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TPG RE Finance reports Q2 GAAP EPS 21c, consensus 23c

Reports Q2 loan repayments of $172.3M, including three full loan repayments of $147.4M, involving the following property types: 85.6% multifamily; 8.0% industrial; and 6.4% life science. Regarding Q2 results, Doug Bouquard, CEO of TRTX, said: “TRTX had a strong Q2, during which we originated $695.6M of total loan commitments, earned our common stock dividend and repurchased $12.5M of common stock. As a result, we delivered 15% portfolio loan growth and solid earnings benefited by ample liquidity, a stable liability structure and the insights of TPG’s integrated real estate investment platform.”

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