TRTX Q3 2020 Earnings Report

Reported operating results with increased net interest margin and strategic financing of hotel portfolio.

Key Takeaways

TPG RE Finance Trust reported GAAP net income attributable to common stockholders of $30.8 million, or $0.39 per diluted common share. The company increased its net interest margin and completed a strategic financing of its hotel portfolio on a non-mark-to-market basis for the next two years.

GAAP net income attributable to common stockholders was $30.8 million, or $0.39 per diluted common share.

Net interest margin increased to $48.4 million.

Maintained an allowance for expected credit loss of $59.3 million.

Completed a strategic financing of hotel portfolio on a non-mark-to-market basis for the next two years.

Total Revenue

$48.5M

Previous year: $44.6M