secwatch.observer — SEC 8-K summary
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Issuer:     TPG RE Finance Trust, Inc. (TRTX)
CIK:        0001630472
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0001630472-24-000017
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TRTX provides Q1 2024 investor update; GAAP EPS $0.17, distributable EPS $0.30, book value $11.81
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- Q1 2024 GAAP net income $13.1M ($0.17/diluted share); Distributable earnings $23.3M ($0.30/diluted share).
- Loan portfolio $3.5B, 100% performing, weighted avg risk rating 3.0; no non-performing loans.
- Office loan commitments reduced 68% since 12/31/21 to $722.9M; multifamily exposure up 10%.
- CECL reserve $74.1M, up $4.4M QoQ; no specifically identified loans at quarter-end.
- Available liquidity $370.7M; Debt-to-Equity 2.2x; 77.1% non-mark-to-market financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630472/000163047224000017/0001630472-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630472/000163047224000017/trtx-20240603.htm
  HTML page:      https://secwatch.observer/filing/0001630472-24-000017

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