2024 Q2 Form 10-Q Financial Statement
#000163047224000012 Filed on April 30, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| Revenue | $89.89M | $94.31M |
| YoY Change | -12.9% | -0.98% |
| Cost Of Revenue | $7.268M | $6.433M |
| YoY Change | -6.95% | -10.8% |
| Gross Profit | $82.62M | $87.88M |
| YoY Change | -13.39% | -0.18% |
| Gross Profit Margin | 91.91% | 93.18% |
| Selling, General & Admin | $2.874M | $2.658M |
| YoY Change | -6.51% | -1.56% |
| % of Gross Profit | 3.48% | 3.02% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $1.400M | $4.247M |
| YoY Change | 600.0% | |
| % of Gross Profit | 1.69% | 4.83% |
| Operating Expenses | $11.76M | $11.00M |
| YoY Change | 138.85% | 307.56% |
| Operating Profit | $70.87M | $76.87M |
| YoY Change | -21.67% | -9.92% |
| Interest Expense | -$50.59M | -$55.38M |
| YoY Change | -28.32% | -179.13% |
| % of Operating Profit | -71.39% | -72.04% |
| Other Income/Expense, Net | $19.02M | $17.44M |
| YoY Change | 49.41% | 75.92% |
| Pretax Income | $24.82M | $17.13M |
| YoY Change | -135.88% | 126.67% |
| Income Tax | $100.0K | $390.0K |
| % Of Pretax Income | 0.4% | 2.28% |
| Net Earnings | $24.72M | $13.06M |
| YoY Change | -133.98% | 77.02% |
| Net Earnings / Revenue | 27.49% | 13.84% |
| Basic Earnings Per Share | $0.26 | $0.17 |
| Diluted Earnings Per Share | $0.26 | $0.17 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 77.87M shares | 77.87M shares |
| Diluted Shares Outstanding | 80.91M shares | 77.87M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $259.2M | $203.1M |
| YoY Change | -15.68% | 25.73% |
| Cash & Equivalents | $259.2M | $203.1M |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $60.62M | $5.906M |
| Other Receivables | $27.81M | $31.05M |
| Total Short-Term Assets | $347.7M | $240.0M |
| YoY Change | -18.34% | -18.46% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $169.1M | $169.3M |
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $500.0K | $285.0K |
| YoY Change | 106.61% | -55.61% |
| Total Long-Term Assets | $3.349B | $3.589B |
| YoY Change | -26.53% | -29.48% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $347.7M | $240.0M |
| Total Long-Term Assets | $3.349B | $3.589B |
| Total Assets | $3.696B | $3.829B |
| YoY Change | -25.83% | -28.87% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $5.044M | $4.987M |
| YoY Change | -15.21% | -17.15% |
| Accrued Expenses | $22.53M | $25.99M |
| YoY Change | -49.5% | -30.71% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $47.37M | $50.14M |
| YoY Change | -31.86% | -19.77% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.524B | $2.657B |
| YoY Change | -31.67% | -33.72% |
| Other Long-Term Liabilities | $1.333M | $964.0K |
| YoY Change | -13.83% | -64.77% |
| Total Long-Term Liabilities | $2.525B | $2.658B |
| YoY Change | -31.66% | -33.75% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $47.37M | $50.14M |
| Total Long-Term Liabilities | $2.525B | $2.658B |
| Total Liabilities | $2.572B | $2.708B |
| YoY Change | -31.66% | -33.53% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$604.1M | -$605.8M |
| YoY Change | 20.56% | 47.85% |
| Common Stock | $81.00K | $78.00K |
| YoY Change | 5.19% | 1.3% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $1.124B | $1.121B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.696B | $3.829B |
| YoY Change | -25.83% | -28.87% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $24.72M | $13.06M |
| YoY Change | -133.98% | 77.02% |
| Depreciation, Depletion And Amortization | $1.400M | $4.247M |
| YoY Change | 600.0% | |
| Cash From Operating Activities | $25.55M | $37.37M |
| YoY Change | 249.42% | 59.21% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $1.567M | $1.397M |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $191.0M | $366.9M |
| YoY Change | -60.17% | 495.68% |
| Cash From Investing Activities | $189.5M | $365.5M |
| YoY Change | -60.5% | 493.41% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -158.6M | -406.5M |
| YoY Change | -53.53% | 129.4% |
| NET CHANGE | ||
| Cash From Operating Activities | 25.55M | 37.37M |
| Cash From Investing Activities | 189.5M | 365.5M |
| Cash From Financing Activities | -158.6M | -406.5M |
| Net Change In Cash | 56.37M | -3.656M |
| YoY Change | -61.26% | -96.03% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $25.55M | $37.37M |
| Capital Expenditures | $1.567M | $1.397M |
| Free Cash Flow | $23.99M | $35.97M |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q4 | us-gaap |
Financing Receivable Accrued Interest After Allowance For Credit Loss Statement Of Financial Position Extensible List
FinancingReceivableAccruedInterestAfterAllowanceForCreditLossStatementOfFinancialPositionExtensibleList
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http://www.tpg.com/20240331#AccruedInterestAndFeesReceivable | |
| CY2024Q1 | us-gaap |
Financing Receivable Accrued Interest After Allowance For Credit Loss Statement Of Financial Position Extensible List
FinancingReceivableAccruedInterestAfterAllowanceForCreditLossStatementOfFinancialPositionExtensibleList
