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 North America. 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 office, multifamily, mixed-use, hospitality, 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.
IPO Year: 2017
Exchange: NYSE
Website: tpgrefinance.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/17/2024 | $9.00 → $9.50 | Neutral → Overweight | JP Morgan |
| 7/19/2024 | $11.00 | Buy | BTIG Research |
| 4/12/2024 | $8.50 | Strong Buy → Outperform | Raymond James |
| 3/4/2024 | $6.50 | Neutral → Underperform | BofA Securities |
| 4/25/2023 | Neutral | BTIG Research | |
| 11/21/2022 | $8.00 | Neutral | BofA Securities |
| 11/2/2022 | Buy → Neutral | BTIG Research | |
| 1/7/2022 | $15.50 → $16.00 | Strong Buy | Raymond James |
| 7/23/2021 | $13.50 → $14.50 | Market Outperform | JMP Securities |
4 - TPG RE Finance Trust, Inc. (0001630472) (Issuer)
4 - TPG RE Finance Trust, Inc. (0001630472) (Issuer)
4 - TPG RE Finance Trust, Inc. (0001630472) (Issuer)
4 - TPG RE Finance Trust, Inc. (0001630472) (Issuer)
4 - TPG RE Finance Trust, Inc. (0001630472) (Issuer)
4 - TPG RE Finance Trust, Inc. (0001630472) (Issuer)
4 - TPG RE Finance Trust, Inc. (0001630472) (Issuer)
4 - TPG RE Finance Trust, Inc. (0001630472) (Issuer)
4 - TPG RE Finance Trust, Inc. (0001630472) (Issuer)
4 - TPG RE Finance Trust, Inc. (0001630472) (Issuer)
JP Morgan upgraded TPG RE Finance Trust from Neutral to Overweight and set a new price target of $9.50 from $9.00 previously
BTIG Research resumed coverage of TPG RE Finance Trust with a rating of Buy and set a new price target of $11.00
Raymond James downgraded TPG RE Finance Trust from Strong Buy to Outperform and set a new price target of $8.50
BofA Securities downgraded TPG RE Finance Trust from Neutral to Underperform and set a new price target of $6.50
BTIG Research resumed coverage of TPG RE Finance Trust with a rating of Neutral
BofA Securities resumed coverage of TPG RE Finance Trust with a rating of Neutral and set a new price target of $8.00
BTIG Research downgraded TPG RE Finance Trust from Buy to Neutral
Raymond James reiterated coverage of TPG RE Finance Trust with a rating of Strong Buy and set a new price target of $16.00 from $15.50 previously
JMP Securities reiterated coverage of TPG RE Finance Trust with a rating of Market Outperform and set a new price target of $14.50 from $13.50 previously
Raymond James reiterated coverage of TPG RE Finance Trust with a rating of Strong Buy and set a new price target of $15.50 from $13.00 previously
8-K - TPG RE Finance Trust, Inc. (0001630472) (Filer)
S-8 - TPG RE Finance Trust, Inc. (0001630472) (Filer)
8-K - TPG RE Finance Trust, Inc. (0001630472) (Filer)
8-K - TPG RE Finance Trust, Inc. (0001630472) (Filer)
10-Q - TPG RE Finance Trust, Inc. (0001630472) (Filer)
DEFA14A - TPG RE Finance Trust, Inc. (0001630472) (Filer)
DEF 14A - TPG RE Finance Trust, Inc. (0001630472) (Filer)
8-K - TPG RE Finance Trust, Inc. (0001630472) (Filer)
8-K - TPG RE Finance Trust, Inc. (0001630472) (Filer)
8-K - TPG RE Finance Trust, Inc. (0001630472) (Filer)
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced that the Company's Board of Directors has declared a cash dividend of $0.24 per share of common stock for the second quarter of 2025. The dividend will be payable on July 25, 2025 to common stockholders of record as of June 27, 2025. ABOUT TRTX TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platf
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced the Company's Board of Directors declared a cash dividend of $0.3906 per share of 6.25% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") for the second quarter of 2025. The Series C Preferred Stock dividend is payable on June 30, 2025 to preferred stockholders of record as of June 20, 2025. ABOUT TRTX TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Tru
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") reported its operating results for the quarter ended March 31, 2025. Regarding first quarter results, Doug Bouquard, Chief Executive Officer of TRTX, said: "TRTX produced solid operating results that again covered our $0.24 dividend. TRTX is differentiated by its strong liquidity, stable liability structure, and accretive capital allocation decisions. Over the past few months, TRTX issued a $1.1 billion CRE CLO and repurchased approximately $9 million of common shares while recently deploying capital into new investments. These moves increased our liquidity, extended the duration of our liabilities while reducing our cost of
