EX-12.1 7 d588810dex121.htm EX-12.1 EX-12.1

Exhibit 12 .1

TPG RE Finance Trust, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratios)

 

     Six Months
Ended
June 30, 2018		     Year Ended
December 31,
2017		     Year Ended
December 31,
2016		     Year Ended
December 31,
2015		     Period from
December 18,
2014 (inception)
to December 31,
2014		  

Fixed Charges (Interest Expense)

    $ 56,152     $ 78,268     $ 61,649     $ 47,564     $ 1,518  

Income (loss) (before income taxes)

    $ 51,757     $ 94,498     $ 69,962     $ 60,967     $ (8,248 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings

    $ 107,909     $ 172,766     $ 131,611     $ 108,531     $ (6,730 ) 

Ratio of Earnings to Fixed Charges

      1.92 x      2.21 x      2.13 x      2.28 x      N/A