other material
confidence high
sentiment neutral
materiality 0.30
TRTX presents Q3 2023 portfolio data at Raymond James Symposium
TPG RE Finance Trust, Inc.
- Investment portfolio $4.2B, 100% floating rate, WAVG all-in yield 9.28%, LTV 67.2%.
- GAAP loss per diluted share ($0.83); Distributable Earnings loss per share ($1.33); $0.24 dividend.
- Book value $12.04 per share; CECL reserve $236.6M; debt-to-equity 2.6x.
- Office exposure reduced 61% since Q1 2021; non-accrual loans $350.5M (8% of portfolio).
- Liquidity $570.6M; 68.9% non-mark-to-market financing.