---
schema_version: "secwatch.filing_event.v1"
accession: "0001630472-25-000031"
form_type: "8-K"
ticker: "TRTX"
cik: "0001630472"
company_name: "TPG RE Finance Trust, Inc."
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T01:56:38.120052+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TRTX Q3 2025: GAAP Net Income $18.4M ($0.23/sh), Distributable Earnings $0.25/sh, Book Value $11.25

## Summary
- GAAP net income $18.4M ($0.23/diluted share); distributable earnings $19.9M ($0.25/share).
- Book value per share $11.25, up from $11.20 at June 30; declared $0.24 common dividend.
- Originated $279.2M in loan commitments; loan portfolio 100% performing; CECL reserve 176 bps.
- Repurchased 1.1M shares for $9.3M; new $25M share repurchase program approved.
- Subsequent: closed $196.5M loans in Oct; priced $1.1B CLO TRTX 2025-FL7 expected to close Nov 17.

## SEC filing metadata
- accession: 0001630472-25-000031
- form_type: 8-K
- ticker: TRTX
- cik: 0001630472
- company_name: TPG RE Finance Trust, Inc.
- filed_at: 2025-10-28T23:59:59+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/1630472/000163047225000031/0001630472-25-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630472/000163047225000031/trtx-20251028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001630472-25-000031
- JSON: https://secwatch.observer/filing/0001630472-25-000031.json
- Plain text: https://secwatch.observer/filing/0001630472-25-000031.txt

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