2023 Q1 Form 10-K Financial Statement

#000163047223000005 Filed on February 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $95.25M $101.2M $305.7M
YoY Change 56.05% 67.71% 27.0%
Cost Of Revenue $7.212M $7.843M $35.35M
YoY Change -1.86% 3.81% 26.41%
Gross Profit $88.03M $93.32M $270.4M
YoY Change 63.98% 76.85% 27.07%
Gross Profit Margin 92.43% 92.25% 88.44%
Selling, General & Admin $2.700M $2.610M $9.451M
YoY Change 10.88% -5.81% -6.93%
% of Gross Profit 3.07% 2.8% 3.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.700M $2.610M $9.451M
YoY Change 10.88% -5.81% -6.93%
Operating Profit $85.33M $90.71M $260.9M
YoY Change 66.5% 81.43% 28.78%
Interest Expense $69.99M -$65.17M $160.8M
YoY Change 211.05% 198.91% 88.92%
% of Operating Profit 82.02% -71.85% 61.61%
Other Income/Expense, Net $9.912M $44.80M
YoY Change 1.31% 17.53%
Pretax Income $7.559M $36.40M -$59.54M
YoY Change -68.33% -18.29% -142.64%
Income Tax $184.0K $202.0K $530.0K
% Of Pretax Income 2.43% 0.56%
Net Earnings $7.375M $32.64M -$60.07M
YoY Change -68.99% -27.27% -143.35%
Net Earnings / Revenue 7.74% 32.27% -19.65%
Basic Earnings Per Share $0.05 -$0.95
Diluted Earnings Per Share $0.05 $0.42 -$0.95
COMMON SHARES
Basic Shares Outstanding 77.41M shares 77.41M shares 77.30M shares
Diluted Shares Outstanding 78.09M shares 77.30M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $161.5M $254.1M $254.1M
YoY Change -54.06% -2.53% -2.53%
Cash & Equivalents $161.5M $254.1M $254.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $96.26M $164.3M $164.3M
Other Receivables $36.58M $41.74M $41.74M
Total Short-Term Assets $294.4M $460.1M $460.1M
YoY Change -22.94% 60.07% 60.07%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $642.0K $265.0K $265.0K
YoY Change -24.2% -34.41% -34.41%
Total Long-Term Assets $5.089B $5.085B $5.085B
YoY Change -0.85% 3.13% 3.13%
TOTAL ASSETS
Total Short-Term Assets $294.4M $460.1M $460.1M
Total Long-Term Assets $5.089B $5.085B $5.085B
Total Assets $5.384B $5.545B $5.545B
YoY Change -2.38% 6.27% 6.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.019M $5.984M $5.984M
YoY Change -2.18% 6.69% 6.69%
Accrued Expenses $37.50M $36.21M $36.21M
YoY Change 121.55% 153.48% 153.48%
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 $62.50M $61.17M $61.17M
YoY Change 49.58% 38.85% 38.85%
LONG-TERM LIABILITIES
Long-Term Debt $4.009B $4.161B $4.161B
YoY Change 0.15% 12.21% 12.21%
Other Long-Term Liabilities $2.736M $1.459M $1.459M
YoY Change 53.36% 6.81% 6.81%
Total Long-Term Liabilities $4.012B $4.162B $4.162B
YoY Change 0.17% 12.2% 12.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.50M $61.17M $61.17M
Total Long-Term Liabilities $4.012B $4.162B $4.162B
Total Liabilities $4.075B $4.223B $4.223B
YoY Change 0.68% 12.52% 12.52%
SHAREHOLDERS EQUITY
Retained Earnings -$409.8M -$395.0M
YoY Change 67.03% 59.76%
Common Stock $77.00K $77.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.309B $1.322B $1.322B
YoY Change
Total Liabilities & Shareholders Equity $5.384B $5.545B $5.545B
YoY Change -2.38% 6.27% 6.27%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $7.375M $32.64M -$60.07M
YoY Change -68.99% -27.27% -143.35%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $23.47M $17.96M $100.5M
YoY Change -28.03% -48.91% -23.96%
INVESTING ACTIVITIES
Capital Expenditures $5.060M $5.060M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $61.60M $169.3M -$447.5M
YoY Change -129.93% -1736.45% 30.51%
Cash From Investing Activities $61.60M $164.3M -$452.6M
YoY Change -129.93% -1687.55% 31.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$177.2M -164.5M $345.3M
YoY Change -166.98% 388.32% 127.05%
NET CHANGE
Cash From Operating Activities $23.47M 17.96M $100.5M
Cash From Investing Activities $61.60M 164.3M -$452.6M
Cash From Financing Activities -$177.2M -164.5M $345.3M
Net Change In Cash -$92.15M 17.74M -$6.724M
YoY Change -200.84% -299.49% -96.81%
FREE CASH FLOW
Cash From Operating Activities $23.47M $17.96M $100.5M
Capital Expenditures $5.060M $5.060M
Free Cash Flow $12.90M $95.44M
YoY Change

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CY2020 trtx Adjustments To Additional Paid In Capital Stock Issued Issuance Costs Reversal
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CY2020 trtx Temporary Equity Issuance Cost
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CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020 us-gaap Net Income Loss
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020 us-gaap Dividends Preferred Stock
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CY2020 us-gaap Preferred Stock Accretion Of Redemption Discount
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CY2020 trtx Temporary Equity Accretion Of Discount On Preferred Stock
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CY2020 us-gaap Common Stock Dividends Per Share Declared
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CY2020 us-gaap Dividends Common Stock
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CY2020Q4 us-gaap Stockholders Equity