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http://www.tpg.com/20240331#AccruedInterestAndFeesReceivable | |
| CY2024Q1 | us-gaap |
Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
|
http://www.tpg.com/20240331#RevenueFromRealEstateOwnedOperations | |
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Management And Service Fees Termination Period Average Compensation Earned
ManagementAndServiceFeesTerminationPeriodAverageCompensationEarned
|
P24M | |
| CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
55381000 | usd |
| CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
69990000 | usd |
| CY2024Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
26803000 | usd |
| CY2023Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
21736000 | usd |
| CY2024Q1 | us-gaap |
Noninterest Income Other
NoninterestIncomeOther
|
4902000 | usd |
| CY2023Q1 | us-gaap |
Noninterest Income Other
NoninterestIncomeOther
|
3519000 | usd |
| CY2024Q1 | trtx |
Revenue From Real Estate Owned Operations
RevenueFromRealEstateOwnedOperations
|
7222000 | usd |
| CY2023Q1 | trtx |
Revenue From Real Estate Owned Operations
RevenueFromRealEstateOwnedOperations
|
0 | usd |
| CY2024Q1 | us-gaap |
Noninterest Income
NoninterestIncome
|
12124000 | usd |
| CY2023Q1 | us-gaap |
Noninterest Income
NoninterestIncome
|
3519000 | usd |
| CY2024Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
975000 | usd |
| CY2023Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
1330000 | usd |
| CY2024Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
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986000 | usd |
| CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
896000 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1672000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1804000 | usd |
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Servicing And Asset Management Fees
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|
471000 | usd |
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Servicing And Asset Management Fees
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| CY2024Q1 | us-gaap |
Management Fee Expense
ManagementFeeExpense
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| CY2023Q1 | us-gaap |
Management Fee Expense
ManagementFeeExpense
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| CY2024Q1 | trtx |
Expenses From Real Estate Owned Operations
ExpensesFromRealEstateOwnedOperations
|
8346000 | usd |
| CY2023Q1 | trtx |
Expenses From Real Estate Owned Operations
ExpensesFromRealEstateOwnedOperations
|
0 | usd |
| CY2024Q1 | us-gaap |
Other Expenses
OtherExpenses
|
17437000 | usd |
| CY2023Q1 | us-gaap |
Other Expenses
OtherExpenses
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9912000 | usd |
| CY2024Q1 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
4356000 | usd |
| CY2023Q1 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
7784000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
17134000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
16744000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7375000 | usd |
| CY2024Q1 | trtx |
Preferred Stock Dividends And Participating Securities Share In Earnings Loss
PreferredStockDividendsAndParticipatingSecuritiesShareInEarningsLoss
|
3689000 | usd |
| CY2023Q1 | trtx |
Preferred Stock Dividends And Participating Securities Share In Earnings Loss
PreferredStockDividendsAndParticipatingSecuritiesShareInEarningsLoss
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3552000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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37371000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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Payments For Proceeds From Loans Receivable
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Payments For Proceeds From Loans Receivable
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Payments For Advances On Loans Held For Investment
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Payments For Advances On Loans Held For Investment
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Net Income Loss Available To Common Stockholders Basic
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Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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Earnings Per Share Basic
EarningsPerShareBasic
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Earnings Per Share Basic
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0.05 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
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0.17 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
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0.05 | |
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Diluted Shares Outstanding
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Weighted Average Number Of Diluted Shares Outstanding
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Net Income Loss
