secwatch.observer — SEC 8-K summary
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Issuer:     TPG RE Finance Trust, Inc. (TRTX)
CIK:        0001630472
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001630472-23-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630472/000163047223000013/0001630472-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630472/000163047223000013/trtx-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001630472-23-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer