2022 Q4 Form 10-Q Financial Statement

#000163047222000018 Filed on November 01, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $101.2M $76.86M $60.08M
YoY Change 67.71% 27.93% -14.1%
Cost Of Revenue $7.843M $7.474M $6.979M
YoY Change 3.81% 7.09% -4.4%
Gross Profit $93.32M $69.39M $53.10M
YoY Change 76.85% 30.66% -15.21%
Gross Profit Margin 92.25% 90.28% 88.38%
Selling, General & Admin $2.610M $2.129M $2.423M
YoY Change -5.81% -12.13% 20.55%
% of Gross Profit 2.8% 3.07% 4.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.610M $2.129M $2.423M
YoY Change -5.81% -12.13% 20.55%
Operating Profit $90.71M $67.26M $50.68M
YoY Change 81.43% 32.71% -16.4%
Interest Expense -$65.17M $45.07M -$20.98M
YoY Change 198.91% -314.84% -197.8%
% of Operating Profit -71.85% 67.02% -41.4%
Other Income/Expense, Net $9.603M $9.402M
YoY Change 2.14% 0.99%
Pretax Income $36.40M -$114.5M $29.56M
YoY Change -18.29% -487.27% -23.26%
Income Tax $202.0K $125.0K $236.0K
% Of Pretax Income 0.56% 0.8%
Net Earnings $32.64M -$114.6M $29.33M
YoY Change -27.27% -490.82% -23.73%
Net Earnings / Revenue 32.27% -149.11% 48.81%
Basic Earnings Per Share -$1.52 $0.34
Diluted Earnings Per Share $0.42 -$1.52 $0.32
COMMON SHARES
Basic Shares Outstanding 77.41M shares 77.40M shares 77.06M
Diluted Shares Outstanding 77.40M shares 82.03M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $254.1M $236.1M $269.3M
YoY Change -2.53% -12.32% 19.35%
Cash & Equivalents $254.1M $236.1M $269.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $164.3M $12.79M $8.656M
Other Receivables $41.74M $35.41M $28.65M
Total Short-Term Assets $460.1M $284.3M $306.6M
YoY Change 60.07% -7.27% 9.49%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $265.0K $484.0K $667.0K
YoY Change -34.41% -27.44%
Total Long-Term Assets $5.085B $5.379B $4.894B
YoY Change 3.13% 9.91% 0.45%
TOTAL ASSETS
Total Short-Term Assets $460.1M $284.3M $306.6M
Total Long-Term Assets $5.085B $5.379B $4.894B
Total Assets $5.545B $5.664B $5.201B
YoY Change 6.27% 8.9% 0.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.984M $5.906M $5.473M
YoY Change 6.69% 7.91% -31.59%
Accrued Expenses $36.21M $31.97M $15.68M
YoY Change 153.48% 103.89% -7.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $61.17M $56.59M $39.75M
YoY Change 38.85% 42.37% -1.37%
LONG-TERM LIABILITIES
Long-Term Debt $4.161B $4.299B $3.715B
YoY Change 12.21% 15.73% 2.45%
Other Long-Term Liabilities $1.459M $1.653M $934.0K
YoY Change 6.81% 76.98% 367.0%
Total Long-Term Liabilities $4.162B $4.301B $3.716B
YoY Change 12.2% 15.74% 2.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $61.17M $56.59M $39.75M
Total Long-Term Liabilities $4.162B $4.301B $3.716B
Total Liabilities $4.223B $4.357B $3.755B
YoY Change 12.52% 16.02% 2.42%
SHAREHOLDERS EQUITY
Retained Earnings -$395.0M -$409.1M
YoY Change 59.76%
Common Stock $77.00K $77.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.322B $1.306B $1.445B
YoY Change
Total Liabilities & Shareholders Equity $5.545B $5.664B $5.201B
YoY Change 6.27% 8.9% 0.94%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $32.64M -$114.6M $29.33M
YoY Change -27.27% -490.82% -23.73%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $17.96M $17.47M $35.96M
YoY Change -48.91% -51.43% 14.53%
INVESTING ACTIVITIES
Capital Expenditures $5.060M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $169.3M -$511.3M $31.04M
YoY Change -1736.45% -1747.26% -82.43%
Cash From Investing Activities $164.3M -$511.3M $31.04M
YoY Change -1687.55% -1747.26% -82.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -164.5M 373.6M -37.64M
YoY Change 388.32% -1092.51% -78.97%
NET CHANGE
Cash From Operating Activities 17.96M 17.47M 35.96M
Cash From Investing Activities 164.3M -511.3M 31.04M
Cash From Financing Activities -164.5M 373.6M -37.64M
Net Change In Cash 17.74M -120.2M 29.36M
YoY Change -299.49% -509.43% 1.24%
FREE CASH FLOW
Cash From Operating Activities $17.96M $17.47M $35.96M
Capital Expenditures $5.060M
Free Cash Flow $12.90M
YoY Change

Facts In Submission

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us-gaap Net Income Loss
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax
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29325000 usd
us-gaap Comprehensive Income Net Of Tax
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CY2021Q4 us-gaap Cash
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us-gaap Comprehensive Income Net Of Tax
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CY2022Q1 us-gaap Stock Issued During Period Value New Issues
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1266000 usd
CY2022Q1 us-gaap Net Income Loss
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23781000 usd
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022Q2 us-gaap Net Income Loss
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CY2022Q3 us-gaap Net Income Loss
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CY2022Q3 us-gaap Dividends Preferred Stock
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3148000 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q3 us-gaap Dividends Common Stock
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CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1456000 usd
CY2021Q1 us-gaap Net Income Loss
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31955000 usd
CY2021Q1 us-gaap Dividends Preferred Stock
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CY2021Q1 us-gaap Preferred Stock Accretion Of Redemption Discount