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced it will release financial results for the first quarter 2025 and file its Form 10-Q and earnings supplemental after the market close on Tuesday, April 29, 2025. CONFERENCE CALL AND WEBCAST INFORMATION The Company will host a conference call and webcast to review its financial results with investors and other interested parties at 9:00 a.m. ET on Wednesday, April 30, 2025. To participate in the conference call, callers from the United States and Canada should dial +1 (877) 407-9716, and international callers should dial +1 (201) 493-6779, ten minutes prior to the scheduled call time. The webcast may also be ac
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") announced today that it closed on Friday, March 28, 2025 TRTX 2025-FL6, a $1.1 billion managed Commercial Real Estate Collateralized Loan Obligation ("CRE CLO"). The Company placed $962.5 million of investment grade securities with institutional investors, providing TRTX with term financing on a non-mark-to-market, non-recourse basis. TRTX 2025-FL6 includes a 30-month reinvestment period, an advance rate of 87.5%, and a weighted average interest rate at issuance of Term SOFR plus 1.83%, before transaction costs. In connection with TRTX 2025-FL6, TRTX redeemed on March 17, 2025 TRTX 2019-FL3, a CRE CLO which had approximately $
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced that the Company's Board of Directors has declared a cash dividend of $0.24 per share of common stock for the first quarter of 2025. The dividend will be payable on April 25, 2025 to common stockholders of record as of March 28, 2025. ABOUT TRTX TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platfo
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced the pricing of TRTX 2025-FL6, a $1.1 billion managed Commercial Real Estate Collateralized Loan Obligation ("CRE CLO"). The Company expects approximately $962.5 million 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 2025-FL6 includes a 30-month reinvestment period, an advance rate of 87.5%, and a weighted average interest rate at issuance of Term SOFR plus 1.83%, before transaction costs. In connection with TRTX 2025-FL6, TRTX will redeem on March 17, 2025 TRTX 2019-FL3, a CRE CLO which currently has
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced the Company's Board of Directors declared a cash dividend of $0.3906 per share of 6.25% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") for the first quarter of 2025. The Series C Preferred Stock dividend is payable on March 31, 2025 to preferred stockholders of record as of March 21, 2025. ABOUT TRTX TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trus
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") reported its operating results for the quarter and full year ended December 31, 2024. Regarding fourth quarter and year ended 2024 results, Doug Bouquard, Chief Executive Officer of TRTX, said: "During 2024 we out earned our annual common stock dividend rate of $0.96 per share. We ended the year with $321 million of cash and near-term available liquidity, a 100% performing loan portfolio, unchanged risk ratings, and a $5 million quarter-over-quarter decline in our CECL reserve. In the fourth quarter, we originated $242 million of new loan investments, received $110 million of loan repayments, and registered our second consecu
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced it will release financial results for the fourth quarter and year ended 2024 and file its Form 10-K and earnings supplemental after the market close on Tuesday, February 18, 2025. CONFERENCE CALL AND WEBCAST INFORMATION The Company will host a conference call and webcast to review its financial results with investors and other interested parties at 9:00 a.m. ET on Wednesday, February 19, 2025. To participate in the conference call, callers from the United States and Canada should dial +1 (877) 407-9716, and international callers should dial +1 (201) 493-6779, ten minutes prior to the scheduled call time. Th
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced that the Company's Board of Directors has declared a cash dividend of $0.24 per share of common stock for the second quarter of 2025. The dividend will be payable on July 25, 2025 to common stockholders of record as of June 27, 2025. ABOUT TRTX TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platf
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced the Company's Board of Directors declared a cash dividend of $0.3906 per share of 6.25% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") for the second quarter of 2025. The Series C Preferred Stock dividend is payable on June 30, 2025 to preferred stockholders of record as of June 20, 2025. ABOUT TRTX TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Tru
