TPG net income rises

36024 tpg net income rises

TPG Inc. TPG, -0.33% said Monday its fourth-quarter pro forma GAAP earnings rose to $76.15 million, or 25 cents a share, from $74.4 million, or 24 cents a share, in the year-ago quarter. Analysts expected TPG to earn 41 cents a share, according to a FactSet survey. Total fourth-quarter revenue fell to $1.08 billion from $1.55 billion. Adjusted fee related revenue rose to $239 million from $199 million. Net income attributable to controlling interests fell to $325.86 million from $608.16 million. Total assets under management ended the year at $114 billion, up 27%. After tax distributable earnings rose to $307.2 million from $246.4 million. Shares of TPG are down 11.8% so far in 2022, compared to a drop of 4.7% by the S&P 500.

Source: Marketwatch

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