Terra Property Trust (TPTS) Operating Expenses (2019 - 2026)
Terra Property Trust's (TPTS) quarterly Operating Expenses came in at $8.4 million in Q2 2026, down 24.16% year-over-year from $11.1 million in Q2 2025, and down 20.38% quarter-over-quarter from $10.5 million in Q4 2025.
Analysis
Terra Property Trust (TPTS) Operating Expenses (2019 - 2026) Analysis & Trends
Terra Property Trust has disclosed Operating Expenses across 8 years of filings, most recently posting $8.4 million for Q2 2026.
- In Q2 2026, Operating Expenses fell 24.16% year-over-year to $8.4 million; the TTM figure through Jun 2026 stood at $36.8 million (down 17.37% YoY), while the FY2025 annual figure was $36.8 million, down 19.66% from the prior year.
- Operating Expenses came in at $8.4 million for Q2 2026 at Terra Property Trust, down from $10.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $37.8 million in Q3 2023 to a low of $5.6 million in Q3 2024.
- Average Operating Expenses over 5 years is $13.5 million, with a median of $10.5 million recorded in 2024.
- Year-over-year, Operating Expenses jumped 200.58% in 2023 and sank 85.17% in 2024.
- Over 5 years, Operating Expenses stood at $11.1 million in 2022, then soared by 96.56% to $21.8 million in 2023, then retreated by 10.85% to $19.5 million in 2024, then plunged by 45.93% to $10.5 million in 2025, then dropped by 20.38% to $8.4 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $8.4 million in Q2 2026, $10.5 million in Q4 2025, and $6.8 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | 16.21 Mn |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 51.40 Mn |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 111.00 Mn |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | 17.16 Mn |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 76.02 Mn |
| 10 | Terra Property Trust | 388.10 Mn | 378.40 Mn | 4.36 Mn | 8.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.38 Mn |
| Dec 31, 2025 | 10.53 Mn |
| Sep 30, 2025 | 6.80 Mn |
| Jun 30, 2025 | 11.05 Mn |
| Mar 31, 2025 | 8.37 Mn |
| Dec 31, 2024 | 19.47 Mn |
| Sep 30, 2024 | 5.60 Mn |
| Jun 30, 2024 | 10.47 Mn |
| Mar 31, 2024 | 10.21 Mn |
| Dec 31, 2023 | 21.84 Mn |
| Sep 30, 2023 | 37.76 Mn |
| Jun 30, 2023 | 25.82 Mn |
| Mar 31, 2023 | 6.98 Mn |
| Dec 31, 2022 | 11.11 Mn |
| Sep 30, 2022 | 16.87 Mn |
| Jun 30, 2022 | 8.59 Mn |
| Mar 31, 2022 | 9.22 Mn |
| Dec 31, 2021 | 19.39 Mn |
| Sep 30, 2021 | 6.84 Mn |
| Jun 30, 2021 | 7.10 Mn |