10 Cheap REITs with Huge Upside

5. TPG RE Finance Trust, Inc. (NYSE:TRTX)

Average Upside Potential: 18.34%

Forward P/E: 11.11

Number of Hedge Funds: 19

TPG RE Finance Trust, Inc. (NYSE:TRTX) originates first-mortgage loans greater than $50 million in primary and select secondary markets across the US. The REIT creates highly structured financing solutions for property owners with transitional capital needs across a variety of real estate asset types. It manages a $3.3 billion portfolio of assets in primary and secondary US markets, as of June 30.

The REIT is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate which is the real estate investment platform of global alternative asset management firm TPG. TRTX advantages from the network and market insight of TPG’s Real Estate equity investing team which invests in real estate-intensive operating companies and large portfolios of commercial properties across the US and Europe. Additionally, the REIT has decades of lending experience which enables long-standing relationships with operators, brokers, and equity providers.

The REIT’s investment portfolio delivered a strong performance against an uncertain macroeconomic environment in Q2. TPG RE Finance Trust, Inc. (NYSE:TRTX) generated distributable earnings of $0.28 per share and GAAP net income attributable to common stockholders of $21.0 million. The firm closed the quarter with $389.4 million of near-term liquidity and a debt-to-equity ratio of 2:1 which according to the CEO improves its ability to pursue new investment opportunities across the evolving real estate credit landscape.

With an extensive relationship network, unparalleled market insight, and solid experience, TPG RE Finance Trust, Inc. (NYSE:TRTX) is a leading commercial real estate finance company.