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|
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Net Income Loss
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Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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Stockholders Equity
StockholdersEquity
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Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1000 | usd |
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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Dividends Preferred Stock
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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Dividends Preferred Stock
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0.24 | |
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Stockholders Equity
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Profit Loss
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Profit Loss
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Amortization And Accretion Of Premiums Discounts And Loan Origination Fees Net
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Amortization And Accretion Of Premiums Discounts And Loan Origination Fees Net
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Amortization Of Financing Costs
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Amortization Of Financing Costs
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Other Depreciation And Amortization
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|
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| CY2023Q1 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
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Amortization Of Above And Below Market Leases
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Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
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Paid In Kind Interest
PaidInKindInterest
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Paid In Kind Interest
PaidInKindInterest
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Share Based Compensation
ShareBasedCompensation
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1672000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1804000 | usd |
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Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
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Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
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Increase Decrease In Accounts Receivable
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| CY2023Q1 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
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Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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Increase Decrease In Interest Payable Net
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Increase Decrease In Interest Payable Net
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Increase Decrease In Due To Affiliates
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Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
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Proceeds From Principal Repayments On Loans And Leases Held For Investment
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Increase Decrease In Due To Affiliates
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Increase Decrease In Deferred Revenue
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| CY2023Q1 | us-gaap |
Increase Decrease In Deferred Revenue
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Increase Decrease In Other Operating Assets
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| CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Assets
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| CY2024Q1 | us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
1397000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
0 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
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66057000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
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Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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| CY2024Q1 | us-gaap |
Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
|
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| CY2023Q1 | us-gaap |
Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
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Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
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0 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
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6628000 | usd |
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Payment For Proceeds From Financing Costs
PaymentForProceedsFromFinancingCosts
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158000 | usd |
| CY2023Q1 | trtx |
Payment For Proceeds From Financing Costs
