Core Insights - TPG RE Finance Trust (NYSE: TRTX) has experienced fluctuations in its net asset value (NAV) over the past three years, particularly influenced by the Federal Reserve's actions against post-pandemic inflation [1] Group 1: Company Overview - TPG RE Finance Trust is a mortgage REIT that focuses on originating loans backed by real estate [1] Group 2: Market Dynamics - The equity market is characterized by daily price fluctuations that can lead to significant long-term wealth creation or destruction [1] - Pacifica Yield aims to create long-term wealth by focusing on undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Group 1 - TPG Inc has shown strong performance since its public listing in January 2022, with a total return of 58% for its shares [1] - In comparison, the S&P 500 has delivered a total return of 31% during the same period [1] Group 2 - Blue Chip Portfolios is an investment publication company that focuses on providing insights on single stocks, ETFs, and CEFs [1]

Financial Performance - Total revenues for Q1 2025 reached $1,034,876, an increase of 25.5% compared to $824,071 in Q1 2024[18] - Net income attributable to TPG Inc. for Q1 2025 was $25,393, compared to a net loss of $9,006 in Q1 2024[18] - For the three months ended March 31, 2025, TPG Inc. reported a net income of $87,828, compared to a net loss of $9,006 in the same period of 2024, indicating a significant turnaround in performance[26] - Net income attributable to Class A common stockholders before distributions was $25,393,000 for Q1 2025, compared to $15,519,000 in Q1 2024, reflecting a year-over-year increase of 63.5%[209] - The diluted net income attributable to Class A common stockholders was $1,379,000 in Q1 2025, a recovery from a diluted net loss of $38,362,000 in Q1 2024[209] - The basic net income available to Class A common stock per share was $0.08 in Q1 2025, slightly down from $0.09 in Q1 2024[209] Revenue Breakdown - Management fees increased to $418,951,000 in Q1 2025 from $407,417,000 in Q1 2024, reflecting a growth of 3.8%[54] - Performance allocations rose significantly to $450,560,000 in Q1 2025, up from $289,643,000 in Q1 2024, marking a 55.5% increase[54] - Capital interests also saw growth, increasing to $40,861,000 in Q1 2025 from $22,133,000 in Q1 2024, which is an 84.6% increase[54] - The company recorded total capital allocation-based income of $491,421,000 for Q1 2025, compared to $311,776,000 in Q1 2024, representing a 57.7% increase[54] - Monitoring fees increased to $7,858,000 in Q1 2025 from $6,108,000 in Q1 2024, a growth of 28.6%[54] - Transaction fees grew to $47,454,000 in Q1 2025, up from $36,186,000 in Q1 2024, reflecting a 31.1% increase[54] - Incentive fees increased to $6,201,000 in Q1 2025 from $3,875,000 in Q1 2024, a rise of 60.5%[54] Assets and Liabilities - Total assets increased to $11,314,024 as of March 31, 2025, up from $10,535,109 as of December 31, 2024, representing a growth of 7.4%[15] - Total liabilities rose to $7,815,309 as of March 31, 2025, compared to $6,943,120 as of December 31, 2024, marking an increase of 12.6%[15] - The accumulated deficit as of March 31, 2025, was $(227,114), compared to $(186,983) as of December 31, 2024[15] - Non-controlling interests decreased to $2,675,636 as of March 31, 2025, down from $2,807,888 as of December 31, 2024[15] Cash Flow and Investments - Net cash provided by operating activities was $198,188, a decrease of 54.5% from $436,713 in the prior year[26] - TPG Inc. reported proceeds from investments of $430,412, up from $384,595, reflecting a 11.9% increase[26] - The total cash, cash equivalents, and restricted cash at the end of the period was $835,256, down from $1,104,040, representing a decline of 24.4%[26] - TPG Inc. had a net cash used in investing activities of $6,347, a decrease from $25,341 in the prior year, indicating reduced investment outflows[26] - Proceeds from debt obligations amounted to $255,000, a substantial decrease from $1,218,500 in the same quarter of the previous year[26] Compensation and Expenses - Performance allocation compensation expenses increased to $298,705 in Q1 2025, up from $196,434 in Q1 2024, reflecting a rise of 51.9%[18] - Equity-based compensation decreased to $205,832 in Q1 2025 from $227,908 in Q1 2024, a decline of 9.7%[18] - The company incurred $180,112 in withholding taxes paid on net settlement of equity-based awards, compared to $58,048 in the previous year, marking a significant increase[26] - The total lease cost for the three months ended March 31, 2025, was $25.3 million, compared to $14.4 million for the same period in 2024, indicating an increase of approximately 76.3%[183] Shareholder Information - The weighted-average shares of Class A common stock outstanding increased to 117,408,263 in Q1 2025 from 89,113,782 in Q1 2024[18] - Dividends declared per share of Class A common stock increased to $0.53 in Q1 2025 from $0.41 in Q1 2024, representing a growth of 29.3%[210] - As of March 31, 2025, TPG Inc. had 33,130,147 shares of Class A common stock available to be issued under its Omnibus Equity Incentive Plan[211] - The company registered an additional 6,540,183 shares of Class A common stock on February 27, 2025, increasing the total share reserve to 36,496,786[211] Tax and Legal Matters - The Company's effective tax rate for the three months ended March 31, 2025, was 6.7%, compared to (94.9)% for the same period in 2024[170] - The Company has not recorded a potential liability related to any pending legal proceeding except as disclosed, indicating a cautious approach to legal risks[197]

