NEW YORK - TPG RE Finance Trust, Inc. (NYSE:TRTX), a commercial real estate finance company, announced today that its Board of Directors has approved a first-quarter cash dividend of $0.24 per share. The dividend is scheduled to be distributed on April 25, 2024, to shareholders of record as of March 28, 2024.
TRTX specializes in originating, acquiring, and managing first mortgage loans secured by institutional properties across major U.S. markets. Managed by TPG RE Finance Trust Management, L.P., the company operates under the umbrella of TPG Real Estate, the real estate investment arm of the global alternative asset firm TPG Inc. (NASDAQ:TPG).
The announcement of the dividend follows the company's stated commitment to return value to its shareholders and reflects the ongoing management of its investment portfolio. However, the company has cautioned investors about forward-looking statements, which inherently involve risks and uncertainties.
Factors that could affect the company's financial performance include global economic conditions, market trends, interest rate changes, and other risks as outlined in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in subsequent filings with the Securities and Exchange Commission.
The dividend declaration is a factual statement of the company's actions on the date of March 15, 2024, and does not necessarily indicate the future financial performance of TRTX or its investment strategy.
As with any investment, past performance is not indicative of future returns. Shareholders and potential investors are advised to consider the risks detailed in the company's filings when making investment decisions.
This news article is based on a press release statement issued by TPG RE Finance Trust, Inc.
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