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, mixed use, multifamily, industrial, retail, and hospitality 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 founded in 2014 and is based in new york, new york.
Company profile
Ticker
TRTX, TRTX+C
Exchange
Website
CEO
Greta Guggenheim
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
TPG RE Finance, Ltd. • TPG RE Finance • TPG RE Finance, LLC • TRT Securities 1, LLC • TRT Securities 2, LLC • TRT Securities 3, LLC • TRT Securities 4, LLC • TRT Securities 5, LLC • TRTX CLO Loan Seller 2, LLC • TRTX 2018-FL2 Retention Holder, LLC ...
TRTX stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
3 Apr 24
DEFA14A
Additional proxy soliciting materials
3 Apr 24
DEF 14A
Definitive proxy
3 Apr 24
8-K
Results of Operations and Financial Condition
20 Feb 24
10-K
2023 FY
Annual report
20 Feb 24
8-K
Regulation FD Disclosure
3 Jan 24
8-K
Departure of Directors or Certain Officers
15 Dec 23
8-K
Regulation FD Disclosure
15 Nov 23
8-K
Results of Operations and Financial Condition
31 Oct 23
10-Q
2023 Q3
Quarterly report
31 Oct 23
Transcripts
TRTX
Earnings call transcript
2023 Q4
21 Feb 24
TRTX
Earnings call transcript
2023 Q3
1 Nov 23
TRTX
Earnings call transcript
2023 Q2
2 Aug 23
TRTX
Earnings call transcript
2023 Q1
3 May 23
TRTX
Earnings call transcript
2022 Q4
22 Feb 23
TRTX
Earnings call transcript
2022 Q3
2 Nov 22
TRTX
Earnings call transcript
2022 Q2
3 Aug 22
TRTX
Earnings call transcript
2022 Q1
4 May 22
TRTX
Earnings call transcript
2021 Q4
23 Feb 22
TRTX
Earnings call transcript
2021 Q3
3 Nov 21
Latest ownership filings
SC 13G/A
Nan Shan Life Insurance Co., Ltd.
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
4
Michael Bradley Smith
29 Jan 24
4
WENDY SILVERSTEIN
29 Jan 24
4
GREGORY WHITE
29 Jan 24
4
Michael Gillmore
29 Jan 24
4
Todd Schuster
29 Jan 24
SC 13G/A
BlackRock Inc.
26 Jan 24
4
Julie Hong
22 Dec 23
4
Todd Schuster
22 Dec 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 302.35 mm | 302.35 mm | 302.35 mm | 302.35 mm | 302.35 mm | 302.35 mm |
Cash burn (monthly) | 1.78 mm | (no burn) | 20.40 mm | 7.20 mm | (no burn) | (no burn) |
Cash used (since last report) | 12.14 mm | n/a | 139.08 mm | 49.09 mm | n/a | n/a |
Cash remaining | 290.21 mm | n/a | 163.27 mm | 253.25 mm | n/a | n/a |
Runway (months of cash) | 163.0 | n/a | 8.0 | 35.2 | n/a | n/a |
Institutional ownership, Q3 2023
72.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 120 |
Opened positions | 18 |
Closed positions | 9 |
Increased positions | 38 |
Reduced positions | 43 |
13F shares | Current |
---|---|
Total value | 300.24 bn |
Total shares | 56.79 mm |
Total puts | 33.70 k |
Total calls | 33.20 k |
Total put/call ratio | 1.0 |
Largest owners | Shares | Value |
---|---|---|
Starwood Capital Group Global Ii | 12.00 mm | $90.12 mm |
TPG GP A | 7.09 mm | $47.69 bn |
Vanguard | 5.99 mm | $40.28 bn |
BLK Blackrock | 5.54 mm | $37.26 bn |
Nan Shan Life Insurance | 3.32 mm | $22.33 bn |
GS Goldman Sachs | 3.25 mm | $21.88 bn |
IVZ Invesco | 1.97 mm | $13.24 bn |
C Citigroup | 1.86 mm | $12.50 bn |
STT State Street | 1.52 mm | $10.56 bn |
Geode Capital Management | 1.37 mm | $9.22 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Jan 24 | Gillmore Michael | Common Stock | Grant | Acquire A | No | No | 6.5 | 1,073 | 6.97 k | 61,186 |
25 Jan 24 | Schuster Todd | Common Stock | Grant | Acquire A | No | No | 6.5 | 147 | 955.50 | 35,166 |
25 Jan 24 | Smith Michael Bradley | Common Stock | Grant | Acquire A | No | No | 6.5 | 1,073 | 6.97 k | 61,186 |
25 Jan 24 | Silverstein Wendy | Common Stock | Grant | Acquire A | No | No | 6.5 | 1,073 | 6.97 k | 61,186 |
25 Jan 24 | White Gregory | Common Stock | Grant | Acquire A | No | No | 6.5 | 1,073 | 6.97 k | 61,186 |
News
Analyst Scoreboard: 4 Ratings For TPG RE Finance Trust
12 Apr 24
Raymond James Downgrades TPG RE Finance Trust to Outperform, Maintains $8.5 Price Target
12 Apr 24
JP Morgan Maintains Neutral on TPG RE Finance Trust, Raises Price Target to $7.5
10 Apr 24
Downgrades Flood In For Commercial Real Estate Stocks: Analysts Warn Of 'Rocky Road Ahead'
4 Mar 24
Why International Flavors & Fragrances Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
21 Feb 24
Press releases
TPG RE Finance Trust, Inc. Announces First Quarter 2024 Earnings Release and Conference Call Dates
17 Apr 24
TPG RE Finance Trust, Inc. Declares Cash Dividend on Common Stock
15 Mar 24
TPG RE Finance Trust, Inc. Declares Cash Dividend on Series C Cumulative Redeemable Preferred Stock
8 Mar 24
TPG RE Finance Trust, Inc. Reports Operating Results for the Quarter and Full Year Ended December 31, 2023
20 Feb 24
TPG RE Finance Trust, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Dates
7 Feb 24