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Recommendations
Tremont Mortgage Trust price target raised to $5.50 from $3.50 at Citi » 06:24
02/23/21
02/23
06:24
02/23/21
06:24
TRMT

Tremont Mortgage Trust

$5.49 /

+0.71 (+14.85%)

Citi analyst Arren…

Citi analyst Arren Cyganovich raised the firm's price target on Tremont Mortgage Trust to $5.50 from $3.50 and keeps a Neutral rating on the shares. The credit outlook for Tremont's portfolio improved during Q4, Cyganovich tells investors in a research note.

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TRMT Tremont Mortgage Trust
$5.49 /

+0.71 (+14.85%)

04/01/20 JMP Securities
Tremont Mortgage downgraded to Market Perform from Outperform at JMP Securities
TRMT Tremont Mortgage Trust
$5.49 /

+0.71 (+14.85%)

Earnings
Tremont Mortgage Trust reports Q4 distributable EPS 28c, consensus 31c » 16:07
02/19/21
02/19
16:07
02/19/21
16:07
TRMT

Tremont Mortgage Trust

$4.74 /

+0.39 (+8.97%)

Thomas Lorenzini,…

Thomas Lorenzini, President of TRMT, made the following statement regarding the fourth quarter 2020 results: "We reported solid fourth quarter and full year 2020 results that reflect our proactive measures over the past year to preserve liquidity, enhance the stability of our balance sheet and actively manage our loans. During the fourth quarter our portfolio's overall performance improved further, as we upgraded the risk ratings of two loans based upon continued improvement of the underlying collateral. We are also pleased that all of our loans continue to remain current on debt service. Looking ahead, given the performance of our portfolio, we plan to reinstate our regular quarterly distribution and to announce the amount of the new distribution in April 2021."

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TRMT Tremont Mortgage Trust
$4.74 /

+0.39 (+8.97%)

04/01/20 JMP Securities
Tremont Mortgage downgraded to Market Perform from Outperform at JMP Securities
TRMT Tremont Mortgage Trust
$4.74 /

+0.39 (+8.97%)

Over a quarter ago
Earnings
Tremont Mortgage Trust reports Q3 core EPS 33c, consensus 27c » 07:15
11/03/20
11/03
07:15
11/03/20
07:15
TRMT

Tremont Mortgage Trust

$2.95 /

+0.11 (+3.87%)

David Blackman, president…

David Blackman, president and CEO of TRMT, made the following statement: "We continued to closely manage our existing investments and actively engage with loan sponsors during the third quarter. While the pandemic-induced economic challenges present an ongoing risk to many borrowers, all of our investments remain current. The relationship with our repurchase facility lender remains strong, and in October we extended this facility with Citibank by one year to November 2022. At the same time, the proactive measures we have taken this year to preserve capital have resulted in increased liquidity. Looking ahead to the fourth quarter, in December we expect to declare a one-time cash distribution to shareholders in order to pay out sufficient taxable income to maintain our REIT tax status. At this time, we cannot comment on the amount of any distribution, but our Board of Trustees will determine this distribution based upon our forecasted full year financial performance as compared to our distributions paid through 2020 year-end."

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TRMT Tremont Mortgage Trust
$2.95 /

+0.11 (+3.87%)

04/01/20 JMP Securities
Tremont Mortgage downgraded to Market Perform from Outperform at JMP Securities
01/24/20 JonesTrading
Tremont Mortgage Trust initiated with a Buy at JonesTrading
TRMT Tremont Mortgage Trust
$2.95 /

+0.11 (+3.87%)

Earnings
Tremont Mortgage Trust reports Q2 core EPS 30c, consensus 18c » 07:09
08/04/20
08/04
07:09
08/04/20
07:09
TRMT

Tremont Mortgage Trust

$2.77 /

+0.515 (+22.89%)

David Blackman, president…

David Blackman, president and CEO 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."

ShowHide Related Items >><<
TRMT Tremont Mortgage Trust
$2.77 /

+0.515 (+22.89%)

04/01/20 JMP Securities
Tremont Mortgage downgraded to Market Perform from Outperform at JMP Securities
01/24/20 JonesTrading
Tremont Mortgage Trust initiated with a Buy at JonesTrading
TRMT Tremont Mortgage Trust
$2.77 /

+0.515 (+22.89%)

Earnings
Tremont Mortgage Trust reports Q1 core EPS 21c, consensus 19c » 07:35
05/04/20
05/04
07:35
05/04/20
07:35
TRMT

Tremont Mortgage Trust

$1.97 /

-0.045 (-2.23%)

David Blackman, president…

David Blackman, president and CEO of TRMT, made the following statement: "During the first quarter, we closed two loans totaling $36.8 million, fully committing our investment capital. As a result of the impact from the COVID-19 pandemic on all parts of the economy, we have focused our attention on protecting our existing investments. We have taken proactive measures to preserve our capital, including reducing our quarterly distributions, as previously announced, and by actively engaging with Citibank, the lender under our master repurchase facility. We are also actively engaging with our borrowers to assess the performance of their business plans. Though one borrower whose full recourse loan is secured by a retail property in Coppell, TX failed to make its April 2020 debt service payment resulting in a default, we have executed a loan modification agreement with this borrower and ultimately expect to collect payment on this loan. To date we have collected April debt service from all our other borrowers, do not have any other loans in default and have not received a margin call under our master repurchase facility. While we are not immune to the economic challenges imposed by the COVID-19 pandemic, we are actively managing our investments to minimize the impact."

ShowHide Related Items >><<
TRMT Tremont Mortgage Trust
$1.97 /

-0.045 (-2.23%)

04/01/20 JMP Securities
Tremont Mortgage downgraded to Market Perform from Outperform at JMP Securities
01/24/20 JonesTrading
Tremont Mortgage Trust initiated with a Buy at JonesTrading
07/10/19 JMP Securities
Tremont Mortgage Trust initiated with an Outperform at JMP Securities
06/05/19 Citi
Tremont Mortgage Trust price target lowered to $5 from $9.50 at Citi
Downgrade
Tremont Mortgage downgraded to Market Perform from Outperform at JMP Securities » 05:55
04/01/20
04/01
05:55
04/01/20
05:55
TRMT

Tremont Mortgage Trust

$2.12 /

-0.76 (-26.39%)

JMP Securities analyst…

JMP Securities analyst Steven DeLaney downgraded Tremont Mortgage Trust to Market Perform from Outperform without a price target. The company's "dramatic" dividend cut due to credit market uncertainty and the potential for more restrictive financing terms signals a more challenging near-term outlook, DeLaney tells investors in a research note.

ShowHide Related Items >><<
TRMT Tremont Mortgage Trust
$2.12 /

-0.76 (-26.39%)

01/24/20 JonesTrading
Tremont Mortgage Trust initiated with a Buy at JonesTrading
07/10/19 JMP Securities
Tremont Mortgage Trust initiated with an Outperform at JMP Securities
06/05/19 Citi
Tremont Mortgage Trust price target lowered to $5 from $9.50 at Citi
05/21/19
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