secwatch.observer — SEC 8-K summary
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Issuer:     TPG RE Finance Trust, Inc. (TRTX)
CIK:        0001630472
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001630472-23-000033
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630472/000163047223000033/0001630472-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630472/000163047223000033/trtx-20231115.htm
  HTML page:      https://secwatch.observer/filing/0001630472-23-000033

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