---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-005962"
form_type: "8-K"
ticker: "TRTX"
cik: "0001630472"
company_name: "TPG RE Finance Trust, Inc."
filed_at: "2022-02-22T23:59:59+00:00"
generated_at: "2026-06-27T06:10:23.999474+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TRTX Q4 net income $41.4M ($0.51/sh); book value $16.37, up $0.22; declares $0.31 dividend

## Summary
- GAAP net income attributable to common stockholders $41.4M ($0.51 per diluted share) in Q4; full year $70.7M ($0.87).
- Book value per common share $16.37 as of Dec 31, 2021, up $0.22 from Q3; CECL reserve reduced to $46.2M (85 bps).
- Originated 10 loans in Q4 ($651.6M commitments) at 3.77% spread, 72.3% LTV; loan repayments $428.1M.
- Total liquidity $321.1M ($260.6M cash); closed TRTX 2022-FL5 ($1.075B CLO) and $250M revolver in Feb 2022.
- Full year 2021: originated $1.9B loans; issued Series C preferred; redeemed Series B preferred; closed $1.25B CLO.

## SEC filing metadata
- accession: 0001564590-22-005962
- form_type: 8-K
- ticker: TRTX
- cik: 0001630472
- company_name: TPG RE Finance Trust, Inc.
- filed_at: 2022-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630472/000156459022005962/0001564590-22-005962-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630472/000156459022005962/trtx-8k_20220222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-005962
- JSON: https://secwatch.observer/filing/0001564590-22-005962.json
- Plain text: https://secwatch.observer/filing/0001564590-22-005962.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.