TPG RE Finance Trust Reports Q4 Earnings, Misses Expectations
TPG RE Finance Trust Inc. (TRTX) reported net income of $10.7 million for the fourth quarter, falling short of analyst expectations. Earnings per share were 9 cents, or 10 cents adjusted for one-time items, compared to the consensus estimate of 28 cents.
Revenue for the quarter totaled $79.1 million, with adjusted revenue at $34.7 million. For the full year, the company reported profit of $74.3 million, or 75 cents per share, on revenue of $153.1 million.