TRTX - TPG RE Finance Trust, Inc.

NYSE - NYSE Delayed Price. Currency in USD
7.94
+0.53 (+7.15%)
At close: 4:00PM EDT

7.94 0.00 (0.00%)
After hours: 5:48PM EDT

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Previous Close7.41
Open7.44
Bid7.80 x 800
Ask8.25 x 800
Day's Range7.32 - 8.22
52 Week Range2.45 - 21.30
Volume956,659
Avg. Volume2,271,461
Market Cap608.609M
Beta (5Y Monthly)1.98
PE Ratio (TTM)N/A
EPS (TTM)-1.82
Earnings DateJul. 27, 2020 - Jul. 31, 2020
Forward Dividend & Yield1.72 (22.90%)
Ex-Dividend DateJun. 12, 2020
1y Target Est14.58
  • TPG RE Finance Trust, Inc. Announces Strategic Investment from Starwood Capital
    Business Wire

    TPG RE Finance Trust, Inc. Announces Strategic Investment from Starwood Capital

    TPG RE Finance Trust, Inc. (NYSE: TRTX) ("TRTX" or the "Company") announced today that it has entered into a definitive investment agreement with an affiliate of Starwood Capital Group ("Starwood Capital"), a global investment firm focused on real estate, for a commitment of up to $325 million in new capital. Under the terms of the agreement, Starwood Capital has made a strategic, non-voting investment in the Company in the form of preferred stock and detachable warrants to purchase TRTX common stock. The investment will provide TRTX with immediate liquidity and access to additional capital at its option, ensuring the Company has the resources and flexibility to adapt amid the current market disruption, and grow its business as market conditions warrant. Proceeds from the initial closing will be used to make voluntary deleveraging payments under certain of the Company’s secured financing facilities, and for general corporate purposes.

  • Bloomberg

    Starwood Is in Advanced Financing Discussions With TPG REIT

    (Bloomberg) -- A Starwood Capital Group affiliate is in advanced talks to provide fresh financing to TPG RE Finance Trust Inc., the mortgage real estate investment trust that’s warned it may not have sufficient liquidity to meet obligations and sustain operations.Starwood’s proposal, details of which couldn’t immediately be learned, is currently favored by the TPG-managed REIT ahead of alternatives presented by firms including Oxford Properties Group Inc. and Neuberger Berman’s Almanac Realty Investors LLC, said people with knowledge of the matter. If a financing agreement is reached, it may be announced as soon as this month, said the people, who asked not to be identified because the talks are private.Representatives for Starwood and TPG declined to comment.In TPG RE’s going-concern warning, the Greta Guggenheim-led company said that, as a result of extreme short-term volatility and negative pressure in the financial markets, it was “forced to sell certain of our assets at an inopportune time” to meet margin calls. The REIT also signaled that the shutdown caused by the coronavirus pandemic could, for example, drive at least nine hotel loans into default.As of March 31, TPG RE’s loan investment portfolio was made up of 65 first mortgages and one mezzanine loan with total commitments of $5.8 billion, filings show.TPG RE’s stock has sunk roughly 70% this year to less than $6 a share, leaving the company with a market value of about $460 million. Analysts have reduced their 12-month price targets on the stock, with JPMorgan Chase & Co. recently slicing its projection to $7.50 from $20.50, data compiled by Bloomberg show.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • TPG RE Finance Trust, Inc. (TRTX) Q1 2020 Earnings Call Transcript
    Motley Fool

    TPG RE Finance Trust, Inc. (TRTX) Q1 2020 Earnings Call Transcript

    Image source: The Motley Fool. TPG RE Finance Trust, Inc. (NYSE: TRTX)Q1 2020 Earnings CallMay 12, 2020, 8:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGreetings, and welcome to the TPG RE Finance Trust first-quarter 2020 earnings conference call.

  • The Consensus EPS Estimates For TPG RE Finance Trust, Inc. (NYSE:TRTX) Just Fell A Lot
    Simply Wall St.

    The Consensus EPS Estimates For TPG RE Finance Trust, Inc. (NYSE:TRTX) Just Fell A Lot

    One thing we could say about the analysts on TPG RE Finance Trust, Inc. (NYSE:TRTX) - they aren't optimistic, having...

  • TPG RE Finance Trust, Inc. Reports Operating Results for the Quarter Ended, March 31, 2020
    Business Wire

    TPG RE Finance Trust, Inc. Reports Operating Results for the Quarter Ended, March 31, 2020

    TPG RE Finance Trust, Inc. (NYSE: TRTX) ("TRTX" or the "Company") reported its operating results for the quarter ended March 31, 2020. For the first quarter of 2020, GAAP net loss attributable to common stockholders was $233.1 million, net loss per diluted common share was $(3.05), and book value per common share at March 31, 2020 was $16.06.

