Tpg Re Finance T Stock Price, News & Analysis

TPG RE Finance Trust, Inc. (NYSE: TRTX) announced the pricing of a $1.25 billion commercial real estate collateralized loan obligation (CRE CLO) on March 25, 2021. The Company successfully placed $1.04 billion in investment-grade bonds, securing term financing on a non-mark-to-market, non-recourse basis. The 2021-FL4 deal features an 83% advance rate and a two-year reinvestment period with a weighted average interest rate of LIBOR plus 1.60%. This transaction is set to close on March 31, 2021, pending customary conditions. Since 2018, TRTX has issued CRE CLOs totaling $4.4 billion, increasing its non-mark-to-market debt to approximately 84%.

TPG RE Finance Trust (TRTX) declared a cash dividend of $0.20 per share for common stock and $0.68 per share for Series B Preferred Stock on March 15, 2021. The common stock dividend will be paid on April 23, 2021, to stockholders of record as of March 26, 2021, while the Series B Preferred dividend will be paid on March 31, 2021. The company focuses on originating and managing first mortgage loans secured by institutional properties across the U.S.

TPG RE Finance Trust (NYSE: TRTX) announced that President Matthew Coleman will present at the Citi 2021 Virtual Global Property CEO Conference on March 9, 2021, at 5:00 PM ET. This conference will include virtual meetings with investors. A live audio webcast of the presentation will be available on TRTX's Investor Relations website, with a replay accessible after the event. TPG RE Finance Trust specializes in originating, acquiring, and managing first mortgage loans secured by institutional properties across the U.S.

TPG RE Finance Trust (NYSE: TRTX) reported Q4 and full-year 2020 results with a net income of $6.6 million in Q4, contrasted by a net loss of $155.5 million for the full year. The company's diluted EPS for Q4 was $0.09, while the book value per share stood at $16.50. Notably, net interest margin decreased by 16.1% to $40.6 million due to a decline in loan balances. The company declared total dividends of $93.6 million for the year. Additionally, an increase in credit loss reserves to $62.8 million highlights potential challenges ahead.

TPG RE Finance Trust (NYSE: TRTX) announced the retirement of CEO Greta Guggenheim effective March 31, 2021. Matthew Coleman, the current President, will take over daily management immediately. The Board will begin searching for a new CEO to lead the next growth phase. Guggenheim will serve as a Senior Advisor during the transition. Coleman brings extensive experience, having been with TRTX since its inception. He aims to continue the company's strategic focus and growth objectives, ensuring long-term value for shareholders.

TPG RE Finance Trust, Inc. (NYSE: TRTX) announced it will release its financial results for Q4 and the full year ended December 31, 2020, after market close on February 24, 2021. A conference call and webcast are scheduled for February 25, 2021, at 8:30 a.m. ET to discuss the results. Investors can access the call via dial-in or through the Company's investor relations website. A replay will be available until March 11, 2021.

TRTX specializes in originating, acquiring, and managing first mortgage loans secured by commercial properties in the U.S.

TPG RE Finance Trust (NYSE: TRTX) announced the income tax treatment of its 2020 common stock dividends. Total distributions per share amounted to $1.2100, with ordinary income qualifying for a 20% deduction under IRC Section 199A. Important dates include record dates of June 15, June 26, September 25, and December 28, 2020, with payment dates extending from July 14, 2020, to January 22, 2021. Shareholders should consult tax advisors regarding their specific tax treatment of dividends.

TPG RE Finance Trust (NYSE: TRTX) announced a cash dividend of $0.20 per share for Q4 2020, along with a special cash dividend of $0.18 per share, totaling approximately $14.0 million. Both dividends will be payable on January 22, 2021, to stockholders of record by December 28, 2020. Additionally, a $0.69 cash dividend per share of Series B Preferred Stock is declared, payable on December 31, 2020. These dividends reflect TRTX's commitment to returning value to shareholders amidst financial uncertainties.

TPG RE Finance Trust (TRTX) reported its Q3 2020 financial results, showing a GAAP net income of $30.8 million, with a net income per diluted share of $0.39. The company achieved a net interest margin of $48.4 million, up by 8.8% year-over-year, primarily due to reduced borrowing costs. An allowance for expected credit loss increased to $59.3 million. A key event post-quarter-end was a $112.0 million loan default on October 9, 2020. The company closed a substantial $249.5 million secured credit facility, enhancing liquidity and solidifying its balance sheet.