PaymentForProceedsFromFinancingCosts
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86000 | usd |
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Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-3656000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-92149000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
207018000 | usd |
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
254315000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
203362000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
162166000 | usd |
| CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
54383000 | usd |
| CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
66856000 | usd |
| CY2024Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
14000 | usd |
| CY2023Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
784000 | usd |
| CY2024Q1 | trtx |
Collateralized Loan Obligation Proceeds Held At Trustee
CollateralizedLoanObligationProceedsHeldAtTrustee
|
51000000 | usd |
| CY2023Q1 | trtx |
Collateralized Loan Obligation Proceeds Held At Trustee
CollateralizedLoanObligationProceedsHeldAtTrustee
|
70547000 | usd |
| CY2024Q1 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
19166000 | usd |
| CY2023Q1 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
18974000 | usd |
| CY2024Q1 | trtx |
Principal Repayments Of Loans Held For Investment Held By Servicer Trustee Net
PrincipalRepaymentsOfLoansHeldForInvestmentHeldByServicerTrusteeNet
|
5500000 | usd |
| CY2023Q1 | trtx |
Principal Repayments Of Loans Held For Investment Held By Servicer Trustee Net
PrincipalRepaymentsOfLoansHeldForInvestmentHeldByServicerTrusteeNet
|
66285000 | usd |
| CY2024Q1 | us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
157000 | usd |
| CY2023Q1 | us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
286000 | usd |
| CY2024Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
545000 | usd |
| CY2023Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
0 | usd |
| CY2023Q4 | trtx |
Number Of Loans
NumberOfLoans
|
53 | loan |
| CY2024Q1 | 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. 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> | |
| CY2024Q1 | 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> | |
| CY2023Q4 | us-gaap |
Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
|
20200000 | usd |
| CY2024Q1 | trtx |
Percentage Of Senior Mortgage Loan Transferred To Third Party
PercentageOfSeniorMortgageLoanTransferredToThirdParty
|
1 | |
| CY2024Q1 | trtx |
Number Of Loans
NumberOfLoans
|
51 | loan |
| CY2024Q1 | trtx |
Maximum Insured Amount Of Each Cash Account
MaximumInsuredAmountOfEachCashAccount
|
250000 | usd |
| CY2023Q4 | trtx |
Maximum Insured Amount Of Each Cash Account
MaximumInsuredAmountOfEachCashAccount
|
250000 | usd |
| CY2024Q1 | us-gaap |
Cash
Cash
|
15000000 | usd |
| CY2023Q4 | us-gaap |
Cash
Cash
|
15000000 | usd |
| CY2024Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
300000 | usd |
| CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
203100000 | usd |
| CY2023Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
600000 | usd |
| CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
206400000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
|
19000000 | usd |
| CY2023Q4 | trtx |
Number Of Loans
NumberOfLoans
|
53 | loan |
| CY2024Q1 | trtx |
Percentage Of Loans And Leases Receivable
PercentageOfLoansAndLeasesReceivable
|
1.000 | |
| CY2023Q4 | trtx |
Percentage Of Loans And Leases Receivable
PercentageOfLoansAndLeasesReceivable
|
1.000 | |
| CY2023Q4 | trtx |
Percentage Of Loans And Leases Receivable
PercentageOfLoansAndLeasesReceivable
|
1.000 | |
| CY2024Q1 | trtx |
Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
|
3537679000 | usd |
| CY2023Q4 | trtx |
Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
|
3666173000 | usd |
| CY2023Q4 | trtx |
Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
|
3666173000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
|
3373917000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
|
3484052000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
|
3484052000 | usd |
| CY2024Q1 | trtx |
Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
|
163762000 | usd |
| CY2023Q4 | trtx |
Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
|
183293000 | usd |
| CY2023Q4 | trtx |
Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
|
183293000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
|
3367490000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
|
3476776000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
|
3476776000 | usd |
| CY2024Q1 | trtx |
Financing Receivable Weighted Average Credit Spread
FinancingReceivableWeightedAverageCreditSpread
|
0.037 | |
| CY2023Q4 | trtx |
Financing Receivable Weighted Average Credit Spread
FinancingReceivableWeightedAverageCreditSpread
|
0.037 | |
| CY2023Q4 | trtx |
Financing Receivable Weighted Average Credit Spread
FinancingReceivableWeightedAverageCreditSpread
|
0.037 | |
| CY2024Q1 | srt |
Financing Receivable Before Allowance For Credit Loss Average Yield
