TPG RE Finance Trust: 2Q Earnings Snapshot
Posted Jul 29, 2020 3:06 pm.
Last Updated Jul 29, 2020 3:14 pm.
This article is more than 5 years old.
NEW YORK (AP) _ TPG RE Finance Trust Inc. (TRTX) on Wednesday reported second-quarter profit of $40.7 million.
The New York-based company said it had net income of 52 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The commercial real estate finance company posted revenue of $70.2 million in the period. Its adjusted revenue was $44.3 million.
TPG RE Finance Trust shares have dropped 58% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.42, a fall of 57% 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
The Associated Press
