TPG RE Finance Trust Posts $9.4 Million Q3 Net Income, Misses Analyst Estimates

TPG RE Finance Trust Inc. (TRTX) on Monday reported third-quarter net income of $9.4 million, or 8 cents per share, falling short of Wall Street expectations. Adjusted for non-recurring gains, earnings came to 7 cents per share, well below the average estimate of 26 cents per share from three analysts surveyed by Zacks Investment Research. The New York-based commercial real estate finance company posted revenue of $91.6 million for the period, with adjusted revenue of $35.9 million.