$TRTX
TPG RE Finance Trust, Inc.

2021 Q3 Form 10-Q Financial Statement

#000156459021053562 Filed on November 02, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3 2020 Q2
Revenue $60.08M $69.94M $70.17M
YoY Change -14.1% -24.41% -20.86%
Cost Of Revenue $6.979M $7.300M $9.410M
YoY Change -4.4% -26.93% 12.02%
Gross Profit $53.10M $62.63M $60.76M
YoY Change -15.21% -24.12% -24.31%
Gross Profit Margin 88.38% 89.55% 86.59%
Selling, General & Admin $2.423M $2.010M $2.550M
YoY Change 20.55% 31.37% 52.69%
% of Gross Profit 4.56% 3.21% 4.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.423M $2.010M $2.540M
YoY Change 20.55% 31.37% 52.1%
Operating Profit $50.68M $60.62M $58.22M
YoY Change -16.4% -25.17% -25.93%
Interest Expense -$20.98M $21.45M $25.87M
YoY Change -197.8% -55.19% -44.29%
% of Operating Profit -41.4% 35.38% 44.43%
Other Income/Expense, Net $9.402M $9.310M $11.96M
YoY Change 0.99% -19.16%
Pretax Income $29.56M $38.52M $42.99M
YoY Change -23.26% 16.27% 33.63%
Income Tax $236.0K $74.00K $61.00K
% Of Pretax Income 0.8% 0.19% 0.14%
Net Earnings $29.33M $38.45M $42.93M
YoY Change -23.73% 16.42% 34.28%
Net Earnings / Revenue 48.81% 54.97% 61.18%
Basic Earnings Per Share $0.34 $0.40 $0.52
Diluted Earnings Per Share $0.32 $0.39 $0.52
COMMON SHARES
Basic Shares Outstanding 77.06M 76.76M 76.64M
Diluted Shares Outstanding 82.03M 78.25M 76.64M

Balance Sheet

Concept 2021 Q3 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $269.3M $225.6M $196.2M
YoY Change 19.35% 127.19% 180.29%
Cash & Equivalents $269.9M $225.6M $196.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $8.656M $24.10M $80.30M
Other Receivables $28.65M $30.30M $29.90M
Total Short-Term Assets $306.6M $280.0M $306.4M
YoY Change 9.49% 32.14% -2.54%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $667.0K $200.0K
YoY Change -60.0%
Total Long-Term Assets $4.894B $4.873B $4.990B
YoY Change 0.45% -13.77% -9.44%
TOTAL ASSETS
Total Short-Term Assets $306.6M $280.0M $306.4M
Total Long-Term Assets $4.894B $4.873B $4.990B
Total Assets $5.201B $5.153B $5.296B
YoY Change 0.94% -12.12% -9.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.473M $8.000M $11.00M
YoY Change -31.59% 2.56% 44.74%
Accrued Expenses $15.68M $16.90M $22.10M
YoY Change -7.22% -4.52% 40.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $1.719B
YoY Change -100.0% 47.67%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $39.75M $40.30M $1.801B
YoY Change -1.37% -95.35% 47.68%
LONG-TERM LIABILITIES
Long-Term Debt $3.715B $3.626B $2.028B
YoY Change 2.45% 2.72% -35.43%
Other Long-Term Liabilities $934.0K $200.0K $100.0K
YoY Change 367.0% -33.33% -75.0%
Total Long-Term Liabilities $3.716B $3.626B $2.028B
YoY Change 2.47% 2.71% -35.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.75M $40.30M $1.801B
Total Long-Term Liabilities $3.716B $3.626B $2.028B
Total Liabilities $3.755B $3.667B $3.828B
YoY Change 2.42% -16.6% -12.19%
SHAREHOLDERS EQUITY
Retained Earnings -$271.8M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.445B $1.288B $1.271B
YoY Change
Total Liabilities & Shareholders Equity $5.201B $5.153B $5.296B
YoY Change 0.94% -12.12% -9.07%

Cashflow Statement

Concept 2021 Q3 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $29.33M $38.45M $42.93M
YoY Change -23.73% 16.42% 34.28%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $35.96M $31.40M $33.20M
YoY Change 14.53% -10.03% 22.96%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $31.04M $176.6M $644.3M
YoY Change -82.43% 2893.22% -195.02%
Cash From Investing Activities $31.04M $176.6M $644.3M
YoY Change -82.43% 2893.22% -195.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -37.64M -179.0M -585.6M
YoY Change -78.97% 1443.1% -187.94%
NET CHANGE
Cash From Operating Activities 35.96M 31.40M 33.20M
Cash From Investing Activities 31.04M 176.6M 644.3M
Cash From Financing Activities -37.64M -179.0M -585.6M
Net Change In Cash 29.36M 29.00M 91.90M
YoY Change 1.24% -0.68% 520.95%
FREE CASH FLOW
Cash From Operating Activities $35.96M $31.40M $33.20M
Capital Expenditures
Free Cash Flow
YoY Change

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15332000
trtx Principal Repayments Of Loans Held For Investment Held By Servicer Trustee Net
PrincipalRepaymentsOfLoansHeldForInvestmentHeldByServicerTrusteeNet
23478000
trtx Accrued Stock Issuance Costs
AccruedStockIssuanceCosts
42000
trtx Accrued Stock Issuance Costs
AccruedStockIssuanceCosts
3047000
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
593000
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
567000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1051000
