$TRTX
TPG RE Finance Trust, Inc.

2017 Q4 Form 10-K Financial Statement

#000156459019004202 Filed on February 26, 2019

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4 2016
Revenue $53.15M $41.17M $154.0M
YoY Change 29.1% 19.66%
Cost Of Revenue $5.920M $5.270M $20.20M
YoY Change 12.33% 4.12%
Gross Profit $47.23M $35.90M $133.8M
YoY Change 31.56% 22.42%
Gross Profit Margin 88.86% 87.2% 86.88%
Selling, General & Admin $780.0K $340.0K $2.200M
YoY Change 129.41% 175.0%
% of Gross Profit 1.65% 0.95% 1.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit 0.0%
Operating Expenses $790.0K $360.0K $2.300M
YoY Change 119.44% 228.57%
Operating Profit $46.44M $35.54M $131.5M
YoY Change 30.67% 21.09%
Interest Expense -$21.68M -$16.71M $61.65M
YoY Change 29.74% -229.51%
% of Operating Profit -46.68% -47.02% 46.88%
Other Income/Expense, Net $22.44M
YoY Change 11.23%
Pretax Income $24.76M $18.83M $69.96M
YoY Change 31.49% 14.75%
Income Tax $10.00K -$330.0K -$5.000K
% Of Pretax Income 0.04% -1.75% -0.01%
Net Earnings $24.76M $19.16M $69.97M
YoY Change 29.23% 17.88%
Net Earnings / Revenue 46.59% 46.54% 45.43%
Basic Earnings Per Share $1.69
Diluted Earnings Per Share $420.6K $308.9K $1.69
COMMON SHARES
Basic Shares Outstanding 41.41M
Diluted Shares Outstanding 41.41M

Balance Sheet

Concept 2017 Q4 2016 Q4 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $75.00M $103.1M $103.1M
YoY Change -27.26% -1.72%
Cash & Equivalents $75.04M $103.1M $103.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $400.0K $35.40M $35.40M
Other Receivables $16.80M $14.00M $14.00M
Total Short-Term Assets $92.20M $152.5M $152.5M
YoY Change -39.54% -17.12%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $85.90M $61.50M $61.50M
YoY Change 39.67% 4630.77%
Other Assets $700.0K $800.0K $800.0K
YoY Change -12.5% -20.0%
Total Long-Term Assets $3.263B $2.513B $2.513B
YoY Change 29.85% 29.82%
TOTAL ASSETS
Total Short-Term Assets $92.20M $152.5M $152.5M
Total Long-Term Assets $3.263B $2.513B $2.513B
Total Assets $3.355B $2.666B $2.666B
YoY Change 25.88% 25.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.200M $4.000M $4.000M
YoY Change 30.0% -35.48%
Accrued Expenses $10.50M $9.500M $9.500M
YoY Change 10.53% 69.64%
Deferred Revenue
YoY Change
Short-Term Debt $1.827B $1.122B $0.00
YoY Change 62.86% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.866B $1.154B $31.80M
YoY Change 61.73% -92.19%
LONG-TERM LIABILITIES
Long-Term Debt $287.9M $540.8M $1.663B
YoY Change -46.76% 66.93%
Other Long-Term Liabilities $300.0K $500.0K $500.0K
YoY Change -40.0%
Total Long-Term Liabilities $288.2M $541.3M $1.663B
YoY Change -46.76% 66.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.866B $1.154B $31.80M
Total Long-Term Liabilities $288.2M $541.3M $1.663B
Total Liabilities $2.154B $1.695B $1.695B
YoY Change 27.09% 20.77%
SHAREHOLDERS EQUITY
Retained Earnings -$14.81M -$10.07M
YoY Change 47.08%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.201B $970.7M $970.7M
YoY Change
Total Liabilities & Shareholders Equity $3.355B $2.666B $2.666B
YoY Change 25.88% 25.75%

Cashflow Statement

Concept 2017 Q4 2016 Q4 2016
OPERATING ACTIVITIES
Net Income $24.76M $19.16M $69.97M
YoY Change 29.23% 17.88%
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities $24.00M $17.90M $85.73M
YoY Change 34.08% -13.05%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$500.0K -$500.0K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$300.7M $46.70M -$544.4M
YoY Change -743.9% 374.22%
Cash From Investing Activities -$300.7M $46.20M -$544.9M
YoY Change -750.87% 374.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $245.5M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 287.2M -40.40M 457.2M
YoY Change -810.89% 313.74%
NET CHANGE
Cash From Operating Activities 24.00M 17.90M 85.73M
Cash From Investing Activities -300.7M 46.20M -544.9M
Cash From Financing Activities 287.2M -40.40M 457.2M
Net Change In Cash 10.50M 23.70M -1.976M
YoY Change -55.7% -102.1%
FREE CASH FLOW
Cash From Operating Activities $24.00M $17.90M $85.73M
Capital Expenditures $0.00 -$500.0K -$500.0K
Free Cash Flow $24.00M $18.40M $86.23M
YoY Change 30.43% -12.54%