FinancingReceivableBeforeAllowanceForCreditLossAverageYield
|
0.092 | |
| CY2023 | srt |
Financing Receivable Before Allowance For Credit Loss Average Yield
FinancingReceivableBeforeAllowanceForCreditLossAverageYield
|
0.093 | |
| CY2023 | srt |
Financing Receivable Before Allowance For Credit Loss Average Yield
FinancingReceivableBeforeAllowanceForCreditLossAverageYield
|
0.093 | |
| CY2024Q1 | us-gaap |
Financing Receivable Modified Weighted Average Term Increase From Modification
FinancingReceivableModifiedWeightedAverageTermIncreaseFromModification
|
P2Y6M | |
| CY2023 | us-gaap |
Financing Receivable Modified Weighted Average Term Increase From Modification
FinancingReceivableModifiedWeightedAverageTermIncreaseFromModification
|
P2Y7M6D | |
| CY2023 | us-gaap |
Financing Receivable Modified Weighted Average Term Increase From Modification
FinancingReceivableModifiedWeightedAverageTermIncreaseFromModification
|
P2Y7M6D | |
| CY2023Q4 | trtx |
Number Of Non Consolidated Senior Interest
NumberOfNonConsolidatedSeniorInterest
|
0 | loan |
| CY2024Q1 | trtx |
Number Of Non Consolidated Senior Interest
NumberOfNonConsolidatedSeniorInterest
|
0 | loan |
| CY2023 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
1200000 | usd |
| CY2024Q1 | trtx |
Percentage Of Loans Subject To Yield Maintenance Or Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceOrOtherPrepaymentRestrictions
|
0.111 | |
| CY2024Q1 | trtx |
Percentage Of Loans Open To Repayment By Borrower Without Penalty
PercentageOfLoansOpenToRepaymentByBorrowerWithoutPenalty
|
0.889 | |
| CY2023Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
3409684000 | usd |
| CY2024Q1 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
105804000 | usd |
| CY2024Q1 | us-gaap |
Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
|
10677000 | usd |
| CY2024Q1 | us-gaap |
Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
|
2012000 | usd |
| CY2024Q1 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
226607000 | usd |
| CY2024Q1 | trtx |
Mortgage Loans On Real Estate Collection Of Accrued Paid In Kind Interest
MortgageLoansOnRealEstateCollectionOfAccruedPaidInKindInterest
|
1172000 | usd |
| CY2024Q1 | trtx |
Mortgage Loans On Real Estate Change In Allowance For Credit Losses
MortgageLoansOnRealEstateChangeInAllowanceForCreditLosses
|
-4166000 | usd |
| CY2024Q1 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
3296232000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
|
-5200000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
|
-5200000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
|
-1200000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
|
-2100000 | usd |
| CY2024Q1 | trtx |
Weighted Average Risk Rating
WeightedAverageRiskRating
|
3.0 | rating |
| CY2024Q1 | us-gaap |
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
71258000 | usd |
| CY2024Q1 | us-gaap |
Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
|
2869000 | usd |
| CY2024Q1 | trtx |
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest And Off Balance Sheet Credit Loss Liability
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestAndOffBalanceSheetCreditLossLiability
|
74127000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
|
3373917000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
|
67092000 | usd |
| CY2023Q4 | us-gaap |
Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
|
2679000 | usd |
| CY2023Q4 | trtx |
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest And Off Balance Sheet Credit Loss Liability
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestAndOffBalanceSheetCreditLossLiability
|
69771000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
|
3484052000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Period Increase Decrease
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossPeriodIncreaseDecrease
|
4400000 | usd |
| CY2024Q1 | trtx |
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest And Off Balance Sheet Credit Loss Liability
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestAndOffBalanceSheetCreditLossLiability
|
74100000 | usd |
| CY2024Q1 | trtx |
Financing Receivable Allowance For Credit Loss Increase Decrease From Macroeconomic Events
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseFromMacroeconomicEvents
|
4500000 | usd |
| CY2024Q1 | trtx |
Financing Receivable Allowance For Credit Loss Increase Decrease Increased Loan Origination
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIncreasedLoanOrigination
|
1300000 | usd |
| CY2024Q1 | trtx |
Financing Receivable Allowance For Credit Loss Increase Decrease Increased Repayments
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIncreasedRepayments
|
-1400000 | usd |
| CY2023Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
|
7800000 | usd |
| CY2023Q1 | trtx |
Financing Receivable Excluding Accrued Interest Allowance For Credit Losses Loans Held For Investment And Unfunded Loan Commitment
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossesLoansHeldForInvestmentAndUnfundedLoanCommitment
