NYSE$TRTX

TPG RE Finance Trust Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported operating results for the fourth quarter and full year ended December 31, 2021.

TPG RE Finance Trust, Inc. reported GAAP net income attributable to common stockholders of $41.4 million, or $0.51 per diluted common share, and book value per common share on December 31, 2021 of $16.37. The company originated 10 first mortgage loans with total loan commitments of $651.6 million and received loan repayments of $428.1 million.

  • Generated GAAP net income attributable to common stockholders of $41.4 million, or $0.51 per diluted common share.
  • Declared a cash dividend of $0.24 per share of common stock and a non-recurring special cash dividend of $0.07 per share of common stock.
  • Originated 10 first mortgage loans with total loan commitments of $651.6 million.
  • Ended the quarter with $321.1 million of total liquidity.

Headline financials

Total Revenue

$38.5M

Previous: $40.6M-5.0%
EPS (adj)

$0.23

Previous: $0.15+53.3%
Weighted Avg LTV

72.3%

No prior period
Net Income

$41.4M

Previous: $6.6M+527.3%
Cash & Equivalents

$261M

Previous: $320M-18.5%
Total Assets

$5.22B

Previous: $4.92B+6.1%
Stock-Based Comp

$1.66M

Previous: $1.53M+8.5%

Revenue & EPS history

TRTX · Revenue · Quarterly

$38.5M

Q4 2021-5%vs Q4 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

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 Q4 2021

Historical avgQ4 2021

-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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