TRTX - TPG RE Finance Trust Inc Stock Price, Fair Value and News

8.87USD+0.02 (+0.23%)Delayed

Market Summary

USD8.87+0.02

Delayed

0.23%

TRTX Alerts

2 major insider sales recently.

Big fall in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

TRTX Stock Price

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TRTX RSI Chart

TRTX Valuation

Market Cap

690.7M

Price/Earnings (Trailing)

-6.44

Price/Sales (Trailing)

1.96

EV/EBITDA

-37.39

Price/Free Cashflow

7.35

TRTX Price/Sales (Trailing)

TRTX Profitability

EBT Margin

-30.25%

Return on Equity

-9.57%

Return on Assets

-2.8%

Free Cashflow Yield

13.61%

TRTX Fundamentals

TRTX Revenue

Revenue (TTM)

353.0M

Rev. Growth (Yr)

-10.4%

Rev. Growth (Qtr)

-2.23%

TRTX Earnings

Earnings (TTM)

-107.3M

Earnings Growth (Yr)

127.04%

Earnings Growth (Qtr)

162.4%

Breaking Down TRTX Revenue

Last 7 days

3.5%

Last 30 days

22.0%

Last 90 days

57.0%

Trailing 12 Months

56.2%

How does TRTX drawdown profile look like?

TRTX Financial Health

TRTX Investor Care

Dividend Yield

10.82%

Dividend/Share (TTM)

0.96

Shares Dilution (1Y)

0.59%

Diluted EPS (TTM)

-1.57

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	353.0M	0	0	0
2023	333.6M	364.3M	378.8M	362.6M
2022	243.0M	247.1M	262.6M	302.9M
2021	260.1M	251.9M	242.1M	240.2M
2020	345.0M	326.8M	304.3M	283.7M
2019	282.8M	306.4M	328.9M	339.8M
2018	210.3M	223.3M	246.4M	265.6M
2017	167.8M	181.2M	187.5M	198.9M
2016	0	137.0M	145.3M	153.6M
2015	0	0	0	128.6M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of TPG RE Finance Trust Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 08, 2024	starwood capital group global ii, l.p.	acquired	82,680,000	6.89	12,000,000	-
May 08, 2024	pe holder, l.l.c.	sold	-82,680,000	8.84	-9,352,940	-
May 08, 2024	pe holder, l.l.c.	acquired	82,680,000	6.89	12,000,000	-
May 08, 2024	starwood capital group global ii, l.p.	sold	-82,680,000	8.84	-9,352,940	-
Apr 25, 2024	smith michael bradley	acquired	7,225	7.72	936	-
Apr 25, 2024	white gregory	acquired	7,225	7.72	936	-
Apr 25, 2024	silverstein wendy	acquired	7,225	7.72	936	-
Apr 25, 2024	schuster todd	acquired	995	7.72	129	-
Apr 25, 2024	gillmore michael	acquired	7,225	7.72	936	-
Jan 25, 2024	schuster todd	acquired	955	6.5	147	-

Which funds bought or sold TRTX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-6.24	46,758	458,267	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-15.86	-729	1,086,510	-%
May 15, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	4.46	112,000	582,000	-%
May 15, 2024	Caption Management, LLC	new	-	450,045	450,045	0.01%
May 15, 2024	Centiva Capital, LP	new	-	80,813	80,813	-%
May 15, 2024	Engineers Gate Manager LP	new	-	244,222	244,222	0.01%
May 15, 2024	Q Global Advisors, LLC	new	-	379,000	379,000	0.14%
May 15, 2024	Mariner, LLC	added	6.07	28,330	137,387	-%
May 15, 2024	Brevan Howard Capital Management LP	unchanged	-	859,780	5,440,580	0.05%
May 15, 2024	Penserra Capital Management LLC	added	14.18	239,000	908,000	0.01%

Are Funds Buying or Selling TRTX?

Are funds buying TRTX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TRTX

No. of Funds

Unveiling TPG RE Finance Trust Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
May 10, 2024	starwood capital group global ii, l.p.	3.3%	2,647,059	SC 13D/A
Feb 14, 2024	nan shan life insurance co., ltd.	3.67%	2,853,485	SC 13G/A
Feb 13, 2024	vanguard group inc	6.05%	4,700,781	SC 13G/A
Jan 26, 2024	blackrock inc.	7.6%	5,925,639	SC 13G/A
Feb 09, 2023	vanguard group inc	7.68%	5,941,156	SC 13G/A
Jan 31, 2023	china investment corp	9.2%	7,087,208	SC 13G/A
Jan 31, 2023	blackrock inc.	7.1%	5,489,504	SC 13G/A
Feb 14, 2022	tpg gp a, llc	9.2%	7,086,779	SC 13G/A
Feb 08, 2022	state of michigan retirement system	6.26%	4,824,242	SC 13G
Feb 03, 2022	blackrock inc.	7.1%	5,440,697	SC 13G/A

