TPG RE Finance Trust, Inc. (NYSE: TRTX) reported its financial results for the third quarter ended September 30, 2026, in an earnings release filed with the SEC on October 26, 2026. The company reported GAAP net income attributable to common stockholders of $5.8 million, or $0.08 per share, based on a diluted weighted average share count of 76.5 million shares.
For the quarter, TRTX originated eight first mortgage loans and acquired one first mortgage loan, resulting in aggregate total loan commitments of $772.7 million. The weighted average interest rate for these loans was Term SOFR plus 3.02%, with an initial loan-to-value ratio of 70.2%. The company also completed one non-judicial foreclosure, acquiring a multifamily property with a fair value of $30.1 million.
Regarding capital allocation, TRTX repurchased 1,163,018 shares of common stock during the quarter at a weighted average price of $8.00 per share, costing $9.3 million. The company declared a cash dividend of $0.24 per share on September 17, 2026, which was paid on October 23, 2026.
On October 26, 2026, TRTX’s Board of Directors approved a new share repurchase program authorizing the repurchase of up to $50.0 million of the company's common stock. This new authorization doubles the company's prior authorization. The company also entered the fourth quarter with $291.6 million of near-term liquidity, including $70.8 million of cash-on-hand and undrawn capacity under various financing arrangements totaling $219.3 million.
