TPG RE Finance Trust: Q1 Earnings Snapshot
NEW YORK (AP) _ TPG RE Finance Trust Inc. (TRTX) on Tuesday reported first-quarter net income of $32 million, after reporting a loss in the same period a year earlier.
The New York-based company said it had profit of 30 cents per share. Earnings, adjusted for non-recurring gains, came to 27 cents per share.
The commercial real estate finance company posted revenue of $58.2 million in the period. Its adjusted revenue was $38 million.
TPG RE Finance Trust shares have risen 17% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.47, an increase of 69% in the last 12 months.