TPG RE Finance Trust: 2Q Earnings Snapshot
NEW YORK (AP) _ TPG RE Finance Trust Inc. (TRTX) on Monday reported second-quarter profit of $26.4 million.
On a per-share basis, the New York-based company said it had profit of 44 cents.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 44 cents per share.
The commercial real estate finance company posted revenue of $65.2 million in the period. Its adjusted revenue was $35 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $35.3 million.
TPG RE Finance Trust shares have increased nearly 9 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $20.69, a climb of nearly 4 percent in the last 12 months.