Tremont Mortgage Trust (TRMT) Misses Q4 EPS by 1c

Tremont Mortgage Trust (NASDAQ: TRMT) reported Q4 EPS of $0.17, $0.01 worse than the analyst estimate of $0.18.

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

“During the fourth quarter, we closed two loans totaling $33.0 million and subsequent to year end, we closed two additional loans totaling $36.8 million for an aggregate investment of $69.8 million in new first mortgage whole loans. We have now successfully redeployed the capital from the early repayments of two loans during the third quarter of 2019 and are fully invested. Although our Manager has built solid origination momentum heading into 2020, our focus for the foreseeable future will be on asset managing our existing loans.”

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

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