|
222400000 | usd |
| CY2023Q1 | trtx |
Financing Receivable Allowance For Credit Loss Increase Decrease Individually Asses Loans As A Result Of Local Market Fundamentals
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIndividuallyAssesLoansAsAResultOfLocalMarketFundamentals
|
29100000 | usd |
| CY2023Q1 | trtx |
Financing Receivable Allowance For Credit Loss Increase Decrease Increased Loan Origination
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIncreasedLoanOrigination
|
800000 | usd |
| CY2023Q1 | trtx |
Financing Receivable Allowance For Credit Loss Increase Decrease From Macroeconomic Events
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseFromMacroeconomicEvents
|
20500000 | usd |
| CY2023Q1 | trtx |
Financing Receivable Allowance For Credit Loss Increase Decrease Increased Repayments
FinancingReceivableAllowanceForCreditLossIncreaseDecreaseIncreasedRepayments
|
-1500000 | usd |
| CY2023Q4 | trtx |
Loans Accrued Interest Income
LoansAccruedInterestIncome
|
0 | usd |
| CY2024Q1 | trtx |
Loans Accrued Interest Income
LoansAccruedInterestIncome
|
0 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
|
3367490000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
|
3476776000 | usd |
| CY2024Q1 | trtx |
Number Of Major Loan Modifications
NumberOfMajorLoanModifications
|
1 | modification |
| CY2024Q1 | trtx |
Paid In Kind Interest Accrued
PaidInKindInterestAccrued
|
0 | usd |
| CY2023Q4 | trtx |
Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
|
1172000 | usd |
| CY2024Q1 | trtx |
Paid In Kind Interest Repayment
PaidInKindInterestRepayment
|
1172000 | usd |
| CY2024Q1 | trtx |
Paid In Kind Interest Outstanding
PaidInKindInterestOutstanding
|
0 | usd |
| CY2024Q1 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
5 | property |
| CY2024Q1 | us-gaap |
Foreclosed Assets
ForeclosedAssets
|
192400000 | usd |
| CY2024Q1 | trtx |
Asset Acquisition Tenant Improvements
AssetAcquisitionTenantImprovements
|
6038000 | usd |
| CY2023 | trtx |
Asset Acquisition Tenant Improvements
AssetAcquisitionTenantImprovements
|
4299000 | usd |
| CY2024Q1 | trtx |
Asset Acquisition Above Market Lease Intangibles
AssetAcquisitionAboveMarketLeaseIntangibles
|
3663000 | usd |
| CY2023 | trtx |
Asset Acquisition Above Market Lease Intangibles
AssetAcquisitionAboveMarketLeaseIntangibles
|
3902000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
6667000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
555000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
7222000 | usd |
| CY2024Q1 | trtx |
Real Estate Owned Other Operating Income
RealEstateOwnedOtherOperatingIncome
|
0 | usd |
| CY2024Q1 | trtx |
Revenue From Real Estate Owned Operations
RevenueFromRealEstateOwnedOperations
|
7222000 | usd |
| CY2024Q1 | trtx |
Real Estate Owned Operating Expense
RealEstateOwnedOperatingExpense
|
4099000 | usd |
| CY2024Q1 | trtx |
Real Estate Owned Depreciation And Amortization
RealEstateOwnedDepreciationAndAmortization
|
4247000 | usd |
| CY2024Q1 | trtx |
Expenses From Real Estate Owned Operations
ExpensesFromRealEstateOwnedOperations
|
8346000 | usd |
| CY2024Q1 | us-gaap |
Profit Loss From Real Estate Operations
ProfitLossFromRealEstateOperations
|
-1124000 | usd |
| CY2024Q1 | us-gaap |
Depreciation
Depreciation
|
1400000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
1400000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
32311000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
32121000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
5770000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2650000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
26541000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
29471000 | usd |
| CY2024Q1 | us-gaap |
Below Market Lease Gross
BelowMarketLeaseGross
|
4311000 | usd |
| CY2023Q4 | us-gaap |
Below Market Lease Gross
BelowMarketLeaseGross
|
4311000 | usd |
| CY2024Q1 | us-gaap |
Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
|
923000 | usd |
| CY2023Q4 | us-gaap |
Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
|
604000 | usd |
| CY2024Q1 | us-gaap |
Below Market Lease Net
BelowMarketLeaseNet
|
3388000 | usd |
| CY2023Q4 | us-gaap |
Below Market Lease Net
BelowMarketLeaseNet
|
3707000 | usd |
| CY2024Q1 | trtx |
Percentage Of Unused Fee
PercentageOfUnusedFee
|
0.0020 | |
| CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
|
12252000 | usd |
| CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
10959000 | usd |
| CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
9452000 | usd |
| CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
8147000 | usd |
| CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
6537000 | usd |
| CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
|
3657000 | usd |
| CY2024Q1 | trtx |
Lessor Operating Lease Payment To Be Received After Year Five
LessorOperatingLeasePaymentToBeReceivedAfterYearFive
|
58572000 | usd |
| CY2024Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
109576000 | usd |
| CY2024Q1 | us-gaap |
Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
