TPG RE Finance Trust: 2Q Earnings Snapshot
NEW YORK (AP) _ TPG RE Finance Trust Inc. (TRTX) on Monday reported second-quarter earnings of $32 million.
The New York-based company said it had net income of 43 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 43 cents per share.
The commercial real estate finance company posted revenue of $88.7 million in the period. Its adjusted revenue was $42.2 million.
TPG RE Finance Trust shares have climbed 8% since the beginning of the year. In the final minutes of trading on Monday, shares hit $19.77, a decrease of slightly more than 4% in the last 12 months.