NEW YORK (AP) — NEW YORK (AP) — TPG RE Finance Trust Inc. (TRTX) on Tuesday reported first-quarter earnings of $7.4 million.
On a per-share basis, the New York-based company said it had net income of 5 cents. Earnings, adjusted for non-recurring costs, were 17 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The commercial real estate finance company posted revenue of $91.7 million in the period. Its adjusted revenue was $21.7 million.
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