Tremont Mortgage Trust (TRMT) Tops Q3 EPS by 2c

Tremont Mortgage Trust (NASDAQ: TRMT) reported Q3 EPS of $0.26, $0.02 better than the analyst estimate of $0.24.

• Loan Repayments of $53.6 Million During the Third Quarter
• Third Quarter Net Income Per Diluted Share of $0.25
• Third Quarter Core Earnings Per Diluted Share of $0.26
• Quarterly Distribution Declared in October of $0.22 Per Common Share

David Blackman, President and Chief Executive Officer of TRMT, made the following statement:

“Our third quarter results reflect the early repayment of $53.6 million of loans from two borrowers. This demonstrates the strong credit quality of our borrowers and validates our Manager\'s ability to source high quality loans. At this time, our focus is on redeploying this repayment capital and asset managing our book of loans.”

For earnings history and earnings-related data on Tremont Mortgage Trust (TRMT) click here.

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