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1452000 usd
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2021Q1 us-gaap Dividends Common Stock
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15507000 usd
CY2021Q1 us-gaap Stockholders Equity
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1277228000 usd
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
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CY2021Q2 trtx Stock Issued During Period Value Preferred Stock
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CY2021Q2 trtx Adjustments To Additional Paid In Capital Stock Issued Issuance Costs Reversal
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCostsReversal
6866000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1393000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
32391000 usd
CY2021Q2 us-gaap Dividends Preferred Stock
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6214000 usd
CY2021Q2 us-gaap Stock Redeemed Or Called During Period Value
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22485000 usd
CY2021Q2 us-gaap Preferred Stock Accretion Of Redemption Discount
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23997000 usd
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2021Q2 us-gaap Dividends Common Stock
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15509000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
1437191000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1250000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
29325000 usd
CY2021Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3708000 usd
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.24
CY2021Q3 us-gaap Dividends Common Stock
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18591000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
1445467000 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
93672000 usd
trtx Amortization And Accretion Of Premiums Discounts And Loan Origination Fees Net
AmortizationAndAccretionOfPremiumsDiscountsAndLoanOriginationFeesNet
5266000 usd
trtx Amortization And Accretion Of Premiums Discounts And Loan Origination Fees Net
AmortizationAndAccretionOfPremiumsDiscountsAndLoanOriginationFeesNet
5448000 usd
us-gaap Amortization Of Financing Costs
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10637000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
11258000 usd
trtx Decrease Increase Of Accrued Capitalized Interest
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trtx Decrease Increase Of Accrued Capitalized Interest
DecreaseIncreaseOfAccruedCapitalizedInterest
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us-gaap Gains Losses On Sales Of Investment Real Estate
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13291000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
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us-gaap Share Based Compensation
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3526000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4099000 usd
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
183840000 usd
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
312000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-768000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
9091000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1021000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1435000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-4095000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
4964000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
33000 usd
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
297000 usd
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-98000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
287000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-484000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1161000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2881000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
82540000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
97023000 usd
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
1461931000 usd
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
1062872000 usd
trtx Payments For Advances On Loans Held For Investment
PaymentsForAdvancesOnLoansHeldForInvestment
105905000 usd
trtx Payments For Advances On Loans Held For Investment
PaymentsForAdvancesOnLoansHeldForInvestment
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us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
877082000 usd
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
782144000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
73913000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 usd
us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
0 usd
us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
58374000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-616841000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-332550000 usd
us-gaap Repayments Of First Mortgage Bond
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995494000 usd
us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
109751000 usd
us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
907031000 usd
us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
1037500000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1025464000 usd
trtx Fair Value Of Assets And Liabilities Transfers Amount
