TPG RE Finance Trust, Inc. Reports Fourth Quarter and Full Year Operating Results Ended December 31, 2020

TPG RE Finance Trust, Inc. Reports Fourth Quarter and Full Year Operating Results Ended December 31, 2020

TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) has released its operating results for the fourth quarter and full year ended December 31, 2020.

FOURTH QUARTER 2020 ACTIVITY

  • GAAP net income attributable to common shareholders was $ 6.6 million, net income per diluted common share was $ 0.09 based on a diluted weighted average number of shares of 79.3 million common shares and the book value per common share as at December 31, 2020 was $ 16.50.

  • The net interest margin narrowed to $ 40.6 million for the three months ended December 31, 2020 compared to $ 48.4 million for the previous quarter, a decrease of $ 7.8 million, or 16.1%, mainly due to a decrease in the average loan principal balance…

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