Street Calls of the Week
NEW YORK - TPG RE Finance Trust, Inc. (NYSE:TRTX) announced Monday that Chief Financial Officer Robert Foley will retire at the end of the year after a decade with the company. Brandon Fox, the company’s Chief Accounting Officer, will assume the role of interim CFO effective October 1, 2025. The leadership change comes as parent company TPG Inc. (NASDAQ:TPG) shows strong market performance, with a market capitalization of $23.16 billion and robust financial health indicators according to InvestingPro data.
Foley will transition to a senior advisor role for TPG’s real estate credit business following his departure from the CFO position. Fox, who has served as Chief Accounting Officer since January 2022, brings experience in corporate acquisitions, SEC reporting, accounting, auditing, and financial planning.
"He has played a critical role in growing and expanding our business over the past ten years," said Doug Bouquard, CEO of TRTX, regarding Foley’s contributions.
Fox holds an MBA with concentrations in corporate finance and strategy from the University of Chicago Booth School of Business and is a Certified Public Accountant (inactive) licensed in California.
TPG RE Finance Trust focuses on originating, acquiring, and managing primarily first mortgage loans secured by institutional properties in primary and select secondary U.S. markets. The company is externally managed by TPG RE Finance Trust Management, L.P., part of TPG Real Estate, which is the real estate investment platform of global alternative asset management firm TPG Inc. (NASDAQ:TPG).
This information is based on a company press release statement issued by TPG RE Finance Trust.
In other recent news, TPG Inc. reported a strong performance for the second quarter of 2025, with after-tax distributable earnings reaching $0.69 per share, marking a 40% increase from the previous year. The firm also declared a record quarterly dividend of $0.59 per share, up by the same percentage. In another development, TPG, alongside the Qatar Investment Authority, is leading a consortium to take Kangji Medical Holdings private in a deal valued at approximately $1.4 billion. This offer includes a cash payment of HK$9.25 per Kangji share. Additionally, TPG announced the pricing of $500 million in senior notes due in 2036, with an interest rate of 5.375%, to be issued by its subsidiary, TPG Operating Group II, L.P. The company plans to use the proceeds from these notes to repay existing debt. Meanwhile, TPG RE Finance Trust has approved a new $25 million share repurchase program, replacing a previous authorization that was fully utilized. Analyst firm Citizens JMP reiterated a Market Perform rating for TPG following its earnings report.
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