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TPG RE Finance Trust, Inc. — Third Quarter 2026 Earnings Summary

  • Reported GAAP net income of $5.8 million ($0.08/share) and Distributable Earnings of $5.1 million ($0.07/share); book value per share declined to $10.85 from $10.95 in the prior quarter.
  • Board approved a new $50 million share repurchase program, doubling prior authorization, while the company repurchased 1.16 million shares for $9.3 million at an average price of $8.00.
  • Net earning assets grew by $600 million, driven by $772.7 million in new loan commitments and $119.6 million in loan repayments, with the credit loss allowance decreasing $4.5 million to $76.1 million.
  • Management provided no specific forward-looking financial guidance, citing a well-positioned balance sheet and focus on long-term value creation.
  • Subsequent to the quarter, the company closed a $1.0 billion managed CRE CLO (TRTX 2026-FL8) and received $72.2 million in additional loan repayments.
Company
TPG RE FINANCE TRUST INC
Sector
Financial Services
Industry
REIT - Mortgage