TRTX Q3 2024 Earnings Report

TRTX delivered strong operating earnings, outearned dividend by more than 115%, and had no risk rating migration while maintaining a stable CECL reserve.

Key Takeaways

TPG RE Finance Trust, Inc. reported GAAP net income attributable to common stockholders of $18.7 million, or $0.23 per common share, and Distributable Earnings of $23.0 million, or $0.28 per common share, for the quarter ended September 30, 2024. The company originated $204 million of new investments and received loan repayments of $149.3 million.

GAAP net income attributable to common stockholders was $18.7 million, or $0.23 per common share.

Distributable Earnings were $23.0 million, or $0.28 per common share.

Originated three first mortgage loans with total loan commitments of $204.0 million.

Received loan repayments of $149.3 million.

Total Revenue

$88.5M

Previous year: $97.5M

-9.2%

EPS

$0.28

Previous year: -$1.33

-121.1%