- The net interest income will likely decline next year due to higher prepayments.
- Loans to offices make up half of the total loan portfolio; hence, the risk level is high. The structural changes in demand for offices can persist beyond the pandemic.
- Hotel-related risk is currently high but is likely to subside by late next year as life returns to normal.
- TRTX is offering a high dividend yield. However, valuation analysis suggests a big downside from the current market price.
For further details see:
TPG RE Finance Trust: 7.6% Dividend Yield But Risks Abound