Tremont Mortgage Trust (TRMT) Tops Q1 EPS by 6c

Tremont Mortgage Trust (NASDAQ: TRMT) reported Q1 EPS of $0.27, $0.06 better than the analyst estimate of $0.21.

“Our first quarter results underscore the strength of TRMT’s commercial mortgage portfolio, with all of our loans remaining current on debt service and our portfolio risk rating continuing to improve. We received one early repayment during the quarter and used the proceeds to pay down our master repurchase facility. We intend to reinvest the capital and remain active in the market evaluating prospective opportunities. In the meantime, based on the health of our portfolio and our strong operating results, we were pleased to have reinstated a regular quarterly distribution to our shareholders.

Yesterday, we were excited to announce our plans to merge with and into RMR Mortgage Trust, which will result in a combined company having increased scale, a more diversified loan portfolio and a greater presence within the commercial real estate lending market."

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

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