TPG RE Finance Trust's preferreds are trading for 77 cents on the dollar and offer an 8% yield on cost. The mREIT grew its loan investment portfolio during its fiscal 2024 third quarter as originations ran ahead of repayments. Cash and near-term liquidity of $357 million provide depth for preferred dividend payments that are 750% covered by free cash flow.
TPG's outstanding management and successful IPO have driven strong performance, outpacing the S&P500 and supporting further acquisitions with a robust balance sheet. The acquisition of Angelo Gordon has proven accretive, boosting TPG's assets under management to $239 billion. Despite risks from economic shocks and competition, TPG's growth in AUM positions it for continued outperformance and capital appreciation.
TPG Inc. (NASDAQ:TPG ) Q3 2024 Results Conference Call November 4, 2024 11:00 AM ET Company Participants Gary Stein - Head, Investor Relations Jon Winkelried - Chief Executive Officer Jack Weingart - Chief Financial Officer Jim Coulter - Executive Chairman and Co-Founder Todd Sisitsky - President Conference Call Participants Alex Blostein - Goldman Sachs Glenn Schorr - Evercore Craig Siegenthaler - Bank of America Ken Worthington - JPMorgan Michael Cyprys - Morgan Stanley Brennan Hawken - UBS Kyle Boyd - KBW Mike Brown - Wells Fargo Securities Operator Good morning, and welcome to the TPG's Third Quarter 2024 Earnings Conference Call. Currently, all callers have been placed on listen-only mode.
TPG Inc. (TPG) came out with quarterly earnings of $0.45 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.56 per share a year ago.
TPG Inc. (TPG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
TPG Inc. (TPG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Indian educational technology company Eruditus has raised $150 million in a new funding round led by private equity firm TPG , at a time when the funding environment for edtech companies has been subdued.
Bausch + Lomb Corporation (BLCO) shares popped Monday morning following reports Blackstone (BX) and TPG (TPG) are considering teaming up to buy the eyecare company.
Private equity firms TPG and Blackstone are joining forces in a bid to acquire eye care company Bausch + Lomb BLCO, the Financial Times reported.
Australia's TPG Telecom agreed to sell its fixed-fiber network to Vocus, generating funds for future shareholder returns and investment into its mobile operations.
TPG Telecom will sell some of its non-mobile fibre infrastructure and fixed business assets to Macquarie-backed Vocus Group for A$5.25 billion ($3.54 billion) including debt, the telco said on Monday.
Switzerland's Partners Group is selling German metering firm Techem (TECENC.UL) for 6.7 billion euros ($7.46 billion) to US asset manager TPG , Techem said on Tuesday, changing hands to its third private equity firm.