earnings
confidence high
sentiment positive
materiality 0.60
TRTX reports Q1 2022 GAAP net income $20.4M, EPS $0.25; new CEO Doug Bouquard
TPG RE Finance Trust, Inc.
2022-Q1 EPS reported
$0.25
- GAAP net income of $20.4M ($0.25 diluted EPS); book value $16.41 per share.
- Declared $0.24/common dividend, paid April 25, 2022; preferred dividend $0.3906.
- Issued $1.075B CRE CLO (TRTX 2022-FL5); redeemed $600M bonds from TRTX 2018-FL2.
- Closed $250M secured credit facility; sold REO land for $75M, gain $13.3M in Q2.
- Doug Bouquard appointed CEO effective April 25; Matt Coleman remains President.