Welcome to our dedicated page for Tpg Re Finance T news (Ticker: TRTX), a resource for investors and traders seeking the latest updates and insights on Tpg Re Finance T stock.
TPG RE Finance Trust, Inc. (NYSE: TRTX) is a commercial real estate finance company that publicly reports on its activities through regular press releases and SEC filings. News about TRTX focuses on its portfolio of primarily first mortgage loans secured by institutional properties in primary and select secondary markets in the United States, as well as on its capital markets transactions and corporate actions.
Investors following TRTX news can expect updates on quarterly operating results, including GAAP net income attributable to common stockholders, book value per common share, Distributable Earnings, and detailed loan portfolio metrics such as originations, repayments, loan-to-value ratios, and risk ratings. Earnings releases also describe loan activity across property types such as multifamily, hotel, industrial, and life science, along with information on liquidity, borrowings, and credit loss allowances.
TRTX’s news flow also highlights dividend declarations on its common stock and its 6.25% Series C Cumulative Redeemable Preferred Stock, with announcements specifying per-share amounts and record and payment dates. In addition, the company issues news regarding its share repurchase programs, including board authorization of new programs and the utilization of previously authorized capacity.
Another key area of coverage is TRTX’s Commercial Real Estate Collateralized Loan Obligation (CRE CLO) activity. Press releases describe the pricing and closing of CLOs such as TRTX 2025-FL7, including the size of the transaction, classes of notes issued, expected reinvestment periods, and the use of proceeds to finance commercial real estate collateral interests and refinance existing structures.
Corporate governance and leadership changes, such as the appointment of new directors and transitions in the chief financial officer role, are also reported through news releases and related 8-K filings. For investors and analysts, the TRTX news stream provides insight into the company’s loan origination pipeline, financing strategy, dividend practices, and board and management developments. Bookmarking this page allows readers to monitor ongoing disclosures and announcements that the company makes available to the market.
TPG RE Finance Trust (NYSE: TRTX) reported Q1 2021 results with a net income of $24.2 million, or $0.30 per diluted share. The company declared a dividend of $0.20 per share, paid on April 23, 2021. Total liquidity at quarter-end stood at $632.9 million. The net interest margin decreased to $37.9 million, down 6.6% from the previous quarter. TRTX closed a $1.25 billion CRE CLO and is focused on managing its capital structure effectively. The company aims to maintain growth through quality loan origination.
TPG RE Finance Trust, Inc. (NYSE: TRTX) will release its financial results for the first quarter of 2021 and file its Form 10-Q after the market closes on May 4, 2021. The company will host a conference call on May 5, 2021, at 10:00 a.m. ET to discuss these results with investors. Interested parties can access the conference call by dialing provided numbers or through a webcast on the company’s investor relations website. A replay of the call will be available until May 19, 2021.
TPG RE Finance Trust (NYSE: TRTX) announced the closing of TRTX 2021-FL4, a $1.25 billion Commercial Real Estate Collateralized Loan Obligation (CRE CLO). The deal secured $1.04 billion in investment-grade bonds, enabling non-recourse, non-mark-to-market financing. With a two-year reinvestment period, the CLO features a ramp for future loan originations and an interest rate of LIBOR plus 1.60%. TRTX has now issued four CRE CLOs totaling $4.4 billion since January 2018, enhancing its non-recourse debt to approximately 84% of funded debt.
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.
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