---
schema_version: "secwatch.filing_event.v1"
accession: "0001630472-26-000018"
form_type: "8-K"
ticker: "TRTX"
cik: "0001630472"
company_name: "TPG RE Finance Trust, Inc."
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T02:52:16.069427+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# TRTX Q1 GAAP EPS $0.19, Distributable EPS $0.25; out-earned dividend

## Summary
- GAAP net income $15.2M ($0.19/diluted share); Distributable Earnings $19.5M ($0.25/diluted share), above $0.24 common dividend.
- Book value per share $11.06, essentially flat vs $11.07 at Dec 31, 2025; declared $0.24/share common dividend paid Apr 24.
- Originated $148.4M in two floating-rate loans at SOFR+2.73%, 63% LTV; portfolio 100% performing with office exposure below 5%.
- Liquidity $172.8M; Q1 repurchased 556,592 shares at avg $8.06 ($4.5M); subsequent $4.0M buyback through Apr 24.
- Post-quarter closed $175.4M loan and received $262.3M in office loan repayments; CECL reserve stable at $77.1M (179 bps).

## SEC filing metadata
- accession: 0001630472-26-000018
- form_type: 8-K
- ticker: TRTX
- cik: 0001630472
- company_name: TPG RE Finance Trust, Inc.
- filed_at: 2026-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1630472/000163047226000018/0001630472-26-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630472/000163047226000018/trtx-20260428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001630472-26-000018
- JSON: https://secwatch.observer/filing/0001630472-26-000018.json
- Plain text: https://secwatch.observer/filing/0001630472-26-000018.txt

## Key facts
- Earnings Releases
  TPG RE Finance Trust, Inc. reported the quarter ended March 31, 2026 results: net income $15.2 million, EPS $0.19 per common share.
  - Period: the quarter ended March 31, 2026
  - Net income: $15.2 million
  - EPS: $0.19 per common share
  - Result: reported results
  source text: Recognized GAAP net income attributable to common stockholders of $15.2 million, or $0.19 per common share, based on a diluted weighted average share count of 79.1 million common shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630472/000163047226000018/0001630472-26-000018-index.htm

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