NYSE$TRTX
TPG RE Finance Trust Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
TPG RE Finance Trust, Inc. reported its operating results for the fourth quarter and full year ended December 31, 2024, showing net growth in earning assets and a decrease in CECL reserve.
TPG RE Finance Trust, Inc. reported a GAAP net income of $6.9 million, or $0.09 per common share, for Q4 2024. The company out-earned its annual common stock dividend rate of $0.96 per share for the full year, maintained a 100% performing loan portfolio, and ended the year with $321 million in cash and near-term available liquidity.
- Recognized GAAP net income attributable to common stockholders of $6.9 million, or $0.09 per common share.
- Generated Distributable Earnings of $7.8 million, or $0.10 per common share, and Distributable Earnings Before Realized Losses of $17.6 million, or $0.22 per common share.
- Originated $242.0 million in new loan investments, contributing to a second consecutive quarter of net growth in earning assets.
- Maintained a 100% performing loan portfolio and a weighted average risk rating of 3.0, unchanged from the previous quarter.
Headline financials
Revenue & EPS history
TRTX · Revenue · Quarterly
$78.8M
Forward guidance
The Company anticipates continued focus on opportunistic capital deployment to build long-term shareholder value, with an active pipeline reflecting new investment opportunities in the real estate credit landscape in 2025.
Tailwinds
- Active pipeline indicates many new investment opportunities in an increasingly attractive real estate credit landscape.
- Focus on opportunistic capital deployment to build long-term shareholder value.
- Anticipated continued net growth in earning assets.
- Strong liquidity position with $321 million in cash and near-term available liquidity.
- Extension and amendment of secured revolving credit facility to $375.0 million, maturing February 13, 2028.
Headwinds
- Global economic trends and conditions, including heightened inflation, slower growth or recession, could impact performance.
- Changes to fiscal and monetary policy and higher interest rates pose risks.
- Stress to commercial banking systems of the U.S. and Western Europe could affect operations.
- Labor shortages, currency fluctuations, and challenges in global supply chains may impact the Company's ability to originate loans.
- Uncertainty regarding future events or conditions and their impact on actual results.
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 2024
-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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