FairValueOfAssetsAndLiabilitiesTransfersAmount
0 usd
us-gaap Repayments Of Secured Debt
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1122858000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1147466000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
519915000 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
564232000 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 usd
trtx Payment For Proceeds From Financing Costs
PaymentForProceedsFromFinancingCosts
16908000 usd
trtx Payment For Proceeds From Financing Costs
PaymentForProceedsFromFinancingCosts
9417000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
201250000 usd
trtx Payment For Preferred Stock Redemption Make Whole Payment
PaymentForPreferredStockRedemptionMakeWholePayment
0 usd
trtx Payment For Preferred Stock Redemption Make Whole Payment
PaymentForPreferredStockRedemptionMakeWholePayment
22485000 usd
trtx Payment Of Equity Issuance Shelf Registration And Equity Distribution Agreement Transaction Costs
PaymentOfEquityIssuanceShelfRegistrationAndEquityDistributionAgreementTransactionCosts
0 usd
trtx Payment Of Equity Issuance Shelf Registration And Equity Distribution Agreement Transaction Costs
PaymentOfEquityIssuanceShelfRegistrationAndEquityDistributionAgreementTransactionCosts
6824000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
509840000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
185788000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-24461000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-49739000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
261039000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
319669000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
236578000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
269930000 usd
us-gaap Interest Paid Net
InterestPaidNet
80071000 usd
us-gaap Interest Paid Net
InterestPaidNet
52033000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
784000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
1169000 usd
trtx Collateralized Loan Obligation Proceeds Held At Trustee
CollateralizedLoanObligationProceedsHeldAtTrustee
286417000 usd
trtx Collateralized Loan Obligation Proceeds Held At Trustee
CollateralizedLoanObligationProceedsHeldAtTrustee
0 usd
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
18711000 usd
CY2021Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
18593000 usd
us-gaap Transfer Of Investments
TransferOfInvestments
0 usd
us-gaap Transfer Of Investments
TransferOfInvestments
86636000 usd
trtx Principal Repayments Of Loans Held For Investment Held By Servicer Trustee Net
PrincipalRepaymentsOfLoansHeldForInvestmentHeldByServicerTrusteeNet
11988000 usd
trtx Principal Repayments Of Loans Held For Investment Held By Servicer Trustee Net
PrincipalRepaymentsOfLoansHeldForInvestmentHeldByServicerTrusteeNet
15332000 usd
trtx Accrued Stock Issuance Costs
AccruedStockIssuanceCosts
0 usd
trtx Accrued Stock Issuance Costs
AccruedStockIssuanceCosts
42000 usd
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
393000 usd
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
593000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 from the amounts and values reported due to the inherent uncertainty in the estimation process and the limited availability of observable pricing inputs due to the nature of transitional mortgage loans. 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></div>
CY2022Q3 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
5332184000 usd
CY2022Q3 us-gaap Cash
Cash
25400000 usd
us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Credit Losses</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Allowance for Credit Losses for Loans Held for Investment</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company accounts for its allowance for credit losses on loans held for investment using the Current Expected Credit Loss model of ASC Topic 326, Financial Instruments-Credit Losses (“ASC 326”). Periodic changes to the CECL reserve are recognized through net income on the Company’s consolidated statements of income and comprehensive income. The allowance for credit losses measured under the CECL accounting framework represents an estimate of current expected losses for the Company’s existing portfolio of loans held for investment, and is presented as a valuation reserve on the Company’s consolidated balance sheets. Expected credit losses related to non-cancelable unfunded loan commitments are accounted for as separate liabilities included in accrued expenses and other liabilities on the consolidated balance sheets. The allowance for credit losses for loans held for investment, as reported in the Company’s consolidated balance sheets, is adjusted by a credit loss benefit (expense), which is reported in earnings in the consolidated statements of income and comprehensive income and reduced by the write-off of loan amounts, net of recoveries and additions related to purchased credit-deteriorated (“PCD”) assets, if relevant. The allowance for credit losses includes a modeled component and an individually-assessed component. The Company has elected to not measure an allowance for credit losses on accrued interest receivables related to all of its loans held for investment because it writes off uncollectible accrued interest receivable in a timely manner pursuant to its non-accrual policy, described above.