TPG Real Estate Finance Trust (TRTX) has restructured its loan portfolio to focus more on industrial and multifamily assets, reducing its exposure to office properties. This shift has resulted in 70% of its portfolio consisting of loans originated after 2023, which lowers legacy risk and supports stable credit reserves and risk ratings. The company has increased leverage to fund new loans at attractive spreads, maintaining a book value above $13 per share and a strong interest coverage ratio above 4.8x. TRTX's preferred shares (TRTX.PR.C) offer an 8.7% yield, backed by a solid balance sheet and a superior risk profile compared to peers, making them appealing in the current economic environment.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
Crypto investigator ZachXBT criticized all current hardware wallets as insecure and unreliable for signing transactions or storing significant funds. He highlighted Ledger as particularly problematic due to frequent updates that disrupt basic functio...
