---
schema_version: "secwatch.filing_event.v1"
accession: "0001630472-25-000014"
form_type: "8-K"
ticker: "TRTX"
cik: "0001630472"
company_name: "TPG RE Finance Trust, Inc."
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T03:51:13.924197+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# TRTX Q1 2025 GAAP EPS $0.12, Distributable EPS $0.24, dividend covered

## Summary
- 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.

## SEC filing metadata
- accession: 0001630472-25-000014
- form_type: 8-K
- ticker: TRTX
- cik: 0001630472
- company_name: TPG RE Finance Trust, Inc.
- filed_at: 2025-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630472/000163047225000014/0001630472-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630472/000163047225000014/trtx-20250429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001630472-25-000014
- JSON: https://secwatch.observer/filing/0001630472-25-000014.json
- Plain text: https://secwatch.observer/filing/0001630472-25-000014.txt

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