$TRTX
TPG RE Finance Trust, Inc.

2021 Form 10-K Financial Statement

#000156459022006015 Filed on February 23, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $240.7M $62.03M $284.2M
YoY Change -15.3% -25.59% -16.8%
Cost Of Revenue $27.96M $7.170M $31.00M
YoY Change -9.8% -13.2% -9.62%
Gross Profit $212.8M $54.86M $253.2M
YoY Change -15.97% -26.95% -17.6%
Gross Profit Margin 88.38% 88.44% 89.09%
Selling, General & Admin $10.16M $2.430M $9.400M
YoY Change 8.03% 135.92% 67.86%
% of Gross Profit 4.77% 4.43% 3.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $10.16M $2.420M $9.300M
YoY Change 9.19% 149.48% 66.07%
Operating Profit $202.6M $52.44M $243.9M
YoY Change -16.93% -29.26% -19.16%
Interest Expense $85.09M -$21.47M $107.2M
YoY Change -20.65% -47.85% -38.67%
% of Operating Profit 42.0% -40.94% 43.97%
Other Income/Expense, Net $38.12M $40.34M
YoY Change -5.51% 1.27%
Pretax Income $139.6M $14.67M -$136.5M
YoY Change -202.27% -55.49% -207.59%
Income Tax $1.064M $80.00K $305.0K
% Of Pretax Income 0.76% 0.55%
Net Earnings $138.6M $14.59M -$136.8M
YoY Change -201.26% -55.67% -208.32%
Net Earnings / Revenue 57.56% 23.52% -48.14%
Basic Earnings Per Share $0.92 -$2.03
Diluted Earnings Per Share $0.87 $190.1K -$2.03
COMMON SHARES
Basic Shares Outstanding 76.98M 76.66M
Diluted Shares Outstanding 81.68M 76.66M

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $260.6M $319.7M $319.7M
YoY Change -18.48% 303.66% 303.66%
Cash & Equivalents $260.6M $319.7M $319.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $188.0K $1.400M $1.400M
Other Receivables $26.62M $27.40M $27.40M
Total Short-Term Assets $287.4M $348.5M $348.5M
YoY Change -17.52% 182.41% 182.41%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $404.0K $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Assets $4.931B $4.560B $4.560B
YoY Change 8.12% -20.96% -20.96%
TOTAL ASSETS
Total Short-Term Assets $287.4M $348.5M $348.5M
Total Long-Term Assets $4.931B $4.560B $4.560B
Total Assets $5.218B $4.909B $4.909B
YoY Change 6.3% -16.7% -16.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.609M $5.600M $5.600M
YoY Change 0.16% -41.05% -41.05%
Accrued Expenses $14.29M $17.10M $17.10M
YoY Change -16.46% 15.54% 15.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $44.05M $52.20M $52.20M
YoY Change -15.61% -97.8% -97.8%
LONG-TERM LIABILITIES
Long-Term Debt $3.708B $3.389B $3.389B
YoY Change 9.42% 68.0% 68.0%
Other Long-Term Liabilities $1.366M $1.400M $1.400M
YoY Change -2.43% 600.0% 600.0%
Total Long-Term Liabilities $3.709B $3.390B $3.390B
YoY Change 9.41% 68.05% 68.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.05M $52.20M $52.20M
Total Long-Term Liabilities $3.709B $3.390B $3.390B
Total Liabilities $3.753B $3.442B $3.442B
YoY Change 9.04% -21.57% -21.57%
SHAREHOLDERS EQUITY
Retained Earnings -$292.9M
YoY Change 941.9%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.465B $1.267B $1.467B
YoY Change
Total Liabilities & Shareholders Equity $5.218B $4.909B $4.909B
YoY Change 6.3% -16.7% -16.7%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income $138.6M $14.59M -$136.8M
YoY Change -201.26% -55.67% -208.32%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $132.2M $30.00M $132.1M
YoY Change 0.06% -11.24% 8.56%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$342.9M $326.8M $964.6M
YoY Change -135.55% -805.83% -173.71%
Cash From Investing Activities -$342.9M $326.8M $964.6M
YoY Change -135.55% -805.83% -173.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $12.90M
YoY Change -92.61%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 152.1M -262.6M -856.7M
YoY Change -117.75% 3401.33% -169.88%
NET CHANGE
Cash From Operating Activities 132.2M 30.00M 132.1M
Cash From Investing Activities -342.9M 326.8M 964.6M
Cash From Financing Activities 152.1M -262.6M -856.7M
Net Change In Cash -210.7M 94.20M 240.0M
YoY Change -187.8% -571.0% 516.24%
FREE CASH FLOW
Cash From Operating Activities $132.2M $30.00M $132.1M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
93000
CY2020 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-4036000
CY2019 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
519000
CY2021 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
39000
CY2020 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-3949000
CY2019 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
3524000
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-52000
CY2020 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1254000
CY2019 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-299000
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2502000
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3575000
CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
402000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
132167000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
132085000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
121665000
CY2021 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
1623585000
CY2020 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
351650000
CY2019 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
2341692000
CY2021 trtx Payments For Advances On Loans Held For Investment
PaymentsForAdvancesOnLoansHeldForInvestment
144645000
