NYSE$TRTX
TPG RE Finance Trust Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported operating results, showing a net income attributable to common stockholders and strategic portfolio adjustments.
TPG RE Finance Trust reported a GAAP net income attributable to common stockholders of $2.6 million, or $0.03 per common share, and declared a cash dividend of $0.24 per share of common stock. The company strategically sold loans and acquired properties through foreclosure, aiming to optimize its investment portfolio.
- GAAP net income attributable to common stockholders was $2.6 million, or $0.03 per common share.
- Declared a cash dividend of $0.24 per share of common stock.
- Originated one first mortgage loan for $62.0 million and funded $34.6 million of future funding obligations.
- Sold loans and acquired properties through deeds-in-lieu of foreclosure.
Headline financials
Revenue & EPS history
TRTX · Revenue · Quarterly
$94.3M
Forward guidance
TRTX's forward guidance focuses on strategic portfolio adjustments, loan originations, and repayments, with a focus on maximizing investment opportunities and managing risks in a changing market environment.
Tailwinds
- Positioning TRTX to take greater advantage of what we believe is an attractive investment environment.
- Origination of a first mortgage loan on a stabilized multifamily property.
- Receipt of loan repayments.
- Closing of an asset-specific, non-mark-to-market, matched-term financing.
- Extension of a secured credit agreement.
Headwinds
- Loss on sale of an office loan.
- Loss on sale of a multifamily loan.
- Acquisition of office properties through deeds-in-lieu of foreclosure.
- Acquisition of a multifamily property through a UCC equity foreclosure.
- Global economic trends and economic conditions
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 2023
-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
| Quarter | Report date | Reaction (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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