Group 1 - TPG held its First Quarter 2025 Earnings Conference Call, with key participants including the CEO, CFO, and other executives [1][3] - The call was structured to include prepared remarks followed by a Q&A session, indicating a focus on engaging with investors [1][2] - The company emphasized the presentation of both GAAP and non-GAAP measures in its earnings release, highlighting the relevance of non-GAAP measures for assessment [5]

TPG (TPG) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Company Participants Gary Stein - Head - IRJon Winkelried - CEO & DirectorJack Weingart - CFOCraig Siegenthaler - Managing DirectorAlexander Blostein - Managing DirectorTodd Sisitsky - President & DirectorJim Coulter - Founding Partner, Executive Chair & DirectorBrian Mckenna - Director - Equity ResearchMichael Cyprys - Managing Director Conference Call Participants Kenneth Worthington - Financial AnalystGlenn Schorr - Senior Managing Director & Senio ...

TPG (TPG) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Speaker0 Please be advised that today's call is being recorded. Please go to TPG's IR website to obtain the earnings materials. I will now turn the call over to Gary Stein, Head of Investor Relations at TPG. Thank you. You may begin. Speaker1 Great. Thanks, operator, and welcome, everyone. Joining me this morning are John Winklereed, Chief Executive Officer and Jack Weingart, Chief Financial Officer. In addition, our Executive Chairman and Co Founder, ...

TPG Inc. (TPG) came out with quarterly earnings of $0.48 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4%. A quarter ago, it was expected that this company would post earnings of $0.52 per share when it actually produced earnings of $0.62, delivering a surprise of 19.23%.Over the last four quarters, the company has surpass ...

TPG has declared a quarterly dividend of $0.41 per share of Class A common stock to holders of record at the close of business on May 19, 2025, payable on June 2, 2025. Conference Call TPG will host a conference call and live webcast at 11:00 am ET. It may be accessed by dialing (800) 245-3047 (US toll-free) or (203) 518-9765 (international), using the conference ID TPGQ125. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast will also be available and can ...

TPG has declared a quarterly dividend of $0.41 per share of Class A common stock to holders of record at the close of business on May 19. 2025, payable on June 2, 2025. Conference Call TPG will host a conference call and live webcast at 11:00 am ET. It may be accessed by dialing (800) 245-3047 (US toll-free) or (203) 518-9765 (international), using the conference ID TPGQ125. The number should be dialed at least ten minutes prior to the start of the start of the start of the call. A simultaneous webcast will ...

Marks Successful Culmination of AMG Partnership WEST PALM BEACH, Fla., May 06, 2025 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today announced that it has entered into an agreement to sell its equity interest in Peppertree Capital Management, Inc. (“Peppertree”) as part of the announced acquisition of Peppertree by TPG Inc. Founded in 2004 by co-Presidents Ryan Lepene and Howard Mandel, Peppertree is a leading specialized digital infrastructure ...