Terra Property Trust reports Q1 net loss of $1.3M, adds $2.1M CECL reserves

Terra Property Trust, Inc.

2025-Q1 EPS reported -$0.05 revenue$12,456,749

GAAP net loss of $1.3M ($0.05/share); driven by reduced interest income from non-performing loans and $2.1M CECL reserve.
Portfolio yield 13.9% gross, 14.4% net; 95% floating rate; leverage 1.59x debt-to-equity.
Collected $2.5M default interest from full repayment of a non-accrual loan during Q1.
Maintained 111 consecutive monthly distributions; cumulative distributions >75% of contributed capital.
Management exploring potential liquidity transactions: IPO, direct listing, or strategic merger.

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