TPG RE Finance Trust, Inc. (TRTX)

TPG RE Finance Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	293.01	307.15	362.55	302.86	240.16	283.67
Total Interest Expense	186.62	198.85	273.86	160.76	85.09	107.24
Net Interest Income	106.39	108.29	88.69	142.11	155.07	176.44
Other Revenue	44.83	44.82	27.7	2.85	0.56	0.54
Revenue Before Loan Losses	151.22	153.12	116.39	144.95	155.63	176.97
Provision for Loan Losses	3.22	4.15	189.91	172.98	-6.31	69.76
Revenue	148.01	148.97	-73.52	-28.03	161.94	107.22
Revenue Growth (YoY)	-	-	-	-	51.04%	-35.69%
Cost of Services Provided	69.9	67.85	41.85	39.75	32.35	34.57
Total Operating Expenses	76.63	74.23	49.88	44.8	38.12	40.34
Operating Income	71.38	74.73	-123.4	-72.83	123.82	66.88
EBT Excluding Unusual Items	71.38	74.73	-123.4	-72.83	123.82	66.88
Gain (Loss) on Sale of Investments	-	-	-	-	-	-203.4
Pretax Income	71.38	74.73	-116.37	-59.54	139.61	-136.52
Income Tax Expense	0.07	0.4	0.26	0.53	1.06	0.31
Net Income	71.31	74.34	-116.63	-60.07	138.55	-136.83
Preferred Dividends & Other Adjustments	14.74	14.67	14.28	13.58	67.85	18.71
Net Income to Common	56.57	59.67	-130.91	-73.64	70.71	-155.53
Shares Outstanding (Basic)	81	80	78	77	77	77
Shares Outstanding (Diluted)	81	80	78	77	82	77
Shares Change (YoY)	4.08%	2.98%	0.36%	-5.37%	6.56%	5.38%
EPS (Basic)	0.70	0.75	-1.69	-0.95	0.92	-2.03
EPS (Diluted)	0.70	0.75	-1.69	-0.95	0.87	-2.03
Free Cash Flow	93.89	112.13	80.13	100.5	132.17	132.09
Free Cash Flow Per Share	1.16	1.40	1.03	1.30	1.62	1.72
Dividend Per Share	0.960	0.960	0.960	0.960	0.880	1.030
Dividend Growth	-	-	-	9.09%	-14.56%	-40.12%
Operating Margin	48.23%	50.17%	-	-	76.46%	62.37%
Profit Margin	38.22%	40.05%	-	-	43.66%	-145.06%
Free Cash Flow Margin	63.44%	75.27%	-	-	81.61%	123.19%
Effective Tax Rate	0.09%	0.53%	-	-	0.76%	-

Updated Feb 18, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q