Tremont Mortgage Trust | REIT Profile

Symbol: TRMT
CIK: 1708405
Exchange: NASDAQ
Founded: 2017 (4 years)
HQ: United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Mortgage
Externally Managed REIT

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See TRMT on SEC.gov

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Overall Score: 6.0

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day September 21, 2021


REIT Profile Hightlights of Trading Day

Dividend of Trading Day September 21, 2021


Dividend of Trading Day

Latest News Headlines


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Key Stats of Trading Day September 21, 2021


Key Stats of Trading Day

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REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $4.83 per share you would have been able to buy 207 shares of TRMT on 2020-09-22 costing $999.81 @ $4.83 per share you would have been able to buy 103 shares of TRMT on 2020-09-22 costing $497.49 @ $4.83 per share you would have been able to buy 51 shares of TRMT on 2020-09-22 costing $246.33 @ $4.83 per share you would have been able to buy 20 shares of TRMT on 2020-09-22 costing $96.60 @ $4.83 per share you would have been able to buy 10 shares of TRMT on 2020-09-22 costing $48.30
Current worth On 2021-09-21 these 207 shares would be worth $1,148.85 @ $5.55 On 2021-09-21 these 103 shares would be worth $571.65 @ $5.55 On 2021-09-21 these 51 shares would be worth $283.05 @ $5.55 On 2021-09-21 these 20 shares would be worth $111.00 @ $5.55 On 2021-09-21 these 10 shares would be worth $55.50 @ $5.55
Dividends earned $188.37 in dividends would have been earned since 2020-09-22 with 207 shares. $94 in dividends would have been earned since 2020-09-22 with 103 shares. $46.41 in dividends would have been earned since 2020-09-22 with 51 shares. $18.20 in dividends would have been earned since 2020-09-22 with 20 shares. $9.10 in dividends would have been earned since 2020-09-22 with 103 shares.
Net (gain / loss)* 337.41 USD 167.89 USD 83.13 USD 32.60 USD 16.30 USD
ROI** 33.75% 33.75% 33.75% 33.75% 33.75%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Dividend History

Financial Statements Overview


Financial Statements Overview

Balance Sheet | Quarterly

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Balance Shee

Income Statement | Quarterly

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Income Statement

Cash Flow | Quarterly

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Cash Flow

Related Information


Material Source Description
Tremont Mortgage Trust and RMR Mortgage Trust Announce Agreement to Merge BUSINESS WIRE NEWTON, Mass.--(BUSINESS WIRE)-- RMR Mortgage Trust (Nasdaq: RMRM) and Tremont Mortgage Trust (Nasdaq: TRMT) today announced that they have entered into a definitive merger agreement pursuant to which TRMT will merge with and into RMRM, with RMRM continuing as the surviving company. The merger is expected to create a more diversified commercial mortgage real estate investment trust, or REIT, focused on middle market transitional bridge loans with assets expected to approach $1 billion when fully invested. The merger is expected to be accretive to distributable earnings in 2022 with the potential to realize annual expense savings of $1.4 million to $1.6 million, or $0.10 to $0.11 per common share, due to the elimination of certain duplicative public company costs.

About Tremont Mortgage Trust


Tremont Mortgage Trust is a real estate finance company focusing primarily on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate (CRE). We believe capital markets for CRE financing is undergoing a fundamental change presenting an opportunity for alternative lenders like TRMT. TRMT’s goal is to be a leading provider of debt capital secured by middle-market capital CRE. Our manager, Tremont Realty Advisors LLC, is an SEC registered investment adviser owned by The RMR Group LLC, an alternative asset manager founded in 1986 to manage CRE companies and related businesses. The RMR Group Inc. (Nasdaq: RMR) is a holding company and substantially all of its business is conducted by its majority-owned subsidiary, The RMR Group LLC. The RMR Group LLC's business primarily consists of providing management services to six publicly owned real estate investment trusts, or REITs, and three real estate related operating companies. As of March 31, 2018, The RMR Group LLC had approximately $30.0 billion of total assets under management, including more than 1,700 properties, and employed over 550 real estate professionals in more than 35 offices throughout the United States; the companies managed by The RMR Group LLC collectively had approximately 52,000 employees. In 2016, The RMR Group LLC acquired the historical Tremont business, which specialized in middle market CRE finance. In connection with the acquisition, 16 real estate professionals, including loan originators in six offices around the U.S., joined The RMR Group LLC. Tremont Mortgage Trust seeks to leverage the CRE debt expertise of the Tremont team with the national platform and real estate management experience of The RMR Group LLC.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
1 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
Rating AFFO & Efficiency Section Avg. Rating
Rating Leverage Section Avg. Rating
3 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.3
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.9
8 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
5 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
4 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 4.8
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.7
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.3
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.0
Rating Properties Section Avg. Rating
Rating Market Cap Section Avg. Rating
7 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.6
6.0 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Related REITs


REIT REITRating™ Score Exchange Market Capitalization Sector Country
AG Mortgage Investment Trust, Inc. (MITT) 3.5 NYSE Micro-Cap Mortgage United States
Bimini Capital Management, Inc. (BMNM) N/A OTCMKTS Micro-Cap Mortgage United States
Cherry Hill Mortgage Investment Corp. (CHMI) 3.7 NYSE Micro-Cap Mortgage United States
Ellington Residential Mortgage REIT (EARN) 4.0 NYSE Micro-Cap Mortgage United States
HMG Courtland Properties, Inc. (HMG) 5.5 NYSE Micro-Cap Mortgage Diversified United States

Last updated: 2021-09-22 - v1.7