secwatch.observer — SEC 8-K summary
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Issuer:     TPG RE Finance Trust, Inc. (TRTX)
CIK:        0001630472
Form:       8-K
Filed at:   2022-02-22T23:59:59+00:00
Accession:  0001564590-22-005962
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630472/000156459022005962/0001564590-22-005962-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630472/000156459022005962/trtx-8k_20220222.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-005962

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