---
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"
generated_at: "2026-05-31T07:39:16.293309+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Terra Property Trust Q2 2024 net loss $7.5M, pays $0.19 dividend; 96% floating-rate portfolio

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-092608
- JSON: https://secwatch.observer/filing/0001104659-24-092608.json
- Plain text: https://secwatch.observer/filing/0001104659-24-092608.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.