TRTX

In the past six months, TRTX's stock price has declined, closing at $6.14 on October 2, 2026, down from nearly $9 when its Q2 2026 earnings were released. Key events include Q2 2026 earnings where distributable earnings of $0.23 per share missed the dividend and consensus estimates, and net interest income decreased due to rising funding costs and narrowing loan spreads. The company declared a $0.24 dividend in September 2026 and priced a $1.0 billion commercial real estate CLO. The stock has faced downgrades from firms like UBS and Weiss Ratings. Financing activities in Q2 2026 included closing a $400.0 million secured term loan, establishing a $100.0 million revolving credit facility, and extending the Wells Fargo secured credit agreement to 2028 with increased capacity. In the first half of 2026, TRTX originated five first mortgage loans totaling $614.4 million and redeemed $597.8 million of outstanding bonds.