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company considers key credit quality indicators in underwriting loans and estimating credit losses, including but not limited to: the capitalization of borrowers and sponsors; the expertise of the borrowers and sponsors in a particular real estate sector and geographic market; collateral type; geographic region; use and occupancy of the property; property market value; loan-to-value (“LTV”) ratio; loan amount and lien position; debt service coverage ratio; the Company’s risk rating for the same and similar loans; and prior experience with the borrower and sponsor. This information is used to assess the financial and operating capability, experience and profitability of the sponsor/borrower. Ultimate repayment of the Company’s loans is sensitive to interest rate changes, general economic conditions, liquidity, LTV ratio, existence of a liquid investment sales market for commercial properties, and availability of replacement short-term or long-term financing. The loans in the Company’s commercial mortgage loan portfolio are secured by collateral of the following property types: office; life science; multifamily; hotel; industrial; mixed-use; land for industrial and office use; and self storage.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s loans are typically collateralized by real estate, or in the case of mezzanine loans, by a partnership interest or similar equity interest in an entity that owns real estate. The Company regularly evaluates on a loan-by-loan basis, typically no less frequently than quarterly, the extent and impact of any credit deterioration associated with the performance and/or value of the underlying collateral property, and the financial and operating capability of the borrower/sponsor. The Company also evaluates the financial strength of loan guarantors, if any, and the borrower’s competency in managing and operating the property or properties. In addition, the Company considers the overall economic environment, real estate sector, and geographic sub-market in which the borrower operates. Such analyses are completed and reviewed by asset management personnel and evaluated by senior management, who utilize various data sources, including, to the extent available (i) periodic financial data such as property occupancy, tenant profile, rental rates, operating expenses, the borrower’s exit plan, and capitalization and discount rates, (ii) site inspections, (iii) sales and financing comparables, (iv) current credit spreads for refinancing and (v) other market data.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Quarterly, the Company evaluates the risk of all loans and assigns a risk rating based on a variety of factors, grouped as follows: (i) loan and credit structure, including the as-is LTV structural features; (ii) quality and stability of real estate value and operating cash flow, including debt yield, property type, dynamics of the geography, local market, physical condition, stability of cash flow, leasing velocity and quality and diversity of tenancy; (iii) performance against underwritten business plan; (iv) the frequency and materiality of loan modifications or waivers occasioned by unfavorable variances between the underwritten business plan and actual performance; (v) changes in the capital markets that may impact the refinancing or sale of the loan; and (vi) quality, experience and financial condition of sponsor, borrower and guarantor(s). Based on a 5-point scale, the Company’s loans are rated “1” through “5,” from least risk to greatest risk, respectively, which ratings are defined as follows:</span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1 -</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:16.17pt">Outperform—Exceeds performance metrics (for example, technical milestones, occupancy, rents, net operating income) included in original or current credit underwriting and business plan; </span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2 -</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:16.17pt">Meets or Exceeds Expectations—Collateral performance meets or exceeds substantially all performance metrics included in original or current underwriting / business plan; </span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3 -</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:16.17pt">Satisfactory—Collateral performance meets or is on track to meet underwriting; business plan is met or can reasonably be achieved; </span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4 -</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:16.17pt">Underperformance—Collateral performance falls short of original underwriting, material differences exist from business plan, or both; technical milestones have been missed; defaults may exist, or may soon occur absent material improvement; and </span></div><div style="margin-top:6pt;padding-left:54pt;text-align:justify;text-indent:-27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5 -</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:16.17pt">Default/Possibility of Loss—Collateral performance is significantly worse than underwriting; major variance from business plan; loan covenants or technical milestones have been breached; the loan is in default or substantially in default; timely exit from loan via sale or refinancing is questionable; significant risk of principal loss.