Terra Property Trust, Inc. (TPTA)
2025-06-30 | 2024-09-30 | 2024-06-30 | ||
|---|---|---|---|---|
| Total revenues | 8,610,111 | 12,206,299 | 11,173,520 | |
| Provision for credit losses | 1,374,181 | -687,598 | 2,576,325 | |
| Professional fees | 759,427 | 573,526 | 826,080 | |
| Operating expenses reimbursed to manager | 960,846 | 1,341,587 | 2,332,771 | |
| Real estate operating expenses | 1,561,799 | 586,293 | 782,271 | |
| Other | 98,885 | 89,286 | 100,594 | |
| Directors fees | 81,772 | 83,750 | 91,560 | |
| Asset management fee | 1,280,666 | 1,504,536 | 1,619,971 | |
| Depreciation and amortization | 1,224,996 | 1,746,737 | 1,747,119 | |
| Impairment charge on real estate assets held for sale | 3,399,684 | - | - | |
| Asset servicing fee | 309,565 | 360,606 | 394,995 | |
| Operating expenses | 11,051,821 | 5,598,723 | 10,471,686 | |
| Operating (loss) income | -2,441,710 | 6,607,576 | 701,834 | |
| Loss on repayment of loan | - | -5,629,510 | - | |
| Unrealized gain (loss) on investments, net | - | -74,849 | 201,501 | |
| Realized loss on investments, net | - | - | -310,550 | |
| Interest expense on unsecured notes payable | 2,507,507 | 2,465,390 | 2,452,577 | |
| Interest expense on secured financing | 3,491,187 | 6,487,146 | 6,580,840 | |
| Income from equity interest in unconsolidated investments | 2,265,597 | 1,025,176 | 1,671,970 | |
| Loss on sale of real estate, net | -2,056,550 | - | - | |
| Interest expense on obligations under participation agreements | 940,739 | 779,793 | 770,648 | |
| Total other income and expense | -6,730,386 | -14,411,512 | -8,241,144 | |
| Net loss (income) | -9,172,096 | -7,803,936 | -7,539,310 | |
| Unrealized gain (loss) on available-for-sale debt securities | 82,377 | 5,051 | 316,392 | |
| Other comprehensive loss | 82,377 | 5,051 | 316,392 | |
| Net loss allocable to common stock | - | -7,803,936 | -7,539,310 | |
| Comprehensive loss | -9,089,719 | -7,798,885 | -7,222,918 | |
| Loss per share basic (in usd per share) | -0.38 | -0.32 | -0.31 | |
| Loss per share diluted (in usd per share) | -0.38 | -0.32 | -0.31 | |
| Weighted-average shares basic (in shares) | 24,338,598 | 24,337,029 | 24,336,577 | |
| Weighted-average shares diluted (in shares) | 24,338,598 | 24,337,029 | 24,336,577 | |