Terra Property Trust, Inc. 6.00
TPTA
New York Stock Exchange23.66
USD
-0.09
(+0.59%)
Terra Property Trust, Inc. 6.00
TPTA
(New York Stock Exchange)
Recent
price
23.66
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Terra Property Trust, Inc. is a publicly traded real estate investment trust (REIT) specializing in originating, investing in, and managing a diversified portfolio of commercial real estate credit investments across the United States. The company’s core offerings include first mortgage loans, subordinated loans such as B-notes and mezzanine financing, preferred equity, and credit facility investments secured by high-quality commercial real estate spanning multiple property types including multifamily housing, hotels, student housing, commercial and medical offices, mixed-use properties, industrial assets, and infrastructure. The company focuses on middle-market loans ranging from $10 million to $50 million, with a portfolio diversified by property type, geographic location, tenancy, and borrower. Terra Property Trust holds loans primarily until maturity, unless market conditions justify earlier disposition, and also pursues strategic non-real estate-related investments aligned with its objectives. Founded in 2001 and headquartered in New York, the firm operates across 21 markets in nine U.S. states. Significant recent changes include Terra Property Trust's completion of a merger with Terra Income Fund 6 in October 2022, which enhanced the company’s portfolio diversification and financial strength. Subsequent restructuring in late 2023 involved the wind-down of Terra Fund 5 and the distribution of Class B Common Stock shares to its members, supporting ongoing liquidity initiatives. The company has actively managed its capital structure by repurchasing notes due in 2026 and extending its credit line maturity to June 2025, supporting operational liquidity and potential market access improvements. In 2025, Terra has hosted investor update webcast calls to communicate financial performance and strategic plans amidst challenging market conditions, aiming to stabilize revenues and manage risks associated with credit and interest rates. The company continues to evaluate options for a public listing or conversion to a non-traded REIT to enhance shareholder value and market presence. Terra Property Trust generates revenue primarily from interest income on its loan portfolio and real estate operating income. Despite recent pressures, the firm has shown improvements in cost management and liquidity, with a portfolio that includes stabilized, value-added, pre-development, and construction-phase properties. It is externally advised by Terra REIT Advisors, LLC, an affiliate of Mavik Capital Management, LP, and focuses on providing financing alternatives in a market with limited traditional bank lending availability. This comprehensive real estate credit investment platform positions Terra Property Trust as a specialized creditor in U.S. commercial real estate, leveraging strategic mergers, debt management, and market diversification to navigate evolving economic conditions and pursue growth opportunities.
Terra Property Trust, Inc. Announces Webcast and Investor Update Conference Call
Terra Property Trust, Inc. Announces Webcast and Investor Update Conference Call
Terra Property Trust, Inc. CAL 26 (TPTA) Q1 2025 Earnings Call Transcript
Terra Property Trust, Inc. CAL 26. (TPTA) Q4 2024 Earnings Call Transcript
Arena Investors Calls for Greater Transparency from Terra Property Trust and Seeks Explanation for the Company's Downgraded Debt