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") reported its operating results for the quarter ended March 31, 2025. Regarding first quarter results, Doug Bouquard, Chief Executive Officer of TRTX, said: "TRTX produced solid operating results that again covered our $0.24 dividend. TRTX is differentiated by its strong liquidity, stable liability structure, and accretive capital allocation decisions. Over the past few months, TRTX issued a $1.1 billion CRE CLO and repurchased approximately $9 million of common shares while recently deploying capital into new investments. These moves increased our liquidity, extended the duration of our liabilities while reducing our cost of
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced it will release financial results for the first quarter 2025 and file its Form 10-Q and earnings supplemental after the market close on Tuesday, April 29, 2025. CONFERENCE CALL AND WEBCAST INFORMATION The Company will host a conference call and webcast to review its financial results with investors and other interested parties at 9:00 a.m. ET on Wednesday, April 30, 2025. To participate in the conference call, callers from the United States and Canada should dial +1 (877) 407-9716, and international callers should dial +1 (201) 493-6779, ten minutes prior to the scheduled call time. The webcast may also be ac
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") announced today that it closed on Friday, March 28, 2025 TRTX 2025-FL6, a $1.1 billion managed Commercial Real Estate Collateralized Loan Obligation ("CRE CLO"). The Company placed $962.5 million of investment grade securities with institutional investors, providing TRTX with term financing on a non-mark-to-market, non-recourse basis. TRTX 2025-FL6 includes a 30-month reinvestment period, an advance rate of 87.5%, and a weighted average interest rate at issuance of Term SOFR plus 1.83%, before transaction costs. In connection with TRTX 2025-FL6, TRTX redeemed on March 17, 2025 TRTX 2019-FL3, a CRE CLO which had approximately $
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced that the Company's Board of Directors has declared a cash dividend of $0.24 per share of common stock for the first quarter of 2025. The dividend will be payable on April 25, 2025 to common stockholders of record as of March 28, 2025. ABOUT TRTX TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platfo
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced the pricing of TRTX 2025-FL6, a $1.1 billion managed Commercial Real Estate Collateralized Loan Obligation ("CRE CLO"). The Company expects approximately $962.5 million 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 2025-FL6 includes a 30-month reinvestment period, an advance rate of 87.5%, and a weighted average interest rate at issuance of Term SOFR plus 1.83%, before transaction costs. In connection with TRTX 2025-FL6, TRTX will redeem on March 17, 2025 TRTX 2019-FL3, a CRE CLO which currently has
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced the Company's Board of Directors declared a cash dividend of $0.3906 per share of 6.25% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") for the first quarter of 2025. The Series C Preferred Stock dividend is payable on March 31, 2025 to preferred stockholders of record as of March 21, 2025. ABOUT TRTX TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trus
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") reported its operating results for the quarter and full year ended December 31, 2024. Regarding fourth quarter and year ended 2024 results, Doug Bouquard, Chief Executive Officer of TRTX, said: "During 2024 we out earned our annual common stock dividend rate of $0.96 per share. We ended the year with $321 million of cash and near-term available liquidity, a 100% performing loan portfolio, unchanged risk ratings, and a $5 million quarter-over-quarter decline in our CECL reserve. In the fourth quarter, we originated $242 million of new loan investments, received $110 million of loan repayments, and registered our second consecu
TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") today announced it will release financial results for the fourth quarter and year ended 2024 and file its Form 10-K and earnings supplemental after the market close on Tuesday, February 18, 2025. CONFERENCE CALL AND WEBCAST INFORMATION The Company will host a conference call and webcast to review its financial results with investors and other interested parties at 9:00 a.m. ET on Wednesday, February 19, 2025. To participate in the conference call, callers from the United States and Canada should dial +1 (877) 407-9716, and international callers should dial +1 (201) 493-6779, ten minutes prior to the scheduled call time. Th
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