Bob Foley
Chief Financial Officer
Replay available
TPG RE Finance Trust, Inc. (NYSE: TRTX) Q3 2025 earnings conference call, held 2025-10-29. Replay captured from the company's public earnings webcast.

Chief Financial Officer
Chief Executive Officer
Interim Chief Financial Officer
Analyst at Citizens AMV
Analyst at CPIG
Analyst at J.P. Morgan
Head of Capital Markets and Asset Management
Welcome to the TPG Real Estate Finance Trust Third Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Bob Foley. Thank you. You may begin. Good morning, and welcome to the TPG RE Finance Trust earnings call for the third quarter of 2025. Today's speakers are Doug Gucard, Chief Executive Officer, Brandon Fox, Interim Chief Financial Officer, and Ryan Roberto, Head of Capital Markets and Asset Management. Doug and Brandon will provide commentary regarding the company, its performance, and the general economy in which TRTX operates. Doug, Brandon, and Ryan will answer questions from call participants. Yesterday evening, we filed our Form 10-Q, issued a press release, and shared an earnings supplemental, all of which are available on the company's website and the investor relations section. This morning's call and webcast is being recorded. Information regarding the replay of this call is available in our earnings release and on the TRTX website. Recordings are the property of TRTX, and any unauthorized broadcast or reproduction in any form is strictly prohibited. This morning's call will include forward-looking statements which are uncertain and outside of the company's control. Actual results may differ materially. For a comprehensive discussion of risks that could affect results, please see the risk factors section of the company's latest form 10-K. The company does not undertake any duty to update our forward-looking statements or projections unless required by law. We will refer...