{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-092608","form_type":"8-K","ticker":"TPTA","cik":"0001674356","company_name":"Terra Property Trust, Inc.","filed_at":"2024-08-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.058675+00:00","generated_at":"2026-05-31T07:39:16.293309+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Terra Property Trust Q2 2024 net loss $7.5M, pays $0.19 dividend; 96% floating-rate portfolio","bullets":["GAAP net loss of $7.5M or $0.31 per basic/diluted share; driven by lower interest income on NPLs and non-cash charges.","CECL reserve of $2.6M ($0.11/share); non-performing loans reduced to 6 from 8 in Q2.","Cash dividend of $0.19/share paid in Q1 2024; cumulative distributions ~70% of contributed capital.","Portfolio weighted-average gross yield 13.02%; net yield 15.3%; avg cost of debt 8.15%, leverage 1.75x.","96% of $415M loan portfolio floating rate; avg remaining term ~10 months; potential liquidity events discussed."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-092608","json":"https://secwatch.observer/filing/0001104659-24-092608.json","markdown":"https://secwatch.observer/filing/0001104659-24-092608.md","text":"https://secwatch.observer/filing/0001104659-24-092608.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674356/000110465924092608/0001104659-24-092608-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674356/000110465924092608/tm2422627d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T07:39:16.293309+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}