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Mar 31, 2020
TRTX Q1 2020 Earnings Report
Reported operating results with a GAAP net loss attributable to common stockholders of $233.1 million.
Key Takeaways
TPG RE Finance Trust, Inc. reported its operating results for the quarter ended March 31, 2020. The company generated a GAAP net loss attributable to common stockholders of $233.1 million, or $(3.05) per diluted common share. The complete divestiture of their securities portfolio demonstrates their commitment to defending their balance sheet to enable them to serve their borrowers and lenders, weather this storm, and maximize value for shareholders.
GAAP net loss attributable to common stockholders was $233.1 million, or $(3.05) per diluted common share.
Net interest margin on investments increased to $43.3 million from $37.2 million.
Closed five new loan commitments totaling $437.4 million.
Sustained losses on CRE debt securities of $203.5 million.
Forward Guidance
Despite strong loan originations through early March, the COVID-19 pandemic presents real challenges to TRTX, and to the commercial real estate industry.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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