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CY2021 trtx Stock Issued During Period Value Preferred Stock
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CY2021 trtx Adjustments To Additional Paid In Capital Stock Issued Issuance Costs Reversal
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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5763000 usd
CY2021 us-gaap Net Income Loss
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CY2021 us-gaap Dividends Preferred Stock
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CY2021 trtx Stock Redeemed Or Called During Period At Par Value
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CY2021 us-gaap Stock Redeemed Or Called During Period Value
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CY2021 us-gaap Preferred Stock Accretion Of Redemption Discount
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CY2021 trtx Temporary Equity Accretion Of Discount On Preferred Stock
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CY2021 us-gaap Common Stock Dividends Per Share Declared
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CY2021 us-gaap Dividends Common Stock
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CY2021Q4 us-gaap Stockholders Equity
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5052000 usd
CY2022 us-gaap Net Income Loss
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CY2022 us-gaap Dividends Preferred Stock
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CY2022 us-gaap Common Stock Dividends Per Share Declared
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CY2022 us-gaap Dividends Common Stock
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Profit Loss
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CY2020 us-gaap Profit Loss
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CY2022 trtx Amortization And Accretion Of Premiums Discounts And Loan Origination Fees Net
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11085000 usd
CY2021 trtx Amortization And Accretion Of Premiums Discounts And Loan Origination Fees Net
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7204000 usd
CY2020 trtx Amortization And Accretion Of Premiums Discounts And Loan Origination Fees Net
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CY2022 us-gaap Amortization Of Financing Costs
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CY2021 us-gaap Amortization Of Financing Costs
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15891000 usd
CY2020 us-gaap Amortization Of Financing Costs
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CY2022 trtx Decrease Increase Of Accrued Capitalized Interest
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CY2021 trtx Decrease Increase Of Accrued Capitalized Interest
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CY2020 trtx Decrease Increase Of Accrued Capitalized Interest
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4701000 usd
CY2022 us-gaap Gains Losses On Sales Of Investment Real Estate
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CY2021 us-gaap Gains Losses On Sales Of Investment Real Estate
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15790000 usd
CY2020 us-gaap Gains Losses On Sales Of Investment Real Estate
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CY2022 us-gaap Share Based Compensation
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CY2021 us-gaap Share Based Compensation
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CY2020 us-gaap Share Based Compensation
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CY2022 trtx Financing Receivable Allowance For Credit Loss Partial Writeoff
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CY2021 trtx Financing Receivable Allowance For Credit Loss Partial Writeoff
FinancingReceivableAllowanceForCreditLossPartialWriteoff
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CY2020 trtx Financing Receivable Allowance For Credit Loss Partial Writeoff
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CY2022 us-gaap Provision For Loan And Lease Losses
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CY2021 us-gaap Provision For Loan And Lease Losses
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CY2020 us-gaap Provision For Loan And Lease Losses
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CY2022 us-gaap Gain Loss On Sale Of Investments
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CY2021 us-gaap Gain Loss On Sale Of Investments
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CY2020 us-gaap Gain Loss On Sale Of Investments
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2020 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accrued Interest Receivable Net
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CY2020 us-gaap Increase Decrease In Accrued Interest Receivable Net
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CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2022 us-gaap Increase Decrease In Interest Payable Net