CY2020 trtx Payments For Advances On Loans Held For Investment
PaymentsForAdvancesOnLoansHeldForInvestment
233029000
CY2019 trtx Payments For Advances On Loans Held For Investment
PaymentsForAdvancesOnLoansHeldForInvestment
268356000
CY2021 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
1225294000
CY2020 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
819813000
CY2019 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
1961906000
CY2021 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
145670000
CY2020 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
131902000
CY2019 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
59759000
CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
168888000
CY2019 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
815037000
CY2021 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
54368000
CY2020 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
766437000
CY2019 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
94790000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-342898000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
964585000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1308630000
CY2021 us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
316272000
CY2019 us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
732103000
CY2021 us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
1037500000
CY2019 us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
1039627000
CY2020 trtx Proceeds From Mortgage Loan Payable
ProceedsFromMortgageLoanPayable
50000000
CY2021 trtx Payments On Mortgage Loan Payable
PaymentsOnMortgageLoanPayable
50000000
CY2021 trtx Payment For Proceeds From Financing Costs
PaymentForProceedsFromFinancingCosts
11098000
CY2020 trtx Payment For Proceeds From Financing Costs
PaymentForProceedsFromFinancingCosts
6368000
CY2019 trtx Payments For Retirement Of Common Stock
PaymentsForRetirementOfCommonStock
42000
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12895000
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
174549000
CY2021 trtx Payment Of Equity Issuance Shelf Registration And Equity Distribution Agreement Transaction Costs
PaymentOfEquityIssuanceShelfRegistrationAndEquityDistributionAgreementTransactionCosts
6866000
CY2020 trtx Payment Of Equity Issuance Shelf Registration And Equity Distribution Agreement Transaction Costs
PaymentOfEquityIssuanceShelfRegistrationAndEquityDistributionAgreementTransactionCosts
12365000
CY2019 trtx Payment Of Equity Issuance Shelf Registration And Equity Distribution Agreement Transaction Costs
PaymentOfEquityIssuanceShelfRegistrationAndEquityDistributionAgreementTransactionCosts
1246000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1225911000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
38946000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
79666000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
155282000
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
394000
CY2021 trtx Sales And Principal Repayments Of Loan Investments Held By Servicer Trustee Net
SalesAndPrincipalRepaymentsOfLoanInvestmentsHeldByServicerTrusteeNet
204000
CY2021 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:2.36%;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), 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, and the presentation of stock compensation expense on the consolidated statements of income (loss) and comprehensive income (loss) was separated. Additionally, the reclassifications include the disaggregation of proceeds and payments from secured credit agreements secured by loans and secured credit agreements secured by CRE debt securities on the consolidated statements of cash flows.</span></p>
CY2021 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;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">Use of Estimates</span></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:2.89%;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;">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’s estimates, and such differences could be material. Significant estimates made in the 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.</span></p>
CY2021 trtx Percentage Of Senior Mortgage Loan Transferred To Third Party
PercentageOfSeniorMortgageLoanTransferredToThirdParty
1
CY2021Q4 trtx Maximum Insured Amount Of Each Cash Account
MaximumInsuredAmountOfEachCashAccount
250000
CY2020Q4 trtx Maximum Insured Amount Of Each Cash Account
MaximumInsuredAmountOfEachCashAccount
250000
CY2021Q4 us-gaap Cash
Cash
15000000.0
CY2020Q4 us-gaap Cash
Cash
19100000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
260600000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
400000
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
0
CY2021 us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
1400000000
CY2020Q4 trtx Loan Commitment Non Consolidated Senior Interest Outstanding
LoanCommitmentNonConsolidatedSeniorInterestOutstanding
132000000.0
CY2021 us-gaap Paid In Kind Interest
PaidInKindInterest
3000000.0
CY2021Q4 trtx Percentage Of Loans Subject To Yield Maintenance Or Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceOrOtherPrepaymentRestrictions
0.350
