TPG RE Finance Trust, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 01, 2022 at 08:10 pm
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TPG RE Finance Trust, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net loss was USD 114.61 million compared to net income of USD 29.33 million a year ago. Basic loss per share from continuing operations was USD 1.52 compared to basic earnings per share from continuing operations of USD 0.34 a year ago. Diluted loss per share from continuing operations was USD 1.52 compared to diluted earnings per share from continuing operations of USD 0.32 a year ago.
For the nine months, net loss was USD 96.26 million compared to net income of USD 93.67 million a year ago. Basic loss per share from continuing operations was USD 1.38 compared to basic earnings per share from continuing operations of USD 0.38 a year ago. Diluted loss per share from continuing operations was USD 1.38 compared to diluted earnings per share from continuing operations of USD 0.36 a year ago.
TPG RE Finance Trust, Inc. is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. It is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate. The Company conduct its operations primarily through its wholly owned subsidiary, TPG RE Finance Trust Holdco, LLC. Its principal business activity is to directly originate and acquire a diversified portfolio of commercial real estate related assets, consisting primarily of first mortgage loans and senior participation interests in first mortgage loans secured by institutional-quality properties in primary and select secondary markets in the United States. It invests primarily in commercial mortgage loans and other commercial real estate-related debt instruments. The Company's portfolio consists approximately 53 loans, which are held for investment.
TPG RE FINANCE TRUST, INC. 
