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TPG RE Finance Trust, Inc. - TRTX STOCK NEWS

Welcome to our dedicated page for TPG RE Finance Trust news (Ticker: TRTX), a resource for investors and traders seeking the latest updates and insights on TPG RE Finance Trust stock.

TPG RE Finance Trust, Inc. (TRTX) is a prominent commercial real estate finance company headquartered in New York, New York. Established in 2014, the company specializes in the origination, acquisition, and management of commercial mortgage loans and other real estate-related debt instruments across North America.

TPG RE Finance Trust operates within various property sectors including office, mixed-use, multifamily, industrial, retail, and hospitality. The company's diverse investment portfolio includes

  • commercial mortgage loans
  • subordinate mortgage interests
  • mezzanine loans
  • secured real estate securities
  • note financing
  • preferred equity
  • commercial real estate collateralized loan obligations
  • commercial mortgage-backed securities
These investments are secured by institutional-quality properties primarily in primary and select secondary markets in the United States.

As a Real Estate Investment Trust (REIT), TPG RE Finance Trust aims to provide attractive risk-adjusted returns to its stockholders. The company achieves this through a strategic blend of cash distributions and capital appreciation. To maintain its REIT status, TRTX distributes at least 90% of its taxable income to stockholders, thereby generally avoiding federal corporate income taxes.

The company's strategic focus lies in directly originating and selectively acquiring floating rate first mortgage loans that are secured by high-quality commercial real estate properties undergoing transition and value creation. This approach allows TPG RE Finance Trust to capitalize on opportunities within evolving real estate markets, contributing to its sustained growth and stability.

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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 for Q4 2022. This dividend is payable on December 30, 2022 to stockholders on record as of December 20, 2022. The Company focuses on originating, acquiring, and managing first mortgage loans secured by institutional properties in the U.S. However, potential risks exist related to loan origination and economic conditions.

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TPG RE Finance Trust, Inc. (NYSE: TRTX) has announced that CEO Doug Bouquard, along with senior management, will host investor meetings at the JMP Securities Financial Services and Real Estate Conference on November 17, 2022. The presentation will be accessible on the Investor Relations section of TRTX's website. TPG RE Finance Trust is a commercial real estate finance company focused on originating and managing first mortgage loans secured by institutional properties in the U.S. For further details, visit https://www.tpgrefinance.com/.

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TPG RE Finance Trust (NYSE: TRTX) reported Q3 2022 results, showing a GAAP net loss of $117.9 million, translating to $(1.52) per share. Despite this, the company deployed $984 million into new investments, maintaining a liquidity position of $571.3 million. The third quarter also saw loan repayments of $371.1 million. A cash dividend of $0.24 per share was declared on September 12, 2022, and paid out on October 25, 2022. The firm enhanced its credit loss allowance to $225.6 million, an increase of $132.3 million from the previous quarter, while the risk rating of its loan portfolio remained stable.

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TPG RE Finance Trust, Inc. (NYSE: TRTX) announced it will release its third quarter 2022 financial results after market close on November 1, 2022. A conference call is scheduled for 10:00 a.m. ET on November 2, 2022, to discuss the results with investors. Interested parties can access the call via a dial-in number or through a live webcast on the Company’s investor relations website. The replay will be available from 1:00 p.m. ET on November 2 until November 16, 2022.

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TPG RE Finance Trust, Inc. (NYSE: TRTX) declared a cash dividend of $0.24 per share for Q3 2022, payable on October 25, 2022. Shareholders of record as of September 28, 2022 will receive this dividend. TRTX focuses on originating, acquiring, and managing first mortgage loans secured by institutional properties in the U.S. The company's financial condition is subject to various risks, including pandemic impacts and investment performance uncertainties.

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TPG RE Finance Trust, Inc. (NYSE: TRTX) has declared a cash dividend of $0.3906 per share for its 6.25% Series C Cumulative Redeemable Preferred Stock, payable on September 30, 2022. Shareholders of record as of September 20, 2022, will receive this dividend. The company focuses on originating, acquiring, and managing first mortgage loans secured by institutional properties across the United States.

