Loading...
•
Jun 30, 2020
TRTX Q2 2020 Earnings Report
Reported operating results for the quarter ended June 30, 2020.
Key Takeaways
TPG RE Finance Trust, Inc. reported a GAAP net income attributable to common stockholders of $40.1 million, resulting in a net income per diluted common share of $0.52. The book value per common share was $16.55 as of June 30, 2020.
Generated GAAP net income attributable to common stockholders of $40.1 million, or $0.52 per diluted common share.
Net interest margin increased to $44.2 million.
Issued and sold 9.0 million shares of 11.0% Series B Cumulative Redeemable Preferred Stock for $225.0 million.
Declared a dividend per common share of $0.20.
Forward Guidance
Management focused on strengthening the balance sheet and actively managing existing loan positions. The earnings capacity of the portfolio and its attractive net interest margin enabled the company to offset unusually high expenses this quarter, many of which were COVID-related.
Positive Outlook
- Strengthening balance sheet
- Actively managing existing loan positions
- Earnings capacity of portfolio
- Attractive net interest margin
- Repaid credit facilities by $157.7 million
Challenges Ahead
- Unusually high expenses
- Expenses were COVID-related
- Potential negative impacts of pandemics on the global economy
- Company’s ability to originate loans that are in the pipeline
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...