← TPG RE Finance Trust, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from real estate owned operations | — | — | — | — | $0 | $0 | $7.8m | $30.7m | $34.3m | — | |
| Total other revenue | $1.7m | $1.3m | $1.8m | $537k | $560k | $2.8m | $27.7m | $44.8m | $42.3m | — | |
| Net interest income | $120.6m |
$139.6m
+15.70%
|
$165.0m
+18.20%
|
$176.4m
+6.95%
|
$155.1m
-12.11%
|
$142.1m
-8.36%
|
$88.7m
-37.59%
|
$108.3m
+22.10%
|
$103.8m
-4.17%
|
$103.1m
-0.64%
|
|
| General and administrative | $3.0m | $4.0m | $5.6m | $3.6m | $4.4m | $4.4m | $3.8m | $4.3m | $4.3m | $14.0m | |
| Interest expense | ($78.3m) | ($126.0m) | ($174.8m) | ($107.2m) | ($85.1m) | ($160.8m) | ($273.9m) | ($198.9m) | ($186.5m) | $196.6m | |
| Interest income | $198.9m | $265.6m | $339.8m | $283.7m | $240.2m | $302.9m | $362.6m | $307.1m | $290.2m | $299.8m | |
| Gain on sale of real estate owned, net | — | — | — | $0 | $15.8m | $13.3m | $7.0m | $0 | $7.0m | — | |
| Other income, net | $1.7m | $1.3m | $1.8m | $537k | $560k | $2.8m | $19.9m | $14.1m | $8.1m | — | |
| Total other expenses | $27.8m | $33.6m | $39.8m | $40.3m | $38.1m | $44.8m | $49.9m | $74.2m | $78.5m | — | |
| Income (loss) before income taxes | $94.5m | $107.3m | $126.9m | ($136.5m) | $139.6m | ($59.5m) | ($116.4m) | $74.7m | $60.7m | — | |
| Income tax expense, net | ($146k) | ($340k) | ($579k) | ($305k) | ($1.1m) | ($530k) | ($259k) | ($399k) | ($378k) | $407k | |
| Net income (loss) | $94.4m |
$106.9m
+13.34%
|
$126.3m
+18.11%
|
($136.8m)
-208.32%
|
$138.6m
+201.26%
|
($60.1m)
-143.35%
|
($116.6m)
-94.17%
|
$74.3m
+163.74%
|
$60.3m
-18.86%
|
$43.2m
-28.45%
|
|
| Comprehensive net income (loss) | $93.1m | $105.0m | $129.3m | ($137.9m) | $138.6m | ($60.1m) | ($116.6m) | $74.3m | $60.3m | — | |
| Net income (loss) attributable to common stockholders | $94.3m |
$106.9m
+13.36%
|
$126.3m
+18.10%
|
($151.5m)
-219.96%
|
$70.7m
+146.67%
|
($73.6m)
-204.16%
|
($130.9m)
-77.75%
|
$59.7m
+145.58%
|
$45.5m
-23.78%
|
$43.2m
-5.10%
|
|
| Preferred stock dividends and participating securities' share in earnings | — | — | ($691k) | ($18.7m) | ($19.9m) | ($13.6m) | ($14.3m) | ($14.7m) | ($14.8m) | $14.9m | |
| Earnings per common share, basic (in USD per share) | $1.74 | $1.70 | $1.73 | ($2.03) | $0.92 | ($0.95) | ($1.69) | $0.75 | $0.57 | — | |
| Earnings per common share, diluted (in USD per share) | $1.74 | $1.70 | $1.73 | ($2.03) | $0.87 | ($0.95) | ($1.69) | $0.75 | $0.57 | — | |
| Basic (in shares) | $54.2m | $63.0m | $72.7m | $76.7m | $77.0m | $77.3m | $77.6m | $79.8m | $79.3m | $78.0m | |
| Diluted (in shares) | $54.2m | $63.0m | $72.7m | $76.7m | $81.7m | $77.3m | $77.6m | $79.9m | $79.4m | $78.3m | |
| Professional fees | $3.1m | $3.2m | $3.7m | $9.0m | $4.8m | $4.7m | $6.7m | $5.8m | $5.8m | — | |
| Stock compensation expense | — | $665k | $2.6m | $5.8m | $5.8m | $5.1m | $8.0m | $6.4m | $9.8m | — | |
| Servicing and asset management fees | $3.1m | $2.6m | $1.8m | $1.2m | $1.6m | $2.0m | $1.4m | $1.9m | $1.8m | — | |
| Management fee | $14.1m | $19.4m | $21.6m | $20.8m | $21.5m | $23.5m | $22.4m | $20.2m | $20.9m | — | |
| Expenses from real estate owned operations | — | — | — | — | $0 | $0 | $7.5m | $35.6m | $35.9m | — | |
| Credit loss expense, net | — | — | — | ($69.8m) | ($6.3m) | ($173.0m) | $189.9m | ($4.1m) | ($13.9m) | — |