Tpg Re Finance T - TRTX STOCK NEWS

TPG RE Finance Trust, Inc. (NYSE: TRTX) will release its financial results for the first quarter of 2021 and file its Form 10-Q after the market closes on May 4, 2021. The company will host a conference call on May 5, 2021, at 10:00 a.m. ET to discuss these results with investors. Interested parties can access the conference call by dialing provided numbers or through a webcast on the company’s investor relations website. A replay of the call will be available until May 19, 2021.

TPG RE Finance Trust (NYSE: TRTX) announced the closing of TRTX 2021-FL4, a $1.25 billion Commercial Real Estate Collateralized Loan Obligation (CRE CLO). The deal secured $1.04 billion in investment-grade bonds, enabling non-recourse, non-mark-to-market financing. With a two-year reinvestment period, the CLO features a ramp for future loan originations and an interest rate of LIBOR plus 1.60%. TRTX has now issued four CRE CLOs totaling $4.4 billion since January 2018, enhancing its non-recourse debt to approximately 84% of funded debt.

TPG RE Finance Trust, Inc. (NYSE: TRTX) announced the pricing of a $1.25 billion commercial real estate collateralized loan obligation (CRE CLO) on March 25, 2021. The Company successfully placed $1.04 billion in investment-grade bonds, securing term financing on a non-mark-to-market, non-recourse basis. The 2021-FL4 deal features an 83% advance rate and a two-year reinvestment period with a weighted average interest rate of LIBOR plus 1.60%. This transaction is set to close on March 31, 2021, pending customary conditions. Since 2018, TRTX has issued CRE CLOs totaling $4.4 billion, increasing its non-mark-to-market debt to approximately 84%.

TPG RE Finance Trust (TRTX) declared a cash dividend of $0.20 per share for common stock and $0.68 per share for Series B Preferred Stock on March 15, 2021. The common stock dividend will be paid on April 23, 2021, to stockholders of record as of March 26, 2021, while the Series B Preferred dividend will be paid on March 31, 2021. The company focuses on originating and managing first mortgage loans secured by institutional properties across the U.S.

TPG RE Finance Trust (NYSE: TRTX) announced that President Matthew Coleman will present at the Citi 2021 Virtual Global Property CEO Conference on March 9, 2021, at 5:00 PM ET. This conference will include virtual meetings with investors. A live audio webcast of the presentation will be available on TRTX's Investor Relations website, with a replay accessible after the event. TPG RE Finance Trust specializes in originating, acquiring, and managing first mortgage loans secured by institutional properties across the U.S.

TPG RE Finance Trust (NYSE: TRTX) reported Q4 and full-year 2020 results with a net income of $6.6 million in Q4, contrasted by a net loss of $155.5 million for the full year. The company's diluted EPS for Q4 was $0.09, while the book value per share stood at $16.50. Notably, net interest margin decreased by 16.1% to $40.6 million due to a decline in loan balances. The company declared total dividends of $93.6 million for the year. Additionally, an increase in credit loss reserves to $62.8 million highlights potential challenges ahead.

TPG RE Finance Trust (NYSE: TRTX) announced the retirement of CEO Greta Guggenheim effective March 31, 2021. Matthew Coleman, the current President, will take over daily management immediately. The Board will begin searching for a new CEO to lead the next growth phase. Guggenheim will serve as a Senior Advisor during the transition. Coleman brings extensive experience, having been with TRTX since its inception. He aims to continue the company's strategic focus and growth objectives, ensuring long-term value for shareholders.

TPG RE Finance Trust, Inc. (NYSE: TRTX) announced it will release its financial results for Q4 and the full year ended December 31, 2020, after market close on February 24, 2021. A conference call and webcast are scheduled for February 25, 2021, at 8:30 a.m. ET to discuss the results. Investors can access the call via dial-in or through the Company's investor relations website. A replay will be available until March 11, 2021.

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

TPG RE Finance Trust (NYSE: TRTX) announced the income tax treatment of its 2020 common stock dividends. Total distributions per share amounted to $1.2100, with ordinary income qualifying for a 20% deduction under IRC Section 199A. Important dates include record dates of June 15, June 26, September 25, and December 28, 2020, with payment dates extending from July 14, 2020, to January 22, 2021. Shareholders should consult tax advisors regarding their specific tax treatment of dividends.