If you want to know who really controls Tremont Mortgage Trust (NASDAQ:TRMT), then you'll have to look at the makeup...
Tremont Mortgage Trust (Nasdaq: TRMT) today announced that due to the uncertainty and extreme disruption to the U.S. capital markets as a result of the COVID-19 (novel coronavirus) health crisis, and its resulting impact on the U.S. economy, TRMT has reduced its regular quarterly dividend on its common shares for the first quarter to $0.01 per share, in order to preserve cash and liquidity. This distribution will be paid to TRMT’s common shareholders of record as of the close of business on April 10, 2020 and distributed on or about May 21, 2020. TRMT’s Board of Trustees will continue to monitor TRMT’s financial performance and economic outlook as the year progresses to determine a prudent level for any subsequent regular quarterly distributions for 2020 or declare and pay a dividend required to maintain TRMT’s tax status as a real estate investment trust. Depending upon the ultimate distribution requirement in 2020, if any, the reduction of the dividend could preserve up to $5.2 million of capital this year.
Tremont Mortgage Trust (Nasdaq: TRMT) today announced that it will issue a press release containing its first quarter 2020 financial results before the Nasdaq opens on Monday, May 4, 2020. At 10:00 a.m. Eastern Time that morning, President and Chief Executive Officer David Blackman and Chief Financial Officer Doug Lanois will host a conference call to discuss these results.
If you own shares in Tremont Mortgage Trust (NASDAQ:TRMT) then it's worth thinking about how it contributes to the...
Tremont Mortgage Trust (Nasdaq: TRMT) today announced the results of its 2020 Annual Meeting of Shareholders which was held today.
Tremont Mortgage Trust (NASDAQ:TRMT), which is in the mortgage reits business, and is based in United States, saw...
Investing in stocks comes with the risk that the share price will fall. And unfortunately for Tremont Mortgage Trust...
Shares of Tremont Mortgage (NASDAQ:TRMT) were flat in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share rose 5.00% year over year to $0.21, which beat the estimate of $0.19.Revenue of $2,527,000 up by 74.16% year over year, which beat the estimate of $2,320,000.Looking Ahead Tremont Mortgage hasn't issued any earnings guidance for the time being.Tremont Mortgage hasn't issued any revenue guidance for the time being.Conference Call Details Date: May 04, 2020View more earnings on TRMTTime: 06:01 PM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/trmt/mediaframe/36739/indexr.htmlTechnicals 52-week high: $10.34Company's 52-week low was at $1.63Price action over last quarter: down 71.71%Company Profile Tremont Mortgage Trust is a US-based real estate investment trust. It primarily focuses on originating and investing in first mortgage loans secured by the middle market and transitional commercial real estate (CRE). The company seeks to achieve higher returns by investing in commercial properties which are subject to redevelopment or repositioning activities which are expected to increase the value of the properties. Tremont also emphasizes investing in subordinated mortgages, mezzanine loans, and preferred equity interests in entities which own middle market and transitional CRE.See more from Benzinga * Stocks That Hit 52-Week Lows On Friday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
If you own shares in Tremont Mortgage Trust (NASDAQ:TRMT) then it's worth thinking about how it contributes to the...
Tremont Mortgage Trust (Nasdaq: TRMT) announced today that its annual meeting of shareholders scheduled for May 13, 2020 (the "Annual Meeting") will be held by Internet webcast in order to mitigate potential risks to the health and safety of TRMT’s shareholders, service providers, personnel and other stakeholders arising from the public health impact of the coronavirus outbreak (COVID-19).
Bank of America believes that the S&P 500 will close 2019 unchanged, but see dividend payers as superior to bonds for the short and long terms.
While it may not be enough for some shareholders, we think it is good to see the Tremont Mortgage Trust (NASDAQ:TRMT...
Tremont Mortgage Trust (Nasdaq: TRMT) today announced financial results for the quarter ended March 31, 2020.
NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced financial results for the quarter ended March 31, 2020. David Blackman, President and Chief Executive Officer of TRMT, made the following statement: “During the first quarte…
NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) announced today that its annual meeting of shareholders scheduled for May 13, 2020 (the “Annual Meeting”) will be held by Internet webcast in order to mitigate potential risks to the health…
NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced the results of its 2020 Annual Meeting of Shareholders which was held today. Joseph L. Morea was re-elected as an Independent Trustee. The final tabulation of the percentage…