{"schema_version":"secwatch.filing_event.v1","accession":"0001630472-23-000025","form_type":"8-K","ticker":"TRTX","cik":"0001630472","company_name":"TPG RE Finance Trust, Inc.","filed_at":"2023-09-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.617854+00:00","generated_at":"2026-06-10T21:43:28.001133+00:00","sec_items":["7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"TRTX Q2 2023 GAAP loss of $0.94 per share; negative distributable earnings","bullets":["Q2 2023 GAAP net loss attributable to common stockholders of $72.7M, or ($0.94) per diluted share.","Distributable earnings per diluted share of ($0.18); common dividend declared $0.24 per share (coverage ratio -0.75x).","CECL reserve rose $55.9M QoQ to $278.3M, driven by office sector deterioration and five individually assessed loans.","Book value per share fell from $14.31 (3/31/23) to $13.10 (6/30/23) on net loss and dividends.","Liquidity of $542.9M; debt-to-equity ratio 2.8x; 71.7% of financing is non-mark-to-market."],"urls":{"canonical":"https://secwatch.observer/filing/0001630472-23-000025","json":"https://secwatch.observer/filing/0001630472-23-000025.json","markdown":"https://secwatch.observer/filing/0001630472-23-000025.md","text":"https://secwatch.observer/filing/0001630472-23-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1630472/000163047223000025/0001630472-23-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1630472/000163047223000025/trtx-20230911.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T21:43:28.001133+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}