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.
The company did not provide specific forward guidance in this report.
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