other material
confidence high
sentiment neutral
materiality 0.65
TRTX Q3 GAAP EPS $0.23, distributable EPS $0.25; $3.7B loan portfolio 100% performing
TPG RE Finance Trust, Inc.
- GAAP net income per diluted share $0.23; distributable earnings $0.25; Q3 common dividend $0.24.
- Loan portfolio $3.7B, 100% performing; weighted avg LTV 66.2%, debt/equity 2.6x.
- Q3 originations $279.2M at SOFR+3.22% and 64.9% LTV; repayments $415.8M.
- Book value $11.25/share; annualized dividend yield 10.7% based on $8.94 Nov 14 close.
- Path to growth: potential incremental distributable earnings $0.03–$0.06/qtr if leverage increases.