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TPG RE Finance Trust: 3Q Earnings Snapshot

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NEW YORK (AP) _ TPG RE Finance Trust Inc. (TRTX) on Monday reported third-quarter earnings of $26.8 million.

On a per-share basis, the New York-based company said it had profit of 42 cents.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The commercial real estate finance company posted revenue of $69.8 million in the period. Its adjusted revenue was $35.5 million.

TPG RE Finance Trust shares have climbed 5 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $20, an increase of almost 3 percent in the last 12 months.

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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