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Tpg Re Finance (TRTX)
NYSE:TRTX
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.26Last Year’s EPS
0.3Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -4.48%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted a successful year with strong financial performance and strategic loan investments. While challenges such as foreclosures and REO management exist, the company's robust liquidity and investment pipeline position it well for 2025.Company Guidance
In the TPG Real Estate Finance Trust's earnings call for the fourth quarter and full year of 2024, the company outlined a robust performance with several key metrics. The company built a "fortress balance sheet" with substantial liquidity and maintained a 100% performing loan portfolio. They achieved a distributable earnings rate that covered their $0.96 per share annual dividend, with earnings before realized losses at $1.08 per share, covering the dividend by 1.1 times. TRTX reported a 3% increase in net earning assets in the second half of 2024, driven by $446 million in new loan commitments with an LTV of approximately 60% and a weighted-average spread of SOFR plus 3.25%. The company also highlighted the deployment of $320.8 million in liquidity and leverage of 2.14:1. TRTX's share price performance led its peers with a 61% cumulative return since January 2023. The call emphasized the company's strategic positioning for increased investment activity in 2025, backed by a significant investment pipeline and strong operating results, including a 100% performing loan portfolio, a CECL reserve of 187 basis points, and a weighted-average risk rating of 3.0.Successful Year with Strong Financial Performance
Achieved a 100% performing balance sheet at year-end 2024 with stable credit risk ratings. Generated distributable earnings that fully covered a $0.96 per share common dividend, with earnings before realized losses covering the dividend at 1.1x.
Increased Loan Investment Activity
Increased net earning assets by 3% in the second half of 2024, due to $446 million of new loan commitments. Plans to accelerate loan investment volume in 2025, supported by $320.8 million in liquidity and a leverage ratio of 2.14:1.
Robust Investment Pipeline
Over $300 million of live investment opportunities in various stages of diligence, indicating a strong start for 2025 investment activities.
Improved Credit Position in New York Office Loan
Successfully amended a loan secured by a Class A office building, reducing the commitment from $200 million to $130 million and attracting $60 million of new institutional equity.
Strong Market Performance
TRTX's share price performance led its peers since January 2023, with a cumulative return of 61% through the reported period.
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TRTX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TRTX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $8.71 | $8.26 | -5.17% |
| Oct 29, 2024 | $8.15 | $8.09 | -0.74% |
| Jul 30, 2024 | $8.37 | $8.26 | -1.31% |
| Apr 30, 2024 | $6.74 | $7.62 | +13.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tpg Re Finance (TRTX) report earnings?
Tpg Re Finance (TRTX) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Tpg Re Finance (TRTX) earnings time?
Tpg Re Finance (TRTX) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TRTX EPS forecast?
TRTX EPS forecast for the fiscal quarter 2025 (Q1) is 0.26.
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