secwatch.observer — SEC 8-K summary
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Issuer:     TPG RE Finance Trust, Inc. (TRTX)
CIK:        0001630472
Form:       8-K
Filed at:   2024-01-03T23:59:59+00:00
Accession:  0001630472-24-000003
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TRTX presents Q3 2023 portfolio data at Raymond James Symposium
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630472/000163047224000003/0001630472-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630472/000163047224000003/trtx-20240103.htm
  HTML page:      https://secwatch.observer/filing/0001630472-24-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer