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TPG RE Finance Trust, Inc. Declares Cash Dividend on Common Stock

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TPG RE Finance Trust, Inc. (TRTX) declares a cash dividend of $0.24 per share for Q1 2024, payable on April 25, 2024. The announcement was made on March 15, 2024.
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NEW YORK--(BUSINESS WIRE)-- TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) today announced that on March 15, 2024, the Company’s Board of Directors declared a cash dividend of $0.24 per share of common stock for the first quarter of 2024. The dividend will be payable on April 25, 2024 to common stockholders of record as of March 28, 2024.

ABOUT TRTX

TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platform of global alternative asset management firm TPG Inc. (NASDAQ: TPG). For more information regarding TRTX, visit https://www.tpgrefinance.com/.

FORWARD-LOOKING STATEMENTS

This press release contains “forward‐looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward‐looking statements are subject to various risks and uncertainties, including, without limitation, risks and uncertainties relating to: the performance of the Company’s investments; global economic trends and economic conditions, including heightened inflation, slower growth or recession, changes to fiscal and monetary policy, higher interest rates, stress to the commercial banking systems of the U.S. and Western Europe, labor shortages, currency fluctuations and challenges in global supply chains; the Company's ability to originate loans that are in the pipeline and under evaluation by the Company; financing needs and arrangements; and the risks, uncertainties and factors set forth under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as such risk factors may be updated from time to time in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at www.sec.gov. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “believe,” “could,” “project,” “predict,” “continue,” “payable” or other similar words or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations, describe existing or future plans and strategies, contain projections of results of operations, liquidity and/or financial condition or state other forward-looking information. Statements, among others, relating to the payment of dividends on a future date are forward-looking statements. The ability of TRTX to predict future events or conditions or their impact or the actual effect of existing or future plans or strategies is inherently uncertain. Although the Company believes that such forward-looking statements are based on reasonable assumptions, actual results and performance in the future could differ materially from those set forth in or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company’s views only as of the date of this press release. Except as required by law, neither the Company nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements appearing in this press release. The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise. Past performance is not indicative nor a guarantee of future returns.

INVESTOR RELATIONS

+1 (212) 405-8500

IR@tpgrefinance.com

MEDIA

TPG RE Finance Trust, Inc.

Courtney Power

+1 (415) 743-1550

media@tpg.com

Source: TPG RE Finance Trust, Inc.

FAQ

When did TPG RE Finance Trust, Inc. announce the cash dividend for Q1 2024?

TPG RE Finance Trust, Inc. (TRTX) announced the cash dividend for Q1 2024 on March 15, 2024.

How much is the cash dividend per share for Q1 2024?

The cash dividend per share for Q1 2024 declared by TPG RE Finance Trust, Inc. (TRTX) is $0.24.

When will the cash dividend for Q1 2024 be payable?

The cash dividend for Q1 2024 announced by TPG RE Finance Trust, Inc. (TRTX) will be payable on April 25, 2024.

Who are eligible to receive the cash dividend for Q1 2024 from TPG RE Finance Trust, Inc.?

Common stockholders of TPG RE Finance Trust, Inc. (TRTX) as of March 28, 2024, are eligible to receive the cash dividend for Q1 2024.

TPG RE Finance Trust, Inc.

NYSE:TRTX

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TRTX Stock Data

714.21M
61.96M
12.43%
84.12%
3.78%
Trusts, Estates, and Agency Accounts
Finance and Insurance
Link
United States of America
SAN FRANCISCO

About TRTX

tpg re finance trust, inc., a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in north america. it invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors. the company qualifies as a real estate investment trust for federal income tax purposes. it generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. tpg re finance trust, inc. was founded in 2014 and is based in new york, new york.