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Stocks · Real estate · Real Estate Investment Trusts

Terra Property Trust, Inc.

TPTS Clue Score21
United States Fiscal year ends December CIK 0001674356
$13.30 -5.77% Close, 9 Oct 2026
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Price $13.30 −28.46% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 24 Jun 2026. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue51.4Operating income28.8Net income9.0Fiscal year 2020Revenue50.3 −2.1%Operating income23.7Net income5.3 −41.9%Fiscal year 2021Revenue46.7 −7.2%Operating income7.8Net income−12.4 −335.1%EPS, diluted−0.63Fiscal year 2022Revenue56.6 +21.3%Operating income10.8Net income−7.0EPS, diluted−0.34Fiscal year 2023Revenue67.9 +20.0%Operating income−24.5Net income−56.9EPS, diluted−2.34Fiscal year 2024Revenue49.7 −26.8%Operating income3.9Net income−37.2EPS, diluted−1.53Fiscal year 2025Revenue35.4 −28.7%Operating income−1.3Net income−27.8EPS, diluted−1.14
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 51.4 50.3 46.7 56.6 67.9 49.7 35.4
Growth −2.1% −7.2% +21.3% +20.0% −26.8% −28.7%
Operating income 28.8 23.7 7.8 10.8 −24.5 3.9 −1.3
Net income 9.0 5.3 −12.4 −7.0 −56.9 −37.2 −27.8
Growth −41.9% −335.1%
EPS, diluted n/a n/a −0.63 −0.34 −2.34 −1.53 −1.14
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2019Operating margin56.0%Net margin17.6%Fiscal year 2020Operating margin47.0%Net margin10.4%Fiscal year 2021Operating margin16.6%Net margin−26.5%Fiscal year 2022Operating margin19.1%Net margin−12.3%Fiscal year 2023Operating margin−36.1%Net margin−83.8%Fiscal year 2024Operating margin7.9%Net margin−74.8%Fiscal year 2025Operating margin−3.7%Net margin−78.5%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 56.0% 47.0% 16.6% 19.1% −36.1% 7.9% −3.7%
Net margin 17.6% 10.4% −26.5% −12.3% −83.8% −74.8% −78.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2019Operating cash flow17.5Buybacks0.0Dividends paid−30.4Fiscal year 2020Operating cash flow7.9Buybacks−3.6Dividends paid−21.2Fiscal year 2021Operating cash flow4.1Buybacks0.0Dividends paid−17.1Fiscal year 2022Operating cash flow0.4Dividends paid−16.1Fiscal year 2023Operating cash flow8.6Dividends paid−18.6Fiscal year 2024Operating cash flow−3.3Dividends paid−18.6Fiscal year 2025Operating cash flow1.9Dividends paid−11.6
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 17.5 7.9 4.1 0.4 8.6 −3.3 1.9
Buybacks 0.0 −3.6 0.0 n/a n/a n/a n/a
Dividends paid −30.4 −21.2 −17.1 −16.1 −18.6 −18.6 −11.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash29.6Shareholders’ equity247.5Fiscal year 2020Cash18.6Total debt151.6Net cash (debt)−133.0Shareholders’ equity303.3Debt to equity0.50Fiscal year 2021Cash35.8Total debt294.0Net cash (debt)−258.2Shareholders’ equity273.8Debt to equity1.07Fiscal year 2022Cash28.6Total debt438.8Net cash (debt)−410.2Shareholders’ equity321.9Debt to equity1.36Fiscal year 2023Cash10.7Total debt408.9Net cash (debt)−398.2Shareholders’ equity241.7Debt to equity1.69Fiscal year 2024Cash8.6Total debt326.1Net cash (debt)−317.6Shareholders’ equity185.7Debt to equity1.76Fiscal year 2025Cash33.2Total debt178.9Net cash (debt)−145.7Shareholders’ equity146.5Debt to equity1.22
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 29.6 18.6 35.8 28.6 10.7 8.6 33.2
Total debt n/a 151.6 294.0 438.8 408.9 326.1 178.9
Net cash (debt) n/a −133.0 −258.2 −410.2 −398.2 −317.6 −145.7
Shareholders’ equity 247.5 303.3 273.8 321.9 241.7 185.7 146.5
Debt to equity n/a 0.50 1.07 1.36 1.69 1.76 1.22

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
17.5 7.9 4.1 0.4 8.6 −3.3 1.9
Growth −54.7% −48.2% −90.2% +2,032.4% −137.8%
3.8 4.6 4.0 6.5 7.0 7.4 3.8
Investment
−4.4 −78.2 −87.7 −49.1 −10.0 101.6 180.6
Financing
8.9 52.7 101.8 34.1 −15.5 −99.0 −163.6
−30.4 −21.2 −17.1 −16.1 −18.6 −18.6 −11.6
0.0 −3.6 0.0 n/a n/a n/a n/a

Capital expenditure, dividends and buybacks are shown as money out, so negative.