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-top:6pt;margin-bottom:0pt;text-indent:2.78%;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 (loss) or total assets in the consolidated statements of income (loss) and comprehensive income (loss) and consolidated balance sheets, respectively. Prior period amounts related to preferred stock dividends and participating securities’ share in earnings (loss) were reclassified to conform with the current period presentation of net (loss) income attributable to common stockholders in the consolidated statements of income (loss) and comprehensive income (loss). Additionally, amounts related to collateralized loan obligation proceeds held at trustee were reclassified from accounts receivable from servicer/trustee in prior period consolidated balance sheets to conform with the current period presentation. </span></p>
CY2020Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
4456460000
CY2021Q3 trtx Maximum Insured Amount Of Each Cash Account
MaximumInsuredAmountOfEachCashAccount
250000
CY2021Q3 us-gaap Cash
Cash
15000000.0
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:3.4%;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 our allowance 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 reduced availability of observable pricing inputs due to market dislocation resulting from the coronavirus pandemic (“COVID-19”). 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>
trtx Percentage Of Senior Mortgage Loan Transferred To Third Party
PercentageOfSeniorMortgageLoanTransferredToThirdParty
1
CY2020Q4 trtx Loan Commitment Non Consolidated Senior Interest Outstanding
LoanCommitmentNonConsolidatedSeniorInterestOutstanding
132000000.0
CY2020 us-gaap Paid In Kind Interest
PaidInKindInterest
4700000
CY2021Q3 trtx Percentage Of Loans Subject To Yield Maintenance Or Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceOrOtherPrepaymentRestrictions
0.257
CY2020Q4 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
25049000
CY2020Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4516400000
CY2021Q3 trtx Percentage Of Loans Open To Repayment By Borrower Without Penalty
PercentageOfLoansOpenToRepaymentByBorrowerWithoutPenalty
0.743
CY2021Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
4749289000
CY2021Q3 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
4757397000
CY2021Q3 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-8108000
CY2021Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
4749289000
CY2021Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
50051000
CY2021Q3 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
1065678000
CY2021Q3 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
255642000
CY2021Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
4699238000
CY2020Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
4524725000
CY2020Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-8325000
CY2020Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
4516400000
CY2021Q3 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
1789490000
CY2021Q3 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
1061789000
CY2021Q3 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
553681000
CY2021Q3 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
23009000
CY2021Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
4749289000
CY2020Q4 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
247770000
us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
111583000
trtx Mortgage Loans On Real Estate Loans Held For Sale
MortgageLoansOnRealEstateLoansHeldForSale
-86636000
trtx Mortgage Loans On Real Estate Loan Sale
MortgageLoansOnRealEstateLoanSale
-60690000
trtx Mortgage Loans On Real Estate Change In Allowance For Credit Losses
MortgageLoansOnRealEstateChangeInAllowanceForCreditLosses
9889000
CY2021Q3 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4699238000
trtx Contractual Sales Price For First Mortgage Loan
ContractualSalesPriceForFirstMortgageLoan
87100000
trtx Mortgage Loan Transferred To Loans Held For Sale
MortgageLoanTransferredToLoansHeldForSale
86600000
trtx Risk Rating Of Hotel Loan
RiskRatingOfHotelLoan
4
CY2021Q3 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-8100000
CY2020Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
-8300000
CY2021Q3 trtx Accelerated Fee Component Of Prepayment Fees
AcceleratedFeeComponentOfPrepaymentFees
0
CY2020Q3 trtx Accelerated Fee Component Of Prepayment Fees
AcceleratedFeeComponentOfPrepaymentFees
0
trtx Accelerated Fee Component Of Prepayment Fees Recognized
AcceleratedFeeComponentOfPrepaymentFeesRecognized
0
trtx Accelerated Fee Component Of Prepayment Fees Recognized
AcceleratedFeeComponentOfPrepaymentFeesRecognized
300000
CY2020Q4 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
