TPG INC Stock Price, News & Analysis

TPG Capital has appointed Peter Munzig as Partner and Head of Business Services. Munzig, with 17 years at General Atlantic, will oversee investment activities in technology-enabled services that enhance enterprise outcomes globally. His prior experience includes investment banking at Goldman Sachs. TPG, founded in 1992, manages $127 billion in assets and invests across five sectors, including business services. Munzig's expertise is expected to bolster TPG's investment strategy in a rapidly evolving market.

TPG Inc. reported significant growth in its second quarter 2022 results with total assets under management reaching $127 billion, up 17% from $108 billion in 2021. The company achieved a net income of $31 million for the six months ended June 30, 2022, and Fee-Related Earnings doubled to $102 million.

After-tax Distributable Earnings soared to $162 million, or $0.46 per share, marking over a tripling compared to the prior year. A quarterly dividend of $0.39 was also announced.

TPG RE Finance Trust (NYSE: TRTX) reported a GAAP net loss of $(8.8) million or $(0.11) per share for Q2 2022, with a book value of $16.03. The company declared a cash dividend of $0.24 per common share. During the quarter, TRTX originated seven first mortgage loans totaling $380.3 million and received loan repayments of $757.0 million. As of June 30, 2022, the company had $771.7 million in liquidity and a significant increase in the allowance for credit losses, now at $93.4 million.

On July 28, 2022, funds managed by Oaktree Capital Management and MG Properties acquired The Platform Urban Apartments in San Jose, CA, a 551-unit community. The transit-oriented, mixed-use development includes 35,000 sq. ft. of retail space and was completed in 2019. With a strong employment growth driven by global tech companies in the Bay Area, the acquisition is seen as timely. TPG RE Finance Trust, part of TPG, financed the transaction. The partnership is expected to leverage continued economic recovery post-pandemic.

TPG RE Finance Trust (NYSE: TRTX) announced it will release its Q2 2022 financial results on August 2, 2022, after market close. A conference call is scheduled for August 3, 2022, at 10:00 a.m. ET to discuss these results. Investors can access the call via telephone or through the company’s webcast. A replay of the call will be available until August 17, 2022. TPG RE Finance Trust focuses on originating and managing first mortgage loans secured by commercial properties.

TPG Inc. (NASDAQ: TPG) will release its financial results for Q2 2022 before the market opens on August 9, 2022. A conference call is scheduled for 11:00 a.m. ET, accessible via dial-in or webcast. With $120 billion in assets under management, TPG operates globally across five investment platforms, leveraging collaboration and innovation to deliver value to investors and communities.

TPG Inc. has appointed Gunther Bright as an independent director of its Board, effective July 1, 2022. Bright, with nearly 30 years of experience at American Express, brings substantial expertise in business transformation and growth. TPG's leadership expressed confidence that Bright's skills will enhance the company's strategic positioning in the alternative asset management space. TPG, founded in 1992 with $120 billion in assets under management, focuses on innovation and collaboration across various investment platforms.

TPG RE Finance Trust (NYSE: TRTX) has declared a cash dividend of $0.24 per share for Q2 2022, payable on July 25, 2022. Stockholders must be on record by June 28, 2022 to qualify. The company, focusing on commercial real estate, primarily manages first mortgage loans secured by institutional properties in key U.S. markets. This dividend reflects the company's commitment to returning income to shareholders amid ongoing market conditions influenced by pandemic-related uncertainties.

TPG RE Finance Trust, Inc. (NYSE: TRTX) has declared a cash dividend of $0.3906 per share for its 6.25% Series C Cumulative Redeemable Preferred Stock. This dividend is payable on June 30, 2022, to stockholders on record as of June 20, 2022. The company specializes in originating and managing first mortgage loans secured by institutional properties across the U.S., contributing to its ongoing commitment to delivering value to shareholders.