TPG RE Finance Trust, Inc. (NASDAQ: TRTX) disclosed that director Michael Gillmore acquired 2,500 shares of the company's common stock at $6.50 per share, for a total transaction value of $16,250, according to a filing with the U.S. Securities and Exchange Commission. The purchase was executed on November 12, 2026.
The shares are held indirectly through a personal trust. Following the transaction, Mr. Gillmore beneficially owns 5,000 shares indirectly through that trust. In addition, the filing shows he holds 100,223 shares directly.
The acquisition took place against a challenging backdrop for the stock. TRTX was trading at $6.47 at the time, close to its 52-week low of $5.60, and has declined approximately 18% year-to-date. Despite that price weakness, the company offers a dividend yield of 14.93% and has maintained dividend payments for 10 consecutive years, according to InvestingPro data. The platform also indicates 8 additional ProTips for TRTX, along with comprehensive Fair Value analysis and financial health metrics.
The filing was signed by Matthew Coleman on behalf of Michael Gillmore, pursuant to a power of attorney.
In other recent news, TPG Real Estate Finance Trust reported third-quarter earnings that fell short of Wall Street expectations. The company announced distributable earnings of $0.07 per diluted share, significantly missing the analyst consensus estimate of $0.26. Despite the earnings miss, revenue of $37 million was approximately in line with forecasts. The company highlighted stronger net interest income, solid credit performance, and a larger portfolio as positive aspects of its financial results. Analysts had anticipated higher earnings, but the revenue figures met expectations. These developments reflect a mixed financial picture for TPG Real Estate Finance Trust as it navigates the current economic environment.
TPG RE Finance Trust focuses on originating, acquiring, and managing commercial real estate debt investments. The stock traded at $6.47, up $0.04 or 0.62%, at the close, according to the latest quote data. The after-hours quote showed no change at $6.47.