earnings
confidence high
sentiment positive
materiality 0.75
TRTX Q3 GAAP EPS $0.23, Distributable EPS $0.28; dividend $0.24
TPG RE Finance Trust, Inc.
2024-Q3 EPS reported
$0.66
- GAAP net income $18.7M ($0.23/diluted share); book value $11.41/share at quarter-end.
- Distributable earnings $23.0M ($0.28/diluted share), covering dividend by >115%.
- Originated $204M in first mortgage loans; received $149.3M in repayments.
- Liquidity of $357M; non-mark-to-market financing 79.7% of borrowings.
- CECL reserve $69.3M (205 bps of commitments), down $0.3M from prior quarter.