Tpg Re Finance T Stock Price, News & Analysis

TPG RE Finance Trust, Inc. (NYSE: TRTX) has declared a cash dividend of $0.24 per share for Q1 2022, payable on April 25, 2022, to stockholders of record by March 29, 2022. The company focuses on originating and managing first mortgage loans secured by institutional properties in major U.S. markets. Investors should note potential risks, including uncertainties around loan origination and the effects of the COVID-19 pandemic on operations.

TPG RE Finance Trust, Inc. (NYSE: TRTX) announced a cash dividend of $0.3906 per share for its 6.25% Series C Cumulative Redeemable Preferred Stock, payable on March 30, 2022. The record date for this dividend is March 18, 2022. The company operates in the commercial real estate finance sector, focusing primarily on first mortgage loans secured by institutional properties in the U.S. TPG RE Finance Trust is managed externally by TPG RE Finance Trust Management, a division of TPG Real Estate.

TPG RE Finance Trust (NYSE: TRTX) announced its participation in the Citi 2022 Global Property CEO Conference during the week of March 6, 2022. Senior management, including President Matt Coleman, will hold investor meetings and lead a roundtable discussion. A live video webcast of the discussion will be accessible on the company's investor relations website, with a replay available shortly after the event.

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

TPG RE Finance Trust (NYSE: TRTX) reported strong Q4 and full-year 2021 results. The company achieved a net income of $41.4 million in Q4, equating to $0.51 per diluted share, while total liquidity stood at $321.1 million. Full-year net income reached $70.7 million, or $0.87 per diluted share. A cash dividend of $0.31 per share was declared. The company originated $651.6 million in new loans and improved its loan portfolio's risk rating. Noteworthy was the sale of a land parcel for $54.4 million, enhancing book value by $0.20 per share.

TPG RE Finance Trust, Inc. (NYSE: TRTX) successfully closed the TRTX 2022-FL5, a $1.075 billion CRE CLO. This move enabled the placement of $907 million in investment-grade bonds, providing non-mark-to-market, non-recourse term financing. The new issuance features an advance rate of 84.4% and a weighted average interest rate of Compounded SOFR plus 2.02%. TRTX will redeem the TRTX 2018-FL2, resulting in net cash proceeds of $110.1 million, which will be utilized for investments and corporate purposes.

TPG RE Finance Trust (NYSE: TRTX) will release its fourth-quarter and 2021 fiscal year financial results on February 22, 2022, post-market. The Form 10-K and earnings supplemental will accompany the release. A conference call for discussion of these results is scheduled for 10:00 a.m. ET on February 23, 2022. The public can access the call via phone or webcast. A replay will be available from 1:00 p.m. ET on the same day until March 9, 2022.

TPG RE Finance Trust (TRTX) has successfully priced its latest Commercial Real Estate CLO (TRTX 2022-FL5) at $1.075 billion. This issuance includes $907.0 million of investment-grade bonds, providing non-recourse financing for the company. The CLO has a two-year reinvestment period and a weighted average interest rate of Compounded SOFR plus 2.02%. TRTX plans to redeem its previous CLO (2018-FL2), which has $600.0 million of bonds outstanding. Since January 2018, TRTX has issued a total of $5.5 billion in CLOs.

TPG RE Finance Trust (NYSE: TRTX) announced the income tax treatment of its 2021 common stock and 6.25% Series C Preferred Stock dividends. For common stockholders, the total distribution per share was $0.9500, with ordinary income of $0.9500 per share. For the Series C Preferred Stock, the total distribution was $0.8507, also consisting entirely of ordinary income. Notably, ordinary income dividends qualify for a 20% deduction under IRC Section 199A. Shareholders should consult their tax advisors for specific treatment of these dividends.

TPG RE Finance Trust (NYSE: TRTX) has appointed Doug Bouquard as its new Chief Executive Officer and elected him to the Board, effective April 25, 2022. Bouquard, who brings nearly two decades of experience in real estate credit from Goldman Sachs, will also serve as a Partner at TPG (NASDAQ: TPG). His appointment follows a successful year for TRTX, highlighted by $1.9 billion in loan originations and significant capital market transactions, including a $1.25 billion managed CRE CLO.