TPG RE Finance Trust, Inc. TRTX R2K
Real Estate · REIT - Mortgage · United States
TPG RE Finance Trust, Inc., a commercial real estate finance company, originates and acquires a portfolio of commercial real estate-related assets in the United States. It engages in directly originating and selectively acquiring first mortgage loans secured by commercial real estate properties; and invests in other commercial real estate-related debt instruments, including subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. TPG RE Finance Trust, Inc. was incorporated in 2014 and is based in New York, New York.
READ MORE ›$8.40
+22.69% 1Y
Market & Price
Market Cap
$649.39M
Current Price
$8.40
High / Low (52W)
$9.03 / $6.74
Beta
1.49
Valuation
Stock P/E
13.12
Industry PE
26.58
Forward P/E
7.53
PEG Ratio
-
Book Value
$13.56
Price to Book
0.62
P/S
4.77
EV/EBITDA
-
Dividend Yield
11.43%
Profitability & Returns
ROCE
-
ROE
6.05%
ROA
1.55%
Profit Margin
48.11%
Op Margin
50.68%
EPS (Latest Qtr)
$0.19
EPS (TTM)
$0.64
Balance Sheet & Liquidity
Debt/Equity
3.17
Quick Ratio
92.73
Current Ratio
92.75
Debt
$3.36B
Total Assets
$4.41B
Current Assets
-
Working Capital
-
Ownership
Promoter Holding
7.37%
Chg in Prom Hold
-
FII / Inst Holding
80.80%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
$3.92B
Total Revenue (TTM)
$136.23M
EBITDA
-
Free Cash Flow
-
Operating Cash Flow
$95.80M
Shares Outstanding
77.31M
Gross Margin
75.15%
Payout Ratio
150.00%
Growth (CAGR)
Revenue 5Y
-1.08%
Profit 5Y
66.81%
Revenue (YoY)
11.90%
Earnings (YoY)
58.30%
PROS
- Excellent profit margin of 48.1%.
- Profit CAGR of 66.8% over 5 years.
- Attractive dividend yield of 11.43%.
CONS
- Revenue declined at -1.1% CAGR over 5 years.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Real Estate).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TRTX TPG RE Finance Trust, Inc. R2K | 8.40 | 13.12 | $649.39M | 11.43% | - | 6.05% | -1.08% | 66.81% |
| 2 | WELL Welltower Inc. SPX | 205.33 | 99.19 | $144.95B | 1.44% | 0.26% | 3.67% | 22.69% | 87.90% |
| 3 | PLD Prologis, Inc. SPX | 143.47 | 36.14 | $133.76B | 2.98% | 4.94% | 6.84% | 13.74% | -0.36% |
| 4 | EQIX Equinix, Inc. SPX | 1,068.04 | 74.07 | $105.33B | 1.84% | 5.61% | 10.06% | 8.27% | 24.18% |
| 5 | AMT American Tower Corporation SPX | 186.96 | 30.11 | $87.10B | 3.73% | 7.82% | 29.95% | 3.34% | 12.73% |
| 6 | SPG Simon Property Group, Inc. SPX | 204.91 | 14.25 | $77.86B | 4.29% | 17.44% | 113.59% | 6.35% | 29.32% |
| 7 | DLR Digital Realty Trust, Inc. SPX | 190.00 | 50.53 | $67.96B | 2.57% | 3.99% | 5.69% | 9.22% | 51.32% |
| 8 | O Realty Income Corporation SPX | 61.28 | 50.23 | $57.14B | 5.30% | 3.27% | 2.83% | 19.80% | 6.78% |
| 9 | PSA Public Storage SPX | 303.69 | 31.34 | $53.31B | 3.95% | 10.69% | 20.18% | 4.88% | -25.69% |
Ad space
Quarterly Results
Figures in USD.
