TPG RE Finance Trust, Inc. Reports Operating Results for the Fourth Quarter and Full Year Ended December 31, 2021

NEW YORK, February 22, 2022–(BUSINESS WIRE)–TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) reported its operating results for the fourth quarter and full year ended December 31, 2021.

FOURTH QUARTER 2021 ACTIVITY

  • Generated GAAP net income attributable to common stockholders of $41.4 million, or $0.51 per diluted common share based on a diluted weighted average share count of 82.0 million common shares, and book value per common share on December 31, 2021 of $16.37, an increase of $0.22 over the prior quarter.

  • Declared on December 13, 2021 a cash dividend of $0.24 per share of common stock and a non-recurring special cash dividend of $0.07 per share of common stock. The full cash dividend of $0.31 was paid on January 25, 2022 to common stockholders of record as of December 29, 2021. The Company paid on December 30, 2021, to stockholders of record as of December 20, 2021, a quarterly dividend on the Company’s 6.25% Series C Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”) of $0.3906 per share.

  • Originated 10 first mortgage loans with total loan commitments of $651.6 million, an aggregate initial unpaid principal balance of $564.5 million, a weighted average credit spread of 3.77%, a weighted average interest rate floor of 0.10% and a weighted average loan-to-value ratio of 72.3%.

  • Received loan repayments of $428.1 million, including six full loan repayments totaling $420.9 million.

  • The weighted average risk rating of the Company’s loan portfolio improved to 3.0 as of December 31, 2021, compared to 3.1 in the preceding quarter.

  • Reduced the Company’s CECL reserve at quarter-end by $8.8 million, to $46.2 million or 85 basis points of total loan commitments, down from $55.0 million or 103 basis points as of September 30, 2021.

  • Sold a 17 acre undeveloped land parcel at

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Marqeta Announces Visa Veteran Mike Milotich as New CFO, Raises Expectations for Fourth Quarter 2021 Economical Results

Subsequent 10 years at Visa, Mike Milotich will be a part of Marqeta as Chief Fiscal Officer, overseeing the upcoming chapter of Marqeta’s scale and development

OAKLAND, Calif., February 09, 2022–(Enterprise WIRE)–Marqeta (NASDAQ: MQ), the world wide fashionable card issuing platform, introduced the appointment of Mike Milotich as the company’s new Main Economic Officer, powerful February 22, 2022.

Milotich joins Marqeta adhering to a ten years-extended tenure at Visa in several economical leadership positions, most lately serving as Senior Vice President of Trader Relations and Company Finance. He has additional than 20 decades of encounter in company finance, the bulk of which falls in payments and economical providers. He has also held management positions at American Categorical and PayPal.

Tripp Faix, the company’s outgoing Main Financial Officer, has resolved to phase down to shell out far more time with spouse and children immediately after three and a 50 percent a long time in his role. Mr. Faix will proceed in an advisory position right until March 31, 2022, to make sure a clean transition of the CFO placement at Marqeta and take part in Marqeta’s upcoming meeting call to examine its fourth quarter and whole calendar year fiscal 2021 money final results, set for March 9, 2022.

“Having spent the very last 10 many years at Visa, I had a entrance row seat to the rise of Marqeta and the innovations they’ve opened up globally with their fashionable card issuing system,” explained Mike Milotich. “Right after expending time with Jason and the govt team, I was amazed by both equally how properly they’d scaled to date and the massive chance in world-wide revenue movement that lies in advance of them. I seem ahead to becoming a member of the team and assisting to manual the following

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