NYSE$TRTX

TPG RE Finance Trust Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a net loss due to common stockholders and strategically deployed capital into new investments.

TPG RE Finance Trust reported a GAAP net loss attributable to common stockholders of $(117.9) million, or $(1.52) per common share. The company opportunistically deployed $984.0 million into new investments and maintained ample liquidity of $571.3 million.

  • Recognized GAAP net loss attributable to common stockholders of $(117.9) million, or $(1.52) per common share.
  • Originated five and acquired at a discount five performing first mortgage loans with total loan commitments of $984.0 million.
  • Received loan repayments of $371.1 million, including eight full loan repayments totaling $291.4 million.
  • Ended the quarter with $571.3 million of total liquidity.

Headline financials

Total Revenue

$31.8M

Previous: $39.1M-18.7%
EPS (adj)

$0.19

Previous: $0.33-42.4%
Book Value Per Share

$14.28

No prior period
Allowance for Credit Losses

$226M

No prior period
Free Cash Flow

-$115M

Previous: $29.3M-490.8%
Net Income

-$115M

Previous: $29.3M-490.8%
Operating Income

-$132M

Previous: $11.7M-1234.3%
Gross Profit

-$105M

Previous: $39M-369.2%
Cash & Equivalents

$236M

Previous: $269M-12.3%
Total Assets

$5.66B

Previous: $5.2B+8.9%
Stock-Based Comp

$932K

Previous: $1.25M-25.4%

Revenue & EPS history

TRTX · Revenue · Quarterly

$31.8M

Q3 2022-18.7%vs Q3 2021
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

This earnings release contains forward‐looking statements that are subject to various risks and uncertainties. The Company does not undertake any obligation to update any forward-looking statements.

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 Q3 2022

Historical avgQ3 2022

-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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