{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-087319","form_type":"8-K","ticker":"TPTA","cik":"0001674356","company_name":"Terra Property Trust, Inc.","filed_at":"2025-09-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.609864+00:00","generated_at":"2026-05-17T08:19:16.187848+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Terra Property Trust reports Q2 2025 GAAP net loss of $9.1M ($0.38/share)","bullets":["Net loss driven by reduced interest income from non-performing loans and non-cash charges; CECL reserve of $1.4M.","Monthly cash dividend maintained at $0.10/share for 114th consecutive month.","Portfolio leverage at 1.54x debt-to-equity; weighted avg loan yield 13.8% gross, 15.0% net of leverage.","95% of loan portfolio floating rate; approximately $165M debt reduction since Dec 2023.","Management discusses potential liquidity events: IPO, direct listing, strategic merger, or conversion to non-traded REIT."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-087319","json":"https://secwatch.observer/filing/0001104659-25-087319.json","markdown":"https://secwatch.observer/filing/0001104659-25-087319.md","text":"https://secwatch.observer/filing/0001104659-25-087319.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674356/000110465925087319/0001104659-25-087319-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674356/000110465925087319/tm2525194d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T08:19:16.187848+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"}