TPG RE Finance Trust(US:TRTX)2022-02-27 17:06Financial 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]