Welcome to our dedicated page for Terra Ppty Tr SEC filings (Ticker: TPTA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for Terra Property Trust, Inc. 6.00% Notes due 2026 (NYSE: TPTA) provides direct access to the issuer’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. Although TPTA refers to the 6.00% Notes due 2026, the underlying registrant is Terra Property Trust, Inc., a Maryland corporation that has elected REIT status for U.S. federal income tax purposes and focuses on commercial real estate credit investments.
Through this page, users can review Form 10-K and Form 10-Q reports, where Terra Property Trust discusses its portfolio of mezzanine loans, first mortgage loans, subordinated mortgage loans, preferred equity investments and related real estate assets. These periodic reports include management’s discussion and analysis of interest income, real estate operating revenue, credit loss provisions, operating expenses reimbursed to its external manager, asset management and servicing fees, and interest expense on both secured and unsecured financing, including the 6.00% Notes due 2026.
The filings list also includes multiple Form 8-K current reports that highlight material events relevant to TPTA noteholders. Examples include disclosures about the company’s evolving financing strategy, reductions in outstanding debt, investor update webcasts, and discussions of plans to repay its 6.00% senior notes due June 30, 2026 and, through its subsidiary Terra Income Fund 6, LLC, its 7.00% senior notes due March 31, 2026. A Notification of Late Filing on Form 12b-25 explains the additional time needed to finalize quarterly disclosures related to expected repayments, strategic asset sales and refinancings connected to these maturities.
Investors interested in governance and capital structure can also find filings describing stockholder meetings, director elections and auditor ratifications, as well as registration statements and merger-related documents associated with Terra Property Trust’s combination with Western Asset Mortgage Capital Corporation. For those tracking Form 4 or other insider-related filings, this page serves as a starting point to understand how management and affiliates interact with the company’s securities.
Stock Titan supplements these filings with AI-powered summaries that highlight key points in lengthy documents, such as leverage metrics, changes in credit performance, impairment charges, and updates on non-performing loans. Real-time updates from EDGAR help users see new 10-Q, 10-K, 8-K, NT 10-Q and related filings as they are posted, while AI-generated explanations can make complex accounting and credit discussions more accessible to both professional and individual investors analyzing Terra Property Trust, Inc. and its 6.00% Notes due 2026.
Terra Property Trust, Inc. is registering $60,000,000 of senior secured notes due March 31, 2029. The company is a real estate investment trust focused on U.S. commercial real estate credit, targeting middle‑market loans of approximately $10 million to $50 million.
The notes pay interest monthly and are subject to mandatory principal repayments of 10.0% of the then outstanding amount on September 30, 2027 and 15.0% on September 30, 2028. Terra may redeem the notes at 102% before March 31, 2027, 101% between March 31 and September 30, 2027, and 100% thereafter, in each case plus accrued interest.
The notes will be secured by liens on capital interests in certain subsidiaries and are intended to be listed on the NYSE under the symbol “TPTS.” Net proceeds are expected to be used to refinance, repurchase or repay indebtedness maturing in 2026 and for general corporate purposes.
Terra Property Trust, Inc., a commercial real estate-focused REIT, is offering $60.0 million of senior secured notes due 2029. The fixed-rate notes will pay monthly interest, be issued in $25 denominations, and are expected to list on the NYSE under the symbol “TPTS.” The company may not redeem the notes before March 30, 2028, and can redeem them at par plus accrued interest thereafter.
The notes will be secured by liens on equity interests in certain subsidiaries and rank senior to subordinated debt, pari passu with other unsubordinated debt, and structurally behind subsidiary-level liabilities. Terra estimates net proceeds of about $55.8 million, which it plans to use mainly to refinance or repay existing indebtedness, including a portion of its existing senior notes, and for general corporate purposes. The company highlights a multi‑year deleveraging effort and expects a 2025 year-end debt‑to‑equity ratio around 1.15–1.25x.
Terra Property Trust, Inc. furnished preliminary financial and operating information for the quarter and year ended December 31, 2025. The company explains that it has shifted to using more conservative leverage in response to challenges in commercial real estate under higher interest rates.
In November 2025, it had $28.9 million in promissory notes outstanding. On November 7, 2025, a borrower refinanced a multifamily loan, generating $39.0 million of proceeds that were used to fully repay these promissory notes. As of December 31, 2025, Terra Property Trust reports $33.0 million of cash and cash equivalents.
The company stresses that these figures are preliminary estimates, subject to completion of year-end closing and review of consolidated financial statements, and may change, potentially materially. The information is furnished, not filed, and the independent auditor has not audited or reviewed these estimates.
Terra Property Trust, Inc. plans to issue $60.0 million of senior secured notes due March 30, 2029, with a fixed interest rate paid monthly in $25 denominations. The notes are secured by liens on equity interests in certain subsidiaries and will rank senior to subordinated debt and effectively senior to unsecured debt, but will be structurally subordinated to liabilities at non‑guarantor subsidiaries. Terra intends to list the notes on the NYSE under the symbol “TPTS” and may issue up to $9.0 million of additional notes through an underwriters’ option, as well as further notes subject to a 1.35x Collateral Coverage Ratio.
