TPG RE Finance Trust, Inc.
TRTX-PC
New York Stock Exchange18.50
USD
-0.01
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TPG RE Finance Trust, Inc.
TRTX-PC
(New York Stock Exchange)
Recent
price
18.50
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- 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.