[March 19, 2019]

TPG RE Finance Trust, Inc. Declares Cash Dividend of $0.43 Per Share

TPG RE Finance Trust, Inc. (NYSE:TRTX) ("TRTX" or the "Company") announced that on March 19, 2019, the Company's Board of Directors declared a cash dividend of $0.43 per share of common stock and Class A common stock for the first quarter of 2019. The dividend is payable on April 25, 2019 to stockholders of record as of March 29, 2019. The dividend represents an annual distribution rate of 8.7% based on the closing sale price of the Company's common stock on March 19, 2019.

ABOUT TRTX

TPG RE Finance Trust, Inc. is a commercial real estate finance company that focuses primarily on originaing, acquiring, and managing first mortgage loans and other commercial real estate-related debt instruments secured by institutional properties located in primary and select secondary markets in the United States. The Company 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 TPG. TPG is a global alternative asset firm with a 25-year history and more than $103 billion of assets under management. For more information regarding TRTX, visit www.tpgrefinance.com.

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