  • TPG RE Finance Trust, Inc. Announces First Quarter 2020 Earnings Release and Webcast Dates
    Business Wire

    TPG RE Finance Trust, Inc. Announces First Quarter 2020 Earnings Release and Webcast Dates

    TPG RE Finance Trust, Inc. (NYSE: TRTX) ("TRTX" or the "Company") today announced it will release financial results for the first quarter 2020 and file its Form 10-Q after the market close on Monday, May 11, 2020. A webcast and conference call to review its financial results will be held at 8:30 a.m. ET on Tuesday, May 12, 2020 and will be hosted by Greta Guggenheim, Chief Executive Officer, and Bob Foley, Chief Financial and Risk Officer.

  • Earnings Preview: TPG RE Finance Trust (TRTX) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: TPG RE Finance Trust (TRTX) Q1 Earnings Expected to Decline

    TPG RE Finance Trust (TRTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • TPG RE Finance Trust, Inc. Provides Update on CRE Debt Securities Portfolio
    Business Wire

    TPG RE Finance Trust, Inc. Provides Update on CRE Debt Securities Portfolio

    On April 24, 2020, TPG RE Finance Trust, Inc. (NYSE: TRTX) ("TRTX" or the "Company") sold CRE debt securities, subject to customary settlement, with an aggregate face amount of $19.7 million (the "Transaction"). Upon completion of the Transaction, the Company will own no CRE debt securities and will not have any associated liabilities.

  • Bearish: Analysts Just Cut Their TPG RE Finance Trust, Inc. (NYSE:TRTX) Revenue and EPS estimates
    Simply Wall St.

    Bearish: Analysts Just Cut Their TPG RE Finance Trust, Inc. (NYSE:TRTX) Revenue and EPS estimates

    One thing we could say about the analysts on TPG RE Finance Trust, Inc. (NYSE:TRTX) - they aren't optimistic, having...

  • Why TPG RE Finance Trust (TRTX) is Poised to Beat Earnings Estimates Again
    Zacks

    Why TPG RE Finance Trust (TRTX) is Poised to Beat Earnings Estimates Again

    TPG RE Finance Trust (TRTX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • TPG RE Finance Trust, Inc. Provides Update
    Business Wire

    TPG RE Finance Trust, Inc. Provides Update

    On April 2, 2020, TPG RE Finance Trust, Inc. (NYSE: TRTX) ("TRTX" or the "Company") sold CRE debt securities with an aggregate face amount of approximately $572 million (the "Transaction"). These securities represented the entirety of the Company’s CRE debt securities portfolio, other than those bonds with a AAA rating. After satisfaction of approximately $429 million under the Company’s secured revolving repurchase facilities, the Company’s exposure to mark-to-market debt against its remaining CRE debt securities portfolio was approximately $166 million, which debt was secured by AAA rated CRE debt securities with an aggregate face amount of approximately $209 million. As of April 6, 2020, there are no outstanding and unpaid margin calls with respect to any of the Company’s secured revolving repurchase facilities.

  • A Rent Wipeout Could Ignite a Mortgage Crisis
    Bloomberg

    A Rent Wipeout Could Ignite a Mortgage Crisis

    (Bloomberg Opinion) -- The rent is too high. And that’s causing consternation across Wall Street desks still traumatized by the 2008 financial crisis.As the days go by in an unprecedented shutdown of the U.S. economy to slow the coronavirus outbreak, any amount of rent looks increasingly difficult to cover for a wide swath of Americans, from recently fired service workers to local small-business owners. Unfortunately for those most affected, these payments can’t simply be wiped out — at least, not without dire repercussions. My Bloomberg Opinion colleague Noah Smith wrote a column this week arguing that people need a break on all sorts of debts. But when it comes to rent, there’s pretty much no way around people eventually paying what they owe, ideally with the help of the U.S. government, or else risk “turning a health crisis into a banking crisis.”This, more or less, is the catastrophic “domino effect” that real-estate investor Tom Barrack, chief executive officer of Colony Capital Inc., warned about this week. Simply put, if commercial tenants don’t pay rent because of a lack of cash, then property owners might be squeezed and default on their mortgage payments. The same goes for homeowners. That could bring the problem squarely onto the balance sheets of large U.S. banks, which will suffer steep losses on their loans.At first, it might have seemed as if Barrack was simply talking his book. But as more details emerged about the carnage across the $16 trillion U.S. mortgage market, it’s clear that the complex web of financial obligations tied to real estate could again be the flashpoint that leads to a financial crisis without some sort of intervention.Part of the reason that mortgages are again veering into crisis mode is because the modern market has so many moving parts. My Bloomberg Opinion colleague Matt Levine laid it out in a five-part list, which you can (and should) read here. Suffice it to say, if money is being lent twice-over in the repo market, the players are highly leveraged and vulnerable to an unexpected shock. The coronavirus outbreak certainly qualifies as such — some 47,000 U.S. chain stores temporary closed in the span of a week, Bloomberg News reported Tuesday. The median estimate for initial jobless claims on Thursday is 1.5 million, up from 281,000 previously.This mortgage-market meltdown is happening largely because everyone in the money chain is anxious and wants to cash out at the same time. But it also comes back to rent. It’s anyone’s guess when the American economy will be up and running again and what sort of assistance the federal government will provide to those companies forced to close and those individuals suddenly out of a job. It’s hard to blame banks for not wanting to wait around for answers and instead issue margin calls on mortgage real estate investment trusts.Those jitters caused emergency sales from the REITs, including relatively safe (and more liquid) agency debt. But that can’t last forever. On Tuesday, Invesco Mortgage Capital Inc. said it could longer fund margin calls, following in the footsteps of AG Mortgage Investment Trust Inc., which said it failed to meet some margin calls on Friday and doesn’t expect to meet them in the future, and TPG RE Finance Trust Inc., which is seeking flexibility from lenders. They’re almost certainly not the only ones.For now, there’s only so much the Federal Reserve can do to address these strains. It announced open-ended purchases of both U.S. Treasuries and agency mortgage-backed securities on Monday. The central bank is wasting no time flexing its muscle: It’s targeting $250 billion of agency MBS purchases this week after buying $67 billion last week. The previous record was $33 billion in March 2009, according to Morgan Stanley. Many observers are confident that the Fed’s “whatever it takes” model will restore order to the agency MBS market in no time.For non-agency securities, there’s not yet a dedicated lifeline. My Bloomberg Opinion colleague Marcus Ashworth suggests these assets may be the next order of business for the Fed. It’s hard to argue with that, given the central bank’s already unprecedented moves into the corporate and municipal markets.Before the Fed launches yet another emergency facility, though, central bankers should assess the fiscal stimulus package from Congress. If lawmakers provide enough relief for the most affected Americans to get through these next few months and cover their rent, lease and mortgage payments, it might be enough to prevent the first domino from falling in Barrack’s example.The coronavirus outbreak has suddenly halted cash flows of all kinds. Washington needs to keep the spigot open.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Do Options Traders Know Something About TPG RE Finance Trust (TRTX) Stock We Don't?
    Zacks