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company generally assigns a risk rating of “3” to all loan investments upon origination or acquisition, except when specific circumstances warrant an exception.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s CECL reserve also reflects its estimates of the current and future economic conditions that impact the performance of the commercial real estate assets securing the Company’s loans. These estimates include unemployment rates, inflation rates, interest rates, price indices for commercial property, current and expected future availability of liquidity in the commercial property debt and equity capital markets, and other macroeconomic factors that may influence the likelihood and magnitude of potential credit losses for the Company’s loans during their anticipated term. The Company licenses certain macroeconomic financial forecasts to inform its view of the potential future impact that broader economic conditions may have on its loan portfolio’s performance. Selection of the economic forecast or forecasts used, in conjunction with loan level inputs, to determine the CECL reserve requires significant judgment about future events that, while based on the information available to the Company as of the balance sheet date, are ultimately unknowable with certainty. The actual economic conditions impacting the Company’s portfolio could vary significantly from the estimates the Company made for the periods presented.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The key inputs to the Company's estimation of its allowance for credit losses as of September 30, 2022 were impacted by dislocations in the capital markets, increased interest rates, accelerating inflationary trends, a heightened risk of recession, and geopolitical conflicts. Inherent uncertainty in the estimation process and the limited availability of observable pricing inputs due to the nature of transitional mortgage loans also constrain the Company's ability to estimate key inputs utilized to calculate its allowance for credit losses. Key inputs to the estimate include, but are not limited to: LTV; debt service coverage ratio; current and future operating cash flow and performance of collateral properties; the financial strength and liquidity of borrowers and sponsors; capitalization rates and discount rates used to value commercial real estate properties; and market liquidity based on market indices or observable transactions involving the sale or financing of commercial properties. Estimates made by the Company are subject to change. Actual results could differ from management’s estimates, and such differences could be material.</span></div>
CY2022Q3 trtx Maximum Insured Amount Of Each Cash Account
MaximumInsuredAmountOfEachCashAccount
250000 usd
CY2021Q4 trtx Maximum Insured Amount Of Each Cash Account
MaximumInsuredAmountOfEachCashAccount
250000 usd
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CY2022Q3 us-gaap Restricted Cash
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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trtx Mortgage Loans On Real Estate Amortization Of Origination Fees
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5266000 usd
CY2021Q4 trtx Number Of Non Consolidated Senior Interest
NumberOfNonConsolidatedSeniorInterest
1 loan
CY2021Q4 trtx Loan Commitment Non Consolidated Senior Interest Outstanding
LoanCommitmentNonConsolidatedSeniorInterestOutstanding
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CY2022Q3 trtx Number Of Non Consolidated Senior Interest
NumberOfNonConsolidatedSeniorInterest
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us-gaap Paid In Kind Interest
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CY2021 us-gaap Paid In Kind Interest
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CY2022Q3 trtx Percentage Of Loans Subject To Yield Maintenance Or Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceOrOtherPrepaymentRestrictions
0.474
CY2022Q3 trtx Percentage Of Loans Open To Repayment By Borrower Without Penalty
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0.526
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us-gaap Mortgage Loans On Real Estate New Mortgage Loans
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us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
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us-gaap Mortgage Loans On Real Estate Other Additions
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trtx Mortgage Loans On Real Estate Collection Of Accrued Paid In Kind Interest
MortgageLoansOnRealEstateCollectionOfAccruedPaidInKindInterest
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trtx Real Estate Companies Investment In Mortgage Loans On Real Estate Write Off
RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateWriteOff
4400000 usd
trtx Mortgage Loans On Real Estate Change In Allowance For Credit Losses
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CY2022Q3 us-gaap Mortgage Loans On Real Estate
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CY2022Q3 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
8600000 usd
CY2021Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
10100000 usd
CY2022Q3 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
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CY2021Q4 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
0 usd
CY2022Q3 us-gaap Financing Receivable Originated In Current Fiscal Year
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CY2022Q3 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
