TRTX - TPG RE Finance Trust, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$10.00
DETAILS
HIGH:
$10.00
LOW:
$10.00
MEDIAN:
$10.00
CONSENSUS:
$10.00
UPSIDE:
20.34%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Revenue | 332.6 | 350.9 | 390.2 | 305.7 | 240.7 | 80.8 | 341.6 | 266.9 | 200.6 | 154.0 | 77.1 | 1.8 |
| Cost of Revenue | 68.8 | 69.1 | 33.3 | 30.6 | 23.1 | 22.0 | 30.6 | 26.4 | 100.0 | 78.7 | 61.7 | 1.6 |
| Gross Profit | 263.7 | 281.8 | 356.8 | 275.1 | 217.6 | 58.8 | 311.0 | 240.5 | 100.6 | 75.4 | 15.4 | 0.2 |
| Operating Expenses | ||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 42.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.0 | 8.5 |
| Other Expenses | (21.5) | 5.6 | 205.0 | 187.2 | 8.7 | 88.1 | 184.1 | 7.2 | 6.1 | 5.4 | 29.4 | 0 |
| Operating Expenses | 21.1 | 5.6 | 205.0 | 187.2 | 8.7 | 88.1 | 184.1 | 7.2 | 6.1 | 5.4 | 31.4 | 8.5 |
| Operating Income | ||||||||||||
| Operating Income | 242.7 | 276.2 | 151.9 | 87.9 | 208.9 | (29.3) | 126.9 | 233.3 | 94.5 | 70.0 | 108.5 | (8.2) |
| Interest Expense | 189.0 | 201.5 | 275.3 | 160.8 | 85.1 | 107.2 | 174.8 | 126.0 | 0 | 0 | 47.6 | 0 |
| Interest Income | 290.2 | 307.1 | 362.6 | 302.9 | 240.2 | 283.7 | 339.8 | 265.6 | 198.9 | 153.6 | 128.6 | 0 |
| Profitability | ||||||||||||
| EBITDA | 262.4 | 291.1 | 162.4 | 101.2 | 224.7 | (29.3) | 301.7 | 233.3 | 94.5 | 70.0 | 0 | (8.2) |
| EBIT | 249.7 | 276.2 | 158.9 | 101.2 | 224.7 | (29.3) | 301.7 | 233.3 | 94.5 | 70.0 | 61.0 | (8.2) |
| Income Before Tax | 60.7 | 74.7 | (116.4) | (59.5) | 139.6 | (136.5) | 126.9 | 107.3 | 94.5 | 70.0 | 61.0 | (8.2) |
| Income Tax Expense | 0.4 | 0.4 | 0.3 | 0.5 | 1.1 | 0.3 | 0.6 | 0.3 | 0.1 | (0.0) | 1.6 | 0 |
| Net Income | 60.3 | 74.3 | (116.6) | (60.1) | 138.6 | (136.8) | 126.3 | 106.9 | 94.4 | 70.0 | 59.4 | (8.2) |
| Per Share Data | ||||||||||||
| EPS (Basic) | 0.57 | 0.75 | -1.69 | -0.95 | 0.92 | -2.03 | 1.73 | 1.70 | 1.74 | 1.14 | 1.51 | -0.13 |
| EPS (Diluted) | 0.57 | 0.75 | -1.69 | -0.95 | 0.87 | -2.03 | 1.73 | 1.70 | 1.74 | 1.14 | 0.98 | -0.13 |
| Shares Outstanding | 79.3 | 79.8 | 77.6 | 77.3 | 77.0 | 76.7 | 72.7 | 63.0 | 54.2 | 61.3 | 39.4 | 61.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 88.3 | 190.2 | 206.4 | 254.1 | 260.6 | 319.7 | 79.2 | 39.7 | 75.0 | 103.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 29.1 | 27.6 | 98.7 | 4,781.4 | 4,867.2 | 4,456.5 | 4,980.4 | 117.2 | 17.2 | 49.4 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (2,665.6) |
| Other Current Assets | 0 | (217.8) | (305.1) | 503.5 | 27.4 | 28.8 | 44.7 | 0 | 85.5 | 50.3 |
| Total Current Assets | 117.4 | 0 | 0 | 5,538.9 | 5,155.3 | 4,804.9 | 5,104.2 | 134.8 | 177.8 | 152.5 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 224.4 | 0 | 0 | 0 | 60.6 | 99.2 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 12.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 4.0 | 0 | 0 | 0 | 0 | 0 | 1.1 | 38.1 | 38.1 | 61.5 |
