---
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"
generated_at: "2026-05-16T13:38:47.347420+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 Q3 2025 GAAP net loss of $6.7M, maintains $0.09 monthly dividend

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1674356/000110465925119834/0001104659-25-119834-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674356/000110465925119834/tm2533087d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-119834
- JSON: https://secwatch.observer/filing/0001104659-25-119834.json
- Plain text: https://secwatch.observer/filing/0001104659-25-119834.txt

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