$TRTX
TPG RE Finance Trust, Inc.

2023 Q3 Form 10-Q Financial Statement

#000163047223000021 Filed on August 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $97.50M $103.2M
YoY Change 26.86% 54.84%
Cost Of Revenue $7.500M $7.811M
YoY Change 0.35% -38.41%
Gross Profit $90.10M $95.39M
YoY Change 29.86% 76.76%
Gross Profit Margin 92.41% 92.43%
Selling, General & Admin $1.900M $3.074M
YoY Change -10.76% 35.0%
% of Gross Profit 2.11% 3.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $400.0K $200.0K
YoY Change
% of Gross Profit 0.44% 0.21%
Operating Expenses $4.900M $4.922M
YoY Change 130.16% 116.16%
Operating Profit $85.20M $90.47M
YoY Change 26.68% 75.02%
Interest Expense $70.50M -$70.57M
YoY Change 56.41% -351.96%
% of Operating Profit 82.74% -78.0%
Other Income/Expense, Net $12.42M $12.73M
YoY Change 29.32% -14.88%
Pretax Income -$61.21M -$69.17M
YoY Change -46.53% 1201.13%
Income Tax $5.000K $5.000K
% Of Pretax Income
Net Earnings -$61.21M -$72.72M
YoY Change -46.59% 1238.31%
Net Earnings / Revenue -62.78% -70.47%
Basic Earnings Per Share -$0.83 -$0.94
Diluted Earnings Per Share -$0.83 -$0.94
COMMON SHARES
Basic Shares Outstanding 77.73M shares 77.41M shares
Diluted Shares Outstanding 77.73M shares 77.42M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $302.3M $307.4M
YoY Change 28.04% -13.64%
Cash & Equivalents $302.3M $307.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $5.400M $83.50M
Other Receivables $35.20M $34.82M
Total Short-Term Assets $342.9M $425.8M
YoY Change 20.61% -33.95%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $100.0K $242.0K
YoY Change -79.34% -69.33%
Total Long-Term Assets $4.114B $4.558B
YoY Change -23.51% -4.05%
TOTAL ASSETS
Total Short-Term Assets $342.9M $425.8M
Total Long-Term Assets $4.114B $4.558B
Total Assets $4.457B $4.984B
YoY Change -21.3% -7.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.500M $5.949M
YoY Change -6.87% -46.11%
Accrued Expenses $49.00M $44.60M
YoY Change 53.27% 102.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $73.40M $69.52M
YoY Change 29.71% 34.24%
LONG-TERM LIABILITIES
Long-Term Debt $3.245B $3.693B
YoY Change -24.51% -5.31%
Other Long-Term Liabilities $1.000M $1.547M
YoY Change -39.5% 45.39%
Total Long-Term Liabilities $3.246B $3.695B
YoY Change -24.51% -5.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $73.40M $69.52M
Total Long-Term Liabilities $3.246B $3.695B
Total Liabilities $3.320B $3.764B
YoY Change -23.81% -4.78%
SHAREHOLDERS EQUITY
Retained Earnings -$584.3M -$501.1M
YoY Change 42.83% 83.78%
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 $1.137B $1.220B
YoY Change
Total Liabilities & Shareholders Equity $4.457B $4.984B
YoY Change -21.3% -7.62%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$61.21M -$72.72M
YoY Change -46.59% 1238.31%
Depreciation, Depletion And Amortization $400.0K $200.0K
YoY Change
Cash From Operating Activities $26.10M $7.313M
YoY Change 49.42% -77.47%
INVESTING ACTIVITIES
Capital Expenditures $2.300M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $443.7M $479.6M
YoY Change -186.79% 378.51%
Cash From Investing Activities $441.3M $479.6M
YoY Change -186.32% 378.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -472.8M -341.4M
YoY Change -226.56% 166.05%
NET CHANGE
Cash From Operating Activities 26.10M 7.313M
Cash From Investing Activities 441.3M 479.6M
Cash From Financing Activities -472.8M -341.4M
Net Change In Cash -5.400M 145.5M
YoY Change -95.51% 3234.58%
FREE CASH FLOW
Cash From Operating Activities $26.10M $7.313M
Capital Expenditures $2.300M
Free Cash Flow $23.80M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1464706000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1266000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
23781000 usd
CY2022Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3148000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.24
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
18697000 usd
us-gaap Profit Loss
ProfitLoss
-61798000 usd
us-gaap Profit Loss
ProfitLoss
18347000 usd
trtx Amortization And Accretion Of Premiums Discounts And Loan Origination Fees Net
AmortizationAndAccretionOfPremiumsDiscountsAndLoanOriginationFeesNet
7705000 usd
trtx Amortization And Accretion Of Premiums Discounts And Loan Origination Fees Net
AmortizationAndAccretionOfPremiumsDiscountsAndLoanOriginationFeesNet
3627000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
7437000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
7400000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
964000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
0 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-131000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
0 usd
trtx Decrease Increase Of Accrued Capitalized Interest
DecreaseIncreaseOfAccruedCapitalizedInterest
-542000 usd
trtx Decrease Increase Of Accrued Capitalized Interest
DecreaseIncreaseOfAccruedCapitalizedInterest
