TPG RE Finance Trust

General Information
Business:

We are a commercial real estate finance company sponsored by TPG. We directly originate, acquire and manage commercial mortgage loans and other commercial real estate-related debt instruments for our balance sheet. Our objective is to provide attractive risk-adjusted returns to our stockholders over time through cash distributions and capital appreciation.As of December 31, 2016, our portfolio consisted of 54 first mortgage loans (or interests therein) with an aggregate unpaid principal balance of $2.4 billion and two mezzanine loans with an aggregate unpaid principal balance of $41.4 million, and collectively having a weighted average credit spread of 5.1%, a weighted average all-in yield of 6.1%, a weighted average extended maturity (assuming all extension options have been exercised by borrowers) of 3.0 years and a weighted average LTV of 58.4%.

Industry: REAL ESTATE INVESTMENT TRUST
Employees: 0
Founded: 2014
Contact Information
Address 888 Seventh Avenue, 35th Floor, New York, NY 10106 , NY
Phone Number (212) 601-7400
Web Address http://www.tpgrefinancetrust.com
View Prospectus: TPG RE Finance Trust
Financial Information
Market Cap $1189.6mil
Revenues $167.8 mil (last 12 months)
Net Income $77.2 mil (last 12 months)
IPO Profile
Symbol TRTX
Exchange NYSE
Shares (millions): 11.0
Price range $20.00 - $20.00
Est. $ Volume $225.5 mil
Manager / Joint Managers BofA Merrill Lynch/ Citigroup/ Goldman Sachs/ Wells Fargo Securities/ Deutsche Bank Securities/ J. P. Morgan/ Morgan Stanley/ Barclays
CO-Managers TPG Capital BD/ JMP Securities
Expected To Trade: 7/20/2017
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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