---
schema_version: "secwatch.filing_event.v1"
accession: "0001630472-23-000033"
form_type: "8-K"
ticker: "TRTX"
cik: "0001630472"
company_name: "TPG RE Finance Trust, Inc."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:27:30.259737+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TRTX reports 3Q23 GAAP loss of $0.83/shr, negative distributable earnings of $1.33/shr

## Summary
- GAAP net loss attributable to common stockholders of $64.6M, or $0.83 per diluted share.
- Distributable earnings per diluted share of -$1.33; common dividend of $0.24/shr declared, coverage ratio -5.54x.
- Credit loss expense of $75.8M; total CECL reserve $236.6M, down $41.7M from prior quarter.
- Book value per share fell to $12.04 from $13.10 at June 30, 2023.
- Portfolio office exposure reduced 61% since 1Q21; liquidity $570.6M, debt-to-equity 2.6x.

## SEC filing metadata
- accession: 0001630472-23-000033
- form_type: 8-K
- ticker: TRTX
- cik: 0001630472
- company_name: TPG RE Finance Trust, Inc.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630472/000163047223000033/0001630472-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630472/000163047223000033/trtx-20231115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001630472-23-000033
- JSON: https://secwatch.observer/filing/0001630472-23-000033.json
- Plain text: https://secwatch.observer/filing/0001630472-23-000033.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.