Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
20 July 2017Website:
http://www.tpgrefinance.comNext earnings report:
01 August 2024Last dividends:
27 March 2024Next dividends:
27 June 2024Price
after hours | Fri, 21 Jun 2024 22:19:16 GMTAnalysts recommendations
Institutional Ownership
TRTX Latest News
Shares of TPG RE Finance Trust (TRTX) have recently begun to rise and are expected to continue increasing in the near future due to positive revisions in earnings estimates.
Is TPG RE Finance Trust (TRTX) a strong contender for momentum investors seeking top stock picks? Let's investigate.
The key figures for TPG RE Finance Trust (TRTX) offer a glimpse into the company's performance in the first quarter of 2024, but it could be beneficial to analyze certain metrics against Wall Street forecasts and last year's results.
TPG RE Finance Trust (TRTX) reported quarterly earnings of $0.30 per share, surpassing the Zacks Consensus Estimate of $0.17 per share. This is an improvement from earnings of $0.17 per share in the same quarter last year.
TPG RE Finance Trust: Why I Bought The 9.5% Yielding Preferreds
TPG RE Finance Trust (TRTX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
TPG RE Finance Trust is paying out a 15% dividend yield that was only 75% covered by its third-quarter distributable earnings. The mortgage REIT is currently trading at a material 46% discount to its $12.04 book value per share. A dividend cut is possible on a continued dip in distributable earnings.
TPG RE Finance Trust, Inc. (NYSE:TRTX ) Q3 2023 Earnings Conference Call November 1, 2023 9:00 AM ET Company Participants Deborah Ginsberg - General Counsel, Vice President and Secretary Doug Bouquard - Chief Executive Officer Robert Foley - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Sarah Barcomb - BTIG Rick Shane - JPMorgan Arren Cyganovich - Citi Operator Good morning, and welcome to the TPG Real Estate Finance Trust Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.
TPG RE Finance Trust (TRTX) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of $0.16. This compares to earnings of $0.27 per share a year ago.
Shares of TRTX sold off sharply after their Q1 2023 earnings report. We'll take a deeper look in this article as to why this might be. Before sharing my three takeaways from the report, I'll give some background information on management. They will be key to performance in this environment.
What type of business is TPG RE Finance Trust?
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 office, multifamily, life science, 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.
What sector is TPG RE Finance Trust in?
TPG RE Finance Trust is in the Real Estate sector
What industry is TPG RE Finance Trust in?
TPG RE Finance Trust is in the Mortgage industry
What country is TPG RE Finance Trust from?
TPG RE Finance Trust is headquartered in United States
When did TPG RE Finance Trust go public?
TPG RE Finance Trust initial public offering (IPO) was on 20 July 2017
What is TPG RE Finance Trust website?
https://www.tpgrefinance.com
Is TPG RE Finance Trust in the S&P 500?
No, TPG RE Finance Trust is not included in the S&P 500 index
Is TPG RE Finance Trust in the NASDAQ 100?
No, TPG RE Finance Trust is not included in the NASDAQ 100 index
Is TPG RE Finance Trust in the Dow Jones?
No, TPG RE Finance Trust is not included in the Dow Jones index
When does TPG RE Finance Trust report earnings?
The next expected earnings date for TPG RE Finance Trust is 01 August 2024