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. 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 (TRTX) reported its Q4 and full-year 2024 results, demonstrating solid performance with full-year earnings covering its annual dividend of $0.96 per share. The company ended 2024 with $321 million in cash and near-term liquidity, maintaining a 100% performing loan portfolio.
In Q4 2024, TRTX achieved GAAP net income of $6.9 million ($0.09 per share) and originated $242 million in new loans. The company's book value per share stood at $11.27. For full-year 2024, TRTX reported net income of $59.7 million ($0.75 per share) and originated $562.3 million in loans with a weighted average loan-to-value ratio of 63.1%.
The company's CECL reserve decreased by $5.3 million to $64.0 million in Q4, representing 187 basis points of total loan commitments. Non-mark-to-market borrowings comprised 77.0% of total borrowings at year-end.
TPG RE Finance Trust (TRTX) has scheduled its fourth quarter and full year 2024 earnings release for Tuesday, February 18, 2025, after market close. The company will hold a conference call and webcast to discuss the results on Wednesday, February 19, 2025, at 9:00 a.m. ET.
Investors can access the conference call from the United States and Canada by dialing +1 (877) 407-9716, while international callers should use +1 (201) 493-6779. A webcast will be available on the company's investor relations website. A replay will be accessible through March 5, 2025, using domestic number +1 (844) 512-2921 or international number +1 (412) 317-6671 with passcode 13751074.
TPG RE Finance Trust (NYSE: TRTX) has announced the tax treatment of its 2024 dividends for both common stock and 6.25% Series C Preferred Stock. For common stockholders, the company distributed $1.20 per share throughout 2024, consisting of $0.796 as ordinary income and $0.164 as non-dividend distribution, with quarterly payments of $0.24 per share.
For Series C Preferred stockholders, TRTX distributed $1.5624 per share in 2024, entirely classified as ordinary income, paid in quarterly installments of $0.3906. The ordinary income dividends qualify for the 20% deduction applicable to 'qualified REIT dividends' under IRC Section 199A.
TPG RE Finance Trust (NYSE: TRTX) has announced its fourth quarter 2024 dividend. The company's Board of Directors declared a cash dividend of $0.24 per share of common stock. The dividend will be paid on January 24, 2025 to shareholders of record as of December 27, 2024.
TPG RE Finance Trust (NYSE: TRTX) has announced a quarterly cash dividend for its Series C Preferred Stock holders. The company's Board of Directors declared a dividend of $0.3906 per share of 6.25% Series C Cumulative Redeemable Preferred Stock for the fourth quarter of 2024. The dividend will be paid on December 30, 2024, to shareholders of record as of December 20, 2024.
TPG RE Finance Trust (TRTX) reported strong Q3 2024 results with GAAP net income of $18.7 million ($0.23 per share) and Distributable Earnings of $23.0 million ($0.28 per share). The company originated three first mortgage loans totaling $204.0 million commitments with a weighted average interest rate of Term SOFR plus 3.17%. Book value per share was $11.41. The company maintained stable credit quality with an unchanged weighted average risk rating of 3.0 and reduced allowance for credit losses to $69.3 million. TRTX ended the quarter with $357.0 million in near-term liquidity and increased non-mark-to-market financings to 79.7% of total borrowings.
TPG RE Finance Trust, Inc. (NYSE: TRTX) has announced the dates for its third quarter 2024 earnings release and conference call. The company will release its financial results and file its Form 10-Q and earnings supplemental after the market close on Tuesday, October 29, 2024. A conference call and webcast to review the financial results will be held at 9:00 a.m. ET on Wednesday, October 30, 2024.
Participants can join the call by dialing +1 (877) 407-9716 from the US and Canada, or +1 (201) 493-6779 internationally. The webcast will be accessible on the company's investor relations website. A replay of the call will be available from 12:00 p.m. ET on October 30, 2024, through 11:59 p.m. ET on November 13, 2024, using the passcode 13745416.
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 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.