TPG RE Finance Trust: Why I Bought The 9.5% Yielding Preferreds [Seeking Alpha]
TPG RE Finance Trust, Inc. (TRTX)
Last tpg re finance trust, inc. earnings: 2/18 08:28 pm
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US:NYSE Investor Relations:
snl.com/irw/corporateprofile/5388379
Company Research
Source: Seeking Alpha
The mREIT's loan portfolio has seen a decline in its allocation to office properties with the dividend on the common shares being maintained. The preferred shares are currently trading at a significant discount and offer a safer option against the lack of common dividend coverage. TPG RE Finance Trust, Inc. NYSE: TRTX ) common shares have rallied heavily recently on the back of fiscal 2023 fourth quarter earnings that highlighted at just how deep of a discount the mortgage real estate investment trust ("mREIT") was trading. When I last covered the ticker, this was a 46% difference from its book value per share, with the commons dipping since that article. Hence, even though fourth quarter earnings saw book value per share dip by 18 cents, the discount had widened on commercial real estate fears and reduced expectations of base interest rate cuts going into 2024. TRTX is currently trading at a 40% discount to book value per share of $11.86 at the end of its fourth quarter and la
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TRTX
News
- TPG RE Finance Trust, Inc. Announces First Quarter 2024 Earnings Release and Conference Call Dates [Yahoo! Finance]Yahoo! Finance
- TPG RE Finance Trust, Inc. Announces First Quarter 2024 Earnings Release and Conference Call DatesBusiness Wire
- Three REITs With New Downgrades This Week [Yahoo! Finance]Yahoo! Finance
- TPG RE Finance Trust, Inc. (NYSE: TRTX) was downgraded by analysts at Raymond James from a "strong-buy" rating to an "outperform" rating. They now have a $8.50 price target on the stock.MarketBeat
- TPG RE Finance Trust, Inc. (NYSE: TRTX) had its price target raised by analysts at JPMorgan Chase & Co. from $7.00 to $7.50. They now have a "neutral" rating on the stock.MarketBeat
TRTX
Earnings
- 2/20/24 - Beat
TRTX
Sec Filings
- 4/3/24 - Form ARS
- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- TRTX's page on the SEC website