TPG RE Finance Trust, Inc. (TRTX)

TPG RE Finance Trust Income Statement

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

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