Real Estate - REIT - Mortgage - NYSE - US
$ 8.74
-1.58 %
$ 707 M
Market Cap
12.67
P/E
TPG RE Finance Trust, Inc., a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the office, multifamily, life science, mixed-use, hospitality, industrial, and retail real estate sectors. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.[ Read More ]
The intrinsic value of one TRTX stock under the base case scenario is HIDDEN Compared to the current market price of 8.74 USD, TPG RE Finance Trust, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart TRTX
FINANCIALS
27.7 M
REVENUE
2.6 M
OPERATING INCOME
-117 M
NET INCOME
80.1 M
OPERATING CASH FLOW
1.1 B
INVESTING CASH FLOW
-1.22 B
FINANCING CASH FLOW
88.5 M
REVENUE
71.4 M
OPERATING INCOME
22.2 M
NET INCOME
23.7 M
OPERATING CASH FLOW
3.3 M
INVESTING CASH FLOW
-59.9 M
FINANCING CASH FLOW
Balance Sheet Decomposition
TPG RE Finance Trust, Inc.
| Current Assets | 305 M |
| Cash & Short-Term Investments | 206 M |
| Receivables | 98.7 M |
| Other Current Assets | 0 |
| Non-Current Assets | 174 M |
| Long-Term Investments | 0 |
| PP&E | 174 M |
| Other Non-Current Assets | 0 |
| Current Liabilities | 1.28 M |
| Accounts Payable | 10.2 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | -8.94 M |
| Non-Current Liabilities | 3.09 B |
| Long-Term Debt | 3.04 B |
| Other Non-Current Liabilities | 48.9 M |
EFFICIENCY
Earnings Waterfall
TPG RE Finance Trust, Inc.
| Revenue | 27.7 M |
| Cost Of Revenue | 14.6 M |
| Gross Profit | 13.1 M |
| Operating Expenses | 10.5 M |
| Operating Income | 2.6 M |
| Other Expenses | 119 M |
| Net Income | -117 M |
RATIOS
47.44%
GROSS MARGIN
9.40%
OPERATING MARGIN
-420.99%
NET MARGIN
-10.37%
ROE
-2.77%
ROA
0.06%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
TPG RE Finance Trust, Inc.
| Net Income | -117 M |
| Depreciation & Amortization | 3.05 M |
| Capital Expenditures | -5.36 M |
| Stock-Based Compensation | 8.03 M |
| Change in Working Capital | 849 K |
| Others | 175 M |
| Free Cash Flow | 74.8 M |
Wall Street Analysts Price Targets
TPG RE Finance Trust, Inc.
Wall Street analysts predict an average 1-year price target for TRTX of $11.9 , with forecasts ranging from a low of $9 to a high of $18.5 .
TRTX Lowest Price Target
Wall Street Target
9 USD
2.97%
TRTX Average Price Target
Wall Street Target
11.9 USD
35.67%
TRTX Highest Price Target
Wall Street Target
18.5 USD
111.67%
4. DIVIDEND ANALYSIS
3.32%
DIVIDEND YIELD
0.24 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
TPG RE Finance Trust, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
165 M USD 2
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
6 months ago
May 08, 2024
|
Sell 82.7 M USD
|
STARWOOD CAPITAL GROUP GLOBAL II, L.P.
10 percent owner |
- 9352941
|
8.84 USD |
|
6 months ago
May 08, 2024
|
Sell 82.7 M USD
|
PE Holder, L.L.C.
10 percent owner |
- 9352941
|
8.84 USD |
|
1 year ago
Nov 21, 2022
|
Bought 70.5 K USD
|
Foley Robert
Chief Financial Officer |
+ 10000
|
7.0534 USD |
|
2 years ago
Nov 16, 2022
|
Bought 99.2 K USD
|
Ginsberg Deborah J.
See Remarks (3) |
+ 13800
|
7.1901 USD |
|
2 years ago
Jan 20, 2022
|
Sell 12.3 M USD
|
CHINA INVESTMENT CORP
10 percent owner |
- 1000000
|
12.34 USD |
|
3 years ago
Aug 17, 2021
|
Sell 12.3 M USD
|
CHINA INVESTMENT CORP
10 percent owner |
- 1000000
|
12.326 USD |
|
4 years ago
Sep 23, 2020
|
Bought 2.03 K USD
|
TPG Group Holdings (SBS) Advisors, Inc.
10 percent owner |
+ 229
|
8.8662 USD |
|
4 years ago
Sep 22, 2020
|
Bought 151 K USD
|
TPG Group Holdings (SBS) Advisors, Inc.