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CY2021 us-gaap Increase Decrease In Interest Payable Net
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CY2020 us-gaap Increase Decrease In Interest Payable Net
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CY2022 us-gaap Increase Decrease In Due To Affiliates
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CY2021 us-gaap Increase Decrease In Due To Affiliates
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CY2020 us-gaap Increase Decrease In Due To Affiliates
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CY2022 us-gaap Increase Decrease In Deferred Revenue
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93000 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
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CY2020 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1254000 usd
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1053000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
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CY2020 us-gaap Increase Decrease In Other Operating Assets
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3575000 usd
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100496000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Payments For Proceeds From Loans Receivable
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CY2021 us-gaap Payments For Proceeds From Loans Receivable
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CY2020 us-gaap Payments For Proceeds From Loans Receivable
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CY2022 trtx Payments For Advances On Loans Held For Investment
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CY2021 trtx Payments For Advances On Loans Held For Investment
PaymentsForAdvancesOnLoansHeldForInvestment
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CY2020 trtx Payments For Advances On Loans Held For Investment
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CY2022 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
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CY2021 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
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CY2020 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
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CY2022 us-gaap Payments To Acquire Real Estate Held For Investment
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5060000 usd
CY2021 us-gaap Payments To Acquire Real Estate Held For Investment
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CY2020 us-gaap Payments To Acquire Real Estate Held For Investment
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CY2022 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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CY2020 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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CY2022 us-gaap Proceeds From Sale Of Loans Held For Investment
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CY2021 us-gaap Proceeds From Sale Of Loans Held For Investment
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CY2020 us-gaap Proceeds From Sale Of Loans Held For Investment
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CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2022 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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CY2020 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Repayments Of First Mortgage Bond
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CY2021 us-gaap Repayments Of First Mortgage Bond
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316272000 usd
CY2020 us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
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CY2022 us-gaap Proceeds From Issuance Of First Mortgage Bond
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CY2021 us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
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CY2020 us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
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CY2022 us-gaap Proceeds From Issuance Of Other Long Term Debt
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CY2021 us-gaap Proceeds From Issuance Of Other Long Term Debt
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CY2020 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
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CY2022 trtx Proceeds From Mortgage Loan Payable
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CY2021 trtx Proceeds From Mortgage Loan Payable
ProceedsFromMortgageLoanPayable
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CY2020 trtx Proceeds From Mortgage Loan Payable
ProceedsFromMortgageLoanPayable
50000000 usd
CY2022 trtx Payments On Mortgage Loan Payable
PaymentsOnMortgageLoanPayable
0 usd
