TPG RE Finance Trust, Inc. (TRTX) Financial Statements (2024 and earlier)

Company Profile

Business Address C/O TPG CAPITAL, L.P.
SAN FRANCISCO, CA 94104
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments254,050260,635319,66979,18239,72075,037
Cash and cash equivalents254,050260,635319,66979,18239,72075,037
Receivables     96,464220
Financing receivable, accrued interest, after allowance for credit loss   
Total current assets:254,050260,635319,66979,182136,18475,257
Noncurrent Assets
Intangible assets, net (including goodwill)      
Intangible assets, net (excluding goodwill)      
Regulated entity, other noncurrent assets9,000     
Total noncurrent assets:9,000     
Other undisclosed assets5,282,0884,957,3854,589,0745,813,6884,390,6063,280,128
TOTAL ASSETS:5,545,1385,218,0204,908,7435,892,8704,526,7903,355,385
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,147,2881,162,2061,514,0282,448,4221,494,0781,827,104
Total current liabilities:1,147,2881,162,2061,514,0282,448,4221,494,0781,827,104
Noncurrent Liabilities
Long-term debt and lease obligation     113,504 
Long-term debt, excluding current maturities     113,504 
Total noncurrent liabilities:     113,504 
Other undisclosed liabilities3,075,8542,591,1081,928,2641,940,4941,592,038326,950
Total liabilities:4,223,1423,753,3143,442,2924,388,9163,199,6202,154,054
Equity
Equity, attributable to parent, including:1,321,9961,464,7061,266,9001,503,9541,327,1701,201,331
Common stock77     
Additional paid in capital1,716,9381,711,8861,559,6811,530,9351,355,0021,216,112
Accumulated other comprehensive income (loss)    1,051(1,985)(34)
Accumulated deficit(395,027)(247,265)(292,858)(28,108)(25,915)(14,808)
Other undisclosed equity, attributable to parent88577766861
Total equity:1,321,9961,464,7061,266,9001,503,9541,327,1701,201,331
Other undisclosed liabilities and equity   199,551   
TOTAL LIABILITIES AND EQUITY:5,545,1385,218,0204,908,7435,892,8704,526,7903,355,385

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues
(Net Investment Income)
302,860240,161283,672339,814265,594198,903
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(172,982) (55,983)   
Gross profit:129,878240,161227,689339,814265,594198,903
Other operating expense, net
(Other Expenses)
(44,799)(38,117)(40,341)(39,835)(33,595)(27,834)
Operating income:85,079202,044187,348299,979231,999171,069
Interest and debt expense(160,755)(85,090)(107,237)(174,841)(126,025)(78,268)
Income (loss) from continuing operations before equity method investments, income taxes:(75,676)116,95480,111125,138105,97492,801
Other undisclosed income (loss) from continuing operations before income taxes16,14022,660(216,632)1,7541,3071,697
Income (loss) from continuing operations before income taxes:(59,536)139,614(136,521)126,892107,28194,498
Income tax expense(530)(1,064)(305)(579)(340)(146)
Income (loss) from continuing operations:(60,066)138,550(136,826)126,313106,94194,352
Income (loss) before gain (loss) on sale of properties:138,550(136,826)126,313106,94194,352
Net income (loss) attributable to parent:(60,066)138,550(136,826)126,313106,94194,352
Preferred stock dividends and other adjustments   (14,685)(15)(3)(16)
Other undisclosed net loss available to common stockholders, basic(13,578)(67,845)    
Net income (loss) available to common stockholders, diluted:(73,644)70,705(151,511)126,298106,93894,336

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(60,066)138,550(136,826)126,313106,94194,352
Other comprehensive income (loss)   (1,051)3,036(1,951)(1,284)
Comprehensive income (loss), net of tax, attributable to parent:(60,066)138,550(137,877)129,349104,99093,068

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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