$TRTX
TPG RE Finance Trust, Inc.

2020 Q2 Form 10-Q Financial Statement

#000156459020034284 Filed on July 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $70.17M $88.67M
YoY Change -20.86% 36.0%
Cost Of Revenue $9.410M $8.400M
YoY Change 12.02% 11.55%
Gross Profit $60.76M $80.27M
YoY Change -24.31% 39.19%
Gross Profit Margin 86.59% 90.53%
Selling, General & Admin $2.550M $1.670M
YoY Change 52.69% 53.21%
% of Gross Profit 4.2% 2.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.540M $1.670M
YoY Change 52.1% 53.21%
Operating Profit $58.22M $78.60M
YoY Change -25.93% 38.92%
Interest Expense $25.87M $46.43M
YoY Change -44.29% 53.96%
% of Operating Profit 44.43% 59.07%
Other Income/Expense, Net $11.96M
YoY Change
Pretax Income $42.99M $32.17M
YoY Change 33.63% 21.73%
Income Tax $61.00K $202.0K
% Of Pretax Income 0.14% 0.63%
Net Earnings $42.93M $31.97M
YoY Change 34.28% 20.92%
Net Earnings / Revenue 61.18% 36.05%
Basic Earnings Per Share $0.52 $0.43
Diluted Earnings Per Share $0.52 $0.43
COMMON SHARES
Basic Shares Outstanding 76.64M 73.96M
Diluted Shares Outstanding 76.64M 73.96M

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $196.2M $70.00M
YoY Change 180.29% 64.71%
Cash & Equivalents $196.4M $70.04M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $80.30M $213.5M
Other Receivables $29.90M $30.90M
Total Short-Term Assets $306.4M $314.4M
YoY Change -2.54% 222.79%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $679.2M
YoY Change 211.42%
Other Assets $200.0K $500.0K
YoY Change -60.0% -37.5%
Total Long-Term Assets $4.990B $5.510B
YoY Change -9.44% 36.89%
TOTAL ASSETS
Total Short-Term Assets $306.4M $314.4M
Total Long-Term Assets $4.990B $5.510B
Total Assets $5.296B $5.825B
YoY Change -9.07% 41.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.00M $7.600M
YoY Change 44.74% 22.58%
Accrued Expenses $22.10M $15.70M
YoY Change 40.76% 37.72%
Deferred Revenue
YoY Change
Short-Term Debt $1.719B $1.164B
YoY Change 47.67% -25.99%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.801B $1.219B
YoY Change 47.68% -24.56%
LONG-TERM LIABILITIES
Long-Term Debt $2.028B $3.140B
YoY Change -35.43% 138.97%
Other Long-Term Liabilities $100.0K $400.0K
YoY Change -75.0% -20.0%
Total Long-Term Liabilities $2.028B $3.141B
YoY Change -35.44% 138.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.801B $1.219B
Total Long-Term Liabilities $2.028B $3.141B
Total Liabilities $3.828B $4.360B
YoY Change -12.19% 48.77%
SHAREHOLDERS EQUITY
Retained Earnings -$29.22M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.271B $1.465B
YoY Change
Total Liabilities & Shareholders Equity $5.296B $5.825B
YoY Change -9.07% 41.29%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $42.93M $31.97M
YoY Change 34.28% 20.92%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $33.20M $27.00M
YoY Change 22.96% -5.92%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $644.3M -$678.1M
YoY Change -195.02% 115.13%
Cash From Investing Activities $644.3M -$678.1M
YoY Change -195.02% 115.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -585.6M 665.9M
YoY Change -187.94% 161.14%
NET CHANGE
Cash From Operating Activities 33.20M 27.00M
Cash From Investing Activities 644.3M -678.1M
Cash From Financing Activities -585.6M 665.9M
Net Change In Cash 91.90M 14.80M
YoY Change 520.95% -146.98%
FREE CASH FLOW
Cash From Operating Activities $33.20M $27.00M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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309000
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
937000
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
1148000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1051000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
3218000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-align:justify;margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">Reclassifications</span></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">Certain amounts in the Company’s prior period consolidated financial statements have been reclassified to conform to the presentation of the Company’s current period consolidated financial statements. These reclassifications had no effect on the Company’s previously reported net income. These reclassifications include the separate presentation of stock compensation on the consolidated statements of income and comprehensive income, and </span><span style="color:#000000;">the disaggregation of proceeds and payments from secured financing agreements secured by loans and secured financing agreements secured by CRE debt securities on the consolidated statements of cash flows. </span></p>
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:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the interim 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 interim consolidated financial statements. Actual results could differ from management’s estimates, and such differences could be material. Significant estimates made in the interim consolidated financial statements include, but are not limited to: the adequacy of provisions for credit losses and the valuation inputs related thereto; and the valuation of financial instruments. Actual amounts and values as of the balance sheet dates may be materially different than the amounts and values reported due to the inherent uncertainty in the estimation process and the limited availability of observable pricing inputs due to market dislocation resulting from the COVID-19 pandemic. Also, future amounts and values could differ materially from those estimates due to changes in values and circumstances after the balance sheet date and the limited availability of observable prices.</p>
CY2020Q2 trtx Loan Commitment Non Consolidated Senior Interest Outstanding
LoanCommitmentNonConsolidatedSeniorInterestOutstanding
132000000.0
trtx Percentage Of Senior Mortgage Loan Transferred To Third Party
PercentageOfSeniorMortgageLoanTransferredToThirdParty
1
CY2020Q2 trtx Percentage Of Loans Subject To Yield Maintenance Or Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceOrOtherPrepaymentRestrictions
0.578
CY2020Q2 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
0
CY2020Q2 trtx Maximum Insured Amount Of Each Cash Account
MaximumInsuredAmountOfEachCashAccount
250000
CY2019Q4 trtx Maximum Insured Amount Of Each Cash Account
MaximumInsuredAmountOfEachCashAccount
250000
CY2020Q2 us-gaap Cash
Cash
23200000
CY2019Q4 us-gaap Cash
Cash
56900000
CY2020Q2 trtx Voluntary Deleveraging Payments
VoluntaryDeleveragingPayments
157700000
CY2019Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4980389000
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
4980389000
CY2019Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
8176000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-28108000
CY2020Q2 trtx Percentage Of Loans Open To Repayment By Borrower Without Penalty
PercentageOfLoansOpenToRepaymentByBorrowerWithoutPenalty
0.422
CY2020Q2 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
5055913000
CY2020Q2 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-13788000
CY2020Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
5042125000
CY2020Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
53557000
CY2020Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
4988568000
CY2019Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
4998176000
CY2019Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-17787000
CY2019Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
4980389000
CY2019Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
4980389000
CY2019Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4980389000
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
351650000
us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
124242000
trtx Mortgage Loans On Real Estate Amortization Of Origination Fees
MortgageLoansOnRealEstateAmortizationOfOriginationFees
5882000
srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
420038000
trtx Mortgage Loans On Real Estate Change In Allowance For Credit Losses
MortgageLoansOnRealEstateChangeInAllowanceForCreditLosses
-53557000
CY2020Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4988568000
trtx Loans And Leases Receivable Loans Sold
LoansAndLeasesReceivableLoansSold
85500000
CY2020Q2 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-13800000
CY2019Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-17800000
CY2020Q2 trtx Accelerated Fee Component Of Prepayment Fees
AcceleratedFeeComponentOfPrepaymentFees
0.0
CY2019Q2 trtx Accelerated Fee Component Of Prepayment Fees
AcceleratedFeeComponentOfPrepaymentFees
0.0
trtx Accelerated Fee Component Of Prepayment Fees
AcceleratedFeeComponentOfPrepaymentFees
300000
trtx Accelerated Fee Component Of Prepayment Fees
AcceleratedFeeComponentOfPrepaymentFees
600000
CY2020Q2 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
356181000
CY2020Q2 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
2356147000
CY2020Q2 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
1634277000
CY2020Q2 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
667463000
CY2020Q2 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
28057000
CY2020Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
5042125000
CY2020Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
5042125000
CY2019Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4980389000
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
53557000
CY2020Q2 us-gaap Notes Receivable Net
NotesReceivableNet
4988568000
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
4980389000
CY2020Q2 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
3.1
CY2019Q4 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
2.9
CY2020Q2 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
3.1
CY2019Q4 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
2.9
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-58700000
CY2020Q2 trtx Financing Receivable Allowance For Credit Loss Unfunded Loan Commitment
FinancingReceivableAllowanceForCreditLossUnfundedLoanCommitment
5118000
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
53557000
CY2020Q2 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
FinancingReceivableAllowanceForCreditLossesLoansHeldForInvestmentAndUnfundedLoanCommitment
58675000
CY2020Q2 trtx Financing Receivable Allowance For Credit Loss Unfunded Loan Commitment
FinancingReceivableAllowanceForCreditLossUnfundedLoanCommitment
5118000
CY2020Q2 trtx Unpaid Margin Calls
UnpaidMarginCalls
0
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
500000
CY2020Q2 trtx Number Of Loans On Non Accrual Status
NumberOfLoansOnNonAccrualStatus
0
CY2020Q1 trtx Number Of Loans On Non Accrual Status
NumberOfLoansOnNonAccrualStatus
0
CY2019Q4 trtx Number Of Loans On Non Accrual Status
NumberOfLoansOnNonAccrualStatus
0
CY2020Q2 trtx Number Of Loans On Over90 Days Past Due
NumberOfLoansOnOver90DaysPastDue
4
CY2020Q2 trtx Mortgage Loans On Real Estate Amortized Cost
MortgageLoansOnRealEstateAmortizedCost
85500000
CY2019Q4 trtx Mortgage Loans On Real Estate Amortized Cost
MortgageLoansOnRealEstateAmortizedCost
81900000
CY2020Q2 trtx Mortgage Loans On Real Estate Discount Rate
MortgageLoansOnRealEstateDiscountRate
0.115
CY2020Q2 trtx Mortgage Loans On Real Estate Terminal Capitalization Rate
MortgageLoansOnRealEstateTerminalCapitalizationRate
0.0875
CY2020Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
261079000
CY2020Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
4781046000
CY2020Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
5042125000
CY2020Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
28057000
CY2019Q4 trtx Available For Sale Securities Face Amount
AvailableForSaleSecuritiesFaceAmount
786349000
CY2019Q4 trtx Available For Sale Securities Unamortized Premium Discount Net
AvailableForSaleSecuritiesUnamortizedPremiumDiscountNet
152000
CY2020Q2 us-gaap Loans And Leases Receivable Collateral For Secured Borrowings
LoansAndLeasesReceivableCollateralForSecuredBorrowings
0
CY2020Q1 trtx Unpaid Margin Calls
UnpaidMarginCalls
19000000.0
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
786501000