-613000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
13291000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3617000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2594000 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
96853000 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
47174000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-654000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-50000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-8061000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2260000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-4704000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
757000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-612000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1577000 usd
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-35000 usd
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
5430000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
88000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-302000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
12445000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-611000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
65073000 usd
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
688537000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
73913000 usd
us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
47144000 usd
us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
541215000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-105580000 usd
us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
318231000 usd
us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
811100000 usd
us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
0 usd
us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
907031000 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
7480000 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
124202000 usd
trtx Payment For Proceeds From Financing Costs
PaymentForProceedsFromFinancingCosts
1071000 usd
trtx Payment For Proceeds From Financing Costs
PaymentForProceedsFromFinancingCosts
10242000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-518629000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
136251000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
53372000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
95744000 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
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
307687000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
356783000 usd
us-gaap Interest Paid Net
InterestPaidNet
136215000 usd
us-gaap Interest Paid Net
InterestPaidNet
41604000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
217000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
125000 usd
trtx Collateralized Loan Obligation Proceeds Held At Trustee
CollateralizedLoanObligationProceedsHeldAtTrustee
103109000 usd
trtx Collateralized Loan Obligation Proceeds Held At Trustee
CollateralizedLoanObligationProceedsHeldAtTrustee
130704000 usd
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
18969000 usd
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
18726000 usd
trtx Principal Repayments Of Loans Held For Investment Held By Servicer Trustee Net
PrincipalRepaymentsOfLoansHeldForInvestmentHeldByServicerTrusteeNet
79041000 usd
trtx Principal Repayments Of Loans Held For Investment Held By Servicer Trustee Net
PrincipalRepaymentsOfLoansHeldForInvestmentHeldByServicerTrusteeNet
259595000 usd
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
46000000 usd
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 usd
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
490000 usd
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
388000 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>
us-gaap Revenue Recognition Interest
RevenueRecognitionInterest
<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%">Revenue Recognition</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%">Interest income on loans is accrued using the interest method based on the contractual terms of the loan, adjusted for expected or realized credit losses, if any. The objective of the interest method is to arrive at periodic interest income, including recognition of fees and costs, at a constant effective yield. Premiums, discounts, and origination fees are amortized or accreted into interest income over the lives of the loans using the interest method, or on a straight-line basis when it approximates the interest method. Extension and modification fees are accreted into interest income on a straight-line basis, when it approximates the interest method, over the related extension or modification period. Exit fees are accreted into interest income on a straight-line basis, when it approximates the interest method, over the lives of the loans to which they relate unless they