| Metric | Jun 2016 | Sep 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 36.61M | 42.58M | 37.19M | 34.89M | 36.78M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 43.14M | 45.52M | 48.82M | 48.98M | 48.46M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13.78M | 20.76M | 22.10M | 4.06M | 19.05M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 56.00K | 128.00K | 109.00K | 85.00K | 112.00K |
| Net Income | 17.12M | 17.44M | 23.48M | 25.33M | 20.79M | 25.11M | 26.44M | 26.82M | 28.41M | 31.97M | 33.02M | -232.79M | 42.93M | 38.45M | 31.95M | 32.39M | 29.32M | 23.78M | -5.43M | -114.61M | 7.38M | -69.17M | -61.21M | 16.74M | 24.71M | 22.19M | - | 13.72M | 20.63M | 21.99M | 3.98M | 18.94M |
| Diluted EPS | 0.52 | 0.43 | 0.48 | 0.52 | 0.35 | 0.42 | 0.44 | 0.42 | 0.42 | 0.43 | 0.44 | -3.05 | 0.52 | 0.39 | 0.30 | -0.27 | 0.32 | 0.25 | -0.11 | -1.52 | 0.05 | -0.94 | -0.83 | 0.17 | 0.26 | 0.23 | 0.09 | 0.12 | 0.21 | 0.23 | - | 0.19 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 156.27M | 122.07M | 151.19M | 151.27M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | 160.75M | 273.86M | 198.85M | 186.46M |
| Pretax Income | - | - | - | - | - | - | - | -59.54M | -116.37M | 74.73M | 60.70M |
| Tax Provision | - | - | - | - | - | - | - | 530.00K | 259.00K | 399.00K | 378.00K |
| Net Income | 59.35M | 69.97M | 94.35M | 106.94M | 126.31M | -136.83M | - | -60.07M | -116.63M | 74.33M | 60.32M |
| Diluted EPS | 1.81 | 1.69 | 1.74 | 1.70 | 1.73 | -2.03 | - | -0.95 | -1.69 | 0.75 | 0.57 |
Compounded Sales Growth
| 5 Years: | -1.08% |
| 1 Year: | 11.90% |
Compounded Profit Growth
| 5 Years: | 66.81% |
| 1 Year: | 58.30% |
Stock Price Performance
| 1 Year: | +22.69% |
| 6 Months: | -1.96% |
| 3 Months: | +2.34% |
| 1 Month: | +1.08% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 2.67B | 3.36B | 4.53B | 5.89B | 4.91B | - | 5.55B | 4.21B | 3.73B | 4.41B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash & Equivalents | - | - | 103.13M | 75.04M | 39.72M | 79.18M | 319.67M | - | 254.05M | 206.38M | 190.16M | 87.61M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | 206.06M | 98.70M | 27.65M | 29.15M |
| Total Liabilities | - | - | 1.69B | 2.15B | 3.20B | 4.39B | 3.44B | - | 4.22B | 3.09B | 2.62B | 3.34B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - |
| Long Term Debt | - | - | - | - | - | - | - | - | 4.16B | 3.04B | 2.57B | 3.29B |
| Total Debt | - | - | - | - | - | - | - | - | 4.16B | 3.04B | 2.57B | 3.29B |
| Total Equity | 588.39M | 716.35M | 970.69M | 1.20B | 1.33B | 1.50B | 1.27B | - | 1.32B | 1.12B | 1.11B | 1.07B |
| Shares Outstanding | - | - | - | - | - | - | - | - | 77.41M | 77.87M | 81.00M | 78.32M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 85.73M | 91.17M | 107.70M | 121.67M | 132.09M | - | 100.50M | 80.13M | 112.13M | 90.36M |
| Investing Cash Flow | -544.89M | -702.58M | -1.19B | -1.31B | 964.59M | - | -452.56M | 1.10B | 440.51M | -789.71M |
| Financing Cash Flow | 457.18M | 583.17M | 1.05B | 1.23B | -856.67M | - | 345.34M | -1.22B | -569.18M | 597.13M |
| Capital Expenditure | - | - | - | - | - | - | -5.06M | -5.36M | -5.32M | -6.14M |
| Free Cash Flow | - | - | - | - | - | - | 95.44M | 74.76M | 106.81M | 84.22M |
| Net Change in Cash | - | - | - | - | - | - | -6.72M | -47.30M | -16.54M | -102.22M |
| Share Buybacks | - | - | - | - | - | - | 0 | 0 | 37.00K | 25.35M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - |
| Net Margin % | - | - | - | - | - | - | - | -38.4% | -95.5% | 49.2% | 39.9% |
| ROE % | 8.3% | 7.2% | 7.9% | 8.1% | 8.4% | -10.8% | - | -4.5% | -10.4% | 6.7% | 5.6% |
| ROCE % | - | - | - | - | - | - | - | - | - | - | - |
Shareholding Pattern
Insiders
7.37%
Institutions
80.80%
Public Float
87.23%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Long Pond Capital, LP | 9.09% | 7.03M | $59.04M |
| 2 | Blackrock Inc. | 8.11% | 6.27M | $52.68M |
| 3 | Vanguard Capital Management LLC | 4.17% | 3.22M | $27.07M |
| 4 | Mirae Asset Global ETFs Holdings Ltd. | 4.12% | 3.18M | $26.72M |
| 5 | State of New Jersey Common Pension Fund A | 4.07% | 3.15M | $26.45M |
| 6 | Gratia Capital, LLC | 3.49% | 2.70M | $22.69M |
| 7 | TPG GP A, LLC | 3.10% | 2.39M | $20.10M |
| 8 | State Street Corporation | 2.45% | 1.90M | $15.94M |
| 9 | Two Sigma Investments, LP | 2.43% | 1.88M | $15.75M |
| 10 | Geode Capital Management, LLC | 2.38% | 1.84M | $15.48M |
Analyst View
Loading analyst coverage…
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for TRTX
No recent headlines available.