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TPG RE Finance Trust: 1Q Earnings Snapshot

NEW YORK (AP) _ TPG RE Finance Trust Inc. (TRTX) on Monday reported first-quarter net income of $28.4 million.

The New York-based company said it had profit of 42 cents per share. Earnings, adjusted for non-recurring costs, came to 43 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 43 cents per share.

The commercial real estate finance company posted revenue of $77 million in the period. Its adjusted revenue was $37.7 million.

TPG RE Finance Trust shares have increased 8.5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $19.83, increasing slightly in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRTX at https://www.zacks.com/ap/TRTX