Facts In Submission

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IncreaseDecreaseInInterestPayableNet
984000
CY2018 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
769000
CY2017 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
1272000
CY2016 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-2243000
CY2018 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
146000
CY2017 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-165000
CY2016 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
482000
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-190000
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
44000
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
94000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
107697000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
91173000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
85734000
CY2018 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
2071391000
CY2017 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
1596531000
CY2016 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
535185000
CY2016 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
412921000
CY2018 trtx Payments For Advances On Loans Held For Investment
PaymentsForAdvancesOnLoansHeldForInvestment
258308000
CY2017 trtx Payments For Advances On Loans Held For Investment
PaymentsForAdvancesOnLoansHeldForInvestment
313160000
CY2016 trtx Payments For Advances On Loans Held For Investment
PaymentsForAdvancesOnLoansHeldForInvestment
318998000
CY2017 trtx Payment To Principal Advances Held By Servicer Or Trustee
PaymentToPrincipalAdvancesHeldByServicerOrTrustee
-496000
CY2018 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
1131294000
CY2017 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
1164052000
CY2016 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
781049000
CY2018 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
2174000
CY2017 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
65054000
CY2018 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
143503000
CY2017 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
96294000
CY2016 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
59509000
CY2018 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
146869000
CY2017 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
73912000
CY2016 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
1173000
CY2017 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
111000
CY2016 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
500000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1192865000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-702582000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-544891000
CY2018 us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
13800000
CY2017 us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
559574000
CY2016 us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
539542000
CY2018 us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
1541037000
CY2017 us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
16254000
CY2016 us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
80083000
CY2018 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2544583000
CY2017 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
797018000
CY2016 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
369870000
CY2018 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
2070584000
CY2017 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1789394000
CY2016 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1117069000
CY2018 trtx Payment For Proceeds From Financing Costs
PaymentForProceedsFromFinancingCosts
29279000
CY2017 trtx Payment For Proceeds From Financing Costs
PaymentForProceedsFromFinancingCosts
8699000
CY2016 trtx Payment For Proceeds From Financing Costs
PaymentForProceedsFromFinancingCosts
7426000
CY2018 trtx Payments For Retirement Of Common Stock
PaymentsForRetirementOfCommonStock
8842000
CY2017 trtx Payments For Retirement Of Common Stock
PaymentsForRetirementOfCommonStock
13851000
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
139440000
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
243654000
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
245453000
CY2018 trtx Payment Of Equity Issuance And Shelf Registration Statement Transaction Costs
PaymentOfEquityIssuanceAndShelfRegistrationStatementTransactionCosts
1074000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1050151000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
583171000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
457181000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-35017000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-28238000
CY2016 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1976000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
75737000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103975000
CY2015Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
105951000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40720000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
108106000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
64003000
CY2016 us-gaap Interest Paid Net
InterestPaidNet
51269000
CY2018 trtx Income Taxes Paid Refund
IncomeTaxesPaidRefund
341000
CY2017 trtx Income Taxes Paid Refund
IncomeTaxesPaidRefund
142000
CY2016 trtx Income Taxes Paid Refund
IncomeTaxesPaidRefund
-5000
CY2018 trtx Principal Repayments Of Loans Held For Investment By Servicer Trustee Net
PrincipalRepaymentsOfLoansHeldForInvestmentByServicerTrusteeNet
94633000
CY2017 trtx Principal Repayments Of Loans Held For Investment By Servicer Trustee Net
PrincipalRepaymentsOfLoansHeldForInvestmentByServicerTrusteeNet
220000
CY2016 trtx Principal Repayments Of Loans Held For Investment By Servicer Trustee Net
PrincipalRepaymentsOfLoansHeldForInvestmentByServicerTrusteeNet
25887000
CY2018 trtx Principal Repayments Of Commercial Mortgage Backed Securities Held By Servicer Trustee Net
PrincipalRepaymentsOfCommercialMortgageBackedSecuritiesHeldByServicerTrusteeNet
213000
CY2018 trtx Interest Payments Of Loans Held For Investment And Commercial Mortgage Backed Securities Held By Servicer Trustee Net
