NEW YORK (AP) — NEW YORK (AP) — TPG RE Finance Trust Inc. (TRTX) on Monday reported third-quarter net income of $9.4 million.
The New York-based company said it had profit of 8 cents per share. Earnings, adjusted for non-recurring gains, came to 7 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The commercial real estate finance company posted revenue of $91.6 million in the period. Its adjusted revenue was $35.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRTX at https://www.zacks.com/ap/TRTX
