---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-051862"
form_type: "8-K"
ticker: "TPTA"
cik: "0001674356"
company_name: "Terra Property Trust, Inc."
filed_at: "2025-05-22T23:59:59+00:00"
generated_at: "2026-05-20T18:23:05.571432+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-051862
- form_type: 8-K
- ticker: TPTA
- cik: 0001674356
- company_name: Terra Property Trust, Inc.
- filed_at: 2025-05-22T23:59:59+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/1674356/000110465925051862/0001104659-25-051862-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674356/000110465925051862/tm2515947d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-051862
- JSON: https://secwatch.observer/filing/0001104659-25-051862.json
- Plain text: https://secwatch.observer/filing/0001104659-25-051862.txt

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