1909473000 usd
CY2022Q3 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
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295511000 usd
CY2022Q3 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
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CY2022Q3 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
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CY2022Q3 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
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5301804000 usd
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CY2021Q4 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
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CY2021Q4 us-gaap Notes Receivable Gross
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CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2022Q3 trtx Weighted Average Risk Rating
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CY2021Q4 trtx Weighted Average Risk Rating
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CY2022Q3 trtx Weighted Average Risk Rating
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CY2021Q4 trtx Weighted Average Risk Rating
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CY2022Q3 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
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CY2021Q3 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
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CY2022Q3 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
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CY2021Q3 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
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CY2022Q3 trtx Number Of Loan Repayments
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CY2022Q3 trtx Number Of Partial Loan Repayments
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CY2022Q3 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
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225600000 usd
trtx Financing Receivable Allowance For Credit Loss Increase Decrease Increased Loan Origination
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trtx Financing Receivable Allowance For Credit Loss Increase Decrease Increased Repayments
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trtx Allowance For Credit Losses Increase Decrease Due To Increased Sales
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trtx Financing Receivable Allowance For Credit Loss Increase Decrease Increased Repayments
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CY2022Q3 trtx Number Of Loans Not On Non Accrual Status
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CY2022Q3 trtx Number Of Individual Assessments
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CY2022Q3 trtx Number Of Loans On Non Accrual Status
NumberOfLoansOnNonAccrualStatus
2 loan
CY2022Q3 trtx Number Of Loans Not On Non Accrual Status
NumberOfLoansNotOnNonAccrualStatus
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CY2022Q3 trtx Loans Accrued Interest Income
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CY2021Q4 trtx Loans Accrued Interest Income
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CY2021Q4 trtx Paid In Kind Interest Outstanding
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CY2022Q1 trtx Paid In Kind Interest Accrued
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CY2022Q1 trtx Paid In Kind Interest Repayment
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CY2022Q2 trtx Paid In Kind Interest Accrued
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CY2022Q2 trtx Write Off Of Accrued Pik Interest
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CY2022Q2 trtx Paid In Kind Interest Outstanding
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2415000 usd
CY2022Q3 trtx Paid In Kind Interest Accrued
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CY2022Q3 trtx Paid In Kind Interest Repayment
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CY2022Q3 trtx Write Off Of Accrued Pik Interest
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CY2022Q3 trtx Paid In Kind Interest Outstanding
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trtx Paid In Kind Interest Accrued
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CY2021Q4 trtx Capital Loss Carry Forward Used To Offset Gains
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203400000 usd
CY2022Q2 trtx Capital Loss Carry Forward Used To Offset Gains
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CY2022Q3 us-gaap Unamortized Debt Issuance Expense
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10900000 usd
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
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10300000 usd
CY2022Q3 trtx Other Loan Held For Investment Net
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CY2022Q3 us-gaap Debt Instrument Carrying Amount
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4319971000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
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CY2022Q3 trtx Number Of Loan Investments
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82974000 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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561307000 usd
CY2022Q3 trtx Long Term Debt Maturities Repayments Of Principal After Year Four
