---
schema_version: "secwatch.filing_event.v1"
accession: "0001630472-25-000006"
form_type: "8-K"
ticker: "TRTX"
cik: "0001630472"
company_name: "TPG RE Finance Trust, Inc."
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T16:35:18.183285+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TRTX Q4 GAAP EPS $0.09, full year $0.75; out-earned $0.96 dividend; liquidity $321M; facility expanded

## Summary
- 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.

## SEC filing metadata
- accession: 0001630472-25-000006
- form_type: 8-K
- ticker: TRTX
- cik: 0001630472
- company_name: TPG RE Finance Trust, Inc.
- filed_at: 2025-02-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630472/000163047225000006/0001630472-25-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630472/000163047225000006/trtx-20250218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001630472-25-000006
- JSON: https://secwatch.observer/filing/0001630472-25-000006.json
- Plain text: https://secwatch.observer/filing/0001630472-25-000006.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.