---
schema_version: "secwatch.filing_event.v1"
accession: "0001630472-24-000007"
form_type: "8-K"
ticker: "TRTX"
cik: "0001630472"
company_name: "TPG RE Finance Trust, Inc."
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:10:11.251316+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001630472-24-000007
- form_type: 8-K
- ticker: TRTX
- cik: 0001630472
- company_name: TPG RE Finance Trust, Inc.
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630472/000163047224000007/0001630472-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630472/000163047224000007/trtx-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001630472-24-000007
- JSON: https://secwatch.observer/filing/0001630472-24-000007.json
- Plain text: https://secwatch.observer/filing/0001630472-24-000007.txt

## Key facts
- Earnings Releases
  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
  source text: TPG RE Finance Trust, Inc. Reports Operating Results for the Quarter and Full Year Ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630472/000163047224000007/0001630472-24-000007-index.htm

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