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TPG RE Finance Trust, Inc. TRTX Mortgage Loans On Real Estate

Discontinued — last reported Q3 '23

Mortgage Loans On Real Estate at other companies

Starwood Property Trust logo
Starwood Property TrustSTWD
$22.03B+8.4%
CTO Realty Growth logo
CTO Realty GrowthCTO
$80.71M-23.1%
Seven Hills Realty Trust logo
Seven Hills Realty TrustSEVN

Other financials

Income statement

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Revenue$74.1M+4.8%
Net income$13.1M-36.3%
EPS (diluted)$0.12-42.9%

Balance sheet

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Cash & equivalents$39.5M-76.3%
Total debt$3.6B
Total equity$1.0B-4.2%
Total assets$4.6B+10.4%

Cash flow

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Operating cash flow$21.6M-12.8%
CapEx$183.0K
Free cash flow$21.4M-14.3%

Valuation

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Market cap$605.71M-12.7%
Enterprise value$4.15B
P/E10.4×+0.1×
P/S-0.4×

Profitability

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Net margin19.4%-4.2pp
FCF margin30.5%-2.0pp

Returns & leverage

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Return on equity5.4%-0.6pp
Debt / equity3.4×

Where this comes from

Reported directly by TPG RE Finance Trust, Inc. in its filing.

Tagged under the XBRL concept us-gaap:MortgageLoansOnRealEstate.

The source filing: TPG RE Finance Trust, Inc.’s 10-Q, filed October 31, 2023.

Filed
Oct 31, 2023, 4:11 PM EDT
Fiscal quarter
Q3 FY2023
Calendar quarter
Q3 2023
Accession
0001630472-23-000029
Line itemCarrying valueCarrying value
Collection of principal(790,415)
Collection of accrued PIK interest(542)
Collection of interest applied to reduce principal under the cost-recovery method(12,976)
Realized loss on loan sales and REO conversions(150,615)
Loan sales(202,294)
Loan extinguishment upon conversion to REO(132,088)
Increase of allowance for credit losses(15,986)
Balance as of September 30, 2023$$3,738,844

Item 1. Financial Statements

FAQ

What is TPG RE Finance Trust, Inc.'s mortgage loans on real estate?
TPG RE Finance Trust, Inc. (TRTX) reported mortgage loans on real estate of $3.74B in Q3 2023.
How has TPG RE Finance Trust, Inc.'s mortgage loans on real estate changed year-over-year?
TPG RE Finance Trust, Inc.'s mortgage loans on real estate decreased by 26.6% year-over-year, from $5.09B to $3.74B.

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