CY2021Q4 trtx Percentage Of Loans Open To Repayment By Borrower Without Penalty
PercentageOfLoansOpenToRepaymentByBorrowerWithoutPenalty
0.650
CY2021Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
4919343000
CY2021Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-10141000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
4909202000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
41999000
CY2021Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
4867203000
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
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
59940000
CY2020Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
4456460000
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4456460000
CY2019Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4980389000
CY2020 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
430050000
CY2021 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
146032000
CY2020 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
237856000
CY2021 trtx Mortgage Loans On Real Estate Amortization Of Origination Fees
MortgageLoansOnRealEstateAmortizationOfOriginationFees
7203000
CY2020 trtx Mortgage Loans On Real Estate Amortization Of Origination Fees
MortgageLoansOnRealEstateAmortizationOfOriginationFees
11345000
CY2021 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1236032000
CY2020 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
885565000
CY2021 trtx Mortgage Loans On Real Estate Loan Sale
MortgageLoansOnRealEstateLoanSale
-147986000
CY2020 trtx Mortgage Loans On Real Estate Loan Sale
MortgageLoansOnRealEstateLoanSale
-145675000
CY2020 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
112000000
CY2021 trtx Mortgage Loans On Real Estate Change In Allowance For Credit Losses
MortgageLoansOnRealEstateChangeInAllowanceForCreditLosses
17941000
CY2020 trtx Mortgage Loans On Real Estate Change In Allowance For Credit Losses
MortgageLoansOnRealEstateChangeInAllowanceForCreditLosses
-59940000
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4867203000
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4456460000
CY2020Q4 us-gaap Area Of Land
AreaOfLand
27
CY2021Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
-10100000
CY2020Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
-8300000
CY2021Q4 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
0
CY2020Q4 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
0
CY2021Q4 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
1634280000
CY2021Q4 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
173871000
CY2021Q4 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
1672184000
CY2021Q4 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
856873000
CY2021Q4 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
554831000
CY2021Q4 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
17163000
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4909202000
CY2020Q4 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
247770000
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
CY2020Q4 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
25049000
CY2020Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4516400000
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4909202000
CY2020Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4516400000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
41999000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
59940000
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
4867203000
CY2020Q4 us-gaap Notes Receivable Net
NotesReceivableNet
4456460000
CY2021Q4 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
3.0
CY2020Q4 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
3.1
CY2021Q4 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
3.0
CY2020Q4 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
3.1
CY2021Q4 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
FinancingReceivableAllowanceForCreditLossesLoansHeldForInvestmentAndUnfundedLoanCommitment
46209000
CY2020Q4 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
FinancingReceivableAllowanceForCreditLossesLoansHeldForInvestmentAndUnfundedLoanCommitment
62828000
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-16600000
CY2021 trtx Financing Receivable Allowance For Credit Loss Increase Decrease Loan Repayments
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseLoanRepayments
-24100000
CY2021 trtx Financing Receivable Allowance For Credit Loss Increase Decrease Positive Macroeconomic Data
FinancingReceivableAllowanceForCreditLossIncreaseDecreasePositiveMacroeconomicData
-5900000
CY2021 trtx Financing Receivable Allowance For Credit Loss Increase Decrease Increased Loan Origination
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIncreasedLoanOrigination
13400000
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
43200000
CY2020 trtx Financing Receivable Allowance For Credit Losses Including Realized Gain Loss
FinancingReceivableAllowanceForCreditLossesIncludingRealizedGainLoss
12800000
CY2020 trtx Financing Receivable Allowance For Credit Losses On Sale Of Loan
FinancingReceivableAllowanceForCreditLossesOnSaleOfLoan
13800000
CY2020Q4 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