CY2021 trtx Payments On Mortgage Loan Payable
PaymentsOnMortgageLoanPayable
50000000 usd
CY2020 trtx Payments On Mortgage Loan Payable
PaymentsOnMortgageLoanPayable
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CY2022 trtx Payment For Proceeds From Financing Costs
PaymentForProceedsFromFinancingCosts
18788000 usd
CY2021 trtx Payment For Proceeds From Financing Costs
PaymentForProceedsFromFinancingCosts
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CY2020 trtx Payment For Proceeds From Financing Costs
PaymentForProceedsFromFinancingCosts
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CY2022 us-gaap Proceeds From Issuance Of Warrants
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CY2021 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
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CY2020 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
14402000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2022 trtx Payment Of Equity Issuance Shelf Registration And Equity Distribution Agreement Transaction Costs
PaymentOfEquityIssuanceShelfRegistrationAndEquityDistributionAgreementTransactionCosts
0 usd
CY2021 trtx Payment Of Equity Issuance Shelf Registration And Equity Distribution Agreement Transaction Costs
PaymentOfEquityIssuanceShelfRegistrationAndEquityDistributionAgreementTransactionCosts
6866000 usd
CY2020 trtx Payment Of Equity Issuance Shelf Registration And Equity Distribution Agreement Transaction Costs
PaymentOfEquityIssuanceShelfRegistrationAndEquityDistributionAgreementTransactionCosts
12365000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
345341000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
152101000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-58630000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
240002000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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261039000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
319669000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
79666000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
254315000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
261039000 usd
CY2022 trtx Conversion Of Loans Held For Investment To Real Estate Owned
ConversionOfLoansHeldForInvestmentToRealEstateOwned
76500000 usd
CY2020 us-gaap Interest Paid Net
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97767000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
784000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
1221000 usd
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
141000 usd
CY2022 trtx Collateralized Loan Obligation Proceeds Held At Trustee
CollateralizedLoanObligationProceedsHeldAtTrustee
296964000 usd
CY2021 trtx Collateralized Loan Obligation Proceeds Held At Trustee
CollateralizedLoanObligationProceedsHeldAtTrustee
0 usd
CY2020 trtx Collateralized Loan Obligation Proceeds Held At Trustee
CollateralizedLoanObligationProceedsHeldAtTrustee
0 usd
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
18970000 usd
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
24156000 usd
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
29481000 usd
CY2022 trtx Principal Repayments Of Loans Held For Investment Held By Servicer Trustee Net
PrincipalRepaymentsOfLoansHeldForInvestmentHeldByServicerTrusteeNet
162203000 usd
CY2021 trtx Principal Repayments Of Loans Held For Investment Held By Servicer Trustee Net
PrincipalRepaymentsOfLoansHeldForInvestmentHeldByServicerTrusteeNet
204000 usd
CY2020 trtx Principal Repayments Of Loans Held For Investment Held By Servicer Trustee Net
PrincipalRepaymentsOfLoansHeldForInvestmentHeldByServicerTrusteeNet
174000 usd
CY2022 trtx Accrued Interest Receivable Held By Servicer Trustee Net
AccruedInterestReceivableHeldByServicerTrusteeNet
1444000 usd
CY2021 trtx Accrued Interest Receivable Held By Servicer Trustee Net
AccruedInterestReceivableHeldByServicerTrusteeNet
0 usd
CY2020 trtx Accrued Interest Receivable Held By Servicer Trustee Net
AccruedInterestReceivableHeldByServicerTrusteeNet
0 usd
CY2021 trtx Conversion Of Loans Held For Investment To Real Estate Owned
ConversionOfLoansHeldForInvestmentToRealEstateOwned
0 usd
CY2020 trtx Conversion Of Loans Held For Investment To Real Estate Owned
ConversionOfLoansHeldForInvestmentToRealEstateOwned
0 usd
CY2022 trtx Accrued Stock Issuance Costs
AccruedStockIssuanceCosts
0 usd
CY2021 trtx Accrued Stock Issuance Costs
AccruedStockIssuanceCosts
0 usd
CY2020 trtx Accrued Stock Issuance Costs
AccruedStockIssuanceCosts
3000000 usd
CY2022 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
608000 usd
CY2021 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
221000 usd
CY2020 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
452000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 usd
CY2020 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1051000 usd
CY2022 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>
