TPG RE Finance Trust, Inc.
TPG RE Finance Trust, Inc. is a commercial real estate finance company that specializes in the direct origination and acquisition of commercial real estate-related credit assets. The company focuses on first mortgage loans secured by institutional-quality properties undergoing transition or repositioning. It operates as a REIT and leverages the global alternative asset management platform of TPG to source and manage its portfolio.
Financials
Based on Q1 2026 filing
Business Segments
Commercial Real Estate Lending
primaryThe company's primary business activity involves originating and acquiring a diversified portfolio of first mortgage loans and senior participation interests. These loans are typically floating-rate and secured by high-quality properties in primary and select secondary U.S. markets.
Commercial Mortgage Loans, Senior Participation Interests, Pari Passu Participations
Institutional Real Estate Owners, Property Developers, Commercial Real Estate Investors
Segment Financials
San Antonio, TX — Number of properties owned
View metricVarious — Total loan commitment
View metricEast — Total loan commitment
View metricBusiness Overview
Competitive Position
A specialized commercial mortgage REIT backed by the extensive resources and deal flow of TPG's global real estate platform.
Geographies
United States
Customer Segments
Institutional Investors, Commercial Property Owners
Upstream Dependencies
Capital Markets, Warehouse Financing Providers, TPG Management Services
Downstream Customers
Commercial Real Estate Borrowers, Property Owners undergoing repositioning
Competitors & Partners
Competitors
Apollo Commercial Real Estate Finance
ARI
Competitor in the origination of commercial real estate loans.
Blackstone Mortgage Trust
BXMT
Direct competitor in the commercial mortgage REIT sector.
Starwood Property Trust
STWD
Direct competitor in commercial real estate lending and mortgage REITs.
Granite Point Mortgage Trust
GPMT
Peer mortgage REIT focused on commercial loan originations
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Subsidiaries
TPG RE Finance Trust Holdco, LLC
Primary operating subsidiary and holding company for the REIT's assets.
TPG RE Finance Trust, Inc. FAQ
Common questions about TPG RE Finance Trust, Inc.
TPG RE Finance Trust, Inc. is a commercial real estate finance company that specializes in the direct origination and acquisition of commercial real estate-related credit assets. The company focuses on first mortgage loans secured by institutional-quality properties undergoing transition or repositioning. It operates as a REIT and leverages the global alternative asset management platform of TPG to source and manage its portfolio.
TPG RE Finance Trust, Inc. (TRTX) has a market capitalization of $652.5M and trades on NYSE.
TPG RE Finance Trust, Inc. generated $296.4M in trailing twelve-month revenue with net income of $65.5M, representing a net margin of 22.1%. These figures are based on the Q1 2026 filing.
TPG RE Finance Trust, Inc.'s key competitors include Apollo Commercial Real Estate Finance, Inc., Blackstone Mortgage Trust, Inc., Starwood Property Trust, Inc., and others. These companies compete in similar markets and product categories.