Tremont Mortgage Trust is a real estate finance company that focuses primarily on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate. TRMT is managed by Tremont Realty Advisors LLC, an SEC registered investment adviser and an indirect subsidiary of The RMR Group Inc.
Company profile
Ticker
TRMT
Exchange
Website
CEO
David M. Blackman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
TRMT stock data
Latest filings (excl ownership)
15-12B
Securities registration termination
4 Oct 21
S-8 POS
Registration of securities for employees (post-effective amendment)
4 Oct 21
S-8 POS
Registration of securities for employees (post-effective amendment)
4 Oct 21
8-K
Completion of Acquisition or Disposition of Assets
4 Oct 21
25-NSE
Exchange delisting
30 Sep 21
425
Business combination disclosure
20 Sep 21
425
Business combination disclosure
20 Sep 21
8-K
Submission of Matters to a Vote of Security Holders
20 Sep 21
425
Business combination disclosure
20 Sep 21
425
Business combination disclosure
20 Sep 21
Transcripts
TRMT
Earnings call transcript
2021 Q2
28 Jul 21
TRMT
Earnings call transcript
2021 Q1
28 Apr 21
TRMT
Earnings call transcript
2020 Q4
22 Feb 21
TRMT
Earnings call transcript
2020 Q3
3 Nov 20
TRMT
Earnings call transcript
2020 Q3
3 Nov 20
TRMT
Earnings call transcript
2020 Q3
3 Nov 20
TRMT
Earnings call transcript
2020 Q2
9 Aug 20
TRMT
Earnings call transcript
2020 Q1
4 May 20
TRMT
Earnings call transcript
2019 Q4
19 Feb 20
TRMT
Earnings call transcript
2019 Q3
9 Nov 19
Latest ownership filings
SC 13D/A
RMR Group LLC
5 Oct 21
4
Matthew P. Jordan
4 Oct 21
4
WILLIAM A. LAMKIN
4 Oct 21
4
Joseph Morea
4 Oct 21
4
Gerald Douglas Lanois
4 Oct 21
4
JOHN L. HARRINGTON
4 Oct 21
4
ADAM D. PORTNOY
4 Oct 21
4
Change in insider ownership
4 Oct 21
4
Thomas J. Lorenzini
4 Oct 21
4
Thomas J. Lorenzini
22 Sep 21
Financial summary
Quarter (USD) | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
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) | 8.37 mm | 8.37 mm | 8.37 mm | 8.37 mm | 8.37 mm | 8.37 mm |
Cash burn (monthly) | 840.67 k | 188.75 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 28.41 mm | 6.38 mm | n/a | n/a | n/a | n/a |
Cash remaining | -20.04 mm | 1.99 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -23.8 | 10.5 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2021
25.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 17 |
Opened positions | 4 |
Closed positions | 4 |
Increased positions | 4 |
Reduced positions | 5 |
13F shares | Current |
---|---|
Total value | 12.57 mm |
Total shares | 2.11 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Tremont Realty Advisors | 1.60 mm | $9.89 mm |
Independent Advisor Alliance | 201.28 k | $1.05 mm |
Renaissance Technologies | 100.50 k | $525.00 k |
Millennium Management | 92.69 k | $484.00 k |
Scotia Capital | 29.71 k | $155.00 k |
Raymond James & Associates | 20.80 k | $109.00 k |
BLK Blackrock | 18.34 k | $95.00 k |
Bulldog Investors | 13.50 k | $70.00 k |
NTRS Northern Trust | 13.24 k | $69.00 k |
Mariner Investment | 10.00 k | $52.00 k |