can be waived by the Company or a co-lender in connection with a loan refinancing, or if timely collection of principal and interest is doubtful. Prepayment penalties from borrowers are recognized as interest income when received. Certain of the Company’s loan investments have in the past, and may in the future, provide for additional interest based on the borrower’s operating cash flow or appreciation in the value of the underlying collateral. Such amounts are considered contingent interest and are reflected as interest income only upon certainty of collection. Certain of the Company’s loan investments have in the past, and may in the future, provide for the accrual of interest (in part, or in whole) instead of its current payment in cash, with the accrued interest (“PIK interest”) added to the unpaid principal balance of the loan. Such PIK interest is recognized currently as interest income unless the Company concludes eventual collection is unlikely, in which case the PIK interest is written off.</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%">All interest accrued but not received for loans placed on non-accrual status is subtracted from interest income at the time the loan is placed on non-accrual status. Based on the Company’s judgment as to the collectability of principal, a loan on non-accrual status is either accounted for on a cash basis, where interest income is recognized only upon receipt of cash for interest payments, or on a cost-recovery basis, where all cash receipts reduce the loan’s carrying value, and interest income is only recorded when such carrying value has been fully recovered.</span></div>
trtx Percentage Of Senior Mortgage Loan Transferred To Third Party
PercentageOfSeniorMortgageLoanTransferredToThirdParty
1
CY2022Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
426061000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
4547594000 usd
CY2022Q4 trtx Maximum Insured Amount Of Each Cash Account
MaximumInsuredAmountOfEachCashAccount
250000 usd
CY2023Q2 us-gaap Cash
Cash
18400000 usd
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
200000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
307400000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
300000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
254100000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
4978674000 usd
CY2023Q2 trtx Number Of Assets That Changed Interest Rate Method
NumberOfAssetsThatChangedInterestRateMethod
59 asset
CY2023Q2 trtx Total Number Of Assets
TotalNumberOfAssets
63 asset
CY2023Q2 us-gaap Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
22500000 usd
CY2022Q4 us-gaap Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
26400000 usd
CY2023Q2 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
47800000 usd
CY2023Q2 trtx Number Of Loans Sold
NumberOfLoansSold
1 loan
CY2023Q2 trtx Number Of Loans
NumberOfLoans
63 loan
CY2022Q4 trtx Number Of Loans
NumberOfLoans
70 loan
CY2023Q2 trtx Percentage Of Loans And Leases Receivable
PercentageOfLoansAndLeasesReceivable
1.000
CY2022Q4 trtx Percentage Of Loans And Leases Receivable
PercentageOfLoansAndLeasesReceivable
1.000
CY2023Q2 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
4869045000 usd
CY2022Q4 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5429146000 usd
CY2023Q2 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4567250000 usd
CY2022Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
5004798000 usd
CY2023Q2 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
300502000 usd
CY2023Q2 trtx Loans And Leases Receivable Weighted Average Credit Spread
LoansAndLeasesReceivableWeightedAverageCreditSpread
0.036
CY2022Q4 trtx Loans And Leases Receivable Weighted Average Credit Spread
LoansAndLeasesReceivableWeightedAverageCreditSpread
0.034
CY2022Q4 trtx Loans And Leases Receivable Weighted Average Credit Spread
LoansAndLeasesReceivableWeightedAverageCreditSpread
0.034
srt Financing Receivable Before Allowance For Credit Loss Average Yield
FinancingReceivableBeforeAllowanceForCreditLossAverageYield
0.089
CY2022 srt Financing Receivable Before Allowance For Credit Loss Average Yield
FinancingReceivableBeforeAllowanceForCreditLossAverageYield
0.081
us-gaap Financing Receivable Modified Weighted Average Term Increase From Modification
FinancingReceivableModifiedWeightedAverageTermIncreaseFromModification
P2Y6M
CY2022 us-gaap Financing Receivable Modified Weighted Average Term Increase From Modification
FinancingReceivableModifiedWeightedAverageTermIncreaseFromModification
P2Y9M18D
CY2023Q2 trtx Number Of Non Consolidated Senior Interest
NumberOfNonConsolidatedSeniorInterest
0 loan
CY2022Q4 trtx Number Of Non Consolidated Senior Interest
NumberOfNonConsolidatedSeniorInterest
0 loan
us-gaap Paid In Kind Interest
PaidInKindInterest
1200000 usd
CY2022 us-gaap Paid In Kind Interest
PaidInKindInterest
1700000 usd
