other material
confidence high
sentiment positive
materiality 0.65
TRTX posts 1Q26 distributable earnings $0.25/sh, book value $11.06, loan portfolio $4.3B
TPG RE Finance Trust, Inc.
- 1Q26 GAAP net income attributable to common stockholders $15.2M ($0.19 diluted EPS); distributable earnings $19.5M ($0.25 diluted EPS).
- Common dividend declared $0.24 per share; annualized dividend yield 11.4% based on May 29 close price $8.40.
- Loan portfolio $4.3B commitments, $4.1B UPB; weighted average all-in yield 7.10%, 99.6% floating rate, 100% performing.
- In May 2026, closed $400M Term Loan B and $100M corporate revolving credit facility.
- Book value per share $11.06, debt-to-equity 3.1x, liquidity $172.8M; CECL reserve $0.99 per share.