TRTX Q1 EPS $0.05, non-accrual loans jump to $550M, dividend coverage 0.71x

TPG RE Finance Trust, Inc.

2023-Q1 EPS reported $0.05

GAAP net income attributable to common $3.8M, diluted EPS $0.05; book value $14.31/sh.
Six non-accrual loans with $550.1M amortized cost (vs two with $190.4M at Dec 2022).
Credit loss allowance rose $7.8M to $222.4M; 420 bps of loan commitments.
Originations $123.8M, repayments $227.8M; portfolio $5.3B commitments.
Distributable earnings per diluted share $0.17, common dividend coverage 0.71x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TPG RE Finance Trust, Inc. reported quarter ended March 31, 2023 results: net income $3.8 million, EPS $0.05 per common share.

Period: quarter ended March 31, 2023
Net income: $3.8 million
EPS: $0.05 per common share
Result: reported results

Exact text from the filing

Recognized GAAP net income attributable to common stockholders of $3.8 million, or $0.05 per common share, based on a diluted weighted average share count of 78.1 million common shares.

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TPG RE Finance Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001630472-23-000013

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