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Sep 30, 2023
TRTX Q3 2023 Earnings Report
Reported operating results for Q3 2023, including a net loss attributable to common stockholders.
Key Takeaways
TPG RE Finance Trust reported a GAAP net loss attributable to common stockholders of $64.6 million, or $0.83 per common share, for the quarter ended September 30, 2023. They originated one first mortgage loan with a total loan commitment of $43.6 million and received loan repayments of $297.0 million. The company sold two loans resulting in losses and acquired a multifamily property through foreclosure.
Recognized GAAP net (loss) attributable to common stockholders of ($64.6) million, or ($0.83) per common share.
Originated one first mortgage loan with a total loan commitment of $43.6 million.
Received loan repayments of $297.0 million.
Ended the quarter with $570.6 million of total liquidity.
Revenue by Segment
Forward Guidance
The company believes that its strong liquidity position, stable capital structure and the depth and breadth of the TPG real estate platform will enable TRTX to benefit from an attractive future investment environment.
Positive Outlook
- Strong liquidity position
- Stable capital structure
- Depth and breadth of the TPG real estate platform
- Benefit from an attractive future investment environment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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