CY2023Q2 trtx Percentage Of Loans Subject To Yield Maintenance Or Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceOrOtherPrepaymentRestrictions
0.198
CY2023Q2 trtx Percentage Of Loans Open To Repayment By Borrower Without Penalty
PercentageOfLoansOpenToRepaymentByBorrowerWithoutPenalty
0.802
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4781402000 usd
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
109922000 usd
us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
84544000 usd
us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
7705000 usd
srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
503244000 usd
trtx Mortgage Loans On Real Estate Collection Of Accrued Paid In Kind Interest
MortgageLoansOnRealEstateCollectionOfAccruedPaidInKindInterest
542000 usd
trtx Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Collection Of Cost Recovery Proceeds
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateCollectionOfCostRecoveryProceeds
3167000 usd
us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
71269000 usd
us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
55029000 usd
trtx Mortgage Loans On Real Estate Change In Allowance For Credit Losses
MortgageLoansOnRealEstateChangeInAllowanceForCreditLosses
-52972000 usd
CY2023Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4297350000 usd
CY2023Q2 trtx Number Of Loans Sold
NumberOfLoansSold
1 loan
CY2023Q2 us-gaap Financing Receivable Sale
FinancingReceivableSale
71300000 usd
CY2023Q2 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
47800000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
-24100000 usd
CY2023Q2 trtx Gain Loss On Sale Of Financing Receivable Investment Transaction Expense
GainLossOnSaleOfFinancingReceivableInvestmentTransactionExpense
-600000 usd
CY2023Q2 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
-6800000 usd
CY2022Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
-7900000 usd
CY2023Q2 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
-12900000 usd
CY2022Q4 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
-18200000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
110329000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
1003906000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
1722599000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
219194000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
1108206000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
383360000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
1006831000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
1905539000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
289315000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
1216490000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
508957000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
51542000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
4978674000 usd
CY2023Q2 trtx Weighted Average Risk Rating
WeightedAverageRiskRating
3.2 rating
CY2023Q2 trtx Financing Receivable Allowance For Credit Loss Excluding Accrued Interest And Off Balance Sheet Credit Loss Liability
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestAndOffBalanceSheetCreditLossLiability
278285000 usd
CY2022Q2 trtx Financing Receivable Allowance For Credit Loss Excluding Accrued Interest And Off Balance Sheet Credit Loss Liability
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestAndOffBalanceSheetCreditLossLiability
93383000 usd
CY2023Q2 trtx Financing Receivable Allowance For Credit Loss Excluding Accrued Interest And Off Balance Sheet Credit Loss Liability
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestAndOffBalanceSheetCreditLossLiability
278285000 usd
CY2022Q2 trtx Financing Receivable Allowance For Credit Loss Excluding Accrued Interest And Off Balance Sheet Credit Loss Liability
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestAndOffBalanceSheetCreditLossLiability
93383000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
250244000 usd
CY2023Q2 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
28041000 usd
CY2023Q2 trtx Financing Receivable Allowance For Credit Loss Excluding Accrued Interest And Off Balance Sheet Credit Loss Liability
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestAndOffBalanceSheetCreditLossLiability
278285000 usd
CY2023Q2 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4567250000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
197272000 usd
CY2022Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
17314000 usd
CY2022Q4 trtx Financing Receivable Allowance For Credit Loss Excluding Accrued Interest And Off Balance Sheet Credit Loss Liability
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestAndOffBalanceSheetCreditLossLiability
214586000 usd
CY2022Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
5004798000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Period Increase Decrease
