Why TPG RE Finance Trust Trounced the Market This Week

·2 min read
Why TPG RE Finance Trust Trounced the Market This Week

Investors clearly had plenty of trust in TPG RE Finance Trust (NYSE: TRTX) this week; after all, the company's shares flew nearly 8% higher over the period, according to data compiled by S&P Global Market Intelligence. The reason why wasn't hard to figure out -- the mortgage real estate investment trust (mREIT) published an investor-pleasing set of quarterly and annual operating results after market hours on Tuesday. This, plus a supplemental breakdown, revealed that TPG booked over $100 million in interest income in the fourth quarter.