CY2022 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 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:45pt;text-align:justify;text-indent:-18pt"><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:7.17pt">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:45pt;text-align:justify;text-indent:-18pt"><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:7.17pt">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:45pt;text-align:justify;text-indent:-18pt"><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:7.17pt">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:45pt;text-align:justify;text-indent:-18pt"><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:7.17pt">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:45pt;text-align:justify;text-indent:-18pt"><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:7.17pt">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 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 December 31, 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>
CY2022 trtx Percentage Of Senior Mortgage Loan Transferred To Third Party
PercentageOfSeniorMortgageLoanTransferredToThirdParty
1
CY2021Q4 trtx Maximum Insured Amount Of Each Cash Account
MaximumInsuredAmountOfEachCashAccount
250000 usd
CY2022Q4 trtx Maximum Insured Amount Of Each Cash Account
MaximumInsuredAmountOfEachCashAccount
250000 usd
CY2022Q4 us-gaap Cash
Cash
22400000 usd
CY2021Q4 us-gaap Cash
Cash
15000000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
254100000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
300000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
260600000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
400000 usd
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
0 usd
CY2021 trtx Loan Repayment Principal Amount
LoanRepaymentPrincipalAmount
1400000000 usd
CY2021Q4 trtx Number Of Non Consolidated Senior Interest
NumberOfNonConsolidatedSeniorInterest
1 loan
CY2021Q4 trtx Loan Commitment Non Consolidated Senior Interest Outstanding
LoanCommitmentNonConsolidatedSeniorInterestOutstanding
132000000 usd
CY2022Q4 trtx Number Of Non Consolidated Senior Interest
NumberOfNonConsolidatedSeniorInterest
0 loan
CY2022 us-gaap Paid In Kind Interest
PaidInKindInterest
1700000 usd
CY2021 us-gaap Paid In Kind Interest
PaidInKindInterest
3000000 usd
CY2022Q4 trtx Percentage Of Loans Subject To Yield Maintenance Or Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceOrOtherPrepaymentRestrictions
0.378
CY2022Q4 trtx Percentage Of Loans Open To Repayment By Borrower Without Penalty
PercentageOfLoansOpenToRepaymentByBorrowerWithoutPenalty
0.622
CY2022Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
5004798000 usd
CY2022Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-26124000 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4978674000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
197272000 usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
4781402000 usd
CY2021Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4919343000 usd
CY2021Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
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CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4909202000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
41999000 usd
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
4867203000 usd
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4867203000 usd
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4456460000 usd
CY2022 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
1519406000 usd
CY2021 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
1623585000 usd
CY2022 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
145199000 usd
CY2021 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
146032000 usd
CY2022 trtx Mortgage Loans On Real Estate Amortization Of Origination Fees
MortgageLoansOnRealEstateAmortizationOfOriginationFees
11085000 usd
CY2021 trtx Mortgage Loans On Real Estate Amortization Of Origination Fees
MortgageLoansOnRealEstateAmortizationOfOriginationFees
7203000 usd
CY2022 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1506870000 usd
CY2021 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1236032000 usd
CY2022 trtx Mortgage Loans On Real Estate Collection Of Accrued Paid In Kind Interest
MortgageLoansOnRealEstateCollectionOfAccruedPaidInKindInterest
1314000 usd
CY2021 trtx Mortgage Loans On Real Estate Collection Of Accrued Paid In Kind Interest
MortgageLoansOnRealEstateCollectionOfAccruedPaidInKindInterest
0 usd
CY2022 trtx Real Estate Companies Investment In Mortgage Loans On Real Estate Write Off
RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateWriteOff
4400000 usd
CY2021 trtx Real Estate Companies Investment In Mortgage Loans On Real Estate Write Off
RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateWriteOff
0 usd
CY2022 trtx Mortgage Loans On Real Estate Loan Sale
MortgageLoansOnRealEstateLoanSale
0 usd
CY2021 trtx Mortgage Loans On Real Estate Loan Sale
MortgageLoansOnRealEstateLoanSale
147986000 usd
