Highest-materiality recent filing
Terra Property Trust extends exchange offer deadline to June 25, 2026; notes carry 11% interest
Exchange offer expiration extended to June 25, 2026; new 11.00% Senior Secured Notes due July 1, 2027 exchanged for 6.00% notes.
Exchange offer for 6.00% Senior Notes due June 30, 2026 extended to June 25, 2026; new terms include 11.00% rate, first-lien collateral, shorter maturity.
Terra Property Trust completes exchange of $25.6M in notes due 2026 for 7% secured notes due 2029
Exchanged $24.0M of its 6% notes due 2026 and $1.55M of TIF6 7% notes due 3/31/2026 for new 7% secured notes due 2029.
Terra Property Trust Exchange Offers: 29.89% of TPT Notes tendered; consent solicitation fails
$24.0M of TPT Notes (6.00% due 2026) tendered, representing 29.89% of outstanding.
Only 3.80% of TPT Notes ($80.4M outstanding) and 0.37% of TIF6 Notes ($38.4M outstanding) tendered as of March 12, 2026.
Terra Property Trust reports debt reduction to ~$186M as of Dec 31, 2025
Total debt reduced from $439M (Dec 2022) to ~$186M (Dec 2025), down over 12 quarters.
Terra Property Trust reports Q3 2025 GAAP net loss of $6.7M, maintains $0.09 monthly dividend
GAAP net loss of $6.7M ($0.28 per share), driven by reduced interest income from non-performing loans and non-cash charges.
Terra Property Trust updates on plan to repay ~$200M in debt by Sept 2025
Company intends to repay its 6.00% Senior Notes due June 2026 and subsidiary's 7.00% Notes due March 2026.
Terra Property Trust reports Q2 2025 GAAP net loss of $9.1M ($0.38/share)
Net loss driven by reduced interest income from non-performing loans and non-cash charges; CECL reserve of $1.4M.
Terra Property Trust re-elects all directors and ratifies KPMG as auditor at annual meeting
Quorum of 51.95% of Class B common shares (12.6M of 24.3M outstanding) present.
Terra Property Trust reports Q1 net loss of $1.3M, adds $2.1M CECL reserves
GAAP net loss of $1.3M ($0.05/share); driven by reduced interest income from non-performing loans and $2.1M CECL reserve.
Terra Property Trust to discuss Q4 2024 results and liquidity plans on March 27 call
Investor update call scheduled March 27, 2025 at 11:00 AM ET.
Terra Property Trust amends Goldman Sachs repurchase facility, extending term
Second Amendment to uncommitted master repurchase agreement with Goldman Sachs Bank USA, effective Dec 17, 2024.
Terra Property Trust extends WAB revolver maturity to June 30, 2025, adds principal payment
Seventh Amendment with Western Alliance Bank extends revolving line of credit maturity to June 30, 2025 from previous date.
Webcast and investor update conference call scheduled for November 21, 2024 at 11:00 a.m. ET.
Terra Property Trust Q2 2024 net loss $7.5M, pays $0.19 dividend; 96% floating-rate portfolio
GAAP net loss of $7.5M or $0.31 per basic/diluted share; driven by lower interest income on NPLs and non-cash charges.
Terra Property Trust stockholders elect all six directors and ratify KPMG as auditor
Quorum of 12.6M shares (51.66% of outstanding) present at July 16 annual meeting.
Extended the revolving credit facility maturity date to December 31, 2024 under the Sixth Amendment.
Terra Property Trust announces Q1 2024 investor call; no financial results disclosed in filing
Company to host webcast and conference call on May 21, 2024 at 11am ET to discuss Q1 performance and liquidity.
Terra Property Trust amends three credit facilities, waives covenant, appoints COO
Amends Western Alliance Bank facility: waives Dec 31, 2023 min net worth covenant, reduces credit line, increases coupon rate, extends term.
Terra Property Trust appoints Sarah Schwarzschild as COO effective immediately
Sarah Schwarzschild appointed COO of Terra Property Trust, effective Feb 27, 2024.
Terra Property Trust: Fund 5 to distribute 14.9M Class B shares; exploring liquidity options
Fund 5 to distribute 14,912,990.19 Class B shares to members on Dec 29, 2023, representing 61% of outstanding.
Stockholders voted 20,034,169.6 for vs 34,264 against; 82.5% quorum; approval of Second Articles.
TPT merger with WMC terminated; receives $3M termination fee
WMC terminated merger on Aug 8, 2023 after receiving superior proposal from AG Mortgage Investment Trust (MITT).
Terra Property Trust delivers enhanced $15.96/share proposal to WMC, topping MITT's $10.60 offer
TPT offers WMC stockholders $15.96/share total ($1.43 cash; $8.75M cash total) vs MITT's $10.60 ($1.06 cash; $7.0M).
Acquired ~5.2% of MITT outstanding common stock as of July 24, 2023, making TPT second-largest stockholder.
Terra Property Trust reaffirms merger with WMC, counters MITT unsolicited bid
Combined company expected to have ~$1.2B in assets and $436M adjusted book value.
Per share exchange ratio based on adjusted book values of TPT and WMC as of determination date; no fixed cash price.
TPT and WMC merge to form $1.2B credit-oriented REIT; TPT shareholders to own 76%
WMC issues Class B shares to TPT stockholders; exchange ratio 0.785 based on adjusted book values as of March 31, 2023.
Terra Property Trust stockholders elect all six director nominees and ratify KPMG as auditor
19.84M shares (81.54% of outstanding) present at June 22 annual meeting; no broker non-votes.
on February 27, 2024, the Board of Directors of the Company appointed Sarah Schwarzschild to serve as the Company’s Chief Operating Officer, effective immediately.
On February 27, 2024, the Board of Directors (the “Board”) of Terra Property Trust, Inc. (the “Company”) appointed Sarah Schwarzschild to serve as the Company’s Chief Operating Officer, effective immediately.
Max materiality 0.85 · Median 0.65 · Most common event debt