Tremont Mortgage Trust (TRMT) Tops Q2 EPS by 12c

Tremont Mortgage Trust (NASDAQ: TRMT) reported Q2 EPS of $0.30, $0.12 better than the analyst estimate of $0.18.

• Second Quarter Net Income Per Diluted Share of $0.29
• Second Quarter Core Earnings Per Diluted Share of $0.30

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

“During the second quarter, our focus continued to be on managing our portfolio of loans. Though the challenging economic environment has impacted borrowers to varying degrees, all of our borrowers are current on debt service obligations and our lender continues to advance future funding obligations in the ordinary course. At the end of the quarter, our manager extended its waiver of the fees due under our management agreement through December 31, 2020, demonstrating continued alignment with our shareholders who are currently receiving reduced quarterly distributions as part of our proactive measures to preserve our capital.”

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

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