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TPG RE Finance Trust, Inc. Reports Operating Results for the Quarter and Full Year Ended December 31, 2025
NEW YORK--(BUSINESS WIRE)-- TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) reported its operating results for the quarter and full year
About this update from Tpg Inc.
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nTPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) reported its operating results for the quarter and full year ended December 31, 2024.\n\nRegarding fourth quarter and year ended 2024 results, Doug Bouquard, Chief Executive Officer of TRTX, said: “During 2024 we out earned our annual common stock dividend rate of $0.96 per share. We ended the year with $321 million of cash and near-term available liquidity, a 100% performing loan portfolio, unchanged risk ratings, and a $5 million quarter-over-quarter decline in our CECL reserve. In the fourth quarter, we originated $242 million of new loan investments, received $110 million of loan repayments, and registered our second consecutive quarter of net growth in earning assets. For the year, we originated $562 million of loan investments, and continue to focus on opportunistic capital deployment to build long-term shareholder value. We believe that the Company’s active pipeline reflects the many new investment opportunities we see in an increasingly attractive real estate credit landscape in 2025.”\n\nFOURTH QUARTER 2024 ACTIVITY\n\n\nRecognized GAAP net income attributable to common stockholders of $6.9 million, or $0.09 per common share, based on a diluted weighted average share count of 80.9 million common shares. Book value per common share was $11.27 as of December 31, 2024.\n\n\nGenerated Distributable Earnings and Distributable Earnings Before Realized Losses of $7.8 million, or $0.10 per common share, and $17.6 million, or $0.22 per common share, respectively, based on a diluted weighed average share count of 80.9 million common shares.\n\n\nDeclared on December 13, 2024 a cash dividend of $0.24 per share of common stock which was paid on January 24, 2025 to common stockholders of record as of December 27, 2024. The Company paid on December 30, 2024 to stockholders of record as of December 20, 2024 a quarterly dividend on its 6.25% Series C Cumulative Redeemable Preferred Stock of $0.3906 per share.\n\n\nOriginated two first mortgage loans with total loan commitments of $242.0 million, an aggregate initial unpaid principal balance of $225.2 million, a weighted average interest rate of Term SOFR plus 3.33%, a weighted average interest rate floor of 3.25% and a weighted average as-is loan-to-value ratio of 59.6%. Additionally, funded...