    Do Options Traders Know Something About TPG RE Finance Trust (TRTX) Stock We Don't?

    Investors need to pay close attention to TPG RE Finance Trust (TRTX) stock based on the movements in the options market lately.

  • Introducing TPG RE Finance Trust (NYSE:TRTX), The Stock That Tanked 73%
    Simply Wall St.

    Introducing TPG RE Finance Trust (NYSE:TRTX), The Stock That Tanked 73%

    It's not a secret that every investor will make bad investments, from time to time. But it would be foolish to simply...

  • TPG RE Finance Trust, Inc. Declares Cash Dividend of $0.43 Per Share
    Business Wire

    TPG RE Finance Trust, Inc. Declares Cash Dividend of $0.43 Per Share

    TPG RE Finance Trust, Inc. (NYSE: TRTX) ("TRTX" or the "Company") announced that on March 17, 2020, the Company’s Board of Directors declared a cash dividend of $0.43 per share of common stock for the first quarter of 2020. The dividend is payable on April 24, 2020 to stockholders of record as of March 27, 2020.

  • ACCESSWIRE

    TPG RE Finance Trust, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / February 19, 2020 / TPG RE Finance Trust, Inc. (NYSE:TRTX) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on February 19, 2020 ...

  • TPG RE Finance Trust (TRTX) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    TPG RE Finance Trust (TRTX) Reports Next Week: Wall Street Expects Earnings Growth

    TPG RE Finance Trust (TRTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • TPG RE Finance Trust (TRTX) Beats Q3 Earnings and Revenue Estimates
    Zacks

    TPG RE Finance Trust (TRTX) Beats Q3 Earnings and Revenue Estimates

    TPG RE Finance Trust (TRTX) delivered earnings and revenue surprises of 4.65% and 7.56%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • TPG RE Finance Trust (TRTX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    TPG RE Finance Trust (TRTX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    TPG RE Finance Trust (TRTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Don't Race Out To Buy TPG RE Finance Trust, Inc. (NYSE:TRTX) Just Because It's Going Ex-Dividend
    Simply Wall St.

    Don't Race Out To Buy TPG RE Finance Trust, Inc. (NYSE:TRTX) Just Because It's Going Ex-Dividend

    It looks like TPG RE Finance Trust, Inc. (NYSE:TRTX) is about to go ex-dividend in the next 2 days. Ex-dividend means...

  • GlobeNewswire

    NACD Pacific Southwest Chapter Announces Board Appointments and Upcoming 2019 Corporate Directors Symposium

    LOS ANGELES, Sept. 18, 2019 -- The National Association of Corporate Directors (NACD) Pacific Southwest Chapter today announced the expansion of its chapter leadership with the.

  • Do Institutions Own TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares?
    Simply Wall St.

    Do Institutions Own TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares?

    Every investor in TPG RE Finance Trust, Inc. (NYSE:TRTX) should be aware of the most powerful shareholder groups...

  • TPG RE Finance Trust, Inc. (TRTX) Q2 2019 Earnings Call Transcript
    Motley Fool

    TPG RE Finance Trust, Inc. (TRTX) Q2 2019 Earnings Call Transcript

    TRTX earnings call for the period ending June 30, 2019.

  • TPG RE Finance Trust (TRTX) Matches Q2 Earnings Estimates
    Zacks

    TPG RE Finance Trust (TRTX) Matches Q2 Earnings Estimates

    TPG RE Finance Trust (TRTX) delivered earnings and revenue surprises of 0.00% and 2.56%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?