earnings
confidence high
sentiment negative
materiality 0.75
TPG RE Finance Trust Q3 GAAP net loss $117.9M; allowance for credit losses rises $132.3M
TPG RE Finance Trust, Inc.
2022-Q3 EPS reported
-$1.38
- GAAP net loss attributable to common stockholders of $(117.9)M, or $(1.52) per share.
- Book value per common share fell to $14.28 as of Sept 30, 2022.
- Originated and acquired $984.0M in first mortgage loans; received $371.1M in repayments.
- Allowance for credit losses increased to $225.6M (390 bps) from $93.4M (180 bps) in Q2.
- Total liquidity of $571.3M; non-mark-to-market debt at 74.9% of borrowings.