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Tpg Re Finance (TRTX)
NYSE:TRTX
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.27Last Year’s EPS
-2.05Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: 4.42%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Neutral
TRTX demonstrated strong liquidity, stable credit performance, and attractive investment opportunities in the real estate lending market. However, the decline in GAAP net income and concerns over credit risk in some loan categories present challenges. The company's high dividend yield and discount to book value offer a compelling investment proposition, balancing the mixed results.Company Guidance
In the third quarter of 2024 earnings call for TPG Real Estate Finance Trust (TRTX), the company provided a comprehensive overview of its financial performance and strategic outlook. TRTX highlighted its strong liquidity position of $357 million and a leverage ratio of 2.02:1, maintaining a CECL reserve of 205 basis points. The company reported GAAP net income attributable to common shareholders of $18.7 million, with a net interest margin of $29.3 million and distributable earnings of $23 million, equating to $0.28 per share. The company's investment activities included receiving $149 million in repayments and making $204 million in new investments, primarily in multifamily and hotel sectors, with a weighted average LTV of 63%. TRTX also emphasized its market position, generating an 11.5% dividend yield and trading at a 27% discount to book value, offering a compelling entry point for investors. The company continued its strategic focus on multifamily and industrial sectors, supported by ample liquidity and favorable back leverage conditions, while also managing share repurchases as a means of capital allocation.Strong Liquidity and Capital Position
TRTX reported strong liquidity of $357 million, a leverage ratio of only 2.02:1, and a stable CECL reserve of 205 basis points.
Increased Transaction Activity and New Investments
The company received $149 million in repayments and made new investments totaling $204 million, primarily in multifamily and hotels, at a weighted average LTV of 63%.
High Dividend Yield and Book Value Discount
TRTX offers an 11.5% dividend yield and is trading at a 27% discount to book value, providing a compelling entry point for investors.
Portfolio and Credit Stability
The company maintained a weighted average risk rating of 3.0, with no migration of loans to 5-rated status and no realized losses in the quarter.
Share Price Performance
TRTX's share price appreciated by 31.2% for the first nine months of 2024, making it a leading performer in the commercial mortgage REIT space.
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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 |
|---|---|---|---|
| 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% |
| Feb 20, 2024 | $4.92 | $5.74 | +16.67% |
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 Feb 25, 2025, TBA Not Confirmed.
What is Tpg Re Finance (TRTX) earnings time?
Tpg Re Finance (TRTX) earnings time is at Feb 25, 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 2024 (Q4) is 0.27.
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