TPG RE Finance Trust: Deep Discount And Safe

TPG RE Finance Trust (TRTX) trades 24% below book as buybacks boost value, with an 11.5% dividend covered by earnings and 26.5% loan growth—read now.

Summary - TPG RE Finance Trust continues to trade at a significant 24% discount to book value per share as stock buybacks continue at an accretive pace. - TRTX is paying out an 11.5% dividend yield on the back of a $0.24 per share quarterly payout that's 104% covered by distributable earnings. - The mREIT grew its loan investment portfolio by 26.5% year-over-year, which should underpin NII strength.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of TRTX.PR.C either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha).

I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor.

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