secwatch.observer — SEC 8-K summary
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Issuer:     Terra Property Trust, Inc. (TPTA)
CIK:        0001674356
Form:       8-K
Filed at:   2025-12-10T23:59:59+00:00
Accession:  0001104659-25-119834
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Terra Property Trust reports Q3 2025 GAAP net loss of $6.7M, maintains $0.09 monthly dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674356/000110465925119834/0001104659-25-119834-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674356/000110465925119834/tm2533087d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-119834

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