| Market Capitalization (Millions $) |
610 |
| Shares
Outstanding (Millions) |
79 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
157 |
| Net Income (TTM) (Millions $) |
51 |
| Cash Flow (TTM) (Millions $) |
-271 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
TPG Real Estate Finance Trust, Inc. (TRT) is a commercial real estate finance company focused on originating, acquiring and managing primarily first mortgage loans secured by institutional quality commercial real estate properties in the United States. The company is externally managed by TPG Real Estate Advisors, which is a subsidiary of TPG, a leading global private investment firm.
TRT operates as a real estate investment trust (REIT) and was formed in 2014 as a subsidiary of TPG. The headquarters of the company is located in San Francisco, California, and its shares are traded on the New York Stock Exchange (NYSE) under the ticker symbol "TRTX."
TRT focuses on providing financing primarily to established and experienced property owners and operators, and real estate developers who require short-term bridge loans or long-term permanent financing. TRT's loans are generally originated with attractive risk-adjusted yields and are secured by income-producing or value-add commercial real estate properties.
The company's loan portfolio consists of a diversified mix of property types, including office, retail, multifamily, industrial, hospitality, and self-storage. As of September 30, 2021, TRT's loan portfolio had a total principal balance of $4.6 billion, with an average interest rate of1% and an average remaining term of5 years.
TRT also invests in subordinate debt and mezzanine loans, preferred equity investments, and CMBS securities to enhance the return on its investment portfolio. The company targets a diverse pool of borrowers and works closely with them to understand their needs and tailor the loan structure to meet their unique needs.
In addition to loan origination, TRT also manages a significant amount of cash on its balance sheet, which it invests in short-term, highly liquid securities. The company's investment strategy is designed to provide stability to its cash balances while maintaining liquidity.
TRT has a management team with decades of experience in the commercial real estate finance industry, and its executives have a track record of successful loan originations and underwriting. The company is committed to maintaining strong relationships with its borrowers, providing them with superior service and execution capabilities.
In conclusion, TPG Real Estate Finance Trust Inc is a well-established Real Estate Investment Trust company with vast experience in commercial real estate finance. With its diversified loan portfolio mix and attractive risk-adjusted yields, the company is poised to continue delivering value to its investors over the long term.
Company Address: 888 Seventh Avenue Zagreb 10106 City of Zagreb
Company Phone Number: 601-4700 Stock Exchange / Ticker: NYSE TRTX
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1.15%