TRTX
Company Description
TPG RE Finance Trust, Inc., a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the office, multifamily, life science, mixed-use, hospitality, industrial, and retail real estate sectors. 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.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 332.57M | 350.93M | 390.17M | 305.71M | 240.72M | 80.81M | 341.57M | 266.90M | 200.60M | 154.05M | 77.13M | 1.85M |
| Net Income | 60.32M | 74.33M | (116.63M) | (60.07M) | 138.55M | (136.83M) | 126.31M | 106.94M | 94.35M | 69.97M | 59.35M | (8.25M) |
| EPS | 0.57 | 0.75 | -1.69 | -0.95 | 0.92 | -2.03 | 1.73 | 1.70 | 1.74 | 1.14 | 1.51 | -0.13 |
| Free Cash Flow | 84.22M | 106.81M | 74.76M | 95.44M | 132.17M | 132.09M | 121.67M | 107.70M | 91.06M | 85.23M | N/A | N/A |
| FCF / Share | 1.06 | 1.34 | 0.96 | 1.23 | 1.72 | 1.72 | 1.67 | 1.71 | 1.68 | 1.39 | N/A | N/A |
| Operating CF | 90.36M | 112.13M | 80.13M | 100.50M | 132.17M | 132.09M | 121.67M | 107.70M | 91.17M | 85.73M | N/A | N/A |
| Total Assets | 4.41B | 3.73B | 4.21B | 5.55B | 5.22B | 4.91B | 5.89B | 4.53B | 3.36B | 2.67B | N/A | N/A |
| Total Debt | 3.29B | 2.57B | 3.04B | 4.16B | 3.71B | 3.39B | 4.33B | 1.66B | 287.89M | 1.66B | N/A | N/A |
| Cash & Equiv | 88.27M | 190.16M | 206.38M | 254.05M | 260.63M | 319.67M | 79.18M | 39.72M | 75.04M | 103.13M | N/A | N/A |
| Book Value | 1.07B | 1.11B | 1.12B | 1.32B | 1.46B | 1.47B | 1.50B | 1.33B | 1.20B | 970.69M | N/A | N/A |
| Return on Equity | 0.06 | 0.07 | -0.10 | -0.05 | 0.09 | -0.09 | 0.08 | 0.08 | 0.08 | 0.07 | N/A | N/A |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 85.77M | 84.02M | 86.66M | 82.23M | 78.90M | 78.81M | 88.48M | 89.65M | 93.99M | 94.26M | 97.46M | 103.18M |
| Net Income | 18.94M | 3.98M | 21.99M | 20.63M | 13.72M | 10.68M | 22.19M | 24.71M | 16.74M | 6.38M | (61.21M) | (69.17M) |
| EPS | 0.19 | 0.00 | 0.24 | 0.21 | 0.12 | 0.09 | 0.23 | 0.26 | 0.17 | 0.03 | -0.83 | -0.94 |
| Free Cash Flow | 22.47M | 21.11M | 20.62M | 23.88M | 18.62M | 23.59M | 23.26M | 23.99M | 35.97M | 20.20M | 23.78M | 7.31M |
| FCF / Share | 0.29 | 0.27 | 0.26 | 0.30 | 0.23 | 0.29 | 0.29 | 0.30 | 0.46 | 0.26 | 0.31 | 0.09 |
| Operating CF | 24.57M | 24.66M | 21.84M | 24.73M | 19.13M | 25.50M | 23.71M | 25.55M | 37.37M | 23.22M | 26.12M | 7.31M |
| Total Assets | 4.47B | 4.41B | 4.06B | 4.16B | 3.96B | 3.73B | 3.66B | 3.70B | 3.83B | 4.21B | 4.46B | 4.98B |
| Total Debt | 3.36B | 3.29B | 2.93B | 3.02B | 2.81B | 2.57B | 2.49B | 2.52B | 2.66B | 3.04B | 3.25B | 3.69B |
| Cash & Equiv | 91.98M | 87.61M | 93.59M | 165.85M | 363.02M | 190.16M | 226.32M | 259.24M | 203.08M | 206.38M | 302.26M | 307.44M |
| Book Value | 1.06B | 1.07B | 1.08B | 1.09B | 1.10B | 1.11B | 1.12B | 1.12B | 1.12B | 1.12B | 1.14B | 1.22B |
| Return on Equity | 0.02 | 0.00 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | -0.05 | -0.06 |
