secwatch.observer — SEC 8-K summary
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Issuer:     TPG RE Finance Trust, Inc. (TRTX)
CIK:        0001630472
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001630472-26-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TRTX Q4 GAAP EPS $0.00, distributable earnings $0.24; full year EPS $0.57, dividend $0.96
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- Q4 GAAP net income to common $0.2M ($0.00/diluted); full year $45.5M ($0.57).
- Q4 Distributable Earnings $18.5M ($0.24); full year $76.8M ($0.97), covering $0.96 dividend.
- Book value per share $11.07, down $0.18 from Q3; CECL reserve $77.4M (180 bps).
- Originated $927M in Q4 loans, $1.9B in 2025; loan repayments $378M and $987.9M, respectively.
- Repurchased 3.2M shares for $25.3M in 2025; year-end liquidity $143M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630472/000163047226000005/0001630472-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630472/000163047226000005/trtx-20260217.htm
  HTML page:      https://secwatch.observer/filing/0001630472-26-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer