earnings
confidence high
sentiment neutral
materiality 0.65
TRTX Q1 2025 GAAP EPS $0.12, Distributable EPS $0.24, dividend covered
TPG RE Finance Trust, Inc.
2025-Q1 EPS reported
$0.12
- GAAP net income $10.0M ($0.12/diluted share); Distributable Earnings $19.4M ($0.24/share).
- Book value per share $11.19; declared $0.24/common dividend, paid Apr 25, 2025.
- Credit loss expense $3.4M; allowance for credit losses $67.2M (199 bps of commitments).
- Issued $1.1B CRE CLO (TRTX 2025-FL6); extended revolver to Feb 2028, capacity $375M.
- Repurchased ~379.9K shares at $8.36 avg; post-quarter 769.6K at $7.32.