InterestPaymentsOfLoansHeldForInvestmentAndCommercialMortgageBackedSecuritiesHeldByServicerTrusteeNet
1488000
CY2016 trtx Proceeds From Secured Financing Agreements Held By Trustee
ProceedsFromSecuredFinancingAgreementsHeldByTrustee
8856000
CY2016Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
18346000
CY2017 trtx Accrued Stock Issuance Costs
AccruedStockIssuanceCosts
312000
CY2018 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
2926000
CY2017 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
1054000
CY2016 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
2953000
CY2016 us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
OtherSignificantNoncashTransactionValueOfConsiderationReceived1
110000
CY2018 trtx Accrued Common Stock Retirement Costs
AccruedCommonStockRetirementCosts
95000
CY2017 trtx Accrued Common Stock Retirement Costs
AccruedCommonStockRetirementCosts
239000
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:5.24%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the consolidated financial statements in conformity with GAAP requires estimates of assets, liabilities, revenues, expenses and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual results could differ from management&#8217;s estimates, and such differences could be material. Significant estimates made in the consolidated financial statements include but are not limited to: impairment; adequacy of provisions for loan losses; and valuation of financial instruments.&nbsp;&nbsp;</p>
CY2018Q4 trtx Loans Held For Investment Average Gross Spread
LoansHeldForInvestmentAverageGrossSpread
0.039
CY2017Q4 trtx Loans Held For Investment Average Gross Spread
LoansHeldForInvestmentAverageGrossSpread
0.048
CY2018 trtx Loans Held For Investment Weighted Average Maturity Period
LoansHeldForInvestmentWeightedAverageMaturityPeriod
P3Y10M24D
CY2018 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
258308000
CY2018 trtx Mortgage Loans On Real Estate Amortization Of Discount And Origination Fees
MortgageLoansOnRealEstateAmortizationOfDiscountAndOriginationFees
16907000
CY2018 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1228491000
CY2018Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4293787000
CY2018Q4 trtx Unaccreted Discount
UnaccretedDiscount
0
CY2018 trtx Fair Value Of Assets And Liabilities Transfers Amount
FairValueOfAssetsAndLiabilitiesTransfersAmount
0
CY2017 trtx Loans Held For Investment Weighted Average Maturity Period
LoansHeldForInvestmentWeightedAverageMaturityPeriod
P3Y7M6D
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2017Q4 trtx Unaccreted Discount
UnaccretedDiscount
2000000
CY2018Q4 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
2.8
CY2017Q4 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
2.6
CY2018Q4 trtx Reserve On Loans
ReserveOnLoans
0
CY2017Q4 trtx Reserve On Loans
ReserveOnLoans
0
CY2018 trtx Weighted Average Contractual Maturity Of Agreement
WeightedAverageContractualMaturityOfAgreement
P14Y7M6D
CY2018Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
3505340000
CY2018Q4 us-gaap Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
1968314000
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1537026000
CY2018Q4 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
2322044000
CY2017Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
3376158000
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2018 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0
CY2017 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0
CY2017Q4 us-gaap Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
1250870000
CY2017Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2125288000
CY2017Q4 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
3192866000
CY2018Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
38300000
CY2018 us-gaap Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
one-month LIBOR
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.003
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.002
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2018 trtx Related Parties Termination Fee Description
RelatedPartiesTerminationFeeDescription
A termination fee will be payable to the Manager upon termination of the Management Agreement by the Company absent a cause event. The termination fee would also be payable to the Manager upon termination of the Management Agreement by the Manager if the Company materially breaches the Management Agreement. The termination fee is equal to three times the sum of (x) the average annual base management fee and (y) the average annual incentive compensation earned by the Manager, in each case during the 24-month period immediately preceding the most recently completed calendar quarter prior to the date of termination or, if such termination occurs prior to July 25, 2019, and such termination fee is payable, the base management fees and the incentive compensation will be annualized for the period from July 25, 2017 to July 25, 2019 based on such fees actually received by the Manager during such period
CY2018 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
200000
CY2018 trtx Threshold Period Of Delinquency To Consider Loan Nonperforming And Place On Nonaccrual Status
ThresholdPeriodOfDelinquencyToConsiderLoanNonperformingAndPlaceOnNonaccrualStatus
P90D
CY2018Q4 trtx Number Of Loans On Non Accrual Status
NumberOfLoansOnNonAccrualStatus
0
CY2017Q4 trtx Number Of Loans On Non Accrual Status
NumberOfLoansOnNonAccrualStatus
0
CY2018 trtx Percentage Of Senior Mortgage Loan Transferred To Third Party
PercentageOfSeniorMortgageLoanTransferredToThirdParty
1.00
CY2018Q4 trtx Maximum Insured Amount Of Each Cash Account
MaximumInsuredAmountOfEachCashAccount
250000
CY2017Q4 trtx Maximum Insured Amount Of Each Cash Account
MaximumInsuredAmountOfEachCashAccount
250000
CY2018Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
4313591000
CY2018Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-19804000
CY2018Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
4293787000
CY2017Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
3198116000
