Exhibit 99.1
trmtlogo02.jpg



FOR IMMEDIATE RELEASE    Contact:
Christopher Ranjitkar, Director, Investor Relations
(617) 796-7651

Tremont Mortgage Trust Reports Fourth Quarter and Year End 2018 Results
Income From Investments, Net, For The Fourth Quarter of $1.0 Million
Fourth Quarter Loan Originations of $66.3 Million
Declared First Quarterly Distribution in January 2019
_______________________________________________________________
Newton, MA (February 7, 2019): Tremont Mortgage Trust (Nasdaq: TRMT) today announced its financial results for the quarter and year ended
December 31, 2018.
David Blackman, President and Chief Executive Officer of TRMT, made the following statement:
“Our primary business strategy is to deploy capital principally as investments in first mortgage loans secured by middle market and transitional commercial real estate and to return cash to our shareholders by paying a quarterly distribution. We closed three loans totaling $66.3 million during the fourth quarter of 2018 and we closed two additional loans totaling $47.5 million since year end, increasing our total loan commitments to $202.2 million. Also, in January 2019 we declared our first distribution of $0.11 per common share, and we expect to declare a distribution of between $0.20 and $0.24 per common share in the second quarter of 2019. Our origination activity remains robust, with our manager having committed to us $25.0 million of additional capital. We believe, with leverage, that this additional capital will support approximately $100.0 million of additional loan originations. We remain confident in our business model and long term prospects.”

Results for the Quarter and Year Ended December 31, 2018:
For the quarter ended December 31, 2018, net income was $0.2 million, or $0.06 per diluted share. For the quarter ended December 31, 2018, TRMT generated interest income of $1.8 million and incurred interest and related expenses of $0.8 million, which resulted in $1.0 million of income from investments, net.
For the year ended December 31, 2018, net loss was $1.6 million, or $0.51 per diluted share. For the year ended December 31, 2018, TRMT generated interest income of $3.9 million and incurred interest and related expenses of $1.5 million, which resulted in $2.4 million of income from investments, net.
Recent Investment Activities:
In November 2018, TRMT closed a $12.8 million first mortgage bridge loan to finance the acquisition of a 123,000 square foot retail center in Phoenix, AZ at an as is loan to value ratio, or LTV, of approximately 48%. This loan requires the borrower to pay interest at a per annum floating rate of LIBOR plus a premium of 425 basis points. This loan funded $5.9 million at closing, includes a future funding allowance of $6.9 million for building improvements and leasing capital and has a two year initial term with two, one year extension options subject to the borrower meeting certain conditions. As of December 31, 2018, TRMT had not advanced any of the future funding allowance.

trmtfootera01.jpg

The following information was filed by Tremont Mortgage Trust (TRMT) on Thursday, February 7, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Tremont Mortgage Trust's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Tremont Mortgage Trust.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account