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CY2022Q3 us-gaap Long Term Debt
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4319971000 usd
CY2022Q3 us-gaap Money Market Funds At Carrying Value
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139100000 usd
CY2021Q4 us-gaap Money Market Funds At Carrying Value
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trtx Threshold Period Of Delinquency To Consider Loan Nonperforming And Place On Nonaccrual Status
ThresholdPeriodOfDelinquencyToConsiderLoanNonperformingAndPlaceOnNonaccrualStatus
P90D
CY2022Q3 trtx Loans Held For Investment Fair Value Disclosure Nonrecurring
LoansHeldForInvestmentFairValueDisclosureNonrecurring
5200000000 usd
CY2021Q4 trtx Loans Held For Investment Fair Value Disclosure Nonrecurring
LoansHeldForInvestmentFairValueDisclosureNonrecurring
4900000000 usd
CY2022Q3 trtx Loans Held For Investment Weighted Average Gross Credit Spread
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CY2021Q4 trtx Loans Held For Investment Weighted Average Gross Credit Spread
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trtx Loans Held For Investment Weighted Average Maturity Period
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CY2022Q3 trtx Excise Tax Percentage
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us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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CY2022Q3 us-gaap Current Federal State And Local Tax Expense Benefit
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CY2021Q3 us-gaap Current Federal State And Local Tax Expense Benefit
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200000 usd
us-gaap Current Federal State And Local Tax Expense Benefit
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300000 usd
us-gaap Current Federal State And Local Tax Expense Benefit
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q3 us-gaap Operating Loss Carryforwards
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CY2022Q3 trtx Remaining Capital Loss Carry Forwards
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174300000 usd
trtx Incentive Management Fee Percentage Of Core Earnings Less Seven Percent Of Stockholders Equity
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us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
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600000 usd
us-gaap Dividends Common Stock Stock
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CY2022Q3 trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
5906000 usd
CY2021Q3 trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
5473000 usd
trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
22654000 usd
trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
15910000 usd
CY2022Q3 trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
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CY2021Q3 trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
5344000 usd
trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
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trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
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CY2022Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
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200000 usd
CY2022Q3 us-gaap Dividends Common Stock Stock
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200000 usd
CY2021Q3 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
100000 usd
CY2021Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
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100000 usd
us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
400000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
400000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-114607000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
29325000 usd
us-gaap Net Income Loss
NetIncomeLoss
-96260000 usd
us-gaap Net Income Loss
NetIncomeLoss
93672000 usd
CY2022Q3 trtx Dividends Preferred Stock Paid And Accrued
DividendsPreferredStockPaidAndAccrued
3148000 usd
CY2021Q3 trtx Dividends Preferred Stock Paid And Accrued
DividendsPreferredStockPaidAndAccrued
3157000 usd
trtx Dividends Preferred Stock Paid And Accrued
DividendsPreferredStockPaidAndAccrued
9444000 usd
trtx Dividends Preferred Stock Paid And Accrued
DividendsPreferredStockPaidAndAccrued
16081000 usd
CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
159000 usd
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
122000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
582000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
416000 usd
CY2022Q3 trtx Preferred Stock Redemption Make Whole Payment
PreferredStockRedemptionMakeWholePayment
0 usd
CY2021Q3 trtx Preferred Stock Redemption Make Whole Payment
PreferredStockRedemptionMakeWholePayment
0 usd
trtx Preferred Stock Redemption Make Whole Payment
PreferredStockRedemptionMakeWholePayment
0 usd
trtx Preferred Stock Redemption Make Whole Payment
PreferredStockRedemptionMakeWholePayment
22485000 usd
CY2022Q3 trtx Write Off Of Unamortized Discount Including Unamortized Amounts Related To Allocated Warrant Fair Value And Transaction Costs
WriteOffOfUnamortizedDiscountIncludingUnamortizedAmountsRelatedToAllocatedWarrantFairValueAndTransactionCosts
0 usd
CY2021Q3 trtx Write Off Of Unamortized Discount Including Unamortized Amounts Related To Allocated Warrant Fair Value And Transaction Costs
WriteOffOfUnamortizedDiscountIncludingUnamortizedAmountsRelatedToAllocatedWarrantFairValueAndTransactionCosts
