Earnings per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings per Share

(11) Earnings per Share

The Company calculates its basic and diluted earnings per share using the two-class method for all periods presented, as the unvested restricted shares of its common stock granted to certain current and former employees and affiliates of the Manager, qualify as participating securities. These restricted shares have the same rights as the Company’s other shares of common stock and Class A common stock, including participating in any dividends, and therefore have been included in the Company’s basic and diluted earnings per share calculation. For the three months ended March 31, 2019 and 2018, $0.1 million and $0.03 million, respectively of common stock dividends declared and undistributed net income attributable to common stockholders were allocated to unvested shares of our common stock pursuant to stock grants made under the Company’s Incentive Plan (see Note 13 for details).

The following table sets forth the calculation of basic and diluted earnings per common share (common stock and Class A common stock) based on the weighted-average number of shares of common stock and Class A common stock outstanding (in thousands, except share and per share data):

	Three Months Ended March 31,
	2019			2018
Net Income Attributable to TPG RE Finance Trust, Inc.	$	28,409		$	25,111
Participating Securities' Share in Earnings		(141	)		—
Net Income Attributable to Common Stockholders	$	28,268		$	25,111
Weighted Average Common Shares Outstanding, Basic and Diluted		68,294,736			60,393,818
Per Common Share Amount, Basic and Diluted	$	0.42		$	0.42