What is TPG RE Finance Trust Financial Strength?
TPG RE Finance Trust has the Financial Strength Rank of 2. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
TPG RE Finance Trust Inc displays poor financial strength. Usually, this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate TPG RE Finance Trust's interest coverage with the available data.
TPG RE Finance Trust's debt to revenue ratio for the quarter that ended in Mar. 2024 was 17.28.
Altman Z-Score does not apply to banks and insurance companies.
TPG RE Finance Trust Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
TPG RE Finance Trust's Interest Expense for the
months ended in Mar. 2024 was $-55.4 Mil. Its Operating Income for the
months ended in Mar. 2024 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,657.3 Mil.
TPG RE Finance Trust's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
TPG RE Finance Trust's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TPG RE Finance Trust (TPG RE Finance Trust) Business Description
Traded in Other Exchanges
N/A
Address
888 Seventh Avenue, 35th Floor, New York, NY, USA, 10106
TPG RE Finance Trust Inc is a commercial real estate finance company. It originates, acquires and manages commercial mortgage loans and other commercial real estate-related debt instruments consisting of first mortgage loans and senior participation interests in first mortgage loans secured by institutional-quality properties in primary and select secondary markets in the United States. The company's objective is to provide attractive risk-adjusted returns to its stockholders over time through cash distributions and capital appreciation. It focuses on directly originating and selectively acquiring floating rate first mortgage loans that are secured by high quality commercial real estate properties undergoing some form of transition and value creation.
Executives
| Robert Foley |
officer: CFO & Chief Risk Officer |
888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106 |
| Deborah J. Ginsberg |
officer: Vice President & Secretary |
888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106 |
| Julie Hong Clayton |
director |
C/O TPG PACE TECH OPPORTUNITIES CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
| Doug Bouquard |
director, officer: Chief Executive Officer |
888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106 |
| Brandon C Fox |
officer: Chief Accounting Officer |
888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106 |
| China Investment Corp |
10 percent owner |
NEW POLY PLAZA, NO. 1 CHAOYANGMEN BEIDAJIE, DONGCHENG, BEIJING F4 100010 |
| Jon Winkelried |
10 percent owner |
C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004 |
| Tpg Gp A, Llc |
10 percent owner |
301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
| Tpg Group Holdings (sbs) Advisors, Inc. |
10 percent owner |
C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
| Todd Schuster |
director |
C/O TPG RE FINANCE TRUST, INC., 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106 |
| Starwood Xi Management Gp, L.l.c. |
10 percent owner |
1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139 |
| Pe Holder, L.l.cc |
10 percent owner |
591 WEST PUTNAM AVENUE, GREENWICH CT 06830 |
| Bss Scg Gp Holdings, Llc |
10 percent owner |
1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139 |
| Starwood Capital Group Holdings Gp, L.l.c. |
10 percent owner |
1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139 |
| Scgg Ii Gp, L.l.c. |
10 percent owner |
1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139 |
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