earnings
confidence high
sentiment neutral
materiality 0.65
TPG RE Finance Trust Q1 net income $13.1M ($0.17/shr), declares $0.24 dividend, approves $25M buyback
TPG RE Finance Trust, Inc.
2024-Q1 EPS reported
$0.17
- GAAP net income attributable to common stockholders of $13.1M, or $0.17 per diluted share.
- Book value per share $11.81; declared cash dividend of $0.24 per common share.
- Board approved $25M common stock repurchase program on April 25, 2024.
- Originated $116.3M in new loans; received $227.8M in repayments during Q1.
- Allowance for credit losses increased to $74.1M (210 bps) from $69.8M.