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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