TPG INC Stock Price, News & Analysis

TPG Angelo Gordon, Dream Unlimited Corp., and Stadium Capital Partners have agreed to acquire a Dutch residential portfolio from European Residential REIT for approximately €695 million. The deal includes nearly 3,000 single-family and multifamily units across close to 90 sites in the Netherlands. The acquisition is expected to close by early next year, subject to customary conditions.

The investor group, leveraging their significant local market resources and expertise, will manage and operate the units. This transaction enhances TPG Angelo Gordon's substantial real estate presence in Europe, which spans 13 countries and involves over 50 European operating partners. The partnership aims to provide tenants with high-quality homes and best-in-class experiences, aligning with Dream's strategic focus on the residential sector.

TPG RE Finance Trust, Inc. (NYSE: TRTX) has announced a cash dividend of $0.24 per share for the third quarter of 2024. This dividend will be paid on October 25, 2024 to shareholders of record as of September 27, 2024. The declaration of this dividend by the Company's Board of Directors demonstrates TRTX's commitment to returning value to its shareholders and may indicate confidence in the company's financial stability and future prospects.

TPG RE Finance Trust (NYSE: TRTX) has announced a cash dividend of $0.3906 per share on its 6.25% Series C Cumulative Redeemable Preferred Stock for the third quarter of 2024. The dividend will be payable on September 30, 2024 to preferred stockholders of record as of September 20, 2024. This declaration by TRTX's Board of Directors demonstrates the company's commitment to providing regular returns to its preferred stockholders.

TPG, a global alternative asset management firm, has announced its participation in the Barclays Global Financial Services Conference. Todd Sisitsky, the company's President, is scheduled to present on Monday, September 9, 2024, at 12:00 p.m. ET.

The presentation will be accessible via a live audio webcast on TPG's website in the Investor Relations section. For those unable to attend the live event, a replay will be made available shortly after on the company's Events page.

This appearance at a major financial conference provides an opportunity for TPG to showcase its strategies and performance to a wide audience of industry professionals and potential investors.

TPG (NASDAQ: TPG) has announced a definitive agreement to sell PS, a private luxury terminal operator for commercial flights, to Groupe ADP, an international airport operator. PS, formerly known as The Private Suite, has served nearly 250,000 passengers since opening its first location at Los Angeles International Airport (LAX) in 2017. The company offers exclusive pre- and post-flight experiences, with additional locations at Hartsfield-Jackson Atlanta International Airport (ATL) and planned expansions to Dallas Fort Worth (DFW) and Miami (MIA) airports.

The acquisition by Groupe ADP is expected to facilitate PS's international expansion and enhance its service offerings. The transaction, subject to regulatory approvals, aligns with Groupe ADP's focus on hospitality and retail through its Extime brand. Financial terms were not disclosed.

TPG Inc. (NASDAQ: TPG) reported its Q2 2024 results, showcasing significant growth. Total assets under management reached $229 billion, a 65% increase year-over-year. Despite a GAAP net loss of $14 million, the company achieved strong Fee-Related Earnings of $201 million, up 60% from the previous year, with a 44% margin. After-tax Distributable Earnings were $207 million, or $0.49 per share. TPG declared a quarterly dividend of $0.42 per share of Class A common stock. CEO Jon Winkelried highlighted the firm's successful scaling and diversification across private equity, credit, and real estate, emphasizing strong investment performance and long-term value creation for investors.

TPG RE Finance Trust, Inc. (NYSE: TRTX) reported its Q2 2024 operating results. The company generated Distributable Earnings of $0.28 per share, representing a dividend coverage ratio of 1.2x. TRTX maintained $389 million in liquidity and a conservative debt-to-equity ratio of 2:1. Key highlights include:

- GAAP net income of $21.0 million, or $0.26 per common share
- Book value per common share of $11.40
- Declared cash dividend of $0.24 per share
- Received loan repayments of $186.1 million
- Weighted average risk rating of the loan portfolio remained at 3.0
- Allowance for credit losses decreased to $69.6 million
- Non-mark-to-market borrowings represented 78.7% of total borrowings

TRTX also closed a new $96.0 million first mortgage loan and received a full loan repayment of $33.9 million post-quarter.

TPG RE Finance Trust, Inc. (NYSE: TRTX) has announced its schedule for releasing second quarter 2024 financial results and hosting a conference call. The company will release its Q2 2024 earnings report and file Form 10-Q after market close on Tuesday, July 30, 2024. A conference call and webcast to discuss the results is scheduled for Wednesday, July 31, 2024, at 9:00 a.m. ET. Investors can join the call using specific dial-in numbers or access the webcast via the company's investor relations website. A replay of the call will be available until August 14, 2024, with both phone and online access options provided.

TPG, a global alternative asset management firm, will release its financial results for the second quarter of 2024 on August 6, 2024, before the market opens. A conference call will be held at 11:00 a.m. ET to discuss these results. Investors can join the call by dialing (800) 245-3047 (US toll-free) or (203) 518-9765 (international), using the conference ID TPGQ224. The call and a simultaneous webcast can be accessed through TPG's Investor Relations section. A replay of the webcast will be available on the company's website.