earnings
confidence high
sentiment neutral
materiality 0.60
TPG RE Finance Trust Q4 net income $32.6M ($0.42/share); full year net loss $73.6M
TPG RE Finance Trust, Inc.
2022-FY EPS reported
-$0.95
- Q4 GAAP net income $32.6M ($0.42/diluted share); book value $14.48/share as of Dec 31, 2022.
- Full year 2022 net loss $73.6M ($0.95/share); credit loss expense $173.0M; CECL reserve $214.6M.
- Q4 originated $87M loan, received $336.5M repayments, sold office property for $78.6M.
- Liquidity $590.9M; non-mark-to-market debt 73.5% of borrowings; dividend $0.24/share.
- Subsequent events: closed two loans totaling $123.8M; received $35.2M loan repayment.