CY2019Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1051000
CY2019Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
787552000
CY2020Q1 us-gaap Loans And Leases Receivable Collateral For Secured Borrowings
LoansAndLeasesReceivableCollateralForSecuredBorrowings
170900000
CY2020Q1 trtx Cash Proceeds From Bond Sales
CashProceedsFromBondSales
89800000
CY2020Q2 trtx Debt Instrument Covenant Minimum Cash Liquidity
DebtInstrumentCovenantMinimumCashLiquidity
10000000.0
CY2020Q2 trtx Debt Instrument Covenant Minimum Cash Liquidity
DebtInstrumentCovenantMinimumCashLiquidity
10000000.0
CY2020Q2 trtx Debt Instrument Covenant Maximum Debt Equity Ratio
DebtInstrumentCovenantMaximumDebtEquityRatio
3.5
CY2020Q2 trtx Debt Instrument Covenant Maximum Debt Equity Ratio
DebtInstrumentCovenantMaximumDebtEquityRatio
3.5
CY2020Q2 trtx Debt Instrument Covenant Minimum Interest Coverage Ratio
DebtInstrumentCovenantMinimumInterestCoverageRatio
1.5
CY2020Q2 trtx Debt Instrument Covenant Tangible Net Worth
DebtInstrumentCovenantTangibleNetWorth
1100000000
CY2020Q2 trtx Debt Instrument Covenant Minimum Percentage Of Tangible Net Worth On Net Cash Proceed Of Equity Issuances
DebtInstrumentCovenantMinimumPercentageOfTangibleNetWorthOnNetCashProceedOfEquityIssuances
0.75
CY2020Q2 trtx Debt To Equity Covenant Equity Adjustment Product Of Indebtedness Multiplication Percentage
DebtToEquityCovenantEquityAdjustmentProductOfIndebtednessMultiplicationPercentage
0.25
CY2020Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
173200000
trtx Threshold Period Of Delinquency To Consider Loan Nonperforming And Place On Nonaccrual Status
ThresholdPeriodOfDelinquencyToConsiderLoanNonperformingAndPlaceOnNonaccrualStatus
P90D
CY2020Q2 trtx Loans Held For Investment Fair Value Disclosure Nonrecurring
LoansHeldForInvestmentFairValueDisclosureNonrecurring
4900000000
CY2019Q4 trtx Loans Held For Investment Fair Value Disclosure Nonrecurring
LoansHeldForInvestmentFairValueDisclosureNonrecurring
5000000000.0
CY2020Q2 trtx Loans Held For Investment Weighted Average Gross Spread
LoansHeldForInvestmentWeightedAverageGrossSpread
0.0339
CY2019Q4 trtx Loans Held For Investment Weighted Average Gross Spread
LoansHeldForInvestmentWeightedAverageGrossSpread
0.0348
trtx Loans Held For Investment Weighted Average Maturity Period
LoansHeldForInvestmentWeightedAverageMaturityPeriod
P3Y6M
CY2019 trtx Loans Held For Investment Weighted Average Maturity Period
LoansHeldForInvestmentWeightedAverageMaturityPeriod
P3Y9M18D
CY2020Q2 trtx Secured Financing Agreements Fair Value Disclosure
SecuredFinancingAgreementsFairValueDisclosure
2000000000.0
CY2020Q2 trtx Collateralized Loan Obligation Fair Value Disclosure
CollateralizedLoanObligationFairValueDisclosure
1900000000
CY2019Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
9335935000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-538946000
CY2020Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
8796989000
trtx Fair Value Of Assets And Liabilities Transfers Amount
FairValueOfAssetsAndLiabilitiesTransfersAmount
0
CY2020Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2020Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0
CY2020Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0
us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0
CY2020Q2 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
200000
CY2019Q2 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
200000
us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
200000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.002
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.007
CY2017Q3 trtx Incentive Management Fee Percentage Of Core Earnings Less Seven Percent Of Stockholders Equity
IncentiveManagementFeePercentageOfCoreEarningsLessSevenPercentOfStockholdersEquity
0.20
CY2019Q2 trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
7371000
trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
10115000
trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
13879000
CY2019Q2 trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
6508000
trtx Related Parties Termination Fee Description
RelatedPartiesTerminationFeeDescription
A termination fee would be due 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
CY2020Q2 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
100000
CY2020Q2 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
100000
CY2019Q2 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
100000
CY2019Q2 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
100000
us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
400000
us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
400000
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40673000
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
31965000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-192120000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
60374000
CY2020Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
125000
CY2019Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
138000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
393000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
279000
CY2020Q2 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
443000
us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
443000
CY2020Q2 us-gaap Undistributed Earnings
UndistributedEarnings
40105000
CY2019Q2 us-gaap Undistributed Earnings
UndistributedEarnings
31827000
us-gaap Undistributed Earnings
UndistributedEarnings
-192956000
us-gaap Undistributed Earnings
UndistributedEarnings
60095000
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
76644038
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
73963337
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
76554680
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
71144696
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.52
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.43
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.53
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.85
trtx Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesVested
121018
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
15400
CY2020Q2 us-gaap Dividends
Dividends
32000000.0
CY2020Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
48700000
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
32800000
trtx Schedule Of Awarded Shares Vesting Period Table Text Bock
ScheduleOfAwardedSharesVestingPeriodTableTextBock
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Generally, the shares vest in installments over a <span style="-sec-ix-hidden:F_001639">four-year</span> period, pursuant to the terms of the award and the Incentive Plan.   The following table presents the number of shares associated with outstanding awards that will vest over the next four years. Shares presented for the current year, 2020, includes 121,018 shares which have vested during the period from January 1, 2020 to June 30, 2020.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;"> </p> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin:auto;border-collapse:collapse; width:100%;"> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:80.06%; border-bottom:solid 0.75pt #000000;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Vesting Year</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.06%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td colspan="2" style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:16.88%; border-bottom:solid 0.75pt #000000;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Shares of</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Common Stock</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:80.06%; border-top:solid 0.75pt #000000;" valign="top"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2020</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.06%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.88%; border-top:solid 0.75pt #000000;white-space:nowrap;" valign="bottom"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">229,521</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:80.06%;" valign="top"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2021</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.06%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.88%;white-space:nowrap;" valign="bottom"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">229,522</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:80.06%;" valign="top"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2022</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.06%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.88%;white-space:nowrap;" valign="bottom"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">102,389</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:80.06%; border-bottom:solid 0.75pt transparent;" valign="top"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2023</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.06%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.88%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="bottom"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">62,574</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:80.06%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.06%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.88%; border-top:solid 0.75pt #000000;white-space:nowrap;" valign="bottom"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">624,006</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> </table></div>
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2020Q2 trtx Unfunded Commitments Loans Held For Investment
UnfundedCommitmentsLoansHeldForInvestment
579900000
CY2019Q4 trtx Unfunded Commitments Loans Held For Investment
UnfundedCommitmentsLoansHeldForInvestment
630600000
CY2020Q2 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5635279000
CY2020Q2 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
579917000
CY2020Q2 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2020Q2 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
5055913000
CY2020Q2 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2019Q4 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5628765000
CY2019Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
630589000
CY2019Q4 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2019Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4998176000
CY2019Q4 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2020Q2 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
600000
CY2019Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
0.0
CY2020Q2 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5635279000
CY2020Q2 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
579917000
CY2020Q2 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
5055913000
CY2020Q2 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2019Q4 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5628765000
CY2019Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
630589000
CY2019Q4 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2019Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4998176000
CY2019Q4 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2020Q2 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
600000
CY2019Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
0.0
CY2020Q2 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5635279000
CY2020Q2 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
579917000
CY2020Q2 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2020Q2 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
5055913000
CY2020Q2 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2019Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
630589000
CY2019Q4 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2019Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4998176000
CY2019Q4 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2020Q2 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
600000
CY2019Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
0.0

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