2171469000
CY2020Q4 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
1515229000
CY2020Q4 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
556883000
CY2021Q3 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
FinancingReceivableAllowanceForCreditLossesLoansHeldForInvestmentAndUnfundedLoanCommitment
54968000
CY2020Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4516400000
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
50051000
CY2021Q3 us-gaap Notes Receivable Net
NotesReceivableNet
4699238000
CY2020Q4 us-gaap Notes Receivable Net
NotesReceivableNet
4456460000
CY2021Q3 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
3.1
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
59940000
CY2020Q4 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
3.1
CY2020Q3 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
FinancingReceivableAllowanceForCreditLossesLoansHeldForInvestmentAndUnfundedLoanCommitment
59329000
CY2021Q2 trtx Percentage Of Interest Collections
PercentageOfInterestCollections
0.993
CY2021Q3 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
FinancingReceivableAllowanceForCreditLossesLoansHeldForInvestmentAndUnfundedLoanCommitment
54968000
CY2020Q4 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
3.1
CY2021Q3 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
3.1
CY2020Q3 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
FinancingReceivableAllowanceForCreditLossesLoansHeldForInvestmentAndUnfundedLoanCommitment
59329000
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-300000
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-7900000
CY2021Q3 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
FinancingReceivableAllowanceForCreditLossesLoansHeldForInvestmentAndUnfundedLoanCommitment
55000000.0
trtx Estimate Of Expected Credit Losses Impacted Sales
EstimateOfExpectedCreditLossesImpactedSales
60700000
trtx Estimate Of Expected Credit Losses Impacted Repayments
EstimateOfExpectedCreditLossesImpactedRepayments
799700000
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
59300000
CY2021Q3 trtx Number Of Loan Modification
NumberOfLoanModification
5
CY2021Q3 trtx Number Of Borrowers
NumberOfBorrowers
4
trtx Number Of Loan Modification
NumberOfLoanModification
12
CY2021Q3 trtx Unpaid Principal Balance Of Loans Modifications Outstanding
UnpaidPrincipalBalanceOfLoansModificationsOutstanding
1300000000
CY2021Q3 trtx Number Of Loans Held For Sale
NumberOfLoansHeldForSale
1
CY2020Q4 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
4701000
CY2021Q1 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
5517000
CY2021Q2 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
360000
CY2021Q2 trtx Paid In Kind Interest Repayment
PaidInKindInterestRepayment
1034000
CY2021Q2 trtx Paid In Kind Interest Write Off
PaidInKindInterestWriteOff
690000
CY2021Q2 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
4153000
CY2021Q3 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
209000
CY2021Q3 trtx Paid In Kind Interest Repayment
PaidInKindInterestRepayment
871000
CY2021Q3 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
200000
trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
1400000
CY2021Q3 trtx Percentage Of Interest Collections
PercentageOfInterestCollections
0.994
CY2021Q1 trtx Percentage Of Interest Collections
PercentageOfInterestCollections
0.994
trtx Preferred Stock Redemption Make Whole Payment
PreferredStockRedemptionMakeWholePayment
22485000
CY2020Q2 trtx Percentage Of Interest Collections
PercentageOfInterestCollections
1.000
CY2021Q1 trtx Percentage Of Paid In Kind Interest
PercentageOfPaidInKindInterest
0.012
trtx Percentage Of Interest Collections
PercentageOfInterestCollections
0.994
trtx Percentage Of Interest Collections
PercentageOfInterestCollections
1.000
CY2021Q3 trtx Percentage Of Paid In Kind Interest
PercentageOfPaidInKindInterest
0.007
CY2021Q2 trtx Percentage Of Paid In Kind Interest
PercentageOfPaidInKindInterest
0.011
CY2020Q2 trtx Percentage Of Paid In Kind Interest
PercentageOfPaidInKindInterest
0.029
trtx Percentage Of Paid In Kind Interest
PercentageOfPaidInKindInterest
0.010
trtx Percentage Of Paid In Kind Interest
PercentageOfPaidInKindInterest
0.012
CY2021Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
4749289000
CY2021Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
3144276000
CY2021Q3 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
1357729000
CY2021Q3 trtx Debt Instrument Amortized Cost Of Collateral
DebtInstrumentAmortizedCostOfCollateral
1357849000
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
920805000
CY2021Q3 trtx Debt Instrument Counterparty Amount At Risk
DebtInstrumentCounterpartyAmountAtRisk