| Other Non-Current Assets | 4,048.1 | 0 | 0 | 6.2 | 2.1 | 4.6 | 787.5 | (172.9) | (215.9) | (2,664.9) |
| Total Non-Current Assets | 4,288.8 | 0 | 0 | 6.2 | 62.8 | 103.8 | 788.6 | 4,392.0 | 3,177.6 | 62.2 |
| Total Assets | 4,406.2 | 3,731.4 | 4,214.3 | 5,545.1 | 5,218.0 | 4,908.7 | 5,892.9 | 4,526.8 | 3,355.4 | 2,665.6 |
| Current Liabilities | ||||||||||
| Account Payables | 6.8 | 6.7 | 10.2 | 0 | 0 | 0 | 0 | 6.1 | 5.4 | 2.9 |
| Short-Term Debt | 660.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 287.9 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 0.3 | (1,659.7) |
| Other Current Liabilities | (31.4) | (46.8) | (48.9) | 36.3 | 28.4 | 32.4 | 32.8 | 1,044.6 | 1,539.5 | (31.8) |
| Total Current Liabilities | 660.3 | 0 | 0 | 61.2 | 44.0 | 52.0 | 55.0 | 1,093.9 | 1,866.2 | 2.9 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 2,628.7 | 2,568.8 | 3,039.4 | 4,160.5 | 3,707.9 | 3,388.7 | 4,331.6 | 1,655.8 | 0 | 1,662.6 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 153.4 |
| Other Non-Current Liabilities | 47.3 | (2,570.6) | (3,040.6) | 1.5 | 1.4 | 1.6 | 2.4 | 1,542.9 | 1,865.5 | (1,663.1) |
| Total Non-Current Liabilities | 2,677.9 | 0 | 0 | 4,162.0 | 3,709.3 | 3,390.3 | 4,333.9 | 2,105.7 | 287.9 | 1,663.1 |
| Total Liabilities | 3,338.2 | 2,617.4 | 3,089.5 | 4,223.1 | 3,753.3 | 3,442.3 | 4,388.9 | 3,199.6 | 2,154.1 | 1,694.9 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 |
| Retained Earnings | (672.6) | (617.2) | (600.3) | (395.0) | (247.3) | (292.9) | (28.1) | (25.9) | (14.8) | (10.1) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 1.1 | (2.0) | (0.0) | 1.2 |
| Total Stockholders' Equity | 1,068.0 | 1,114.0 | 1,124.8 | 1,322.0 | 1,464.7 | 1,466.5 | 1,504.0 | 1,327.2 | 1,201.3 | 970.7 |
| Total Liabilities & Equity | 4,406.2 | 3,731.4 | 4,214.3 | 5,545.1 | 5,218.0 | 4,908.7 | 5,892.9 | 4,526.8 | 3,355.4 | 2,665.6 |
| Debt Metrics | ||||||||||
| Total Debt | 3,289.0 | 2,568.8 | 3,039.4 | 4,160.5 | 3,707.9 | 3,388.7 | 4,331.6 | 1,655.8 | 287.9 | 1,662.6 |
| Net Debt | 3,200.7 | 2,378.7 | 2,833.0 | 3,906.5 | 3,447.3 | 3,069.1 | 4,252.4 | 1,616.1 | 212.8 | 1,559.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 60.3 | 74.3 | (116.6) | (60.1) | 138.6 | (136.8) | 126.3 | 106.9 | 94.4 | 70.0 |
| Depreciation & Amortization | 12.6 | 15.7 | 3.5 | (11.1) | 0 | 2.4 | 2.7 | 1.2 | (7.7) | 0.0 |
| Stock-Based Compensation | 9.8 | 6.4 | 8.0 | 5.1 | 5.8 | 5.8 | 2.6 | 0.7 | 0.0 | 0 |
| Change in Working Capital | (0.4) | 8.8 | 0.8 | (9.4) | (0.1) | (7.7) | (10.2) | (1.7) | (0.9) | 1.3 |
| Other Non-Cash Items | 8.0 | 6.9 | 184.4 | 176.0 | (12.1) | 270.9 | 3.0 | 1.8 | 5.5 | 14.4 |
| Operating Cash Flow | 90.4 | 112.1 | 80.1 | 100.5 | 132.2 | 132.1 | 121.7 | 107.7 | 91.2 | 85.7 |
| Investing Activities | ||||||||||
| Capital Expenditure | (6.1) | (5.3) | (5.4) | (5.1) | 0 | 0 | 0 | 0 | (0.1) | (0.5) |
