TRTX Q2 2024 Earnings Report

Reported operating results, generating Distributable Earnings of $0.28 per share and maintaining ample liquidity.

Key Takeaways

TPG RE Finance Trust reported strong investment portfolio performance, generating Distributable Earnings of $0.28 per share, representing a dividend coverage ratio of 1.2x. The company maintained ample liquidity of $389 million and a conservative debt-to-equity ratio of 2:1.

Recognized GAAP net income attributable to common stockholders of $21.0 million, or $0.26 per common share.

Generated Distributable Earnings of $22.3 million, or $0.28 per common share.

Ended the quarter with $389.4 million of near-term liquidity.

Weighted average risk rating of the Company’s loan portfolio was 3.0 as of June 30, 2024, unchanged from March 31, 2024.

Total Revenue

$89.7M

Previous year: $32.6M

+174.7%

EPS

$0.28

Previous year: -$0.18

-255.6%