|
P12Y | |
| CY2024Q1 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
3400000 | usd |
| CY2023Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
4600000 | usd |
| CY2024Q1 | trtx |
Participating Mortgage Loans Minimum Conversion
ParticipatingMortgageLoansMinimumConversion
|
0.50 | |
| CY2024Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2664370000 | usd |
| CY2023Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
3048448000 | usd |
| CY2023Q2 | trtx |
Debt Instrument Extension Term
DebtInstrumentExtensionTerm
|
P3Y | |
| CY2023Q2 | trtx |
Number Of Credit Facilities
NumberOfCreditFacilities
|
4 | loan |
| CY2022Q1 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
250000000 | usd |
| CY2022Q1 | trtx |
Number Of Lenders Provided Credit Facility
NumberOfLendersProvidedCreditFacility
|
5 | lender |
| CY2022Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
290000000 | usd |
| CY2022Q1 | us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P3Y | |
| CY2022Q1 | trtx |
Unused Fee Based On Target Utilization Rate
UnusedFeeBasedOnTargetUtilizationRate
|
0.500 | |
| CY2023Q1 | trtx |
Percentage Of Unused Fee
PercentageOfUnusedFee
|
0.0020 | |
| CY2022Q1 | trtx |
Maximum Period Permits To Finance Eligible Loans
MaximumPeriodPermitsToFinanceEligibleLoans
|
P180D | |
| CY2022Q1 | trtx |
Initial Advance Rate
InitialAdvanceRate
|
0.750 | |
| CY2023Q4 | trtx |
Debt Instrument Basis Spread On Advanced Rate Increase Decrease
DebtInstrumentBasisSpreadOnAdvancedRateIncreaseDecrease
|
-0.0005 | |
| CY2024Q1 | trtx |
Debt Instrument Basis Spread On Advanced Rate Increase Decrease
DebtInstrumentBasisSpreadOnAdvancedRateIncreaseDecrease
|
-0.0005 | |
| CY2024Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
19700000 | usd |
| CY2023Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
23800000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
491940000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
812946000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
334628000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
170873000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
853983000 | usd |
| CY2024Q1 | trtx |
Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
|
0 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
2664370000 | usd |
| CY2024Q1 | us-gaap |
Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
|
185300000 | usd |
| CY2023Q4 | us-gaap |
Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
|
172700000 | usd |
| CY2024Q1 | trtx |
Threshold Period Of Delinquency To Consider Loan Nonperforming And Place On Nonaccrual Status
ThresholdPeriodOfDelinquencyToConsiderLoanNonperformingAndPlaceOnNonaccrualStatus
|
P90D | |
| CY2024Q1 | trtx |
Loans Held For Investment Fair Value Disclosure Nonrecurring
LoansHeldForInvestmentFairValueDisclosureNonrecurring
|
3300000000 | usd |
| CY2023Q4 | trtx |
Loans Held For Investment Fair Value Disclosure Nonrecurring
LoansHeldForInvestmentFairValueDisclosureNonrecurring
|
3400000000 | usd |
| CY2024Q1 | trtx |
Loans Held For Investment Weighted Average Gross Credit Spread
LoansHeldForInvestmentWeightedAverageGrossCreditSpread
|
0.0366 | |
| CY2023Q4 | trtx |
Loans Held For Investment Weighted Average Gross Credit Spread
LoansHeldForInvestmentWeightedAverageGrossCreditSpread
|
0.0373 | |
| CY2024Q1 | trtx |
Loans Held For Investment Weighted Average Maturity Period
LoansHeldForInvestmentWeightedAverageMaturityPeriod
|
P2Y6M | |
| CY2023 | trtx |
Loans Held For Investment Weighted Average Maturity Period
LoansHeldForInvestmentWeightedAverageMaturityPeriod
|
P2Y7M6D | |
| CY2024Q1 | trtx |
Excise Tax Percentage
ExciseTaxPercentage
|
1 | |
| CY2024Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
0 | usd |
| CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
0 | usd |
| CY2023Q1 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
|
0 | usd |
| CY2023Q1 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
|
0 | usd |
| CY2024Q1 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
400000 | usd |
| CY2023Q1 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
200000 | usd |
| CY2023Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
13300000 | usd |
| CY2024Q1 | trtx |
Remaining Capital Loss Carry Forwards
RemainingCapitalLossCarryForwards
|
194100000 | usd |
| CY2024Q1 | us-gaap |
Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
|
500000 | usd |
| CY2024Q1 | us-gaap |
Dividends Common Stock Stock
DividendsCommonStockStock
|
500000 | usd |
| CY2023Q1 | us-gaap |
Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
|
400000 | usd |
| CY2023Q1 | us-gaap |
Dividends Common Stock Stock
DividendsCommonStockStock
|
400000 | usd |
| CY2024Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
395802 | shares |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
16744000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7375000 | usd |
| CY2024Q1 | trtx |
Dividends Preferred Stock Paid And Accrued
DividendsPreferredStockPaidAndAccrued
|
3148000 | usd |
| CY2023Q1 | trtx |
Dividends Preferred Stock Paid And Accrued
