NYSE:TRTX

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Executive Summary

TPG RE Finance Trust, Inc., a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in North America. More Details


Snowflake Analysis

Moderate growth potential second-rate dividend payer.


Similar Companies

Share Price & News

How has TPG RE Finance Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TRTX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.7%

TRTX

-0.9%

US Mortgage REITs

-1.1%

US Market


1 Year Return

-60.9%

TRTX

-38.6%

US Mortgage REITs

15.6%

US Market

Return vs Industry: TRTX underperformed the US Mortgage REITs industry which returned -38.6% over the past year.

Return vs Market: TRTX underperformed the US Market which returned 15.6% over the past year.


Shareholder returns

TRTXIndustryMarket
7 Day-1.7%-0.9%-1.1%
30 Day-3.6%0.1%4.2%
90 Day-5.6%-0.4%6.3%
1 Year-55.9%-60.9%-31.8%-38.6%18.2%15.6%
3 Year-45.5%-59.3%-19.3%-41.9%39.6%30.4%
5 Yearn/a16.0%-33.1%79.5%59.2%

Price Volatility Vs. Market

How volatile is TPG RE Finance Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TPG RE Finance Trust undervalued compared to its fair value and its price relative to the market?

3.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TRTX ($7.95) is trading below our estimate of fair value ($8.25)

Significantly Below Fair Value: TRTX is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TRTX is unprofitable, so we can't compare its PE Ratio to the US Mortgage REITs industry average.

PE vs Market: TRTX is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TRTX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TRTX is good value based on its PB Ratio (0.5x) compared to the US Mortgage REITs industry average (0.8x).


Next Steps

Future Growth

How is TPG RE Finance Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

117.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRTX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: TRTX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TRTX's is expected to become profitable in the next 3 years.

Revenue vs Market: TRTX's revenue (3.1% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: TRTX's revenue (3.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TRTX's Return on Equity is forecast to be low in 3 years time (3.8%).


Next Steps

Past Performance

How has TPG RE Finance Trust performed over the past 5 years?

-21.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TRTX is currently unprofitable.

Growing Profit Margin: TRTX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TRTX is unprofitable, and losses have increased over the past 5 years at a rate of 21.3% per year.

Accelerating Growth: Unable to compare TRTX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TRTX is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-36.7%).


Return on Equity

High ROE: TRTX has a negative Return on Equity (-8.44%), as it is currently unprofitable.


Next Steps

Financial Health

How is TPG RE Finance Trust's financial position?


Financial Position Analysis

Short Term Liabilities: TRTX's short term assets ($5.3B) exceed its short term liabilities ($80.9M).

Long Term Liabilities: TRTX's short term assets ($5.3B) exceed its long term liabilities ($3.7B).


Debt to Equity History and Analysis

Debt Level: TRTX's debt to equity ratio (255.2%) is considered high.

Reducing Debt: Insufficient data to determine if TRTX's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: TRTX's debt is not well covered by operating cash flow (3.7%).

Interest Coverage: Insufficient data to determine if TRTX's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is TPG RE Finance Trust current dividend yield, its reliability and sustainability?

10.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TRTX's dividend (10.06%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: TRTX's dividend (10.06%) is in the top 25% of dividend payers in the US market (4.63%)


Stability and Growth of Payments

Stable Dividend: TRTX has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TRTX has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: TRTX is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: TRTX's dividends in 3 years are forecast to be covered by earnings (86.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Greta Guggenheim (61 yo)

4.75yrs

Tenure

US$4,325,000

Compensation

Ms. Greta Guggenheim is the Co-Founder of Ladder Capital Corp and served as its Chief Investment Officer from June 2012 to August 24, 2015. She served as President at TPG RE Finance Trust, Inc. since Janua ...


Leadership Team

NamePositionTenureCompensationOwnership
Greta Guggenheim
CEO & Director4.75yrsUS$4.33m0.71%
$ 4.3m
Matthew Coleman
President0.25yrUS$135.00k0.016%
$ 99.9k
Robert Foley
Chief Financial Officer5.17yrsUS$736.00k0.093%
$ 567.2k
Peter Smith
Chief Investment Officer & VP0.75yrUS$900.00k0.17%
$ 1.0m
Deborah Ginsberg
VP, General Counsel & Corporate Secretary2.75yrsUS$200.00k0.051%
$ 311.2k
Evelyn Infurna
Investor Relationsno datano datano data

2.8yrs

Average Tenure

54yo

Average Age

Experienced Management: TRTX's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Greta Guggenheim
CEO & Director4.75yrsUS$4.33m0.71%
$ 4.3m
Gregory White
Independent Director3.25yrsUS$140.00kno data
Kelvin Davis
Director5.83yrsUS$472.25k0.25%
$ 1.5m
Wendy Silverstein
Independent Director3.25yrsUS$137.50kno data
Todd Schuster
Director0.25yrno datano data
Avi Banyasz
Chairman of the Board5.83yrsUS$472.25k0.046%
$ 281.4k
Michael Gillmore
Independent Director3.25yrsUS$142.50k0.00065%
$ 4.0k
Bradley Smith
Independent Director3.25yrsUS$150.00k0%
$ 0

3.3yrs

Average Tenure

59yo

Average Age

Experienced Board: TRTX's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.6%.


Top Shareholders

Company Information

TPG RE Finance Trust, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TPG RE Finance Trust, Inc.
  • Ticker: TRTX
  • Exchange: NYSE
  • Founded: 2014
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Market Cap: US$610.213m
  • Shares outstanding: 76.76m
  • Website: https://www.tpgrefinance.com

Location

  • TPG RE Finance Trust, Inc.
  • 888 Seventh Avenue
  • 35th Floor
  • New York
  • New York
  • 10106
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRTXNYSE (New York Stock Exchange)YesCommon StockUSUSDJul 2017

Biography

TPG RE Finance Trust, Inc., a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in North America. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 00:21
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.