Earnings Call Summary | TPG RE Finance Trust Inc(TRTX.US) Q1 2024 Earnings Conference
Earnings Call Summary | TPG RE Finance Trust Inc(TRTX.US) Q1 2024 Earnings Conference
The following is a summary of the TPG RE Finance Trust, Inc. (TRTX) Q1 2024 Earnings Call Transcript:
以下是TPG RE Finance Trust, Inc.（TRTX）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
TPG RE Finance Trust reported Q1 GAAP net income attributable to common shareholders as $13.1 million.
The company's net interest margin for the loan portfolio was $26.8 million, up from $21.3 million the last quarter.
Distributable earnings stood at $23.3 million, or $0.30 per share, covering the quarterly dividend of $0.24 by 1.25 times.
The loan portfolio is performing 100% with a slight increase in the CECL reserve to $74.1 million.
Liquidity at quarter end was $370 million, with a debt to equity ratio of 2.21.
TPG RE Finance Trust報告稱，第一季度歸屬於普通股股東的GAAP淨收益爲1,310萬美元。
該公司貸款組合的淨利潤率爲2680萬美元，高於上個季度的2,130萬美元。
可分配收益爲2330萬美元，合每股收益0.30美元，相當於0.24美元的季度股息的1.25倍。
貸款組合表現爲100％，CECL儲備金略有增加至7,410萬美元。
季度末的流動性爲3.7億美元，負債權益比率爲2.21。
Business Progress:
業務進展：
TPG RE Finance Trust originated three senior mortgage loans totaling $116 million in Q1, all secured by multifamily properties.
The portfolio now has a 50% focus on multifamily loans as part of the company's strategic pivot.
The Board approved a share repurchase plan of up to $25 million, reflecting their confidence in the company's value.
The company plans to proactively manage investment portfolio risk and position the balance sheets to take advantage of lending market dislocations in 2024.
There are identified potential investments areas – new capital reflecting market values and regional banks – as part of their shift in strategy towards a focus on housing acquisitions, and expectations for banks pulling back from lending.
A funding pipeline for future quarters and a potential shift to the use of Series CLO in their financing structure demonstrate an offensive strategy with an appetite for generating new investments.
TPG RE Finance Trust在第一季度發放了三筆總額爲1.16億美元的優先抵押貸款，全部由多戶住宅擔保。
作爲公司戰略支點的一部分，該投資組合現在有50％側重於多戶家庭貸款。
董事會批准了高達2500萬美元的股票回購計劃，這反映了他們對公司價值的信心。
該公司計劃在2024年積極管理投資組合風險並對資產負債表進行定位，以利用貸款市場混亂的機會。
已經確定了潛在的投資領域——反映市場價值的新資本和區域銀行——這是他們轉向以住房收購爲重點的戰略的一部分，以及對銀行撤出貸款的預期。
未來幾個季度的融資渠道以及在融資結構中可能轉向使用CLO系列，這表明他們採取了渴望產生新投資的進攻性策略。
More details: TPG RE Finance Trust Inc IR
更多詳情： TPG 可再生能源金融信託公司 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。