1. United States of America Stocks

  2. •

    Real Estate

  3. •

    REIT - Mortgage
TPG RE Finance Trust, Inc.

TPG RE Finance Trust, Inc.

TRTX-PC
TPG RE Finance Trust, Inc.US flagNew York Stock Exchange
18.50
USD
-0.01
- -
664.12MMarket 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
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
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
- -
- -
- -

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
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Doug Bouquard
Sector
Real Estate
Industry
REIT - Mortgage
Address
888 Seventh Avenue New York City NY United States of America 10106
IPO Date
Jun 8, 2021
CIK
0001630472
Website
tpgrefinance.com
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TPG RE Finance Trust, Inc. (TRTX-PC)
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 senior participation interests therein and mezzanine loans, secured by high-quality institutional properties in primary and select secondary markets across the United States and North America; it focuses on floating-rate loans for properties undergoing transition and value creation, such as multifamily, hotel, industrial, and life science assets, with a portfolio comprising approximately 53 loans and total commitments of $5.2 billion. The company, founded in October 2014 and headquartered at 888 Seventh Avenue, 35th Floor, New York, New York 10106, is externally managed by TPG RE Finance Trust Management, L.P., an affiliate of global alternative asset manager TPG Inc., and conducts operations primarily through its wholly owned subsidiary TPG RE Finance Trust Holdco, LLC. TRTX targets institutional owners with transitional capital needs, offering flexible, highly structured financing solutions greater than $50 million per loan, and aims to deliver risk-adjusted returns to stockholders via cash distributions and capital appreciation. Recent developments include the November 2025 closing of TRTX 2025-FL7, a $1.1 billion managed commercial real estate collateralized loan obligation with $957 million in investment-grade securities placed, a 30-month reinvestment period, 87% advance rate, and Term SOFR plus 1.67% weighted average interest rate, to redeem the prior TRTX 2021-FL4 issuance and generate $58.5 million in net cash proceeds; earlier in 2025, it completed TRTX 2025-FL6, another $1.1 billion CRE CLO in March, along with $1.8 billion in new loan originations year-to-date through Q3, including $279.2 million in Q3 commitments at Term SOFR plus 3.22% and as-is LTV of 64.9%, $196.5 million closed post-quarter-end, robust pipeline activity exceeding $670 million, share repurchases totaling $9.7 million under expanded $25 million programs boosting book value, and increased non-mark-to-market financings to 87.4% of borrowings.