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TPG RE Finance Trust Inc. (TRTX) Reports In-Line Q2 EPS

August 6, 2018 4:33 PM

TPG RE Finance Trust Inc. (NYSE: TRTX) reported Q2 EPS of $0.44, in-line with the analyst estimate of $0.44.

Greta Guggenheim, Chief Executive Officer, stated: “We completed over $600 million of high-quality loan originations in the quarter, drove down our cost of capital, and optimized capacity under existing financing arrangements. Subsequent to quarter end, we have closed, or are in the process of closing, $569 million of loans. This will bring our year-to-date loan production to $1.8 billion, nearly equaling our loan origination volume for all of 2017. Through the continued origination of high ROE, strong credit, first mortgage loans on bridge and light transitional assets, we increased our dividend per common share to $0.43 for the second quarter, from $0.42 per share in the first quarter.”

For earnings history and earnings-related data on TPG RE Finance Trust Inc. (TRTX) click here.

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