TRTX reports Q4 GAAP net income $0.03/share; full year loss $1.69; CECL reserve slashed

TPG RE Finance Trust, Inc.

2023-FY EPS reported -$1.69

Q4 GAAP net income attributable to common $2.6M ($0.03/diluted); FY net loss $130.9M ($1.69/share).
Book value per share $11.86; declared Q4 dividend $0.24/share, 14.8% annualized yield on $6.50 close.
Allowance for credit losses cut to $69.8M from $236.6M at Sep 30; no non-accrual loans at year-end.
Near-term liquidity $480M; non-mark-to-market debt 73.5%; Debt-to-Equity fell to 2.53x from 2.97x.
Sold office loan for $29M (loss $55.8M) and multifamily loan for $98.7M (loss $22.4M); acquired $152M REO.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TPG RE Finance Trust, Inc. reported the quarter and full year ended December 31, 2023 results: net income $2.6 million, EPS $0.03 per common share.

Period: the quarter and full year ended December 31, 2023
Net income: $2.6 million
EPS: $0.03 per common share
Result: reported results

Exact text from the filing

TPG RE Finance Trust, Inc. Reports Operating Results for the Quarter and Full Year Ended December 31, 2023

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Source: SEC EDGAR

accession 0001630472-24-000007

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