CY2022 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
89234000 usd
CY2021 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
0 usd
CY2022 trtx Mortgage Loans On Real Estate Change In Allowance For Credit Losses
MortgageLoansOnRealEstateChangeInAllowanceForCreditLosses
-159673000 usd
CY2021 trtx Mortgage Loans On Real Estate Change In Allowance For Credit Losses
MortgageLoansOnRealEstateChangeInAllowanceForCreditLosses
17941000 usd
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4781402000 usd
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4867203000 usd
CY2021 trtx Mortgage Loans On Real Estate Loan Sale
MortgageLoansOnRealEstateLoanSale
148000000 usd
CY2022Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
7900000 usd
CY2021Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
10100000 usd
CY2022Q4 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
-18200000 usd
CY2021Q4 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
0 usd
CY2022Q4 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
1006831000 usd
CY2022Q4 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
1905539000 usd
CY2022Q4 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
289315000 usd
CY2022Q4 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
1216490000 usd
CY2022Q4 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
508957000 usd
CY2022Q4 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
51542000 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4978674000 usd
CY2021Q4 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
1634280000 usd
CY2021Q4 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
173871000 usd
CY2021Q4 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
1672184000 usd
CY2021Q4 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
856873000 usd
CY2021Q4 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
554831000 usd
CY2021Q4 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
17163000 usd
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4909202000 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4978674000 usd
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4909202000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
197272000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
41999000 usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
4781402000 usd
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
4867203000 usd
CY2022Q4 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
3.2 rating
CY2021Q4 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
3.0 rating
CY2022Q4 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
3.2 rating
CY2021Q4 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
3.0 rating
CY2022Q4 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
FinancingReceivableAllowanceForCreditLossesLoansHeldForInvestmentAndUnfundedLoanCommitment
214586000 usd
CY2021Q4 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
FinancingReceivableAllowanceForCreditLossesLoansHeldForInvestmentAndUnfundedLoanCommitment
46209000 usd
CY2022Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
5004798000 usd
CY2021Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
4919343000 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
168400000 usd
CY2022Q4 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
FinancingReceivableAllowanceForCreditLossesLoansHeldForInvestmentAndUnfundedLoanCommitment
214600000 usd
CY2022 trtx Financing Receivable Allowance For Credit Loss Increase Decrease Individually Asses Loans
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIndividuallyAssesLoans
84500000 usd
CY2022 trtx Financing Receivable Allowance For Credit Loss Increase Decrease Increased Loan Origination
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIncreasedLoanOrigination
26200000 usd
CY2022 trtx Financing Receivable Allowance For Credit Loss Increase Decrease From Macroeconomic Events
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseFromMacroeconomicEvents
70000000 usd
CY2022 trtx Financing Receivable Allowance For Credit Loss Increase Decrease Increased Repayments
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIncreasedRepayments
-12400000 usd
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-16600000 usd
CY2021 trtx Financing Receivable Allowance For Credit Loss Increase Decrease Loan Repayments
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseLoanRepayments
24100000 usd
CY2021 trtx Financing Receivable Allowance For Credit Loss Increase Decrease From Macroeconomic Events
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseFromMacroeconomicEvents
5900000 usd
CY2021 trtx Financing Receivable Allowance For Credit Loss Increase Decrease Increased Loan Origination
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIncreasedLoanOrigination
13400000 usd
CY2022Q4 trtx Number Of Loans Satisfying Criteria For Individual Assessment
NumberOfLoansSatisfyingCriteriaForIndividualAssessment
4 loan
CY2022Q4 trtx Number Of Loans On Non Accrual Status