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossPeriodIncreaseDecrease
55900000 usd
CY2023Q2 trtx Financing Receivable Allowance For Credit Loss Increase Decrease From Macroeconomic Events
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseFromMacroeconomicEvents
23400000 usd
CY2023Q2 trtx Financing Receivable Allowance For Credit Loss Increase Decrease Individually Asses Loans As A Result Of Local Market Fundamentals
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIndividuallyAssesLoansAsAResultOfLocalMarketFundamentals
10800000 usd
CY2023Q2 trtx Financing Receivable Allowance For Credit Loss Increase Decrease Individually Asses Loans
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIndividuallyAssesLoans
57400000 usd
CY2023Q2 trtx Number Of Loans Related To Financing Receivable Allowance For Credit Loss
NumberOfLoansRelatedToFinancingReceivableAllowanceForCreditLoss
3 loan
CY2023Q2 trtx Number Of Office Property Related To Financing Receivable Allowance For Credit Loss
NumberOfOfficePropertyRelatedToFinancingReceivableAllowanceForCreditLoss
2 property
CY2023Q2 trtx Number Of Mixed Use Property Related To Financing Receivable Allowance For Credit Loss
NumberOfMixedUsePropertyRelatedToFinancingReceivableAllowanceForCreditLoss
1 property
CY2023Q2 trtx Financing Receivable Allowance For Credit Loss Increase Decrease From Sale Of Office Property
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseFromSaleOfOfficeProperty
-24100000 usd
CY2023Q2 trtx Financing Receivable Allowance For Credit Loss Increase Decrease From Conversion Of Office Property
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseFromConversionOfOfficeProperty
-9000000 usd
CY2023Q2 trtx Financing Receivable Allowance For Credit Loss Increase Decrease Increased Repayments
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIncreasedRepayments
-2600000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Period Increase Decrease
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossPeriodIncreaseDecrease
63700000 usd
CY2023Q2 trtx Financing Receivable Allowance For Credit Loss Excluding Accrued Interest And Off Balance Sheet Credit Loss Liability
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestAndOffBalanceSheetCreditLossLiability
278300000 usd
trtx Financing Receivable Allowance For Credit Loss Increase Decrease Individually Asses Loans
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIndividuallyAssesLoans
57400000 usd
trtx Number Of Loans Related To Financing Receivable Allowance For Credit Loss
NumberOfLoansRelatedToFinancingReceivableAllowanceForCreditLoss
3 loan
trtx Number Of Office Property Related To Financing Receivable Allowance For Credit Loss
NumberOfOfficePropertyRelatedToFinancingReceivableAllowanceForCreditLoss
2 property
trtx Number Of Mixed Use Property Related To Financing Receivable Allowance For Credit Loss
NumberOfMixedUsePropertyRelatedToFinancingReceivableAllowanceForCreditLoss
1 property
trtx Financing Receivable Allowance For Credit Loss Increase Decrease From Macroeconomic Events
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseFromMacroeconomicEvents
52600000 usd
trtx Financing Receivable Allowance For Credit Loss Increase Decrease Increased Loan Origination
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIncreasedLoanOrigination
800000 usd
trtx Financing Receivable Allowance For Credit Loss Increase Decrease From Sale Of Office Property
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseFromSaleOfOfficeProperty
-24100000 usd
trtx Financing Receivable Allowance For Credit Loss Increase Decrease From Conversion Of Office Property
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseFromConversionOfOfficeProperty
-9000000 usd
trtx Financing Receivable Allowance For Credit Loss Increase Decrease Individually Asses Loans Related To Improved Collateral Fundamentals
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIndividuallyAssesLoansRelatedToImprovedCollateralFundamentals
-9700000 usd
trtx Financing Receivable Allowance For Credit Loss Increase Decrease Increased Repayments
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIncreasedRepayments
-4100000 usd
CY2023Q2 trtx Number Of Loans Satisfying Criteria For Individual Assessment
NumberOfLoansSatisfyingCriteriaForIndividualAssessment
5 loan
CY2023Q2 trtx Number Of Loans On Non Accrual Status
NumberOfLoansOnNonAccrualStatus
4 loan
CY2023Q2 trtx Number Of Loans Satisfying Criteria For Individual Assessment
NumberOfLoansSatisfyingCriteriaForIndividualAssessment
5 loan
CY2023Q2 trtx Number Of Loans On Cost Recovery Status
NumberOfLoansOnCostRecoveryStatus
1 loan
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Period Increase Decrease
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossPeriodIncreaseDecrease
42300000 usd
CY2022Q2 trtx Number Of Loans Repaid In Full
NumberOfLoansRepaidInFull
7 loan
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Period Increase Decrease
