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Sep 30, 2021
TRTX Q3 2021 Earnings Report
Reported operating results for the quarter ended September 30, 2021.
Key Takeaways
TPG RE Finance Trust reported a GAAP net income attributable to common stockholders of $26.0 million, with a net income per diluted common share of $0.32. The company closed seven new loans with total commitments of $482.9 million and received loan repayments of $460.4 million.
GAAP net income attributable to common stockholders was $26.0 million, with a net income per diluted common share of $0.32.
Declared a dividend of $0.24 per common share, an increase of $0.04 per common share or 20.0% from the second quarter of 2021.
Closed seven new loans with total commitments of $482.9 million.
Received loan repayments of $460.4 million, including three full loan repayments totaling $418.1 million.
Forward Guidance
Strong portfolio performance led to steady growth in Distributable Earnings, enabling TRTX to increase its dividend this quarter.
Positive Outlook
- Strong portfolio performance led to steady growth in Distributable Earnings.
- Dividend increased this quarter.
- $1.8 billion of originations year-to-date.
- Robust pipeline.
- Benefits from the global TPG platform.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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