NumberOfLoansOnNonAccrualStatus
1 loan
CY2022Q4 trtx Number Of Loans Satisfying Criteria For Individual Assessment
NumberOfLoansSatisfyingCriteriaForIndividualAssessment
4 loan
CY2022Q4 trtx Number Of Loans Not On Non Accrual Status
NumberOfLoansNotOnNonAccrualStatus
3 loan
CY2022Q4 trtx Loans Accrued Interest Income
LoansAccruedInterestIncome
0 usd
CY2021Q4 trtx Loans Accrued Interest Income
LoansAccruedInterestIncome
0 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4978674000 usd
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
4909202000 usd
CY2021Q4 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
3028000 usd
CY2020Q4 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
4701000 usd
CY2022Q1 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
0 usd
CY2021Q1 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
816000 usd
CY2022Q1 trtx Paid In Kind Interest Repayment
PaidInKindInterestRepayment
313000 usd
CY2021Q1 trtx Paid In Kind Interest Repayment
PaidInKindInterestRepayment
0 usd
CY2022Q1 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
2715000 usd
CY2021Q1 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
5517000 usd
CY2022Q2 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
0 usd
CY2021Q2 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
360000 usd
CY2022Q2 trtx Paid In Kind Interest Repayment
PaidInKindInterestRepayment
300000 usd
CY2021Q2 trtx Paid In Kind Interest Repayment
PaidInKindInterestRepayment
1034000 usd
CY2022Q2 trtx Write Off Of Accrued Pik Interest
WriteOffOfAccruedPIKInterest
0 usd
CY2021Q2 trtx Write Off Of Accrued Pik Interest
WriteOffOfAccruedPIKInterest
690000 usd
CY2022Q2 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
2415000 usd
CY2021Q2 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
4153000 usd
CY2022Q3 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
0 usd
CY2021Q3 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
209000 usd
CY2022Q3 trtx Paid In Kind Interest Repayment
PaidInKindInterestRepayment
0 usd
CY2021Q3 trtx Paid In Kind Interest Repayment
PaidInKindInterestRepayment
871000 usd
CY2022Q3 trtx Write Off Of Accrued Pik Interest
WriteOffOfAccruedPIKInterest
0 usd
CY2021Q3 trtx Write Off Of Accrued Pik Interest
WriteOffOfAccruedPIKInterest
0 usd
CY2022Q3 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
2415000 usd
CY2021Q3 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
3491000 usd
CY2022Q4 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
0 usd
CY2021Q4 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
0 usd
CY2022Q4 trtx Paid In Kind Interest Repayment
PaidInKindInterestRepayment
701000 usd
CY2021Q4 trtx Paid In Kind Interest Repayment
PaidInKindInterestRepayment
120000 usd
CY2022Q4 trtx Write Off Of Accrued Pik Interest
WriteOffOfAccruedPIKInterest
0 usd
CY2021Q4 trtx Write Off Of Accrued Pik Interest
WriteOffOfAccruedPIKInterest
343000 usd
CY2022Q4 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
1714000 usd
CY2021Q4 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
3028000 usd
CY2022 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
0 usd
CY2021Q4 trtx Capital Loss Carry Forward Used To Offset Gains
CapitalLossCarryForwardUsedToOffsetGains
15800000 usd
CY2021Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
203400000 usd
CY2022Q2 trtx Capital Loss Carry Forward Used To Offset Gains
CapitalLossCarryForwardUsedToOffsetGains
13300000 usd
CY2022Q2 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
187600000 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
9000000 usd
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
10300000 usd
CY2022Q4 trtx Other Loan Held For Investment Net
OtherLoanHeldForInvestmentNet
2900000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4179211000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3722199000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1281462000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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CY2021 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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CY2022 trtx Dividends Common Stock Paidinkind Shares
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CY2022Q4 trtx Unfunded Commitments Loans Held For Investment
UnfundedCommitmentsLoansHeldForInvestment
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CY2021Q4 trtx Unfunded Commitments Loans Held For Investment
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1.000
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1.000
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1700000 usd
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LoanCommitmentCapitalizedInterestCosts
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CY2021 trtx Commitment Related To Non Performing Retail Loan Held For Investment
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LoanCommitmentPrincipalAmount
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UnfundedCommitmentsRelatedToLoansReceivable