437044000
CY2020Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
3239506000
CY2020Q4 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
2262311000
CY2020Q4 trtx Debt Instrument Amortized Cost Of Collateral
DebtInstrumentAmortizedCostOfCollateral
2261912000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1524175000
CY2020Q4 trtx Debt Instrument Counterparty Amount At Risk
DebtInstrumentCounterpartyAmountAtRisk
737737000
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
56985000
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
339872000
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
943004000
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1468632000
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
278457000
CY2021Q3 trtx Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
645474000
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
3732424000
CY2021Q3 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
217100000
trtx Threshold Period Of Delinquency To Consider Loan Nonperforming And Place On Nonaccrual Status
ThresholdPeriodOfDelinquencyToConsiderLoanNonperformingAndPlaceOnNonaccrualStatus
P90D
CY2021Q3 trtx Number Of Loans Held For Sale
NumberOfLoansHeldForSale
1
CY2021Q3 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
100000
CY2021Q3 trtx Loans Held For Investment Fair Value Disclosure Nonrecurring
LoansHeldForInvestmentFairValueDisclosureNonrecurring
4700000000
CY2020Q3 trtx Write Off Of Unamortized Discount Including Unamortized Amounts Related To Allocated Warrant Fair Value And Transaction Costs
WriteOffOfUnamortizedDiscountIncludingUnamortizedAmountsRelatedToAllocatedWarrantFairValueAndTransactionCosts
1347000
CY2021Q3 trtx Loans Held For Investment Weighted Average Gross Credit Spread
LoansHeldForInvestmentWeightedAverageGrossCreditSpread
0.0329
trtx Fair Value Of Assets And Liabilities Transfers Amount
FairValueOfAssetsAndLiabilitiesTransfersAmount
0
CY2021Q3 trtx Excise Tax Percentage
ExciseTaxPercentage
1
CY2021Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2021Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0
CY2021Q3 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
CY2021Q3 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
200000
CY2017Q3 trtx Incentive Management Fee Percentage Of Core Earnings Less Seven Percent Of Stockholders Equity
IncentiveManagementFeePercentageOfCoreEarningsLessSevenPercentOfStockholdersEquity
0.20
CY2021Q3 trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
5473000
CY2020Q3 trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
5293000
trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
15910000
trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
15408000
CY2021Q3 trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
5344000
CY2020Q3 trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
5115000
trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
15796000
trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
12367000
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
CY2021Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
100000
CY2020Q3 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
100000
CY2020Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
100000
us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
400000
us-gaap Net Income Loss
NetIncomeLoss
93672000
us-gaap Net Income Loss
NetIncomeLoss
-151415000
CY2020Q3 trtx Dividends Preferred Stock Paid And Accrued
DividendsPreferredStockPaidAndAccrued
6217000
trtx Dividends Preferred Stock Paid And Accrued
DividendsPreferredStockPaidAndAccrued
16081000
trtx Dividends Preferred Stock Paid And Accrued
DividendsPreferredStockPaidAndAccrued
8474000
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
122000
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
101000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
416000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
494000
trtx Write Off Of Unamortized Discount Including Unamortized Amounts Related To Allocated Warrant Fair Value And Transaction Costs
WriteOffOfUnamortizedDiscountIncludingUnamortizedAmountsRelatedToAllocatedWarrantFairValueAndTransactionCosts
25449000
trtx Write Off Of Unamortized Discount Including Unamortized Amounts Related To Allocated Warrant Fair Value And Transaction Costs
WriteOffOfUnamortizedDiscountIncludingUnamortizedAmountsRelatedToAllocatedWarrantFairValueAndTransactionCosts
1790000
CY2021Q3 us-gaap Undistributed Earnings
UndistributedEarnings
26046000
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
18600000
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
15400000
CY2020Q3 us-gaap Undistributed Earnings
UndistributedEarnings
30782000
