TPG RE Finance Trust Inc (TRTX) News & EventsTRTXTPG RE Finance Trust Inc

TRTX Reports Strong Q3 Results, Board Approves $50 Million Share Repurchase Program

Regarding third quarter results, Doug Bouquard, Chief Executive Officer of TRTX, said: "Our third quarter results demonstrate TRTX's continued successful execution of the business plan we communicated several years ago. During the third quarter, we added $773 million of loan commitments, grew net earning assets by $600 million, and repurchased 1.2 million shares of common stock. Building on this momentum, our Board approved a new $50 million share repurchase program, doubling our prior authorization and underscoring our conviction in the value of TRTX shares and our disciplined approach to capital allocation. We enter the fourth quarter with a well-positioned balance sheet, with a focus on continuing to create long-term value for our shareholders."

TPG RE Finance Trust Prices $1B Loan Obligation

TPG RE Finance Trust announced the pricing of TRTX 2026-FL8, a $1B managed Commercial Real Estate Collateralized Loan Obligation. The Company expects approximately $820M of investment grade securities to be placed with institutional investors, providing TRTX with term financing on a non-mark-to-market, non-recourse basis. TRTX 2026-FL8 includes a 30-month reinvestment period and a weighted average interest rate at issuance of Term SOFR plus 1.43%, before transaction costs. TRTX 2026-FL8 is expected to close on or around October 2, subject to customary closing conditions. Wells Fargo Securities, is acting as sole structuring agent, co-lead manager and joint bookrunner for TRTX 2026-FL8. Goldman Sachs & Co. and Citigroup Global Markets Inc. are acting as co-lead managers and joint bookrunners, and BofA Securities, Inc., Morgan Stanley & Co, SMBC Nikko Securities America, HSBC Securities., Scotia Capital, Raymond James & Associates, Inc. and TPG Capital BD are acting as co-managers.

TRTX Q2 Distributable Earnings Reach 48 Cents Per Share

Book value per common share was $10.95 as of June 30 compared to $11.06 at March 31. Regarding Q2 results, Doug Bouquard, CEO of TRTX, said: "TRTX delivered strong first-half results, generating Distributable Earnings of 48c per share that fully covered our year-to-date common stock dividend. We had a highly active second quarter, investing $466M into new loans across our target asset classes while receiving $274M of repayments. Importantly, we transformed our liability structure over the last quarter by closing a $400M Term Loan B and a $100M Corporate Revolver, securing highly durable, non-mark-to-market liquidity with the ability to drive steady earnings and long-term shareholder value. TRTX is exceptionally well-positioned to navigate the evolving commercial mortgage REIT landscape and capture accretive growth."