DividendsPreferredStockPaidAndAccrued
|
3148000 | usd |
| CY2024Q1 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
541000 | usd |
| CY2023Q1 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
404000 | usd |
| CY2024Q1 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
13055000 | usd |
| CY2023Q1 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
3823000 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
77868735 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
77410406 | shares |
| CY2024Q1 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
0 | shares |
| CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
679245 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
77868735 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
78089651 | shares |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.17 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.05 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.17 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.05 | |
| CY2020Q2 | trtx |
Number Of Tranches
NumberOfTranches
|
3 | tranche |
| CY2024Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
19200000 | usd |
| CY2024Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
19000000 | usd |
| CY2024Q1 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
19200000 | usd |
| CY2023Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
19200000 | usd |
| CY2023Q4 | trtx |
Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
|
3666173000 | usd |
| CY2023Q4 | trtx |
Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
|
183293000 | usd |
| CY2023Q4 | trtx |
Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
|
1.000 | |
| CY2023Q4 | us-gaap |
Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
|
3484052000 | usd |
| CY2023Q4 | trtx |
Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
|
1.000 | |
| CY2023Q4 | trtx |
Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
|
1200000 | usd |
| CY2024Q1 | trtx |
Dividends Common Stock Paidinkind Shares
DividendsCommonStockPaidinkindShares
|
3873 | shares |
| CY2023Q1 | trtx |
Dividends Common Stock Paidinkind Shares
DividendsCommonStockPaidinkindShares
|
3724 | shares |
| CY2024Q1 | trtx |
Unfunded Commitments Loans Held For Investment
UnfundedCommitmentsLoansHeldForInvestment
|
163800000 | usd |
| CY2023Q4 | trtx |
Unfunded Commitments Loans Held For Investment
UnfundedCommitmentsLoansHeldForInvestment
|
183300000 | usd |
| CY2024Q1 | trtx |
Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
|
3537679000 | usd |
| CY2024Q1 | trtx |
Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
|
163762000 | usd |
| CY2024Q1 | trtx |
Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
|
1.000 | |
| CY2024Q1 | us-gaap |
Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
|
3373917000 | usd |
| CY2024Q1 | trtx |
Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
|
1.000 | |
| CY2023Q4 | trtx |
Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
|
3666173000 | usd |
| CY2023Q4 | trtx |
Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
|
183293000 | usd |
| CY2023Q4 | trtx |
Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
|
1.000 | |
| CY2023Q4 | us-gaap |
Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
|
3484052000 | usd |
| CY2023Q4 | trtx |
Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
|
1.000 | |
| CY2023Q4 | trtx |
Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
|
1200000 | usd |
| CY2024Q1 | trtx |
Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
|
3537679000 | usd |
| CY2024Q1 | trtx |
Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
|
163762000 | usd |
| CY2024Q1 | trtx |
Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
|
1.000 | |
| CY2024Q1 | us-gaap |
Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
|
3373917000 | usd |
| CY2024Q1 | trtx |
Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
|
1.000 | |
| CY2023Q4 | trtx |
Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
|
3666173000 | usd |
| CY2023Q4 | trtx |
Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
|
183293000 | usd |
| CY2023Q4 | trtx |
Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
|
1.000 | |
| CY2023Q4 | us-gaap |
Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
|
3484052000 | usd |
| CY2023Q4 | trtx |
Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
|
1.000 | |
| CY2023Q4 | trtx |
Loan Commitment Capitalized Interest Costs
LoanCommitmentCapitalizedInterestCosts
|
1200000 | usd |
| CY2024Q1 | trtx |
Loan Commitment Principal Amount
LoanCommitmentPrincipalAmount
|
3537679000 | usd |
| CY2024Q1 | trtx |
Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
|
163762000 | usd |
| CY2024Q1 | trtx |
Percentage Of Loan Commitment Principal Amount
PercentageOfLoanCommitmentPrincipalAmount
|
1.000 | |
| CY2024Q1 | us-gaap |
Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
|
3373917000 | usd |
| CY2024Q1 | trtx |
Percentage Of Loans And Leases Receivable Unpaid Principal Balance
PercentageOfLoansAndLeasesReceivableUnpaidPrincipalBalance
|
1.000 |
