---
schema_version: "secwatch.filing_event.v1"
accession: "0001630472-25-000034"
form_type: "8-K"
ticker: "TRTX"
cik: "0001630472"
company_name: "TPG RE Finance Trust, Inc."
filed_at: "2025-11-17T23:59:59+00:00"
generated_at: "2026-05-16T19:16:16.159446+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# TRTX Q3 GAAP EPS $0.23, distributable EPS $0.25; $3.7B loan portfolio 100% performing

## Summary
- 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.

## SEC filing metadata
- accession: 0001630472-25-000034
- form_type: 8-K
- ticker: TRTX
- cik: 0001630472
- company_name: TPG RE Finance Trust, Inc.
- filed_at: 2025-11-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630472/000163047225000034/0001630472-25-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630472/000163047225000034/trtx-20251117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001630472-25-000034
- JSON: https://secwatch.observer/filing/0001630472-25-000034.json
- Plain text: https://secwatch.observer/filing/0001630472-25-000034.txt

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