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossPeriodIncreaseDecrease
47200000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
93400000 usd
trtx Financing Receivable Allowance For Credit Loss Increase Decrease Increased Loan Origination
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIncreasedLoanOrigination
535100000 usd
trtx Financing Receivable Allowance For Credit Loss Increase Decrease Increased Repayments
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIncreasedRepayments
804400000 usd
CY2023Q2 trtx Loans Accrued Interest Income
LoansAccruedInterestIncome
0 usd
CY2022Q4 trtx Loans Accrued Interest Income
LoansAccruedInterestIncome
0 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
4547594000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
4978674000 usd
CY2023Q2 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
1200000 usd
trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
0 usd
CY2022Q4 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
1714000 usd
CY2023Q1 trtx Paid In Kind Interest Repayment
PaidInKindInterestRepayment
542000 usd
CY2023Q1 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
1172000 usd
CY2023Q2 trtx Paid In Kind Interest Accrued
PaidInKindInterestAccrued
0 usd
CY2023Q2 trtx Paid In Kind Interest Repayment
PaidInKindInterestRepayment
0 usd
CY2023Q2 trtx Write Off Of Accrued Pik Interest
WriteOffOfAccruedPIKInterest
0 usd
CY2023Q2 trtx Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
1172000 usd
CY2023Q2 trtx Asset Acquisition Above Market Lease Intangibles
AssetAcquisitionAboveMarketLeaseIntangibles
556000 usd
CY2023Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
825000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
825000 usd
CY2023Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
248000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
248000 usd
CY2023Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1073000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1073000 usd
CY2023Q2 trtx Real Estate Owned Other Operating Income
RealEstateOwnedOtherOperatingIncome
455000 usd
trtx Real Estate Owned Other Operating Income
RealEstateOwnedOtherOperatingIncome
455000 usd
CY2023Q2 trtx Revenue From Real Estate Owned Operations
RevenueFromRealEstateOwnedOperations
1528000 usd
trtx Revenue From Real Estate Owned Operations
RevenueFromRealEstateOwnedOperations
1528000 usd
CY2023Q2 trtx Real Estate Owned Operating Expense
RealEstateOwnedOperatingExpense
884000 usd
trtx Real Estate Owned Operating Expense
RealEstateOwnedOperatingExpense
884000 usd
CY2023Q2 trtx Real Estate Owned Depreciation And Amortization
RealEstateOwnedDepreciationAndAmortization
964000 usd
trtx Real Estate Owned Depreciation And Amortization
RealEstateOwnedDepreciationAndAmortization
964000 usd
CY2023Q2 trtx Expenses From Real Estate Owned Operations
ExpensesFromRealEstateOwnedOperations
1848000 usd
trtx Expenses From Real Estate Owned Operations
ExpensesFromRealEstateOwnedOperations
1848000 usd
CY2023Q2 us-gaap Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
-320000 usd
us-gaap Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
-320000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
200000 usd
us-gaap Depreciation
Depreciation
200000 usd
CY2022Q4 trtx Participating Mortgage Loans Minimum Conversion
ParticipatingMortgageLoansMinimumConversion
0.50
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
9954000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
747000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9207000 usd
CY2023Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
2642000 usd
CY2023Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
151000 usd
CY2023Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
2491000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
1514000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
4063000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
4058000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
3386000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
3064000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
2790000 usd
CY2023Q2 trtx Lessor Operating Lease Payment To Be Received After Year Five
LessorOperatingLeasePaymentToBeReceivedAfterYearFive
15403000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
34278000 usd
CY2023Q2 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P6Y
CY2023Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
6600000 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
9000000 usd
CY2023Q2 trtx Other Loan Held For Investment Net
OtherLoanHeldForInvestmentNet
3200000 usd
CY2023Q2 trtx Participating Mortgage Loans Minimum Conversion
ParticipatingMortgageLoansMinimumConversion
0.50
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3705887000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4179211000 usd
CY2023Q2 trtx Debt Instrument Extension Term
