TRTX Q4 2019 Earnings Report

Generated GAAP net income attributable to common stockholders of $32.6 million, or $0.44 per diluted common share, based on a weighted average share count of 74.5 million common shares

Closed seven new loan commitments totaling $653.7 million, with an average loan size of $93.4 million, an initial unpaid principal balance of $561.1 million, a weighted average credit spread of 290 bps, and a weighted average loan-to-value of 61.7%

Closed TRTX 2019-FL3, a $1.2 billion managed CRE CLO with a 24-month reinvestment period and a weighted average interest rate at issuance of LIBOR plus 1.44%, before transaction costs

Declared cash dividends of $32.8 million, or $0.43 per common share, representing an 8.7% annualized dividend yield based on a book value per common share of $19.78