TPG RE Finance Trust, Inc.

TPG RE Finance Trust, Inc.

TRTX
TPG RE Finance Trust, Inc.US flagNew York Stock Exchange
8.59
USD
+0.01
- -
664.08MMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.96
2.26
2.2
2.19
2.27
-0.36
2.21
2.02
1.57
1.89
1.91
1.92
Basic EPS, GAAP
1.51
1.78
1.74
1.7
1.73
-2.03
1.54
-0.95
-1.69
0.75
0.57
0.64
Free Cash Flow per Basic Share
2.51
2.17
1.68
1.71
1.67
1.72
1.72
1.3
1.03
1.41
1.14
1.22
Dividend per Share
1.01
1.86
1.48
1.64
1.71
1.46
1.28
1.2
1.14
1.13
1.15
1.15
Book Value per Share
-0.33
-0.25
-0.27
-0.41
-0.39
-3.82
-3.21
-5.11
-7.74
-7.73
-8.48
-8.64
Tangible Book Value per Share
18.2
24.66
22.17
21.05
20.67
16.53
19.03
17.1
14.5
13.96
13.47
13.49
Basic Weighted Avg Shares
39
39
54
63
73
77
77
77
78
80
79
79
Sales/Revenue/Turnover
77
89
119
138
165
-28
170
156
122
151
151
151
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
3
16
13
11
Net Income, GAAP
59
70
94
107
126
-137
139
-60
-117
74
60
66
Effective Tax Rate (%)
2.64
- -
0.15
0.32
0.46
- -
0.76
- -
- -
0.53
0.62
0.66
Profit Margin (%)
76.96
78.82
79.11
77.36
76.6
494.6
81.59
-38.44
-95.55
49.17
39.87
43.28
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
1,367
649
288
1,656
4,332
3,389
3,708
4,161
3,039
2,569
3,289
3,363
Total Equity
716
971
1,201
1,327
1,504
1,267
1,465
1,322
1,125
1,114
1,068
1,062
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
2,933
3,289
3,363
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
78
78
78
Market Capitalization
685
686
615

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
94
88
92
Accounts Receivable, Net
105
29
73
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
30
31
32
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.32%
-2.83%
-4.13%
Free Cash Flow
0.94%
-4.73%
-19.41%
Net Income, GAAP
-55.72%
-86.61%
-18.86%
Sales/Revenue/Turnover
-75.19%
-143.96%
0.06%
Total Cash Common Dividend
9.97%
-3.63%
0.63%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
38
39
40
34
151
2025
37
43
37
35
151
2026
37
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.26
0.23
0.09
0.75
2025
0.12
0.21
0.23
- -
0.57
2026
0.19
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.29
0.28
0.28
0.28
1.13
2025
0.29
0.29
0.29
- -
1.15
2026
0.29
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Doug Bouquard
Sector
Real Estate
Industry
REIT - Mortgage
Address
888 Seventh Avenue New York City NY United States of America 10106
IPO Date
Jul 20, 2017
Business
TPG RE Finance Trust, Inc. (NYSE: TRTX) is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans and other commercial real estate-related debt instruments, including subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, miscellaneous debt instruments, commercial real estate collateralized loan obligations, and commercial mortgage-backed securities secured by properties in multifamily, life science, mixed-use, hospitality, self-storage, industrial, and office sectors; the company focuses on floating-rate senior loans for transitional, value-add properties owned by institutional investors in primary and select secondary markets across the United States and North America. Founded in late 2014 by TPG, a global alternative asset firm, and taken public in July 2017, TRTX is externally managed by a TPG affiliate and headquartered in New York with a portfolio of total commitments exceeding $5.2 billion. Recent developments include the closing of TRTX 2025-FL7, a $1.1 billion managed commercial real estate collateralized loan obligation in November 2025 providing approximately $957 million in non-recourse term financing at Term SOFR plus 1.67% with a 30-month reinvestment period and 87% advance rate; the extension of its secured revolving credit facility to February 2028 with capacity increased to $375 million across seven lenders and the refinancing of collateral interests via TRTX 2025-FL6 in early 2025; origination of four first mortgage loans totaling $279.2 million in commitments during the third quarter of 2025; and approval of a $25 million common stock repurchase program in September 2025.

Company News

MCPAPIChat
  • TPG RE Finance Trust, Inc. Declares Cash Dividend on Common Stock

  • TPG RE Finance Trust, Inc. Declares Cash Dividend on Series C Cumulative Redeemable Preferred Stock

  • TRTX vs. SUHJY: Which Stock Is the Better Value Option?

  • TPG RE Finance Trust, Inc. Announces Closing of New $400 Million Senior Secured Term Loan B and $100 Million Revolving Credit Facility

  • TRTX or SUHJY: Which Is the Better Value Stock Right Now?

  • REITs Excel, Earnings Swell, Fed Rebels

  • TPG RE Finance Trust: Attractive Preferred Shares And A Robust Balance Sheet

  • TPG RE Finance Trust, Inc. (TRTX) Q1 2026 Earnings Call Transcript

  • Compared to Estimates, TPG RE Finance Trust (TRTX) Q1 Earnings: A Look at Key Metrics

  • TPG RE Finance Trust (TRTX) Q1 Earnings Match Estimates

  • TPG RE Finance Trust, Inc. Reports Operating Results for the Quarter Ended March 31, 2026

  • TRTX vs. VTMX: Which Stock Is the Better Value Option?

  • TPG RE Finance Trust, Inc. Announces First Quarter 2026 Earnings Release and Conference Call Dates

  • TPG RE Finance Trust (NYSE:TRTX) vs. Hang Lung Properties (OTCMKTS:HLPPY) Head-To-Head Comparison

  • Financial Contrast: Santa Fe Financ (OTCMKTS:SFEF) and TPG RE Finance Trust (NYSE:TRTX)

  • TPG RE Finance Trust, Inc. Declares Cash Dividend on Common Stock

  • TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives Consensus Rating of “Hold” from Brokerages

  • TPG RE Finance Trust, Inc. Declares Cash Dividend on Series C Cumulative Redeemable Preferred Stock

  • TPG RE Finance Trust, Inc. (TRTX) Q4 2025 Earnings Call Transcript

  • Compared to Estimates, TPG RE Finance Trust (TRTX) Q4 Earnings: A Look at Key Metrics