DebtInstrumentExtensionTerm
P3Y
CY2023Q2 trtx Number Of Credit Facilities
NumberOfCreditFacilities
5 loan
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
731833000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
865083000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1054453000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
276303000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
56810000 usd
CY2023Q2 trtx Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
721405000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
3705887000 usd
CY2023Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
199100000 usd
CY2022Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
145100000 usd
trtx Threshold Period Of Delinquency To Consider Loan Nonperforming And Place On Nonaccrual Status
ThresholdPeriodOfDelinquencyToConsiderLoanNonperformingAndPlaceOnNonaccrualStatus
P90D
CY2023Q2 trtx Loans Held For Investment Fair Value Disclosure Nonrecurring
LoansHeldForInvestmentFairValueDisclosureNonrecurring
4500000000 usd
CY2022Q4 trtx Loans Held For Investment Fair Value Disclosure Nonrecurring
LoansHeldForInvestmentFairValueDisclosureNonrecurring
4900000000 usd
CY2023Q2 trtx Loans Held For Investment Weighted Average Gross Credit Spread
LoansHeldForInvestmentWeightedAverageGrossCreditSpread
0.0364
CY2022Q4 trtx Loans Held For Investment Weighted Average Gross Credit Spread
LoansHeldForInvestmentWeightedAverageGrossCreditSpread
0.0344
trtx Loans Held For Investment Weighted Average Maturity Period
LoansHeldForInvestmentWeightedAverageMaturityPeriod
P2Y6M
CY2022 trtx Loans Held For Investment Weighted Average Maturity Period
LoansHeldForInvestmentWeightedAverageMaturityPeriod
P2Y9M18D
CY2023Q2 trtx Excise Tax Percentage
ExciseTaxPercentage
1
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 usd
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 usd
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0 usd
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 usd
CY2023Q2 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
0 usd
CY2022Q2 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
100000 usd
us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
200000 usd
us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
200000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.005
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.003
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
13300000 usd
CY2023Q2 trtx Remaining Capital Loss Carry Forwards
RemainingCapitalLossCarryForwards
174300000 usd
trtx Incentive Management Fee Percentage Of Core Earnings Less Seven Percent Of Stockholders Equity
IncentiveManagementFeePercentageOfCoreEarningsLessSevenPercentOfStockholdersEquity
0.20
CY2023Q2 trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
5949000 usd
CY2022Q2 trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
11039000 usd
trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
11968000 usd
trtx Management Fees And Incentive Management Fees Incurred
ManagementFeesAndIncentiveManagementFeesIncurred
16748000 usd
CY2023Q2 trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
6019000 usd
CY2022Q2 trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
5709000 usd
trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
12003000 usd
trtx Management Fees And Incentive Management Fees Paid
ManagementFeesAndIncentiveManagementFeesPaid
11318000 usd
CY2023Q2 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
400000 usd
CY2023Q2 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
400000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
200000 usd
CY2022Q2 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
200000 usd
us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
800000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
800000 usd
us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
400000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
400000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-69173000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-5434000 usd
us-gaap Net Income Loss
NetIncomeLoss
-61798000 usd
us-gaap Net Income Loss
NetIncomeLoss
18347000 usd
CY2023Q2 trtx Dividends Preferred Stock Paid And Accrued
DividendsPreferredStockPaidAndAccrued
3148000 usd
CY2022Q2 trtx Dividends Preferred Stock Paid And Accrued
DividendsPreferredStockPaidAndAccrued
3148000 usd
trtx Dividends Preferred Stock Paid And Accrued
DividendsPreferredStockPaidAndAccrued
6296000 usd
trtx Dividends Preferred Stock Paid And Accrued
DividendsPreferredStockPaidAndAccrued
6296000 usd
CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
403000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
226000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
807000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
423000 usd
CY2023Q2 us-gaap Undistributed Earnings
UndistributedEarnings
-72724000 usd
