earnings
confidence high
sentiment positive
materiality 0.75
TRTX Q4 GAAP EPS $0.09, full year $0.75; out-earned $0.96 dividend; liquidity $321M; facility expanded
TPG RE Finance Trust, Inc.
2024-FY EPS reported
$0.75
- Q4 GAAP net income $6.9M ($0.09/diluted share); full year $59.7M ($0.75/share).
- Distributable Earnings per share $0.10 Q4, $0.96 full year; out-earned $0.96 annual dividend.
- Book value $11.27/share; originated $242M loans in Q4, $562M full year; 100% performing portfolio.
- CECL reserve down to $64M (187 bps) from $69.3M; credit loss expense $4.6M in Q4.
- Post-Q4: extended revolver to $375M from $290M, maturity Feb 2028; liquidity $320.8M.