The company expects to receive approximately $56.9 million in net proceeds, or $65.6 million if the underwriters’ option is fully exercised, and plans to use the cash to refinance, repurchase or repay 2026‑maturity indebtedness, including a portion of existing notes, and for general corporate purposes. An anchor investor affiliated with its sponsor and/or a leading credit firm may purchase a meaningful portion of the offering. Key risks highlighted include high leverage, broad discretion over use of proceeds, limited covenant protection, potential subordination to other liabilities, interest‑rate and market risk, and the possibility that guarantees or collateral could be challenged in insolvency scenarios.
Terra Property Trust, Inc. announced that its management will host a webcast and investor update conference call on December 10, 2025 at 11:00 a.m. Eastern Time to discuss the company’s financial and operational performance for the quarter ended September 30, 2025. Investors can access the live webcast and submit questions in advance through the provided online registration links, or register online to receive unique dial-in details for the telephone conference call. A presentation deck supporting the update is provided as Exhibit 99.1, and a replay of the webcast will be available through December 24, 2025. The company specifies that the information shared under this item, including the exhibit, is being furnished rather than filed under securities law.
Terra Property Trust, Inc. reported a Q3 2025 net loss of $6.74 million, improving from a $7.80 million loss a year ago, as total revenues fell to $7.30 million from $12.21 million on lower interest and real estate operating income. For the nine months ended September 30, 2025, the company recorded a net loss of $17.20 million versus $21.53 million in 2024, with a $5.92 million provision for credit losses.
As of September 30, 2025, total assets were $398.1 million (down from $542.8 million at December 31, 2024), liabilities were $238.4 million (down from $357.1 million), and equity was $159.7 million. Loans held for investment, net, declined to $178.2 million, reflecting $89.7 million of principal repayments year‑to‑date and asset sales of $69.1 million. The portfolio’s carrying value was $203.5 million, with a weighted‑average coupon of 13.81%.
Cash from investing activities was $133.48 million, while financing used $128.19 million as secured financing was repaid. The company had 24,339,383 Class B shares outstanding as of quarter‑end, and declared distributions of $0.09 per share in Q3 (year‑to‑date $0.38). The filing notes five non‑performing loans with total amortized cost of $152.5 million.
Terra Property Trust, Inc. filed a preliminary S-11 to offer new senior secured notes and list them on the NYSE within 30 days of issuance. The notes pay interest quarterly, are issued in $25 denominations, and cannot be redeemed until a future date; thereafter they may be redeemed at 100% of principal plus accrued interest. The notes are secured by perfected liens on certain capital interests in direct subsidiaries and rank senior secured to the extent of collateral value, with structural subordination to subsidiary liabilities.
Proceeds are expected to refinance, repurchase or repay existing indebtedness, including a portion of existing notes, and for general corporate purposes. The indenture limits activities via a 1.35x Collateral Coverage Ratio for issuing additional senior secured notes or paying dividends above 90% of taxable income or repurchasing capital interests. The company highlights recent deleveraging: total debt decreased from $492 million at December 31, 2022 to an estimated $214 million at September 30, 2025, alongside repayments of repurchase facilities, a revolver, and property mortgages. Terra is an emerging growth company and intends the notes to trade “flat.”
Terra Property Trust (TPTA) furnished a business update under Regulation FD. The company reiterated its intention to repay its 6.00% Senior Notes due June 30, 2026 and to have its wholly owned subsidiary, Terra Income Fund 6, LLC, repay its 7.00% Senior Notes due March 31, 2026. Management described multiple potential sources to meet these obligations, including ordinary course loan repayments, asset sales and distributions, and debt or equity capital sources or facilities.
Management also discussed progress on strengthening the balance sheet. Over the last three fiscal years through September 30, 2025, the company repaid approximately $200 million under various financing obligations. The update was presented in meetings with potential investors and capital sources and was furnished, not filed.
Terra Property Trust, Inc. announced that management will host a webcast and investor update conference call on September 4, 2025 at 11:00 a.m. Eastern Time. During the event, the company plans to provide financial and operational details of its performance for the quarter ended June 30, 2025 and discuss its liquidity plans. A presentation deck supporting the discussion is made available as Exhibit 99.1 and is furnished, not filed, under securities law. The webcast will also be available for replay through September 18, 2025.
Terra Property Trust, Inc. is a REIT focused on U.S. commercial real estate credit investments. As of June 30, 2025 the Company reported a net loan portfolio of $225.9 million with a weighted average coupon of 13.1% and a weighted average remaining term of 1.5 years. The Company held five non-performing loans with an amortized cost of $150.4 million and recorded a specific allowance for those loans of $49.2 million. Real estate and related lease intangibles had net carrying values of $77.2 million (June 30, 2025) and $125.3 million (Dec 31, 2024); two industrial buildings are classified as held for sale with a net carrying value of $27.0 million. Book value per share of Class B Common Stock was $6.92 (June 30, 2025) vs $7.63 (Dec 31, 2024). Outstanding senior notes include $78.5 million of 6.00% notes due 2026 and $34.8 million of 7.00% notes assumed in the BDC Merger due 2026. Distributions in the periods were recorded as returns of capital. The Company is externally managed and amended its Management Agreement effective Jan 1, 2025 to clarify fee applicability to all investment types.