CY2022Q2 us-gaap Undistributed Earnings
UndistributedEarnings
-8808000 usd
us-gaap Undistributed Earnings
UndistributedEarnings
-68901000 usd
us-gaap Undistributed Earnings
UndistributedEarnings
11628000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77417566 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77188291 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77414006 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77186136 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2022Q2 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
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
4049470 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77417566 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77188291 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77414006 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81235606 shares
CY2022Q4 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5429146000 usd
CY2022Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
426061000 usd
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.94
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.89
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.94
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.89
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2020Q2 trtx Number Of Tranches
NumberOfTranches
3 tranche
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
19000000 usd
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
18700000 usd
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
19000000 usd
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
19000000 usd
CY2023Q2 trtx Dividends Common Stock Paidinkind Shares
DividendsCommonStockPaidinkindShares
3678 shares
trtx Dividends Common Stock Paidinkind Shares
DividendsCommonStockPaidinkindShares
7402 shares
CY2023Q2 trtx Unfunded Commitments Loans Held For Investment
UnfundedCommitmentsLoansHeldForInvestment
300500000 usd
CY2022Q4 trtx Unfunded Commitments Loans Held For Investment
UnfundedCommitmentsLoansHeldForInvestment
426100000 usd
CY2023Q2 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
4869045000 usd
CY2023Q2 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
300502000 usd
CY2023Q2 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2023Q2 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4567250000 usd
CY2023Q2 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2022Q4 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5429146000 usd
CY2022Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
426061000 usd
CY2022Q4 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2022Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
5004798000 usd
CY2022Q4 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2023Q2 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
1200000 usd
CY2022Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
1700000 usd
CY2023Q2 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
4869045000 usd
CY2023Q2 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
300502000 usd
CY2023Q2 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2023Q2 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
4567250000 usd
CY2023Q2 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2022Q4 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2022Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
5004798000 usd
CY2022Q4 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2023Q2 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
1200000 usd
CY2022Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
1700000 usd
CY2022Q4 trtx Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
5429146000 usd
CY2022Q4 trtx Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
426061000 usd
CY2022Q4 trtx Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
1.000
CY2022Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
5004798000 usd
CY2022Q4 trtx Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
1.000
CY2023Q2 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
1200000 usd
CY2022Q4 trtx Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
1700000 usd

Files In Submission

Name View Source Status
0001630472-23-000021-index-headers.html Edgar Link pending
0001630472-23-000021-index.html Edgar Link pending
0001630472-23-000021.txt Edgar Link pending
0001630472-23-000021-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
trtx-20230630.htm Edgar Link pending
trtx-20230630.xsd Edgar Link pending
trtx-20230630ex311.htm Edgar Link pending
trtx-20230630ex312.htm Edgar Link pending
trtx-20230630ex321.htm Edgar Link pending
trtx-20230630ex322.htm Edgar Link pending
trtx-20230630_g1.jpg Edgar Link pending
trtx-20230630_def.xml Edgar Link unprocessable
trtx-20230630_lab.xml Edgar Link unprocessable
trtx-20230630_pre.xml Edgar Link unprocessable
trtx-20230630_htm.xml Edgar Link completed
trtx-20230630_cal.xml Edgar Link unprocessable