CY2017Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-22444000
CY2017Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
3175672000
CY2017Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
3175672000
CY2018 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
2071391000
CY2018Q4 trtx Loans Held For Investment Fair Value Disclosure Nonrecurring
LoansHeldForInvestmentFairValueDisclosureNonrecurring
4300000000
CY2017Q4 trtx Loans Held For Investment Fair Value Disclosure Nonrecurring
LoansHeldForInvestmentFairValueDisclosureNonrecurring
3200000000
CY2016 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
0
CY2018 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
0
CY2016 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
0
CY2018 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2017-07-25
CY2018 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2017-07-03
CY2018 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
194000
CY2018 us-gaap Undistributed Earnings
UndistributedEarnings
106744000
CY2017 us-gaap Undistributed Earnings
UndistributedEarnings
94336000
CY2016 us-gaap Undistributed Earnings
UndistributedEarnings
69951000
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
63034806
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
54194596
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
41406026
CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.70
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.74
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.69
CY2017Q3 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
199400000
CY2017Q3 trtx Payment Of Underwriting Discounts
PaymentOfUnderwritingDiscounts
13200000
CY2017Q3 trtx Estimated Offering Expenses Payable
EstimatedOfferingExpensesPayable
7400000
CY2017Q3 trtx Deferred Purchase Price Contractual Obligation
DeferredPurchasePriceContractualObligation
2000000
CY2017Q3 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2017-07-03
CY2017Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2017-07-25
CY2017Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2017Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2017Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2017Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2018Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
29000000
CY2018Q1 us-gaap Dividends
Dividends
23100000
CY2018 us-gaap Dividends
Dividends
109100000
CY2017 us-gaap Dividends
Dividends
85000000
CY2018Q4 trtx Unfunded Commitments Loans Held For Investment
UnfundedCommitmentsLoansHeldForInvestment
634200000
CY2017Q4 trtx Unfunded Commitments Loans Held For Investment
UnfundedCommitmentsLoansHeldForInvestment
529000000
CY2018Q4 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
4947749000
CY2018Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
634158000
CY2018Q4 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2018Q4 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2017Q4 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
3727156000
CY2017Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
529040000
CY2017Q4 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2017Q4 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2018Q1 trtx Net Interest Income And Other Revenue
NetInterestIncomeAndOtherRevenue
33733000
CY2018Q2 trtx Net Interest Income And Other Revenue
NetInterestIncomeAndOtherRevenue
35048000
CY2018Q3 trtx Net Interest Income And Other Revenue
NetInterestIncomeAndOtherRevenue
35511000
CY2018Q4 trtx Net Interest Income And Other Revenue
NetInterestIncomeAndOtherRevenue
36584000
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25111000
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26438000
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26824000
CY2018Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28565000
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.42
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.44
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.42
CY2018Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.43
CY2017Q1 trtx Net Interest Income And Other Revenue
NetInterestIncomeAndOtherRevenue
30263000
CY2017Q2 trtx Net Interest Income And Other Revenue
NetInterestIncomeAndOtherRevenue
32346000
CY2017Q3 trtx Net Interest Income And Other Revenue
NetInterestIncomeAndOtherRevenue
28253000
CY2017Q4 trtx Net Interest Income And Other Revenue
NetInterestIncomeAndOtherRevenue
31470000
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23475000
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25320000
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20787000
CY2017Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24754000
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.48
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.52
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.35
CY2017Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.41
CY2018Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
4313591000
CY2018Q4 srt Mortgage Loans On Real Estate Federal Income Tax Basis1
MortgageLoansOnRealEstateFederalIncomeTaxBasis1
4300000000
CY2016Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
2449990000
CY2015Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
1933398000
CY2017 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
1596531000
CY2016 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
948106000
CY2017 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
315409000
CY2016 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
328356000
CY2017 trtx Mortgage Loans On Real Estate Amortization Of Discount And Origination Fees
MortgageLoansOnRealEstateAmortizationOfDiscountAndOriginationFees
19381000
CY2016 trtx Mortgage Loans On Real Estate Amortization Of Discount And Origination Fees
MortgageLoansOnRealEstateAmortizationOfDiscountAndOriginationFees
14227000
CY2017 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1202776000
CY2016 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
767713000
CY2017 us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
2863000
CY2016 us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
6384000

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