Terra Property Trust, Inc. is an externally managed real estate investment trust that originates, invests in, and manages loans and assets secured by commercial real estate across the United States. The company’s objective is to continue to provide attractive risk-adjusted returns to its stockholders, primarily through current income and capital appreciation. The company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes commencing with its taxable year ended December 31, 2016. The company is externally advised by Terra REIT Advisors, LLC, an affiliate of Mavik Capital Management, LP.
Company profile
Ticker
TPTA
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Terra Ocean Ave, LLC • Terra Driggs, LLC • Terra Harlem Member, LLC • Terra 370 Lex LLC • Terra Income Fund 6, LLC • Terra Mortgage Capital I, LLC • Terra Mortgage Portfolio I, LLC • Terra Lakeside Development, LLC • Terra LOC Portfolio I, LLC • Terra Walnut Development, LLC ...
Latest filings (excl ownership)
10-K
2023 FY
Annual report
15 Mar 24
8-K
Entry into a Material Definitive Agreement
13 Mar 24
8-K
Departure of Directors or Certain Officers
29 Feb 24
8-K
Regulation FD Disclosure
21 Dec 23
8-K
Material Modifications to Rights of Security Holders
5 Dec 23
10-Q
2023 Q3
Quarterly report
14 Nov 23
DEF 14A
Definitive proxy
13 Nov 23
PRE 14A
Preliminary proxy
1 Nov 23
10-Q
2023 Q2
Quarterly report
11 Aug 23
8-K
Terra Property Trust Issues Statement Regarding Terminated Transaction with Western Asset Mortgage Capital Corporation
9 Aug 23
Latest ownership filings
3
Sarah Schwarzschild
29 Feb 24
4
Change in insider ownership
3 Jan 24
4
Change in insider ownership
3 Jan 24
SC 13D/A
Terra Capital Partners, LLC
3 Jan 24
SC 13D/A
AG Mortgage Investment Trust, Inc.
24 Nov 23
SC 13D/A
Terra Capital Partners, LLC
10 Aug 23
SC 13D
AG Mortgage Investment Trust, Inc.
25 Jul 23
SC 13D/A
Terra Capital Partners, LLC
28 Jun 23
SC 13D/A
Terra Capital Partners, LLC
12 Oct 22
4
Change in insider ownership
4 Oct 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 29.56 mm | 29.56 mm | 29.56 mm | 29.56 mm | 29.56 mm | 29.56 mm |
Cash burn (monthly) | 9.51 mm | 218.31 k | 6.88 mm | 1.05 mm | 2.02 mm | (no burn) |
Cash used (since last report) | 64.64 mm | 1.48 mm | 46.78 mm | 7.15 mm | 13.70 mm | n/a |
Cash remaining | -35.09 mm | 28.07 mm | -17.22 mm | 22.41 mm | 15.86 mm | n/a |
Runway (months of cash) | -3.7 | 128.6 | -2.5 | 21.3 | 7.9 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Dec 23 | Terra Capital Partners | Class B Common Stock | Other | Dispose J | Yes | No | 0 | 14,912,990.19 | 0.00 | 4,574,470.35 |
29 Dec 23 | Terra Secured Income Fund 5 | Class B Common Stock | Other | Dispose J | No | No | 0 | 14,912,990.19 | 0.00 | 0 |