FinancingReceivableAllowanceForCreditLossesLoansHeldForInvestmentAndUnfundedLoanCommitment
62800000
CY2021 trtx Number Of Loan Modification
NumberOfLoanModification
14
CY2021Q4 trtx Unpaid Principal Balance Of Loans Modifications Outstanding
UnpaidPrincipalBalanceOfLoansModificationsOutstanding
1400000000
CY2021Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
0
CY2020 trtx Number Of Loan Modification
NumberOfLoanModification
17
CY2020 trtx Number Of Loan Modification Expiration
NumberOfLoanModificationExpiration
11
CY2020Q4 trtx Number Of Loan Modification Renewed On Tailored Terms
NumberOfLoanModificationRenewedOnTailoredTerms
1
CY2020Q4 trtx Unpaid Principal Balance Of Loans Repaid
UnpaidPrincipalBalanceOfLoansRepaid
1000000000.0
CY2020Q4 trtx Unpaid Principal Balance Of Loans Outstanding
UnpaidPrincipalBalanceOfLoansOutstanding
548400000
CY2020Q4 us-gaap Paid In Kind Interest
PaidInKindInterest
800000
CY2020 us-gaap Paid In Kind Interest
PaidInKindInterest
4700000
CY2020Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
0
CY2020Q4 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
4701000
CY2021Q1 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
816000
CY2021Q1 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
5517000
CY2021Q4 trtx Debt Instrument Counterparty Amount At Risk
DebtInstrumentCounterpartyAmountAtRisk
552165000
CY2020Q4 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
939000
CY2020Q4 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
4701000
CY2021Q2 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
360000
CY2020Q2 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
550000
CY2021Q2 trtx Repayments Of Accrued Paid In Kind Interest
RepaymentsOfAccruedPaidInKindInterest
-1034000
CY2021Q2 trtx Write Off Of Accrued Paid In Kind Interest
WriteOffOfAccruedPaidInKindInterest
-690000
CY2021Q2 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
4153000
CY2020Q2 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
550000
CY2021Q3 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
209000
CY2020Q3 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
3339000
CY2021Q3 trtx Repayments Of Accrued Paid In Kind Interest
RepaymentsOfAccruedPaidInKindInterest
-871000
CY2021Q3 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
3491000
CY2020Q3 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
3889000
CY2021Q4 trtx Repayments Of Accrued Paid In Kind Interest
RepaymentsOfAccruedPaidInKindInterest
-120000
CY2020Q4 trtx Repayments Of Accrued Paid In Kind Interest
RepaymentsOfAccruedPaidInKindInterest
-127000
CY2021Q4 trtx Write Off Of Accrued Paid In Kind Interest
WriteOffOfAccruedPaidInKindInterest
-343000
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4909202000
CY2020Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4516400000
CY2021 trtx Borrowing Agreement Maturity
BorrowingAgreementMaturity
P30D
CY2021Q4 trtx Unpaid Margin Calls
UnpaidMarginCalls
0
CY2021Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
3072901000
CY2021Q4 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
1719735000
CY2021Q4 trtx Debt Instrument Amortized Cost Of Collateral
DebtInstrumentAmortizedCostOfCollateral
1719489000
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1167323000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
244619000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
652465000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
629259000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1815265000
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
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
380591000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
3722199000
CY2021Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
199300000
CY2020Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
311200000
CY2021 trtx Threshold Period Of Delinquency To Consider Loan Nonperforming And Place On Nonaccrual Status
ThresholdPeriodOfDelinquencyToConsiderLoanNonperformingAndPlaceOnNonaccrualStatus
P90D
CY2021Q4 trtx Loans Held For Investment Fair Value Disclosure Nonrecurring
LoansHeldForInvestmentFairValueDisclosureNonrecurring
4900000000
CY2020Q4 trtx Loans Held For Investment Fair Value Disclosure Nonrecurring
LoansHeldForInvestmentFairValueDisclosureNonrecurring
4500000000
CY2021Q4 trtx Loans Held For Investment Weighted Average Gross Credit Spread
LoansHeldForInvestmentWeightedAverageGrossCreditSpread
0.0339
CY2020Q4 trtx Loans Held For Investment Weighted Average Gross Credit Spread
LoansHeldForInvestmentWeightedAverageGrossCreditSpread
0.0318
CY2020 trtx Loans Held For Investment Weighted Average Maturity Period
LoansHeldForInvestmentWeightedAverageMaturityPeriod
P3Y1M6D
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.005
CY2017Q3 trtx Incentive Management Fee Percentage Of Core Earnings Less Seven Percent Of Stockholders Equity
IncentiveManagementFeePercentageOfCoreEarningsLessSevenPercentOfStockholdersEquity
0.20
CY2021 trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
21519000
CY2020 trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
20767000
CY2019 trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
28717000
CY2021 trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
21269000