Recent SEC filings of TPG RE Finance Trust Inc

View All Filings

Date Filed	Form Type	Document
May 15, 2024	8-K	Current Report
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	SC 13D/A	13D - Major Acquisition
Apr 30, 2024	10-Q	Quarterly Report
Apr 30, 2024	8-K	Current Report
Apr 29, 2024	4	Insider Trading
Apr 29, 2024	4	Insider Trading
Apr 29, 2024	4	Insider Trading
Apr 29, 2024	4	Insider Trading

Peers (Alternatives to TPG RE Finance Trust Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	90.9B	11.2B	13.13%	1.87%	46.04	8.11	3.63%	50.79%
CCI	44.7B	6.8B	10.57%	-9.74%	32.06	6.53	-2.39%	-16.60%
AVB	28.3B	2.8B	9.91%	13.04%	29.6	10.08	5.72%	-6.47%
ARE	21.7B	3.0B	6.63%	6.21%	110.61	7.35	10.44%	-73.79%
AMH	13.5B	-	6.12%	9.11%	31.9	8.3	8.93%	11.87%
REG	11.3B	1.4B	6.30%	4.57%	30.12	8.22	10.48%	-2.93%
BXP	9.9B	3.3B	9.08%	28.09%	51.64	3	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	5.40%	14.57%	35.59	7.38	5.48%	-38.69%
SLG	3.4B	892.3M	6.62%	140.10%	-6.71	3.85	-5.33%	-307.54%
MAC	3.4B	878.0M	1.11%	67.10%	-9.8	3.82	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	12.17%	21.82%	20.36	3.15	3.54%	8.91%
AIV	1.2B	198.2M	6.70%	-0.84%	-7.55	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.51%	2.13%	36.77	1.73	27.93%	140.31%
NYMT	572.0M	285.4M	-8.06%	-36.92%	-4.15	2	11.05%	83.70%
IVR	459.4M	277.2M	15.74%	-12.95%	-56.03	1.66	25.89%	94.64%