us-gaap Undistributed Earnings
UndistributedEarnings
29241000
us-gaap Undistributed Earnings
UndistributedEarnings
-162173000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77060225
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76756411
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76952306
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76622415
CY2021Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
4968750
CY2020Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1498250
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
4622951
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82028975
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78254661
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81575257
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76622415
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.13
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.13
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_001707">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. For the three months ended September 30, 2021, the Company issued 1,783 shares and retired 42,942 shares pursuant to the terms of the Incentive Plan. Shares presented for the current year, 2021, includes 309,841 shares which have vested during the period from January 1, 2021 to September 30, 2021.</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;">2021</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;">418,345</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;">2022</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;">183,030</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;">2023</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;">145,873</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;">2024</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;">89,548</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="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;">Total</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;">836,796</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
trtx Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesVested
309841
CY2021Q3 trtx Unfunded Commitments Loans Held For Investment
UnfundedCommitmentsLoansHeldForInvestment
486700000
CY2020Q4 trtx Unfunded Commitments Loans Held For Investment
UnfundedCommitmentsLoansHeldForInvestment
423500000
CY2021Q3 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5240569000
CY2021Q3 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
486663000
CY2021Q3 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2021Q3 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4757397000
CY2021Q3 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2020Q4 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
4943511000
CY2020Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
423487000
CY2020Q4 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2020Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4524725000
CY2020Q4 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2021Q3 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
3500000
CY2021Q3 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5240569000
CY2021Q3 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
486663000
CY2021Q3 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2020Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
423487000
CY2021Q3 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2021Q3 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4757397000
CY2020Q4 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2020Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4524725000
CY2020Q4 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2021Q3 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
3500000
CY2020Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
4700000
CY2021Q3 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5240569000
CY2021Q3 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
486663000
CY2021Q3 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4757397000
CY2021Q3 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2020Q4 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
4943511000
CY2020Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
423487000
CY2020Q4 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2020Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4524725000
CY2020Q4 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2021Q3 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
3500000
CY2020Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
4700000
CY2021Q3 trtx Risk Rating
RiskRating
4

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