{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-119834","form_type":"8-K","ticker":"TPTA","cik":"0001674356","company_name":"Terra Property Trust, Inc.","filed_at":"2025-12-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.113516+00:00","generated_at":"2026-05-16T13:38:47.347420+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 reports Q3 2025 GAAP net loss of $6.7M, maintains $0.09 monthly dividend","bullets":["GAAP net loss of $6.7M ($0.28 per share), driven by reduced interest income from non-performing loans and non-cash charges.","Maintained monthly cash dividend of $0.09/share; 117 consecutive monthly distributions paid since inception.","CECL reserve of $2.4M ($0.10/share); depreciation & amortization $1.3M ($0.052/share).","Portfolio of 18 assets; weighted avg gross loan yield 13.8%, avg cost of debt 7.2%; 94% floating-rate loans.","Leverage ratio 1.33x debt-to-equity; secured debt reduced by ~$203M (69%) since Dec 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-119834","json":"https://secwatch.observer/filing/0001104659-25-119834.json","markdown":"https://secwatch.observer/filing/0001104659-25-119834.md","text":"https://secwatch.observer/filing/0001104659-25-119834.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674356/000110465925119834/0001104659-25-119834-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674356/000110465925119834/tm2533087d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:38:47.347420+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"}