TRTX Q2 2023 Earnings Report

Reported operating results, actively managed investment portfolio, and maintained a strong liquidity position.

Key Takeaways

TPG RE Finance Trust reported a GAAP net loss attributable to common stockholders of $72.7 million, or $0.94 per common share. The company received loan repayments of $279.1 million and sold an office loan for $47.8 million, resulting in a loss on sale of $24.1 million. They ended the quarter with $542.9 million in total liquidity.

GAAP net loss attributable to common stockholders was ($72.7) million, or ($0.94) per common share.

Book value per common share was $13.10 as of June 30, 2023.

Loan repayments of $279.1 million were received, including four full loan repayments totaling $236.0 million.

Ended the quarter with $542.9 million of total liquidity.

Total Revenue

$32.6M

Previous year: $38.6M