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TPG RE Finance Trust, Inc. reports recurring developments as a commercial real estate finance company focused on originating, acquiring and managing primarily first mortgage loans secured by institutional properties in primary and select secondary U.S. markets. The company is externally managed by TPG RE Finance Trust Management, L.P., part of TPG Real Estate.
TRTX news commonly covers quarterly and annual operating results, loan originations and repayments, portfolio performance, collateral mix, liquidity, borrowings and dividend actions. Updates also include common stock dividends, 6.25% Series C Cumulative Redeemable Preferred Stock dividends, dividend tax treatment, earnings release schedules and conference call materials tied to its commercial mortgage portfolio.
TPG RE Finance Trust, Inc. (NYSE: TRTX) has announced its third-quarter 2021 financial results will be released after market close on November 2, 2021. The company will also file its Form 10-Q and earnings supplemental at this time. Following the release, a conference call will take place on November 3, 2021, at 10:00 a.m. ET, to discuss the financial results with investors. For those unable to attend, a replay will be available from 1:00 p.m. ET on November 3 through November 17.
TPG RE Finance Trust, Inc. (NYSE: TRTX) announced its participation in the Bank of America Merrill Lynch 2021 Global Real Estate Virtual Conference on September 21, 2021. Senior management will engage with investors during virtual meetings. Interested parties can access the presentation on TRTX’s Investor Relations website at http://investors.tpgrefinance.com/event. TPG RE Finance Trust focuses on originating, acquiring, and managing first mortgage loans secured by institutional properties across the U.S.
TPG RE Finance Trust, Inc. (NYSE: TRTX) declared a cash dividend of $0.24 per share for Q3 2021, payable on October 22, 2021, to stockholders on record as of September 29, 2021. Additionally, a dividend of $0.4601 per share for its Series C Preferred Stock will be paid on September 30, 2021, for stockholders on record as of September 20, 2021. The company focuses on originating and managing first mortgage loans for institutional properties in the U.S.
TPG RE Finance Trust (TRTX) reported a GAAP net income of $32.4 million for Q2 2021, a slight increase from the previous quarter. The net interest margin rose to $39.9 million, up 5.3%. However, the company posted a net loss attributable to common stockholders of $21.0 million. TRTX issued 8.05 million shares of its 6.25% Series C preferred stock, raising $194.4 million. The company repaid its 11.0% Series B stock, costing $247.5 million. Loan origination activity remained robust, with total commitments of $752.5 million during the quarter.
TPG RE Finance Trust, Inc. (NYSE: TRTX) will release its financial results for Q2 2021 on August 3, 2021, after market close. The company will also file its Form 10-Q and earnings supplemental on the same day. A conference call to discuss the results is scheduled for August 4, 2021, at 10:00 a.m. ET, accessible via phone and webcast. A replay of the call will be available until August 18, 2021. TRTX specializes in originating, acquiring, and managing first mortgage loans secured by institutional properties in the U.S.
TPG RE Finance Trust (NYSE: TRTX) announced the redemption of all 9,000,000 shares of its 11% Series B Cumulative Redeemable Preferred Stock for approximately $247.5 million. Following this redemption, no dividends will accrue or be declared on these shares, and none remain outstanding. This move is part of the company's broader strategy as a commercial real estate finance firm, focusing on originating and managing mortgage loans secured by institutional properties in key U.S. markets.
TPG RE Finance Trust (NYSE: TRTX) declared a cash dividend of $0.20 per share for Q2 2021, payable on July 23, 2021, to stockholders of record as of June 28, 2021. Additionally, a dividend of $0.69 per share for its Series B Cumulative Redeemable Preferred Stock will be paid on June 16, 2021, to stockholders of record as of June 15, 2021. TRTX focuses on originating and managing first mortgage loans secured by institutional properties in key U.S. markets.
TPG RE Finance Trust (NYSE: TRTX) announced its participation in the 2021 Nareit REITweek Virtual Investor Conference on June 9. The Company will host virtual meetings with investors, and President Matthew Coleman will engage in a fireside chat at 4:00 PM ET, facilitated by Stephen Laws of Raymond James. A live audio webcast of the presentation will be available on the TRTX Investor Relations website, with a replay accessible post-event.
As a commercial real estate finance company, TRTX focuses on first mortgage loans secured by institutional properties across the U.S.
TPG RE Finance Trust, Inc. (TRTX) announced the pricing of a public offering of 7,000,000 shares of its 6.25% Series C Cumulative Redeemable Preferred Stock at $25.00 per share, potentially raising $175 million. Underwriters have a 30-day option for an additional 1,050,000 shares. Proceeds will fund the redemption of all outstanding Series B Preferred Stock. The offering, closing on June 14, 2021, is expected to enhance TRTX's capital structure by replacing older preferred stock.
TPG RE Finance Trust, Inc. (NYSE: TRTX) has announced a public offering of its Series C Cumulative Redeemable Preferred Stock priced at $25.00 per share. The funds raised will be used to partially redeem outstanding Series B Cumulative Redeemable Preferred Stock. TRTX plans to apply for its Series C Preferred Stock to be listed on the NYSE under the symbol 'TRTX PRC.' Raymond James & Associates and TPG Capital BD are the joint book-running managers for this offering, which will be conducted under an existing shelf registration statement with the SEC.