Terra Property Trust 7.00% Senior Secured Notes due 2029 (TPTS)
Listed senior secured notes from a commercial-property lender.
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Finances U.S. commercial properties through first mortgages, mezzanine loans and preferred equity, while also earning real-estate income. TPTS is a listed senior secured note issued by an externally managed mortgage REIT, secured by specified collateral without subsidiary guarantees.
Finances U.S. commercial properties through first mortgages, mezzanine loans, preferred-equity investments and credit facilities, while also earning rent and other property income from real estate it owns or manages. The loan strategy targets middle-market transactions, primarily through direct originations, and generally holds investments to maturity.
Operates through a single reportable segment and relies entirely on Terra REIT Advisors, an affiliate of Terra Capital Partners, for personnel, sourcing and day-to-day management. The portfolio spans U.S. markets and several property types, with office, infill land and multifamily constituting most of loan exposure.
Trades as a listed senior secured note issued by the externally managed mortgage REIT. It is secured by specified collateral, has no subsidiary guarantees and is structurally subordinated to subsidiary liabilities.
Company facts
No analyst consensus on record.
Not reported.
Not reported.
No dividends on record.
No ownership filings on record for this listing.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Terra Property Trust 7.00% Senior Secured Notes due 2029 | $15.90 | +0.03% | $387.0M | — | — | — | — |
| Blackstone Mortgage Trust | $14.03 | +0.07% | $2.36B | 175.3 | 11.2 | 1.6 | +18.1% |
| Ares Commercial Real Estate | $4.55 | 0.00% | $252.4M | — | 49.3 | 2.6 | — |
| KKR Real Estate Finance Trust | $7.59 | −0.13% | $488.0M | — | — | 1.2 | −82.3% |
| Franklin BSP Realty Trust | $8.49 | −0.12% | $706.7M | 19.3 | 8.0 | 1.3 | −45.4% |
| TPG RE Finance Trust | $7.71 | −1.15% | $598.8M | 14.4 | 7.3 | 2.2 | −58.7% |
| Ladder Capital | $9.81 | 0.00% | $1.24B | 23.4 | 9.0 | 3.3 | −40.9% |
| Median | 21.3 | 9.0 | 1.9 | −45.4% |