Financial Performance - Generated GAAP net income attributable to common stockholders of $41.4 million, or $0.51 per diluted common share, for the fourth quarter of 2021[13] - Generated GAAP net income attributable to common stockholders of $70.7 million, or $0.87 per diluted common share, for the full year 2021[21] - Declared dividends on common stock of $73.8 million, or $0.95 per common share, for the full year 2021, including a special dividend of $0.07 per common share[23] - The Company's CECL reserve was $46.2 million as of December 31, 2021, compared to $62.8 million as of December 31, 2020, resulting in a credit loss benefit during the year of $16.6 million[26] Loan Portfolio Activity - Originated 10 first mortgage loans with total loan commitments of $651.6 million in the fourth quarter of 2021[15] - Received loan repayments of $428.1 million in the fourth quarter of 2021[16] - Originated 27 first mortgage loans with total loan commitment amounts of $1.9 billion in the full year 2021[24] - Received loan repayments totaling $1.2 billion in the full year 2021[25] Liquidity and Capitalization - Ended the fourth quarter of 2021 with $321.1 million of total liquidity[18] - Closed TRTX 2021-FL4, a $1.25 billion managed CRE CLO with an advance rate of 83.0%[25] - Issued 8.05 million shares of Series C Preferred Stock, generating net proceeds of $194.4 million in the full year 2021[21]

TPG RE Finance Trust, Inc. (NYSE:TRTX) Q4 2021 Earnings Conference Call February 23, 2022 10:00 AM ET Company Participants Matthew Coleman – President Deborah Ginsberg – Vice President, General Counsel & Corporate Secretary Robert Foley – Chief Financial Officer Peter Smith – Chief Investment Officer Conference Call Participants Stephen Laws – Raymond James Tim Hayes – BTIG Steve Delaney – J&P Securities Donald Fandetti – Wells Fargo Rick Shane – JPMorgan Operator Greetings, welcome to the TPG Real Estate ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K | For the fiscal year ended December 31, 2021 | OR | | | | | | --- | --- | --- | --- | --- | --- | | ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | FOR THE TRANSITION PERIOD FROM | TO | | | | Commission File Number 001-38156 | | | | | | | TPG RE Finance Trust, Inc. | (Exact name of Registrant as specified in its Charter) | | | | | | Maryland | 36-4796967 | (State or other jurisdi ...

TPG RE Finance Trust, Inc. (NYSE:TRTX) Q3 2021 Earnings Conference Call November 3, 2021 ET Company Participants Deborah Ginsberg - VP, General Counsel & Corporate Secretary Matthew Coleman - President Robert Foley - CFO Peter Smith - CIO & VP Conference Call Participants Ethan Saghi - BTIG Richard Shane - JPMorgan Chase & Co. Donald Fandetti - Wells Fargo Securities Operator Greetings, and welcome to the TPG RE Finance Trust Third Quarter 2021 Earnings Call. [Operator Instructions]. As a reminder, this con ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38156 TPG RE Finance Trust, Inc. (Exact name of registrant as specified in its charter) Maryland 36-4796967 (State or other ...

Financial Data and Key Metrics Changes - The company reported GAAP net income of $32.4 million for Q2 2021, with a net loss attributable to common stockholders of $21 million or $0.27 per diluted share [21] - Distributable earnings were $21.9 million or $0.27 per diluted share, representing 1.41x coverage to the current common dividend [21] - Book value per common share declined to $16.03, primarily due to one-time charges of $45 million related to the redemption of Series B preferred stock [22] Business Line Data and Key Metrics Changes - New originations in Q2 2021 included 9 loans totaling over $750 million, with multifamily representing 45% and life sciences approximately 44% of the total [13] - The total loan portfolio grew 6.7% quarter-over-quarter to over $5.3 billion [13] - Interest collections exceeded 99%, with only one non-payer being a defaulted retail asset [15] Market Data and Key Metrics Changes - The company maintained substantial liquidity of nearly $400 million for future originations and portfolio growth [14] - Traditional office loans (excluding life sciences) represented approximately 44% of the portfolio, while life sciences accounted for 9% and hospitality decreased to 12.7% [18] Company Strategy and Development Direction - The company focuses on capital structure optimization, renewed originations, and portfolio performance to enhance book value [8] - The company aims to grow its loan portfolio, having originated $1.1 billion of first mortgage loans year-to-date [26] - The company is exploring other forms of secured and corporate financing to support growth [27] Management's Comments on Operating Environment and Future Outlook - Management is monitoring the impact of the Delta variant on the U.S. economy but is not currently seeing negative effects on portfolio performance [19] - The company is optimistic about its capital markets achievements and the potential for future growth [31] Other Important Information - The company redeemed all $225 million of Series B preferred stock and issued $201.3 million of Series C preferred stock, reducing the preferred dividend rate by over 43% [10][11] - The company has a debt-to-equity ratio of 2.44:1, indicating a decline in leverage due to loan repayments [30] Q&A Session Summary Question: What are the current trends in the real estate debt and equity markets? - Management is observing the intersection of public policy and public health, noting that while there are concerns, there are currently no measurable negative impacts on portfolio performance [34] Question: Can you provide details on the downgraded office loan and the hotel loan sale? - The office loan was downgraded due to a slowdown in leasing in Orange County, while the hotel loan was sold at an attractive price, positively impacting book value [35] Question: How are spreads on new loans compared to the portfolio average? - The company is being selective with deals and has seen opportunities in multifamily and life sciences, which have contributed to wider spreads despite competition [37][39] Question: What factors will influence the decision to reset the dividend? - Management is considering the relationship between distributable and taxable income, macro outlook, credit performance, and earnings power from originations before making any changes to the dividend [42][44] Question: How does the current environment affect the company's ROE framework? - Management believes that while spreads have widened, the overall ROE may remain stable, depending on future interest rates and market conditions [46][50]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38156 TPG RE Finance Trust, Inc. Washington, D.C. 20549 (Exact name of registrant as specified in its charter) 888 Seventh Avenue, 35th Floor New York, ...

TPG RE Finance Trust, Inc. (NYSE:TRTX) Q1 2021 Earnings Conference Call May 5, 2021 10:00 AM ET Company Participants Deborah Ginsberg – General Counsel Matt Coleman – President Bob Foley – Chief Financial Officer Peter Smith – Chief Investment Officer Conference Call Participants Stephen Laws – Raymond James Tim Hayes – BTIG Charlie Arestia – JPMorgan Steve DeLaney – JMP Securities Operator Greetings. Welcome to the TPG Real Estate Finance Trust First Quarter 2021 Earnings Conference Call. [Operator Instruc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38156 TPG RE Finance Trust, Inc. (Exact name of registrant as specified in its charter) Maryland 36-4796967 (State or other jur ...

Citi 2021 Virtual Global Property CEO Conference March 9, 2021 Forward-Looking Statements and Other Disclosures The information contained in this earnings presentation contains "forward‐looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward‐looking statements are subject to variousrisks and uncertainties, including, without limitation, statements relating to the performance of the inve ...