TRTX Q4 2020 Earnings Report

Operating results for the fourth quarter and full year 2020 were reported.

Key Takeaways

TPG RE Finance Trust (TRTX) reported GAAP net income attributable to common stockholders of $6.6 million, with net income per diluted common share at $0.09. The company declared a cash dividend of $0.20 per share and a special cash dividend of $0.18 per share. They also acquired 27 acres on the Las Vegas Strip through a deed-in-lieu of foreclosure.

GAAP net income attributable to common stockholders was $6.6 million, with net income per diluted common share at $0.09.

Net interest margin narrowed to $40.6 million.

A cash dividend of $0.20 per share and a special cash dividend of $0.18 per share were declared.

Allowance for expected credit loss of $62.8 million was carried, up from the prior quarter.

Total Revenue

$40.6M

Previous year: $42.2M