10 percent owner |
+ 17199
|
8.7814 USD |
|
4 years ago
Sep 21, 2020
|
Bought 991 K USD
|
TPG Group Holdings (SBS) Advisors, Inc.
10 percent owner |
+ 111002
|
8.9263 USD |
|
4 years ago
Sep 18, 2020
|
Bought 10.8 K USD
|
TPG Group Holdings (SBS) Advisors, Inc.
10 percent owner |
+ 1200
|
9 USD |
|
4 years ago
Sep 17, 2020
|
Bought 35.9 K USD
|
TPG Group Holdings (SBS) Advisors, Inc.
10 percent owner |
+ 3993
|
8.9812 USD |
|
4 years ago
Sep 16, 2020
|
Bought 1.94 K USD
|
TPG Group Holdings (SBS) Advisors, Inc.
10 percent owner |
+ 216
|
9 USD |
|
4 years ago
Sep 15, 2020
|
Bought 41.4 K USD
|
TPG Group Holdings (SBS) Advisors, Inc.
10 percent owner |
+ 4600
|
8.9948 USD |
|
4 years ago
Sep 14, 2020
|
Bought 780 K USD
|
TPG Group Holdings (SBS) Advisors, Inc.
10 percent owner |
+ 88466
|
8.8215 USD |
|
4 years ago
Sep 11, 2020
|
Bought 805 K USD
|
TPG Group Holdings (SBS) Advisors, Inc.
10 percent owner |
+ 91355
|
8.807 USD |
|
4 years ago
Sep 10, 2020
|
Bought 822 K USD
|
TPG Group Holdings (SBS) Advisors, Inc.
10 percent owner |
+ 91411
|
8.9885 USD |
|
4 years ago
Sep 09, 2020
|
Bought 529 K USD
|
TPG Group Holdings (SBS) Advisors, Inc.
10 percent owner |
+ 58875
|
8.9832 USD |
|
4 years ago
Sep 08, 2020
|
Bought 819 K USD
|
TPG Group Holdings (SBS) Advisors, Inc.
10 percent owner |
+ 91411
|
8.9641 USD |
|
4 years ago
Mar 18, 2020
|
Bought 2.5 K USD
|
Gillmore Michael
Director |
+ 500
|
5.005 USD |
|
4 years ago
Mar 18, 2020
|
Bought 28.2 K USD
|
Smith Peter A.
Vice President |
+ 5000
|
5.63 USD |
|
4 years ago
Mar 16, 2020
|
Bought 115 K USD
|
Smith Peter A.
Vice President |
+ 10000
|
11.51 USD |
|
4 years ago
Mar 12, 2020
|
Bought 371 K USD
|
Guggenheim Greta
CEO & President |
+ 25000
|
14.8228 USD |
|
5 years ago
Dec 27, 2018
|
Bought 5.45 K USD
|
Guggenheim Greta
CEO & President |
+ 300
|
18.18 USD |
|
5 years ago
Dec 24, 2018
|
Bought 36 K USD
|
Smith Peter A.
Vice President |
+ 2000
|
18 USD |
|
5 years ago
Dec 26, 2018
|
Bought 269 K USD
|
Guggenheim Greta
CEO & President |
+ 14700
|
18.3064 USD |
|
5 years ago
Dec 20, 2018
|
Bought 18.5 K USD
|
Smith Peter A.
Vice President |
+ 1000
|
18.5 USD |
|
5 years ago
Dec 20, 2018
|
Bought 833 K USD
|
Guggenheim Greta
CEO & President |
+ 45000
|
18.5062 USD |
|
6 years ago
Aug 28, 2018
|
Bought 0 USD
|
Smith Peter A.
Vice President |
+ 4809.95
|
0 USD |
|
6 years ago
Aug 28, 2018
|
Bought 0 USD
|
Ginsberg Deborah J.
Vice President & Secretary |
+ 6019.52
|
0 USD |
|
6 years ago
Aug 28, 2018
|
Bought 0 USD
|
Guggenheim Greta
CEO & President |
+ 20922.96
|
0 USD |
|
6 years ago
Dec 01, 2017
|
Bought 96 K USD
|
Guggenheim Greta
CEO & President |
+ 5000
|
19.19 USD |
|
6 years ago
Nov 30, 2017
|
Bought 96 K USD
|
Guggenheim Greta
CEO & President |
+ 5000
|
19.19 USD |
7. News
TPG RE Finance Trust: I Doubled My Position In The 8% Yielding Preferreds
TPG RE Finance Trust's preferreds are trading for 77 cents on the dollar and offer an 8% yield on cost. The mREIT grew its loan investment portfolio during its fiscal 2024 third quarter as originations ran ahead of repayments. Cash and near-term liquidity of $357 million provide depth for preferred dividend payments that are 750% covered by free cash flow.
