UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ _______________________________________________________________________ FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ___ ...

TPG RE Finance Trust, Inc. (NYSE:TRTX) Q1 2023 Earnings Conference Call May 3, 2023 10:00 AM ET Company Participants Deborah Ginsberg - General Counsel, Vice President and Secretary Doug Bouquard - Chief Executive Officer Bob Foley - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Steve DeLaney - JMP Securities Rick Shane - J.P. Morgan Operator Good morning, and welcome to the TPG RE Finance Trust First Quarter 2023 Earnings Conference Call. All participants will be in a li ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ _______________________________________________________________________ FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to __ ...

TPG RE Finance Trust, Inc. (NYSE:TRTX) Q4 2022 Earnings Conference Call February 22, 2023 10:00 AM ET Company Representatives Doug Bouquard - Chief Executive Officer Bob Foley - Chief Financial Officer Deborah Ginsberg - Vice President, Secretary, General Counsel Conference Call Participants Stephen Laws - Raymond James Richard Shane - JP Morgan Steve Delaney - JMP Securities Eric Hagen - BTIG Aaron Seganovic - Citi Don Fandetti - Wells Fargo Operator Greetings, and welcome to the TPG RE Finance Trust, F ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ FORM 10-K ____________________________________________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Co ...

TPG RE Finance Trust, Inc. (NYSE:TRTX) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET Company Participants Deborah Ginsberg - General Counsel Matthew Coleman - President Doug Bouquard - CEO Robert Foley - CFO Conference Call Participants Steve Delaney - JMP Securities Don Fandetti - Wells Fargo Eric Hagen - BTIG Rick Shane - JPMorgan Aaron Seganovic - Citi Operator Greetings, and welcome to the TPG Real Estate Financial Trust Third Quarter 2022 Earnings Conference Call. At this time, all part ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ _______________________________________________________________________ FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ t ...

Financial Data and Key Metrics Changes - Book value per common share decreased by $0.38 to $16.03 from $16.41, primarily due to an increase in the CECL reserve that outpaced operating earnings and a $13.3 million gain on sale [27] - GAAP net loss to common shareholders was reported at $8.8 million, while distributable earnings were positive at $21.5 million [29] - Diluted distributable earnings per share covered the dividend per share by a ratio of 1.1 to 1, with a year-to-date payout ratio of 80% [28] Business Line Data and Key Metrics Changes - Loan repayments totaled $757 million, with 35% from office, 23% from multifamily, and 22% from hotel properties [16] - New loan commitments amounted to $380 million at an average LTV of 65% and a weighted average spread of Term SOFR plus 4.21% [19] - 87% of second quarter loan originations were multifamily loans, with multifamily now representing 41% of total loan commitments [21] Market Data and Key Metrics Changes - The real estate lending market has seen a reduction in leverage and widening of credit spreads, indicating a more lender-friendly environment [10] - The company ended the quarter with over $770 million in total liquidity, consisting of $339 million in available cash and $365 million in reinvestment capacity [15] - The CRE CLO market remains open, with new issue volume for 2022 at $25 billion, slightly above the previous year's volume [40] Company Strategy and Development Direction - The company is focused on deploying capital prudently to benefit shareholders and aims to increase quarterly dividends when appropriate [23] - There is a strong emphasis on multifamily and industrial credits in select markets, as these sectors are believed to offer the most attractive risk-adjusted returns [21] - The company has diversified its funding sources to reduce reliance on the CRE CLO market and enhance its financing capabilities [41] Management's Comments on Operating Environment and Future Outlook - Management noted that tightening liquidity has affected nearly all asset classes, including real estate, leading to a more cautious approach to lending [9] - The company has increased its CECL reserve to reflect deteriorating market trends and specific credit concerns, particularly in the office sector [12] - Management expressed optimism about the lending conditions improving in favor of the company, with a strong pipeline of origination transactions [24] Other Important Information - The company received $267.2 million in office loan repayments during the second quarter, with an additional $226.2 million received since June 30 [37] - The company paid an incentive fee of $5.2 million to its manager due to exceeding the ROA hurdle of 7% [38] - The weighted average advance rate and credit spread for CLOs were reported at 83.6% and 179 basis points, respectively [43] Q&A Session Summary Question: Concerns about overcrowding in the Sun Belt multifamily market - Management indicated that recent loans are not overly concentrated in the Sun Belt and noted a broader array of multifamily lending across the country [48] Question: Concerns about specific markets showing substantial inflation - Management stated that no markets are avoided solely due to inflation concerns, but affordability is a key factor in underwriting decisions [50] Question: Activity in credit resolutions and non-accrual loans - Management confirmed the resolution of a non-accrual loan and indicated that there are no longer any five-rated loans or non-accrual loans in the portfolio [62] Question: Minimum liquidity levels - Management stated that the minimum liquidity level varies based on several factors, typically ranging between $125 million and $160 million [68] Question: Commercial real estate valuations and transitional borrowers - Management noted that private market valuations are reflecting lower price points and that underwriting assumptions are adjusting to higher debt yields and wider cap rates [76]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________________________________________ Maryland 001-38156 36-4796967 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share TRTX New York Stock Exchange 6.25% Series C Cumulative Redeemable Preferred Stock, par value $0.001 per share TRTX ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ _______________________________________________________________________ FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ___ ...