Tremont Mortgage Trust IPO Preview

Company: Tremont Mortgage Trust
Symbol: TRMT
Description: They are a real estate finance company that plans to focus primarily on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate, or CRE.  
Shares: 4.5 million
Price Range: $20.00-$20.00
Trade Date: 9/14
Underwriter(s): UBS Investment Bank, Citigroup, RBC Capital Markets
Co-Manager: BB&T Capital Markets, FBR, Janney Montgomery Scott, Oppenheimer & Co.

Link to S-1/A Prospectus

Investor Access: This deal can be accessed via the three main underwriters and the four co-managers on the offering. 

Business: They expect their primary focus will be originating and investing in floating rate first mortgage loans of less than $50.0 million, our target investments will also include subordinated mortgages, mezzanine loans and preferred equity interests in entities that own middle market and transitional CRE.

GRAPHIC: $4.6 BILLION OF HISTORICAL CRE FINANCING TRANSACTIONS ORIGINATED BY THE TREMONT BUSINESS FOR ITS CLIENTS

Distribution Policy: They intend to pay regular quarterly distributions to our shareholders albeit the distribution was not disclosed.

Comp / Sector Performance:  Data as of 9/7/17 (10:31am EST)

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