Company Quick10K Filing
Tremont Mortgage Trust
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 8 $33
10-K 2020-02-19 Annual: 2019-12-31
10-Q 2019-11-06 Quarter: 2019-09-30
10-Q 2019-08-06 Quarter: 2019-06-30
10-Q 2019-05-14 Quarter: 2019-03-31
10-K 2019-02-08 Annual: 2018-12-31
10-Q 2018-11-02 Quarter: 2018-09-30
10-Q 2018-08-10 Quarter: 2018-08-10
10-Q 2018-05-14 Quarter: 2018-03-31
10-K 2018-02-22 Annual: 2017-12-31
10-Q 2017-11-14 Quarter: 2017-09-30
8-K 2020-02-19 Earnings, Exhibits
8-K 2019-12-11 Enter Agreement, Exhibits
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-08-06 Earnings, Exhibits
8-K 2019-05-23 Leave Agreement
8-K 2019-05-16 Enter Agreement, Exhibits
8-K 2019-05-14 Earnings, Exhibits
8-K 2019-05-01 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-04-24 Shareholder Vote, Other Events, Exhibits
8-K 2019-02-07 Earnings, Exhibits
8-K 2018-11-06 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-11-02 Earnings, Exhibits
8-K 2018-08-20 Officers
8-K 2018-08-10 Earnings, Exhibits
8-K 2018-07-27 Off-BS Arrangement
8-K 2018-06-20 Other Events, Exhibits
8-K 2018-05-14
8-K 2018-04-25 Shareholder Vote, Other Events, Exhibits
8-K 2018-03-09 Officers
8-K 2018-02-25 Other Events, Exhibits
8-K 2018-02-22 Earnings, Exhibits
8-K 2018-02-09 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits

Tremont Mortgage Trust Financials

TRMT Metrics, Comps, Filings

Annual | Quarterly

Business

Our Company We are a real estate investment trust, or REIT, that was organized under Maryland law in 2017. We focus on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate, or CRE. We define middle market CRE as commercial properties that have values of up to $75.0 million and transitional CRE as commercial properties subject to redevelopment or repositioning activities that are expected to increase the value of the properties.

We completed our initial public offering, or our IPO, on September 18, 2017. We sold 2,500,000 of our common shares of beneficial interest, par value $0.01 per share, or our common shares, at a price of $20.00 per share in our IPO. Concurrently with our IPO, we sold an additional 600,000 of our common shares at a price of $20.00 per share to Tremont Realty Advisors LLC, or our Manager, in a private placement. The aggregate proceeds to us from these sales were $62.0 million. Our Manager paid the initial organizational costs related to our formation and the other costs of our IPO and concurrent private placement, including the underwriting discounts and commissions.

Our Manager is an investment adviser registered with the Securities and Exchange Commission, or SEC. We believe that our Manager provides us with significant experience and expertise in investing in middle market and transitional CRE.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Manhattan Bridge Capital (LOAN) 60,482 0% 13.2 8% 56,986 23,861 5,459 0 4,480 4,577 60,355
Income Opportunity Realty Investors (IOR) 52,144 4.5 9% 98,185 31 0 0 8,858 11,588 52,137
Reven Housing REIT (RVEN) 44,155 35.7 -3% 92,999 64,073 0 0 -3,206 2,547 90,846
Tremont Mortgage Trust (TRMT) 33,264 130.0 1% 271,604 185,228 0 0 1,594 1,594 207,153
Global Self Storage (SELF) 29,217 0% 16.5 1% 57,976 21,346 6,378 0 490 2,869 47,477
Medalist Diversified REIT (MDRR) 20,591 93% 3,118.4 -2% 58,973 34,892 1,713 1,599 -1,059 14 43,490
Power REIT (PW) 18,636 0% 20.0 4% 22,246 9,673 1,484 0 827 1,298 25,939
InnSuites Hospitality (IHT) 15,314 0% 1.6 61% 18,436 10,838 6,500 0 11,215 12,670 20,753
Wheeler REIT (WHLR) 14,540 0% 14.6 -4% 498,790 383,922 63,816 0 -19,534 24,024 351,702
HMG Courtland Properties (HMG) 13,345 -473% 3.7 -3% 32,706 11,425 74 -350 -986 -1,361 -5,055
Washington Prime Group (WPG)
CubeSmart (CUBE)
Sachem Capital (SACC)
American Homes 4 Rent (AMH)
Healthcare Trust of America (HTA)
Exantas Capital (XAN)
Broadmark Realty (BRMK)
SITE Centers (SITC)
Healthpeak Properties (PEAK)
Urstadt Biddle (UBA) 64% -0.1 4% 994,221 357,537 135,840 86,627 39,586 81,656 -8,600

Balance Sheet ($'000)2017-12-312018-12-31
Cash61,666311
Accounts Receivable
Inventory
PP&E
Assets61,925163,913
Accounts Payable
Long-Term Debt104,272
Liabilities1,055104,245
Stockholders' Equity60,87059,668
Income Statement ($'000)2017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A2,101
Tax
Net Income-1,608
Cash Flow ($'000)2017-12-312018-12-31
Cash Operating-1,649
Cash Investing-135,548
Cash Financing102,866