TPG RE Finance Trust Inc News

Latest updates

TPG RE Finance Trust Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-2.2%	82,184,000	84,062,000	90,046,000	96,716,000	91,726,000	100,325,000	75,497,000	66,021,000	61,017,000	60,113,500	59,984,000	61,915,000	58,148,000	62,018,000	69,854,000	70,051,000	81,749,000	82,597,000	92,362,000	88,254,000	76,601,000
S&GA Expenses	1.6%	986,000	970,000	718,000	1,261,000	896,000	1,084,000	1,197,000	949,000	1,169,000	1,107,500	1,173,000	1,081,000	1,030,000	895,000	862,000	860,000	980,000	319,000	1,078,000	1,041,000	692,000
EBITDA Margin	51.6%	-0.04	-0.08	0.04	-0.07	0.15	0.27	0.36	1.00	1.18	1.23	1.10	1.13	-	-	-	-	-	-	-	-	-
Interest Expenses	26.1%	26,803,000	21,257,000	19,549,000	26,146,000	21,736,000	35,151,000	30,425,000	38,013,000	38,516,000	38,309,500	39,005,000	39,898,000	37,858,000	40,553,000	48,404,000	44,186,000	43,292,000	41,423,000	44,488,000	41,828,000	37,234,000
Income Taxes	500.0%	390,000	65,000	5,000	5,000	184,000	202,000	125,000	118,000	85,000	-336,000	236,000	233,000	931,000	77,000	74,000	61,000	93,000	51,000	107,000	202,000	219,000
Earnings Before Taxes	165.8%	17,134,000	6,446,000	-61,208,000	-69,168,000	7,559,000	36,396,000	-114,482,000	-5,316,000	23,866,000	44,542,500	29,561,000	32,624,000	32,886,000	14,666,000	38,521,000	42,989,000	-232,697,000	32,958,000	33,132,000	32,171,000	28,631,000
EBT Margin	5.7%	-0.30	-0.32	-0.23	-0.38	-0.23	-0.20	-0.20	0.37	0.54	0.58	0.45	0.47	-	-	-	-	-	-	-	-	-
Net Income	162.4%	16,744,000	6,381,000	-61,213,000	-69,173,000	7,375,000	36,194,000	-114,607,000	-5,434,000	23,781,000	44,878,500	29,325,000	32,391,000	31,955,000	14,589,000	38,447,000	42,928,000	-232,790,000	32,902,000	33,025,000	31,969,000	28,412,000
Net Income Margin	5.5%	-0.30	-0.32	-0.23	-0.38	-0.23	-0.20	-0.20	0.37	0.54	0.58	0.45	0.47	-	-	-	-	-	-	-	-	-
Free Cashflow	60.9%	37,371,000	23,223,000	26,117,000	7,313,000	23,473,000	17,956,000	17,467,000	32,456,000	32,617,000	35,144,000	35,963,000	34,720,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-9.1%	3,829	4,214	4,457	4,984	5,384	5,545	5,664	5,395	5,515	5,218	5,201	5,203	5,269	4,909	5,153	5,296	5,826	2,279	5,863	5,825	5,119
Cash Equivalents	-1.6%	203	206	302	307	162	254	237	357	352	261	270	241	302	320	226	196	105	80.00	100	70.00	56.00
Liabilities	-12.3%	2,708	3,090	3,320	3,764	4,075	4,223	4,357	3,953	4,047	3,753	3,755	3,766	3,791	3,442	3,667	3,828	4,595	1,842	4,397	4,360	3,676
Shareholder's Equity	-0.3%	1,121	1,125	1,137	1,220	1,309	1,322	1,306	1,442	1,468	1,465	1,445	1,437	1,277	1,267	1,288	1,271	1,231	1,504	1,466	1,465	1,444
Retained Earnings	-0.9%	-605	-600	-584	-501	-409	-395	-409	-272	-245	-247	-264	-271	-282	-292	-271	-288	-313	-28.11	-28.18	-29.22	-29.20
Additional Paid-In Capital	0.1%	1,727	1,725	1,722	1,721	1,719	1,717	1,715	1,714	1,713	1,712	1,710	1,709	1,560	1,560	1,560	1,560	1,545	1,531	1,493	1,493	1,475
Shares Outstanding	0.0%	78.00	78.00	78.00	78.00	77.00	77.00	77.00	77.00	77.00	77.00	77.00	77.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	522	-	-	-	633	-	-	-	940	-	-	-	740	-	-	-	1,100	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	60.9%	37,371	23,223	26,117	7,313	23,473	17,956	17,467	32,456	32,617	35,144	35,963	34,720	26,340	29,967	31,441	33,151	37,526	33,799	34,875	26,958	26,033
Share Based Compensation	-48.7%	1,672	3,259	1,153	1,813	1,804	1,526	932	1,328	1,266	1,664	1,250	1,393	1,456	1,534	1,147	1,686	1,401	714	452	633	633
Cashflow From Investing	223.9%	365,515	112,851	441,319	479,619	61,596	164,280	-511,261	100,232	-205,812	-10,348	31,037	-301,244	-62,343	326,759	176,609	644,349	-183,132	-46,349	5,955	-678,165	-590,071
Cashflow From Financing	-75.7%	-406,542	-231,401	-472,778	-341,411	-177,218	-164,499	373,589	-128,324	264,575	-33,687	-37,641	204,675	18,754	-262,612	-178,913	-585,615	170,472	-7,481	-11,625	665,868	579,149
Dividend Payments	107.1%	3,144	-44,317	50,613	3,152	3,144	3,148	-33,409	39,709	3,144	63,046	-28,955	38,878	6,120	14,401	-1,972	-30,295	32,551	8.00	-976	-27,563	28,546
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42.00

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TRTX Income Statement

2024-03-31

Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income and interest expense
Interest income	$ 82,184	$ 91,726
Interest expense	(55,381)	(69,990)
Net interest income	26,803	21,736
Other revenue
Other income, net	4,902	3,519
Revenue from real estate owned operations	7,222	0
Total other revenue	12,124	3,519
Other expenses
Professional fees	975	1,330
General and administrative	986	896
Stock compensation expense	1,672	1,804
Servicing and asset management fees	471	(137)
Management fee	4,987	6,019
Expenses from real estate owned operations	8,346	0
Total other expenses	17,437	9,912
Credit loss expense, net	(4,356)	(7,784)
Income before income taxes	17,134	7,559
Income tax expense, net	(390)	(184)
Net income	16,744	7,375
Preferred stock dividends and participating securities' share in earnings	(3,689)	(3,552)
Net income attributable to common stockholders - see Note 11	$ 13,055	$ 3,823
Earnings per share
Earnings per common share, basic (in USD per share)	$ 0.17	$ 0.05
Earnings per common share, diluted (in USD per share)	$ 0.17	$ 0.05
Weighted average number of common shares outstanding
Basic: (in shares)	77,868,735	77,410,406
Diluted: (in shares)	77,868,735	78,089,651
Other comprehensive income
Net income	$ 16,744	$ 7,375
Comprehensive net income	$ 16,744	$ 7,375