seekingalpha.com
- 6 days ago
TPG RE Finance Trust, Inc. (TRTX) Q3 2024 Earnings Call Transcript
TPG RE Finance Trust, Inc. (NYSE:TRTX ) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET Company Participants Doug Bouquard - Chief Executive Officer Bob Foley - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Steve Delaney - JMP Securities Don Fandetti - Wells Fargo Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to TPG Real Estate Finance Trust Third Quarter 2024 Earnings Conference Call.
seekingalpha.com
- 2 weeks ago
TPG RE Finance Trust (TRTX) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for TPG RE Finance Trust (TRTX) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 2 weeks ago
TPG RE Finance Trust (TRTX) Matches Q3 Earnings Estimates
TPG RE Finance Trust (TRTX) came out with quarterly earnings of $0.28 per share, in line with the Zacks Consensus Estimate. This compares to loss of $1.33 per share a year ago.
zacks.com
- 2 weeks ago
TPG RE Finance Trust, Inc. Reports Operating Results for the Quarter Ended September 30, 2024
NEW YORK--(BUSINESS WIRE)--TPG RE Finance Trust, Inc. Reports Operating Results for the Quarter Ended September 30, 2024.
businesswire.com
- 2 weeks ago
TPG RE Finance Trust, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call Dates
NEW YORK--(BUSINESS WIRE)--TPG RE Finance Trust, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call Dates.
businesswire.com
- 1 month ago
TPG RE Finance Trust, Inc. Declares Cash Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) today announced that the Company's Board of Directors has declared a cash dividend of $0.24 per share of common stock for the third quarter of 2024. The dividend will be payable on October 25, 2024 to common stockholders of record as of September 27, 2024. ABOUT TRTX TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institut.
businesswire.com
- 2 months ago
TPG RE Finance Trust, Inc. Declares Cash Dividend on Series C Cumulative Redeemable Preferred Stock
NEW YORK--(BUSINESS WIRE)--TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) today announced the Company's Board of Directors declared a cash dividend of $0.3906 per share of 6.25% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) for the third quarter of 2024. The Series C Preferred Stock dividend is payable on September 30, 2024 to preferred stockholders of record as of September 20, 2024. ABOUT TRTX TRTX is a commercial real estate finance compan.
businesswire.com
- 2 months ago
TPG RE Finance Trust: The Preferreds Are A Buy As Rate Cuts Loom
TRTX's commons have rallied 26% in the last year due to its conservative posturing, a reduction in office loans, and an increase in liquidity. The mREIT's loan portfolio is heavily focused on multifamily properties. Looming Fed rate cuts will see net interest income come under pressure, heightening the need for TRTX to be more aggressive on new loan originations in 2025.
seekingalpha.com
- 3 months ago
TPG RE Finance Trust, Inc. (TRTX) Q2 2024 Earnings Call Transcript
TPG RE Finance Trust, Inc. Q2 2024 Earnings Conference Call July 31, 2024 9:00 AM ET Company Participants Doug Bouquard - Chief Executive Officer Bob Foley - Chief Financial Officer Conference Call Participants Tom Catherwood - BTIG Stephen Laws - Raymond James Steve Delaney - Citizens JMP Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to TPG Real Estate Finance Trust Second Quarter 2024 Earnings Conference Call.
seekingalpha.com
- 3 months ago
TPG RE Finance Trust (TRTX) Reports Q2 Earnings: What Key Metrics Have to Say
The headline numbers for TPG RE Finance Trust (TRTX) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 3 months ago
TPG RE Finance Trust (TRTX) Matches Q2 Earnings Estimates
TPG RE Finance Trust (TRTX) came out with quarterly earnings of $0.28 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.18 per share a year ago.
zacks.com
- 3 months ago
8. Profile Summary
TPG RE Finance Trust, Inc. TRTX
COUNTRY
US
INDUSTRY
REIT - Mortgage
MARKET CAP
$ 707 M
Dividend Yield
3.32%
Description
TPG RE Finance Trust, Inc., a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the office, multifamily, life science, mixed-use, hospitality, industrial, and retail real estate sectors. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. TPG RE Finance Trust, Inc. was incorporated in 2014 and is based in New York, New York.
Contact
888 Seventh Avenue, New York, NY, 10106
https://www.tpgrefinance.com
IPO Date
July 20, 2017
Employees
None
Officers
Mr. Doug Bouquard
Chief Executive Officer & Director
Mr. Christopher Leahy
Secretary
Mr. Robert R. Foley CPA
Chief Financial Officer
Mr. Matthew John Coleman Esq.
President
Mr. Brandon Fox
Chief Accounting Officer