For the quarter ending 2026-03-31, TPTA made $3,213,850 in revenue. -$15,048,983 in net income. Net profit margin of -468.25%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenues | 3,213,850 | 11,580,995* | 7,295,239 | 8,610,111 |
| Operating expenses reimbursed to manager | 673,467 | 1,271,880* | 881,382 | 960,846 |
| Asset management fee | 935,071 | 1,108,808* | 1,171,222 | 1,280,666 |
| Asset servicing fee | 211,211 | 256,833* | 281,735 | 309,565 |
| Provision for credit losses | 6,927,419 | 7,068,376.5* | 2,425,296 | 1,374,181 |
| Real estate operating expenses | 784,950 | 468,004.5* | 201,980 | 1,561,799 |
| Depreciation and amortization | 854,622 | 983,445.5* | 680,481 | 1,224,996 |
| Professional fees | 2,072,080 | 262,369* | 940,911 | 759,427 |
| Impairment charge on real estate asset | 595,984 | -1,699,842* | 0 | 3,399,684 |
| Directors fees | 68,750 | 77,239* | 68,750 | 81,772 |
| Other | 102,650 | 174,332.5* | 152,702 | 98,885 |
| Operating expenses | 13,226,204 | 9,971,446* | 6,804,459 | 11,051,821 |
| Loss on repayment of loan | - | 0* | 0 | - |
| Operating (gain) income | -10,012,354 | 1,609,549* | 490,780 | -2,441,710 |
| Realized loss on investments, net | - | 0* | 0 | 0 |
| Interest expense on secured financing | 1,806,153 | 2,588,880.25* | 3,728,682 | 3,491,187 |
| Interest expense on unsecured notes payable | 2,478,542 | 2,370,019* | 2,521,155 | 2,507,507 |
| Interest expense on obligations under participation agreements | 844,617 | 810,966.5* | 950,836 | 940,739 |
| Income from equity interest in unconsolidated investments | 660,007 | -1,307,665* | 795,029 | 2,265,597 |
| Gain on extinguishment of debt | - | 137,156.25* | - | - |
| Gain on sale of real estate, net | -560,634 | 1,440,272.5* | -823,995 | -2,056,550 |
| Unrealized loss on investments, net | 0 | 39,290* | 0 | 0 |
| Total other income and expense | -5,029,939 | -5,460,812* | -7,229,639 | -6,730,386 |
| Net loss before income taxes | -15,042,293 | -3,851,263* | - | - |
| Provision for income tax | 6,690 | 108,150.5* | - | - |
| Net loss | -15,048,983 | -3,959,413.5* | -6,738,859 | -9,172,096 |
| Unrealized loss on available-for-sale debt securities | 0 | -327,798 | 259,805 | 82,377 |
| Other comprehensive gain | 0 | -327,798* | 259,805 | 82,377 |
| Comprehensive loss | -15,048,983 | -4,287,211.5 | -6,479,054 | -9,089,719 |
| Basic EPS | -0.62 | -0.176 | -0.28 | -0.38 |
| Diluted EPS | -0.62 | -0.176 | -0.28 | -0.38 |
| Basic Average Shares | 24,339,892 | 24,338,861 | 24,339,016 | 24,338,598 |
| Diluted Average Shares | 24,339,892 | 24,338,861 | 24,339,016 | 24,338,598 |
Terra Property Trust, Inc. (TPTA)
Terra Property Trust, Inc. (TPTA)