TRTX Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Assets

Cash and cash equivalents

^[1]

$ 203,077

$ 206,376

Restricted cash

^[1]

285

642

Accounts receivable

^[1]

Collateralized loan obligation proceeds held at trustee

^[1]

51,000

247,229

Accounts receivable from servicer/trustee

^[1]

5,894

66,468

Accrued interest and fees receivable

^[1]

31,045

32,195

Loans held for investment

^[1]

3,367,490

3,476,776

Allowance for credit losses

^[1]

(71,258)

(67,092)

Loans held for investment, net (includes $1,354,430 and $1,538,859, respectively, pledged as collateral under secured financing agreements)

^[1]

3,296,232

3,409,684

Real estate owned

^[1]

169,267

174,057

Other assets

^[1]

72,514

77,621

Total assets

^[1]

3,829,326

4,214,312

Liabilities

Accrued interest payable

^[1]

8,866

10,225

Accrued expenses and other liabilities

^[1],[2]

17,121

14,587

Secured financing agreements, net

^[1]

619,832

820,824

Payable to affiliates

^[1]

4,987

4,913

Deferred revenue

^[1]

964

1,281

Dividends payable

^[1]

19,166

19,162

Total liabilities

^[1]

2,708,434

3,089,527

Commitments and contingencies - see Note 14

^[1]

Stockholders' equity

Common stock ($0.001 par value per share; 302,500,000 and 302,500,000 shares authorized, respectively; 77,872,438 and 77,868,565 shares issued and outstanding, respectively)

^[1]

Additional paid-in-capital

^[1]

1,726,639

1,724,967

Accumulated deficit

^[1]

(605,833)

(600,267)

Total stockholders' equity

^[1]

1,120,892

1,124,785

Total liabilities and stockholders' equity

^[1]

3,829,326

4,214,312

Collateralized loan obligations

Liabilities

Collateralized loan obligations, net

^[1]

1,875,381

1,915,174

Asset-specific financing arrangements

Liabilities

Collateralized loan obligations, net

^[1]

131,531

272,810

Mortgage loan payable

Liabilities

Collateralized loan obligations, net

^[1]

30,586

30,551

Series A Preferred Stock

Stockholders' equity

Preferred stock

^[1]

Series C Preferred Stock

Stockholders' equity

Preferred stock

^[1]

$ 8

[1]

The Company’s consolidated Total Assets and Total Liabilities as of March 31, 2024 include assets and liabilities of variable interest entities (“VIEs”) of $2.3 billion and $1.9 billion, respectively. The Company’s consolidated Total Assets and Total Liabilities as of December 31, 2023 include assets and liabilities of VIEs of $2.6 billion and $1.9 billion, respectively. These assets can be used only to satisfy obligations of the VIEs, and creditors of the VIEs have recourse only to these assets, and not to TPG RE Finance Trust, Inc. See Note 5 to the Consolidated Financial Statements for details.

(2)Includes $2.9 million and $2.7 million of reserve for expected losses for unfunded loan commitments as of March 31, 2024 and December 31, 2023, respectively.

[2]

Includes $2.9 million and $2.7 million of reserve for expected losses for unfunded loan commitments as of March 31, 2024 and December 31, 2023, respectively.

About TPG RE Finance Trust Inc

TPG RE Finance Trust, Inc., a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. TPG RE Finance Trust, Inc. was incorporated in 2014 and is based in New York, New York.

CEO	Mr. Doug Bouquard
WEBSITE	tpgrefinance.com
INDUSTRY	REIT Mortgage

TPG RE Finance Trust Inc Frequently Asked Questions

What is the ticker symbol for TPG RE Finance Trust Inc? What does TRTX stand for in stocks?

TRTX is the stock ticker symbol of TPG RE Finance Trust Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of TPG RE Finance Trust Inc (TRTX)?

As of Fri May 17 2024, market cap of TPG RE Finance Trust Inc is 690.73 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TRTX stock?

You can check TRTX's fair value in chart for subscribers.

What is the fair value of TRTX stock?

You can check TRTX's fair value in chart for subscribers. The fair value of TPG RE Finance Trust Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of TPG RE Finance Trust Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TRTX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is TPG RE Finance Trust Inc a good stock to buy?

The fair value guage provides a quick view whether TRTX is over valued or under valued. Whether TPG RE Finance Trust Inc is cheap or expensive depends on the assumptions which impact TPG RE Finance Trust Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TRTX.

What is TPG RE Finance Trust Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, TRTX's PE ratio (Price to Earnings) is -6.44 and Price to Sales (PS) ratio is 1.96. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TRTX PE ratio will change depending on the future growth rate expectations of investors.