CY2020 trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
22660000
CY2019 trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
27565000
CY2021 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
CY2020 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
800000
CY2020Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
4700000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
138550000
CY2019 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
700000
CY2019 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
700000
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.73
CY2021 trtx Dividends Preferred Stock Paid And Accrued
DividendsPreferredStockPaidAndAccrued
19194000
CY2020 trtx Dividends Preferred Stock Paid And Accrued
DividendsPreferredStockPaidAndAccrued
14685000
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
717000
CY2021Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
18700
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76977743
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76656756
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72743171
CY2021 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
4706645
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81684388
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76656756
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72743171
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.03
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.73
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.87
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.03
CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
832000
CY2019 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
676000
CY2021 trtx Preferred Stock Redemption Make Whole Payment
PreferredStockRedemptionMakeWholePayment
22485000
CY2021 trtx Write Off Of Unamortized Discount Including Unamortized Amounts Related To Allocated Warrant Fair Value And Transaction Costs
WriteOffOfUnamortizedDiscountIncludingUnamortizedAmountsRelatedToAllocatedWarrantFairValueAndTransactionCosts
25449000
CY2020 trtx Write Off Of Unamortized Discount Including Unamortized Amounts Related To Allocated Warrant Fair Value And Transaction Costs
WriteOffOfUnamortizedDiscountIncludingUnamortizedAmountsRelatedToAllocatedWarrantFairValueAndTransactionCosts
3189000
CY2021 us-gaap Undistributed Earnings
UndistributedEarnings
70705000
CY2020 us-gaap Undistributed Earnings
UndistributedEarnings
-155532000
CY2019 us-gaap Undistributed Earnings
UndistributedEarnings
125622000
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
24200000
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
29500000
CY2021 trtx Schedule Of Awarded Shares Vesting Period Table Text Bock
ScheduleOfAwardedSharesVestingPeriodTableTextBock
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:3.4%;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_001710">four-year</span> period, pursuant to the terms of the award and the Incentive Plan. The following table <span style="Background-color:#FFFFFF;color:#000000;">presents the number of shares associated with outstanding awards that will vest over the next</span> four years:</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:60.86%; 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;">Share Grant Vesting Year</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.18%; 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:35.92%; 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 Common</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;">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:60.86%; border-top:solid 0.75pt #000000;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9pt;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:2.18%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9pt;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:9pt;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:34.92%; 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:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">283,363</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:9pt;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:60.86%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9pt;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;padding-Bottom:0pt;width:2.18%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9pt;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:9pt;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:34.92%;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:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">248,537</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:9pt;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:60.86%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2024</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.18%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9pt;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:9pt;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:34.92%;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:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">194,951</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:9pt;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:60.86%; border-bottom:solid 