For the quarter ending 2025-09-30, TPTA made $7,295,239 in revenue. -$6,479,054 in net income. Net profit margin of -88.81%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|
| Total revenues | 7,295,239 | 8,610,111 | 12,206,299 | 11,173,520 |
| Operating expenses reimbursed to manager | 881,382 | 960,846 | 1,341,587 | 2,332,771 |
| Asset management fee | 1,171,222 | 1,280,666 | 1,504,536 | 1,619,971 |
| Asset servicing fee | 281,735 | 309,565 | 360,606 | 394,995 |
| Provision for (reversal of provision for) credit losses | 2,425,296 | 1,374,181 | -687,598 | 2,576,325 |
| Real estate operating expenses | 201,980 | 1,561,799 | 586,293 | 782,271 |
| Depreciation and amortization | 680,481 | 1,224,996 | 1,746,737 | 1,747,119 |
| Professional fees | 940,911 | 759,427 | 573,526 | 826,080 |
| Impairment charge on real estate assets held for sale | 0 | 3,399,684 | - | - |
| Directors fees | 68,750 | 81,772 | 83,750 | 91,560 |
| Other | 152,702 | 98,885 | 89,286 | 100,594 |
| Operating expenses | 6,804,459 | 11,051,821 | 5,598,723 | 10,471,686 |
| Operating income | 490,780 | -2,441,710 | 6,607,576 | 701,834 |
| Interest expense on secured financing | 3,728,682 | 3,491,187 | 6,487,146 | 6,580,840 |
| Interest expense on unsecured notes payable | 2,521,155 | 2,507,507 | 2,465,390 | 2,452,577 |
| Interest expense on obligations under participation agreements | 950,836 | 940,739 | 779,793 | 770,648 |
| Unrealized (loss) gain on investments, net | 0 | 0 | -74,849 | 201,501 |
| Income from equity interest in unconsolidated investments | 795,029 | 2,265,597 | 1,025,176 | 1,671,970 |
| Loss on sale of real estate, net | -823,995 | -2,056,550 | - | - |
| Loss on repayment of loan | 0 | - | -5,629,510 | - |
| Realized loss on investments, net | 0 | 0 | - | -310,550 |
| Total other income and expense | -7,229,639 | -6,730,386 | -14,411,512 | -8,241,144 |
| Net income (loss) | -6,738,859 | -9,172,096 | -7,803,936 | -7,539,310 |
| Net loss allocable to common stock | - | - | -7,803,936 | -7,539,310 |
| Unrealized gain (loss) on available-for-sale debt securities | 259,805 | 82,377 | 5,051 | 316,392 |
| Other comprehensive loss | 259,805 | 82,377 | 5,051 | 316,392 |
| Comprehensive loss | -6,479,054 | -9,089,719 | -7,798,885 | -7,222,918 |
| Loss per share basic (in usd per share) | -0.28 | -0.38 | -0.32 | -0.31 |
| Loss per share diluted (in usd per share) | -0.28 | -0.38 | -0.32 | -0.31 |
| Weighted-average shares basic (in shares) | 24,339,016 | 24,338,598 | 24,337,029 | 24,336,577 |
| Weighted-average shares diluted (in shares) | 24,339,016 | 24,338,598 | 24,337,029 | 24,336,577 |
Terra Property Trust, Inc. (TPTA)
Terra Property Trust, Inc. (TPTA)