TPG RE Finance Trust Approves Up to $50 Million Share Buyback

TPG RE Finance Trust, Inc. approved up to $50 million in common-stock repurchases on Monday, Oct. 26, doubling its prior authorization as it posted $772.7 million in loan commitments for the quarter ended Sept. 30. The U.S.-focused commercial real estate lender makes, buys and oversees loans, most of them first mortgages backed by institutional properties. The quarter’s commitments covered eight originated first-mortgage loans and one acquired first-mortgage loan. Net earning assets increased by $600 million during the quarter.

Source: TokenPost