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TPG RE Finance Trust, Inc. (NYSE: TRTX) announces that Doug Bouquard, CEO, will host investor meetings at the Bank of America Securities 2022 Global Real Estate Conference on September 13, 2022. The presentation will be accessible via the Investor Relations section of the TRTX website.

TPG RE Finance Trust primarily originates and manages first mortgage loans secured by institutional properties in the United States. For more details, visit tpgrefinance.com.

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TPG RE Finance Trust (NYSE: TRTX) reported a GAAP net loss of $(8.8) million or $(0.11) per share for Q2 2022, with a book value of $16.03. The company declared a cash dividend of $0.24 per common share. During the quarter, TRTX originated seven first mortgage loans totaling $380.3 million and received loan repayments of $757.0 million. As of June 30, 2022, the company had $771.7 million in liquidity and a significant increase in the allowance for credit losses, now at $93.4 million.

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TPG RE Finance Trust (NYSE: TRTX) announced it will release its Q2 2022 financial results on August 2, 2022, after market close. A conference call is scheduled for August 3, 2022, at 10:00 a.m. ET to discuss these results. Investors can access the call via telephone or through the company’s webcast. A replay of the call will be available until August 17, 2022. TPG RE Finance Trust focuses on originating and managing first mortgage loans secured by commercial properties.

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TPG RE Finance Trust (NYSE: TRTX) has declared a cash dividend of $0.24 per share for Q2 2022, payable on July 25, 2022. Stockholders must be on record by June 28, 2022 to qualify. The company, focusing on commercial real estate, primarily manages first mortgage loans secured by institutional properties in key U.S. markets. This dividend reflects the company's commitment to returning income to shareholders amid ongoing market conditions influenced by pandemic-related uncertainties.

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FAQ

What is the current stock price of TPG RE Finance Trust (TRTX)?

The current stock price of TPG RE Finance Trust (TRTX) is $8.77 as of December 20, 2024.

What is the market cap of TPG RE Finance Trust (TRTX)?

The market cap of TPG RE Finance Trust (TRTX) is approximately 704.1M.

What is TPG RE Finance Trust, Inc.?

TPG RE Finance Trust, Inc. is a commercial real estate finance company that originates, acquires, and manages commercial mortgage loans and related debt instruments in North America.

What types of properties does TRTX invest in?

TRTX invests in properties across various sectors including office, mixed-use, multifamily, industrial, retail, and hospitality.

What is the primary objective of TPG RE Finance Trust, Inc.?

The primary objective of TPG RE Finance Trust, Inc. is to provide attractive risk-adjusted returns to its stockholders through cash distributions and capital appreciation.

How does TRTX maintain its REIT status?

TRTX maintains its REIT status by distributing at least 90% of its taxable income to stockholders, which generally exempts the company from federal corporate income taxes.

When was TPG RE Finance Trust, Inc. founded?

TPG RE Finance Trust, Inc. was founded in 2014.

Where is TPG RE Finance Trust, Inc. headquartered?

TPG RE Finance Trust, Inc. is headquartered in New York, New York.

What type of loans does TRTX primarily focus on?

TRTX primarily focuses on directly originating and selectively acquiring floating rate first mortgage loans.

Why are the properties in TRTX's portfolio considered high quality?

The properties in TRTX's portfolio are considered high quality because they are institutional-quality properties located in primary and select secondary markets in the United States.

What financial instruments does TRTX invest in?

TRTX invests in commercial mortgage loans, subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and commercial mortgage-backed securities.

How does TRTX ensure attractive returns for its stockholders?

TRTX ensures attractive returns for its stockholders by strategically managing a diverse portfolio of high-quality commercial real estate debt instruments and focusing on properties undergoing value creation.

TPG RE Finance Trust, Inc.

NYSE:TRTX

TRTX Rankings

TRTX Stock Data

704.07M
69.02M
5.96%
87.02%
2.37%
REIT - Mortgage
Real Estate Investment Trusts
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United States of America
SAN FRANCISCO