NYSE$TRTX

TPG RE Finance Trust Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported operating results with a GAAP net loss attributable to common stockholders of $233.1 million.

TPG RE Finance Trust, Inc. reported its operating results for the quarter ended March 31, 2020. The company generated a GAAP net loss attributable to common stockholders of $233.1 million, or $(3.05) per diluted common share. The complete divestiture of their securities portfolio demonstrates their commitment to defending their balance sheet to enable them to serve their borrowers and lenders, weather this storm, and maximize value for shareholders.

  • GAAP net loss attributable to common stockholders was $233.1 million, or $(3.05) per diluted common share.
  • Net interest margin on investments increased to $43.3 million from $37.2 million.
  • Closed five new loan commitments totaling $437.4 million.
  • Sustained losses on CRE debt securities of $203.5 million.

Headline financials

Total Revenue

$43.6M

Previous: $37.7M+15.8%
EPS (adj)

$0.45

Previous: $0.42+7.1%
Free Cash Flow

-$233M

Previous: $28.4M-919.3%
Net Income

-$233M

Previous: $28.4M-919.3%
Operating Income

-$39.9M

Previous: $16.1M-347.8%
Gross Profit

-$19.7M

Previous: $37.7M-152.4%
Cash & Equivalents

$104M

Previous: $55.4M+86.9%
Total Assets

$5.83B

Previous: $5.12B+13.8%
Stock-Based Comp

$1.4M

Previous: $633K+121.3%

Revenue & EPS history

TRTX · Revenue · Quarterly

$43.6M

Q1 2020+15.8%vs Q1 2019
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Forward guidance

Despite strong loan originations through early March, the COVID-19 pandemic presents real challenges to TRTX, and to the commercial real estate industry.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-1.1%

Avg return

Earnings day

-0.9%

Avg return

5 days after

+0.6%

Avg return

30 days after

45%

18 / 40 earnings

Positive

+14.2%

Q4 2023

Best reaction

-19.5%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%-0.4%+0.4%
Q4 2025-3.6%-5.3%-11.1%
Q3 2025-3.4%-1.9%+1.9%
Q1 2025+1.5%+1.5%+2.0%
Q4 2024-5.2%-4.4%-3.0%
Q3 2024+5.1%+4.5%+9.8%
Q2 2024-1.2%-4.3%+2.8%
Q1 2024+8.8%+9.7%+12.1%
Q4 2023+14.2%+21.2%+40.2%
Q3 2023-7.7%-4.2%+3.5%
Q2 2023-12.1%-8.2%-3.6%
Q1 2023-19.5%-19.4%-7.8%
Q4 2022+10.8%+7.8%-15.8%
Q3 2022-14.5%-20.3%-11.0%
Q2 2022-5.2%-7.1%-17.0%
Q1 2022+4.8%+1.3%+1.0%
Q4 2021-5.1%-3.4%-2.4%
Q3 2021-2.8%+0.5%-6.5%
Q2 2021-2.6%-0.5%-3.5%
Q1 2021-0.3%+3.7%+5.5%
Q4 2020-5.2%-1.3%+2.3%
Q3 2020+0.6%+5.6%+33.0%
Q2 2020+5.3%+3.0%+9.4%
Q1 2020-9.8%-17.8%+25.1%
Q4 2019+0.4%+0.8%-63.8%
Q3 2019+2.5%+1.6%+2.0%
Q2 2019-0.2%-0.3%-1.6%
Q1 2019-0.4%+1.7%-1.7%
Q4 2016+0.2%+0.1%-2.3%
Q4 2018-0.6%-0.1%-0.7%
Q3 2018+0.2%+1.0%-1.5%
Q2 2018-0.5%-5.8%+0.1%
Q1 2017+0.7%+0.4%+2.9%
Q1 2018+0.7%+0.4%+2.9%
Q2 2017+0.1%+0.3%+6.1%
Q4 2017+0.1%+0.3%+6.1%
Q4 2015+0.1%+0.3%+6.1%
Q3 2016-0.8%-0.9%-0.6%
Q3 2017-0.8%-0.9%-0.6%
Q2 2016+2.7%+3.4%+2.0%
Q1 2016

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