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PercentageOfLoanCommitmentPrincipalAmount
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UnfundedCommitmentsRelatedToLoansReceivable
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PercentageOfLoanCommitmentPrincipalAmount
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PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
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LoanCommitmentCapitalizedInterestCosts
1700000 usd
CY2021Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
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CY2022Q1 trtx Commitment Related To Non Performing Retail Loan Held For Investment
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7800000 usd
CY2022Q4 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment
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197272000 usd
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4781402000 usd
CY2022Q4 srt Mortgage Loans On Real Estate Federal Income Tax Basis1
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5000000000 usd
CY2022Q4 trtx Financing Receivable Allowance For Credit Losses Loans Held For Investment
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CY2022Q4 trtx Number Of Loans Satisfying Criteria For Individual Assessment
NumberOfLoansSatisfyingCriteriaForIndividualAssessment
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CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4867203000 usd
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
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CY2019Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
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1519406000 usd
CY2021 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
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1623585000 usd
CY2020 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
430050000 usd
CY2022 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
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CY2021 us-gaap Mortgage Loans On Real Estate Other Additions
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CY2022 trtx Mortgage Loans On Real Estate Amortization Of Discount And Origination Fees
MortgageLoansOnRealEstateAmortizationOfDiscountAndOriginationFees
11085000 usd
CY2021 trtx Mortgage Loans On Real Estate Amortization Of Discount And Origination Fees
MortgageLoansOnRealEstateAmortizationOfDiscountAndOriginationFees
7203000 usd
CY2020 trtx Mortgage Loans On Real Estate Amortization Of Discount And Origination Fees
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11345000 usd
CY2022 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1506870000 usd
CY2021 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1236032000 usd
CY2020 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
885565000 usd
CY2022 trtx Mortgage Loans On Real Estate Collection Of Accrued Pik Interest
MortgageLoansOnRealEstateCollectionOfAccruedPIKInterest
1314000 usd
CY2021 trtx Mortgage Loans On Real Estate Collection Of Accrued Pik Interest
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0 usd
CY2020 trtx Mortgage Loans On Real Estate Collection Of Accrued Pik Interest
MortgageLoansOnRealEstateCollectionOfAccruedPIKInterest
0 usd
CY2022 trtx Mortgage Loans On Real Estate Write Off
MortgageLoansOnRealEstateWriteOff
4400000 usd
CY2021 trtx Mortgage Loans On Real Estate Write Off
MortgageLoansOnRealEstateWriteOff
0 usd
CY2020 trtx Mortgage Loans On Real Estate Write Off
MortgageLoansOnRealEstateWriteOff
0 usd
CY2022 trtx Mortgage Loans On Real Estate Loan Sales
MortgageLoansOnRealEstateLoanSales
0 usd
CY2021 trtx Mortgage Loans On Real Estate Loan Sales
MortgageLoansOnRealEstateLoanSales
147986000 usd
CY2020 trtx Mortgage Loans On Real Estate Loan Sales
MortgageLoansOnRealEstateLoanSales
145675000 usd
CY2022 trtx Mortgage Loans On Real Estate Loan Extinguishment On Conversion To Reo
MortgageLoansOnRealEstateLoanExtinguishmentOnConversionToREO
89234000 usd
CY2021 trtx Mortgage Loans On Real Estate Loan Extinguishment On Conversion To Reo
MortgageLoansOnRealEstateLoanExtinguishmentOnConversionToREO
0 usd
CY2020 trtx Mortgage Loans On Real Estate Loan Extinguishment On Conversion To Reo
MortgageLoansOnRealEstateLoanExtinguishmentOnConversionToREO
112000000 usd
CY2022 trtx Mortgage Loans On Real Estate Allowance For Credit Losses
MortgageLoansOnRealEstateAllowanceForCreditLosses
-159673000 usd
CY2021 trtx Mortgage Loans On Real Estate Allowance For Credit Losses
MortgageLoansOnRealEstateAllowanceForCreditLosses
17941000 usd
CY2020 trtx Mortgage Loans On Real Estate Allowance For Credit Losses
MortgageLoansOnRealEstateAllowanceForCreditLosses
-59940000 usd
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4781402000 usd
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4867203000 usd
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4456460000 usd

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