TRTX
TPG RE Finance Trust, Inc.9.04
-0.13-1.42%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
710.46MP/E (TTM)
13.91Basic EPS (TTM)
0.65Dividend Yield
0.11%Recent Filings
8-K
8-K
Board appoints credit expert Goldthorpe
TPG RE Finance Trust appointed Edward 'Ted' Goldthorpe to its board on October 22, 2025, adding him to the audit and nominating and corporate governance committees. Goldthorpe, 49, brings deep credit investing expertise from leading roles at BCP Investment Corporation, Mount Logan Capital, and past stints at Apollo and Goldman Sachs. This bolsters governance amid evolving real estate finance dynamics. No related transactions disclosed.
8-K
CFO retires; interim appointed
TPG RE Finance Trust announced on September 15, 2025, that CFO Bob Foley will retire from TPG at year-end, shifting to a senior advisor role in its real estate credit business. Brandon Fox, the 46-year-old chief accounting officer since January 2022 with deep TPG and Oaktree experience, steps in as interim CFO effective October 1, 2025. The transition ensures seamless leadership. Yet risks from economic pressures could test execution.
8-K
New $25M share buyback approved
TPG RE Finance Trust approved a new $25.0 million share repurchase program on September 4, 2025, succeeding a prior one fully utilized in Q3 2025. The board aims to buy back common stock via open market or private deals, including 10b5-1 plans. This signals confidence in undervaluation. Repurchases hinge on market conditions and risks like economic volatility.
10-Q
Q2 FY2025 results
TPG RE Finance Trust's Q2 2025 results showed net interest income steady at $25.1M, up slightly q/q but down y/y amid a smaller loan portfolio, while revenue from real estate owned dipped to $8.2M from $10.3M q/q due to property sales. The company originated $670.5M in new floating-rate first mortgage loans, boosting total commitments to $3.9B with a weighted average yield of 8.0%, yet credit loss expense narrowed to $1.8M from $3.4M q/q, reflecting improved asset performance against macroeconomic headwinds. Liquidity stood firm at $236M, including $166M cash and undrawn facilities, supporting $3.0B in debt with 94.8% non-mark-to-market terms; free cash flow wasn't disclosed in the 10-Q. Sold two office REO properties for $39.4M, netting $7.0M gain. Diluted EPS rose to $0.21 from $0.12 q/q, aligning with $0.24 dividend. Yet office space demand risks linger from remote work trends.
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