| Acquisitions | 0 | 0 | 0 | 602.2 | 0 | 0 | 0 | 0 | (671.5) | 0 |
| Purchases of Investments | 0 | 0 | 0 | (1,664.6) | 0 | (168.9) | (815.0) | (143.5) | (96.3) | (59.5) |
| Sales/Maturities of Investments | 0 | 92.8 | 247.6 | 1,062.4 | 0 | 766.4 | 94.8 | 2.7 | 64.9 | 782.2 |
| Other Investing Activities | (783.6) | 347.7 | 853.1 | (447.5) | (342.9) | 367.0 | (588.4) | (1,052.1) | 0.5 | (485.2) |
| Investing Cash Flow | (789.7) | 440.5 | 1,095.4 | (452.6) | (342.9) | 964.6 | (1,308.6) | (1,192.9) | (702.6) | (544.7) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 735.4 | (476.8) | (1,130.8) | 457.0 | 314.6 | (964.2) | 1,193.3 | 1,053.2 | 449.1 | 287.7 |
| Stock Repurchased | (25.3) | (0.0) | 0 | 0 | 0 | 0 | (0.0) | (8.8) | (13.9) | 0 |
| Dividends Paid | (91.1) | (90.4) | (88.4) | (92.9) | (98.3) | (96.9) | (124.6) | (103.2) | (80.3) | (73.1) |
| Other Financing Activities | (21.8) | (1.9) | (3.6) | (18.8) | (18.0) | (19.0) | (17.4) | (30.4) | (15.8) | 242.6 |
| Financing Cash Flow | 597.1 | (569.2) | (1,222.8) | 345.3 | 152.1 | (856.7) | 1,225.9 | 1,050.2 | 583.2 | 457.2 |
| Cash Position | ||||||||||
| Net Change in Cash | (102.2) | (16.5) | (47.3) | (6.7) | (58.6) | 240.0 | 38.9 | (35.0) | (28.2) | (1.8) |
| Cash at Beginning | 190.5 | 207.0 | 254.3 | 261.0 | 319.7 | 79.7 | 40.7 | 75.7 | 104.0 | 104.9 |
| Cash at End | 88.3 | 190.5 | 207.0 | 254.3 | 261.0 | 319.7 | 79.7 | 40.7 | 75.7 | 103.1 |
| Free Cash Flow | 84.2 | 106.8 | 74.8 | 95.4 | 132.2 | 132.1 | 121.7 | 107.7 | 91.1 | 85.2 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 332.6 | 350.9 | 390.2 | 305.7 | 240.7 | 80.8 | 341.6 | 266.9 | 200.6 | 154.0 | 77.1 | 1.8 |
| Gross Profit | 263.7 | 281.8 | 356.8 | 275.1 | 217.6 | 58.8 | 311.0 | 240.5 | 100.6 | 75.4 | 15.4 | 0.2 |
| Operating Income | 242.7 | 276.2 | 151.9 | 87.9 | 208.9 | (29.3) | 126.9 | 233.3 | 94.5 | 70.0 | 108.5 | (8.2) |
| Net Income | 60.3 | 74.3 | (116.6) | (60.1) | 138.6 | (136.8) | 126.3 | 106.9 | 94.4 | 70.0 | 59.4 | (8.2) |
| EPS (Diluted) | 0.57 | 0.75 | -1.69 | -0.95 | 0.87 | -2.03 | 1.73 | 1.70 | 1.74 | 1.14 | 0.98 | -0.13 |
| Balance Sheet | ||||||||||||
| Cash & Equivalents | 88.3 | 190.2 | 206.4 | 254.1 | 260.6 | 319.7 | 79.2 | 39.7 | 75.0 | 103.1 | ||
| Total Assets | 4,406.2 | 3,731.4 | 4,214.3 | 5,545.1 | 5,218.0 | 4,908.7 | 5,892.9 | 4,526.8 | 3,355.4 | 2,665.6 | ||
| Total Debt | 3,289.0 | 2,568.8 | 3,039.4 | 4,160.5 | 3,707.9 | 3,388.7 | 4,331.6 | 1,655.8 | 287.9 | 1,662.6 | ||
| Stockholders' Equity | 1,068.0 | 1,114.0 | 1,124.8 | 1,322.0 | 1,464.7 | 1,466.5 | 1,504.0 | 1,327.2 | 1,201.3 | 970.7 | ||
| Cash Flow | ||||||||||||
| Operating Cash Flow | 90.4 | 112.1 | 80.1 | 100.5 | 132.2 | 132.1 | 121.7 | 107.7 | 91.2 | 85.7 | ||
| Capital Expenditure | (6.1) | (5.3) | (5.4) | (5.1) | 0 | 0 | 0 | 0 | (0.1) | (0.5) | ||
| Free Cash Flow | 84.2 | 106.8 | 74.8 | 95.4 | 132.2 | 132.1 | 121.7 | 107.7 | 91.1 | 85.2 | ||