TPG RE Finance Trust Inc Reports Q3 2025 Earnings: Strong Investment Momentum with GAAP Net Income of $18.4M and Distributable Earnings of $19.9M

TPG RE Finance Trust Inc reported Q3 2025 earnings with GAAP net income of $18.4 million or $0.23 per common share and distributable earnings of $19.9 million or $0.25 per common share. The company closed $279 million in new investments and grew its loan portfolio by $1.2 billion or 12% year over year. Despite strong investment activity, leverage remained flat at 2.6 times, and the company's largest new loan was on a Nashville hotel, a sector with significant challenges.