Tremont Mortgage Trust (TRMT) Misses Q1 EPS by 15c

Tremont Mortgage Trust (NASDAQ: TRMT) reported Q1 EPS of ($0.31), $0.15 worse than the analyst estimate of ($0.16).

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

“Tremont Mortgage Trust continued building origination momentum since the beginning of 2018. We closed on a $18.1 million first mortgage bridge loan in April and commenced diligence on two accepted loan applications for first mortgage bridge loans totaling $30 million. In aggregate, we evaluated 106 prospective financing opportunities for approximately $2.7 billion in gross loan volume during the quarter.”

Results for First Quarter 2018:

• For the quarter ended March 31, 2018, net loss was $949,000, or $0.31 per diluted share.

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

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