other material
confidence high
sentiment neutral
materiality 0.20
TPG RE Finance Trust presents portfolio overview at Nareit REITweek conference
TPG RE Finance Trust, Inc.
- Book value per share $14.31 at 3/31/23; Q1 net income per diluted share $0.05.
- Distributable earnings per diluted share $0.17; common dividend coverage ratio 0.71x.
- Loan commitments of $5.3B, 100% floating rate, weighted avg. all-in yield 8.49%.
- Financing capacity $6.1B, 74.1% non-mark-to-market; weighted avg. cost of funds 2.05%.
- CECL reserve $222.4M (up $7.8M QoQ); risk rating unchanged at 3.2.