TPG INC Stock Price, News & Analysis

TPG has signed an agreement to acquire a majority stake in Elite from Thomson Reuters for approximately US$500 million. This acquisition aims to enhance Elite's capabilities in providing practice management solutions to law firms, assisting them in automating financial workflows. The partnership is expected to fuel Elite's growth by allowing it to focus on digital transformations and innovations like AI.

Thomson Reuters will retain a minority stake and board representation, continuing its strategic support. The transaction is anticipated to close in Q2 2023, pending regulatory approvals.

TPG RE Finance Trust, Inc. (NYSE: TRTX) announced a cash dividend of $0.24 per share for Q1 2023, declared on March 13 and payable on April 25 to shareholders of record as of March 29. The Company focuses on originating, acquiring, and managing first mortgage loans secured by institutional properties in the U.S. Market uncertainties, including inflation and interest rate changes, may affect future performance and loan origination capabilities. Shareholders are advised to examine the potential risks outlined in the Company’s 10-K report.

TPG RE Finance Trust, Inc. (NYSE: TRTX) announced a cash dividend of $0.3906 per share on its 6.25% Series C Cumulative Redeemable Preferred Stock for Q1 2023. This dividend is payable on March 30, 2023 to shareholders of record by March 20, 2023. The company is focused on originating, acquiring, and managing first mortgage loans secured by institutional properties across the U.S. Additionally, forward-looking statements in the press release highlight potential risks including economic conditions and the company's ability to originate loans.

TPG RE Finance Trust (NYSE: TRTX) announced its operating results for Q4 2022, reporting a GAAP net income of $32.6 million or $0.42 per share. The company declared a cash dividend of $0.24 per share on December 9, 2022. For the full year, TRTX reported a net loss of ($73.6) million, or (0.95) per share, and declared total cash dividends of $75.1 million. With $590.9 million in total liquidity, the company is positioned to pursue opportunities in the commercial real estate market. CEO Doug Bouquard expressed optimism for 2023 due to stable asset management resolutions.

TPG Inc. reported its fourth quarter and full-year results for 2022, achieving total assets under management of $135 billion, a 19% increase from $114 billion in 2021. The net income stood at $24 million for Q4 and $92 million for the year, translating to $0.28 and $1.10 per share, respectively. Fee-Related Earnings reached $139 million in Q4 and $454 million for the year, with margins of 45% and 42%. A quarterly dividend of $0.50 per share was declared. CEO Jon Winkelried highlighted strong financial performance despite market challenges.

TPG RE Finance Trust (TRTX) will release its fourth quarter and full year 2022 financial results and file its Form 10-K on February 21, 2023, after market close. A conference call and webcast to discuss these results will take place on February 22, 2023, at 10:00 a.m. ET. Interested parties can join the call by dialing the provided numbers and can access the webcast via the company’s investor relations website.

A replay of the call will be available from 1:00 p.m. ET, February 22, until March 8, 2023. The company specializes in commercial real estate finance, focusing on first mortgage loans.

TPG RE Finance Trust, Inc. (NYSE: TRTX) announced the income tax treatment for dividends paid to its common and Series C Preferred Stockholders for the year ending December 31, 2022. The company reported total cash distributions of $0.9600 per share for common stock and $1.5624 per share for Series C Preferred Stock. Notably, dividends are eligible for a 20% deduction under IRC Section 199A. Record dates for dividends ranged from March 29, 2022, to December 29, 2022, with corresponding payment dates up to January 25, 2023. Shareholders are encouraged to consult tax advisors for specific treatments.

TPG Inc. (NASDAQ: TPG) is set to announce its financial results for Q4 and the full year ending December 31, 2022, before market open on February 15, 2023. The firm, based in San Francisco, manages $135 billion in assets and focuses on five platforms: Capital, Growth, Impact, Real Estate, and Market Solutions. A conference call will follow the announcement at 11:00 a.m. ET, accessible via phone or webcast on TPG's Investor Relations website. This event marks an important update for investors tracking TPG's financial health and strategic initiatives.

TPG has launched the inaugural TPG NEXT Fund to support underrepresented alternative asset managers, anchored by a $500 million commitment from CalPERS. The fund aims to empower diverse talent by providing access to capital and strategic advisory support. TPG's initiative intends to align the asset management industry with demographic trends, fostering inclusivity. The firm also plans to enhance networking opportunities and practical resources for emerging investment leaders. TPG's global impact investing platform now totals $16 billion.