0 usd
trtx Write Off Of Unamortized Discount Including Unamortized Amounts Related To Allocated Warrant Fair Value And Transaction Costs
WriteOffOfUnamortizedDiscountIncludingUnamortizedAmountsRelatedToAllocatedWarrantFairValueAndTransactionCosts
0 usd
trtx Write Off Of Unamortized Discount Including Unamortized Amounts Related To Allocated Warrant Fair Value And Transaction Costs
WriteOffOfUnamortizedDiscountIncludingUnamortizedAmountsRelatedToAllocatedWarrantFairValueAndTransactionCosts
25449000 usd
CY2022Q3 us-gaap Undistributed Earnings
UndistributedEarnings
-117914000 usd
CY2021Q3 us-gaap Undistributed Earnings
UndistributedEarnings
26046000 usd
us-gaap Undistributed Earnings
UndistributedEarnings
-106286000 usd
us-gaap Undistributed Earnings
UndistributedEarnings
29241000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77403487 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77060225 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77259382 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76952306 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
4968750 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
4622951 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77403487 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82028975 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77259382 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81575257 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.52
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.52
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2020Q2 trtx Number Of Tranches
NumberOfTranches
3 tranche
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
18700000 usd
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
18600000 usd
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
18700000 usd
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
24200000 usd
CY2022Q3 trtx Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesVested
0 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
0 shares
CY2022Q3 trtx Dividends Common Stock Paidinkind Shares
DividendsCommonStockPaidinkindShares
3239 shares
trtx Dividends Common Stock Paidinkind Shares
DividendsCommonStockPaidinkindShares
7699 shares
CY2022Q3 trtx Unfunded Commitments Loans Held For Investment
UnfundedCommitmentsLoansHeldForInvestment
462900000 usd
CY2021Q4 trtx Unfunded Commitments Loans Held For Investment
UnfundedCommitmentsLoansHeldForInvestment
487800000 usd
CY2022Q3 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5792681000 usd
CY2022Q3 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
462912000 usd
CY2022Q3 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2022Q3 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
5332184000 usd
CY2022Q3 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2021Q4 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5411944000 usd
CY2021Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
487773000 usd
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 usd
CY2021Q4 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2022Q3 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
2400000 usd
CY2021Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
3000000 usd
CY2021 trtx Commitment Related To Non Performing Retail Loan Held For Investment
CommitmentRelatedToNonPerformingRetailLoanHeldForInvestment
7800000 usd
CY2022Q3 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5792681000 usd
CY2022Q3 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
462912000 usd
CY2022Q3 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2022Q3 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
5332184000 usd
CY2022Q3 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2021Q4 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5411944000 usd
CY2021Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
487773000 usd
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 usd
CY2021Q4 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2022Q3 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
2400000 usd
CY2021Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
3000000 usd
CY2021 trtx Commitment Related To Non Performing Retail Loan Held For Investment
CommitmentRelatedToNonPerformingRetailLoanHeldForInvestment
7800000 usd
CY2022Q3 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5792681000 usd
CY2022Q3 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
462912000 usd
CY2022Q3 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2022Q3 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
5332184000 usd
CY2022Q3 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2021Q4 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5411944000 usd
CY2021Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
487773000 usd
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 usd
CY2021Q4 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2022Q3 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
2400000 usd
CY2021Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
3000000 usd
CY2021 trtx Commitment Related To Non Performing Retail Loan Held For Investment
CommitmentRelatedToNonPerformingRetailLoanHeldForInvestment
7800000 usd
trtx Commitment Related To Non Performing Retail Loan Held For Investment
CommitmentRelatedToNonPerformingRetailLoanHeldForInvestment
7800000 usd

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