0.75pt transparent;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2025</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.18%; 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:9pt;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:9pt;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:34.92%; 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:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">109,078</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:9pt;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:60.86%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9pt;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:2.18%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9pt;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:9pt;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:34.92%; 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:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">835,929</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:1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> </table></div>
CY2021 trtx Dividends Common Stock Paidinkind Shares
DividendsCommonStockPaidinkindShares
7083
CY2020 trtx Dividends Common Stock Paidinkind Shares
DividendsCommonStockPaidinkindShares
420
CY2021Q4 trtx Unfunded Commitments Loans Held For Investment
UnfundedCommitmentsLoansHeldForInvestment
487800000
CY2020Q4 trtx Unfunded Commitments Loans Held For Investment
UnfundedCommitmentsLoansHeldForInvestment
423500000
CY2021Q4 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5411944000
CY2021Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
487773000
CY2021Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4919343000
CY2021Q4 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
CY2021Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
3000000.0
CY2018Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4293787000
CY2021Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
487773000
CY2021Q4 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2021Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4919343000
CY2021Q4 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 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
CY2021Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
3000000.0
CY2020Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
4700000
CY2021Q4 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5411944000
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
CY2021Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
3000000.0
CY2020Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
4700000
CY2021Q4 srt Mortgage Loans On Real Estate Prior Liens1
MortgageLoansOnRealEstatePriorLiens1
132000000
CY2021Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
4919343000
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4867203000
CY2021Q4 srt Mortgage Loans On Real Estate Federal Income Tax Basis1
MortgageLoansOnRealEstateFederalIncomeTaxBasis1
4400000000
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4456460000
CY2019Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4980389000
CY2021 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
1623585000
CY2020 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
430050000
CY2019 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
2341692000
CY2021 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
146032000
CY2020 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
237856000
CY2019 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
268356000
CY2021 trtx Mortgage Loans On Real Estate Amortization Of Discount And Origination Fees
MortgageLoansOnRealEstateAmortizationOfDiscountAndOriginationFees
7203000
CY2020 trtx Mortgage Loans On Real Estate Amortization Of Discount And Origination Fees
MortgageLoansOnRealEstateAmortizationOfDiscountAndOriginationFees
11345000
CY2019 trtx Mortgage Loans On Real Estate Amortization Of Discount And Origination Fees
MortgageLoansOnRealEstateAmortizationOfDiscountAndOriginationFees
16345000
CY2021 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1236032000
CY2020 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
885565000
CY2019 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1880222000
CY2021 trtx Mortgage Loans On Real Estate Loan Sales
MortgageLoansOnRealEstateLoanSales
147986000
CY2020 trtx Mortgage Loans On Real Estate Loan Sales
MortgageLoansOnRealEstateLoanSales
145675000
CY2019 trtx Mortgage Loans On Real Estate Loan Sales
MortgageLoansOnRealEstateLoanSales
59569000
CY2020 trtx Mortgage Loans On Real Estate Loan Extinguishment On Conversion To Reo
MortgageLoansOnRealEstateLoanExtinguishmentOnConversionToREO
112000000
CY2021 trtx Mortgage Loans On Real Estate Allowance For Credit Losses
MortgageLoansOnRealEstateAllowanceForCreditLosses
17941000
CY2020 trtx Mortgage Loans On Real Estate Allowance For Credit Losses
MortgageLoansOnRealEstateAllowanceForCreditLosses
-59940000
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4867203000
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4456460000
CY2019Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4980389000

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