secwatch.observer — SEC 8-K summary
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Issuer:     TPG RE Finance Trust, Inc. (TRTX)
CIK:        0001630472
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001630472-24-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630472/000163047224000007/0001630472-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630472/000163047224000007/trtx-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001630472-24-000007

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