Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019		Mar. 31, 2018
Cash Flows from Operating Activities:
Net Income	$ 28,412		$ 25,114
Adjustment to Reconcile Net Income to Net Cash Provided by Operating Activities:
Amortization and Accretion of Premiums, Discounts and Loan Origination Fees, net	(3,627)		(4,147)
Amortization of Deferred Financing Costs	4,698		3,658
Stock Compensation Expense	633		177
Cash Flows Due to Changes in Operating Assets and Liabilities:
Accounts Receivable	25
Accrued Interest Receivable	(3,143)		(2,771)
Accrued Expenses	(3,616)		610
Accrued Interest Payable	1,818		245
Payable to Affiliates	490		648
Deferred Fee Income	151		(205)
Other Assets	192		125
Net Cash Provided by Operating Activities	26,033		23,454
Cash Flows from Investing Activities:
Origination of Loans Held for Investment	(628,460)		(512,522)
Advances on Loans Held for Investment	(57,394)		(60,972)
Principal Repayments of Loans Held for Investment	359,065		156,258
Purchase of Commercial Mortgage-Backed and Commercial Real Estate Collateralized Loan Obligation Securities	(263,868)		(63,654)
Principal Repayments of Commercial Mortgage-Backed and Commercial Real Estate Collateralized Loan Obligation Securities	586
Net Cash (Used in) Investing Activities	(590,071)		(480,890)
Cash Flows from Financing Activities:
Payments on Collateralized Loan Obligations	(233,557)
Proceeds from Collateralized Loan Obligations			745,904
Payments on Secured Financing Agreements	(265,002)		(762,695)
Proceeds from Secured Financing Agreements	988,739		514,347
Payment of Deferred Financing Costs	(1,176)		(9,519)
Payments to Repurchase Common Stock	(42)		(8,360)
Proceeds from Issuance of Preferred Stock	125
Proceeds from Issuance of Common Stock	119,100
Net Cash Provided by Financing Activities	579,149		456,481
Net Change in Cash, Cash Equivalents, and Restricted Cash	15,111		(955)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	40,720		75,737
Cash, Cash Equivalents and Restricted Cash at End of Period	55,831		74,782
Supplemental Disclosure of Cash Flow Information:
Interest Paid	34,567		22,096
Taxes Paid	10		215
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Principal Repayments of Loans Held for Investment Held by Servicer/Trustee, net	6,562
Principal Repayments of Commercial Mortgage-Backed and Commercial Real Estate Collateralized Loan Obligation Securities Held by Servicer/Trustee, net	47		211
Dividends Declared, not paid	31,598	[1]	25,307
Accrued Equity Issuance and Equity Distribution Agreement Transaction Costs	300
Accrued Deferred Financing Costs	532		1,057
Commercial Mortgage-Backed And Commercial Real Estate Collateralized Loan Obligation Securities
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Unrealized (Loss) Gain on Available-for-Sale Securities (Commercial Mortgage-Backed and Commercial Real Estate Collateralized Loan Obligation Securities)	106		(214)
Preferred Class A
Cash Flows from Financing Activities:
Payments to Redeem Series A Preferred Stock			(125)
Dividends paid			(3)
Common Stock, Undefined Class
Cash Flows from Financing Activities:
Dividends paid	(28,546)		(22,620)
Class A Common Stock
Cash Flows from Financing Activities:
Dividends paid	$ (492)		$ (448)

[1] The Company’s consolidated Total Assets and Total Liabilities at March 31, 2019 include assets and liabilities of variable interest entities (“VIEs”) of $1.7 billion and $1.3 billion, respectively. The Company’s consolidated Total Assets and Total Liabilities at December 31, 2018 include assets and liabilities of VIEs of $1.9 billion and $1.5 billion, respectively. These assets can be used only to satisfy obligations of the VIEs, and creditors of the VIEs have recourse only to these assets, and not to TPG RE Finance Trust, Inc. See Note 5 to the Consolidated Financial Statements for details