TRTX Q2 2023 GAAP net loss $72.7M ($0.94/share); credit loss reserve jumps to $278.3M

TPG RE Finance Trust, Inc.

2023-Q2 EPS reported -$0.89

GAAP net loss attributable to common stockholders of $72.7M, or $0.94 per diluted share.
Book value per common share fell to $13.10 from $14.31 at March 31, 2023.
Allowance for credit losses increased by $55.9M to $278.3M (572 bps of total commitments).
Received loan repayments of $279.1M; sold an office loan for $47.8M, incurring $24.1M loss.
Declared common dividend of $0.24 per share; liquidity stands at $542.9M.

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 the quarter ended June 30, 2023 results: net income ($72.7) million, EPS ($0.94) per common share.

Period: the quarter ended June 30, 2023
Net income: ($72.7) million
EPS: ($0.94) per common share
Result: reported results

Exact text from the filing

Recognized GAAP net (loss) attributable to common stockholders of ($72.7) million, or ($0.94) per common share, based on a diluted weighted average share count of 77.4 million common shares.

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Source: SEC EDGAR

accession 0001630472-23-000022

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