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TPG RE Finance Trust, Inc.

TRTX

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.

Market cap
$486.81M-31.3%
Revenue$305.0M+7.1%
Net income$45.4M-32.2%
Free cash flow$84.6M-7.3%
EPS (diluted)$0.40-38.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q3 2026

Income statement

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Revenue$82.3M+6.8%
Net income$9.4M-57.4%
EPS (diluted)$0.08-65.2%

Balance sheet

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Cash & equivalents$70.8M+332%
Total equity$1.0B-5.4%
Total assets$5.2B+29.0%

Cash flow

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Operating cash flow$14.4M-34.1%
CapEx$47.0K-92.2%
Free cash flow$14.3M-32.5%

Valuation & ratios

Valuation

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Market cap$486.81M-31.3%
P/E10.7×+0.5×
P/S1.6×-0.8×

Profitability

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Net margin14.9%-8.6pp
FCF margin27.7%-4.3pp

Returns & leverage

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Return on equity4.3%-1.8pp

Competitors

Profile

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.

Competitive position

A specialized commercial mortgage REIT backed by the extensive resources and deal flow of TPG's global real estate platform.

GeographiesUnited States
Customer segmentsInstitutional Investors, Commercial Property Owners
Business modelDirect Lending, Asset Management, REIT
SuppliersCapital Markets, Warehouse Financing Providers, TPG Management Services
CustomersCommercial Real Estate Borrowers, Property Owners undergoing repositioning
Listed2017
CEODoug Bouquard
FilingsSEC EDGAR

FAQ

What is TPG RE Finance Trust, Inc.'s market cap?
TPG RE Finance Trust, Inc. (TRTX) has a market capitalization of $486.8M and trades on NYSE.
What is TPG RE Finance Trust, Inc.'s revenue and profitability?
TPG RE Finance Trust, Inc. generated $305.0M in trailing twelve-month revenue with net income of $45.4M, representing a net margin of 14.9%, with free cash flow of $84.6M. The latest reported period is Q3 2026.
Who are TPG RE Finance Trust, Inc.'s competitors?
TPG RE Finance Trust, Inc.'s key competitors include Apollo Commercial Real Estate Finance, Inc., Blackstone Mortgage Trust, Inc., Granite Point Mortgage Trust Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does TPG RE Finance Trust, Inc. partner with?
TPG RE Finance Trust, Inc.'s notable partners include TPG Inc..
What subsidiaries does TPG RE Finance Trust, Inc. have?
TPG RE Finance Trust, Inc.'s subsidiaries include TPG RE Finance Trust Holdco, LLC.
Where is TPG RE Finance Trust, Inc. headquartered?
TPG RE Finance Trust, Inc. is headquartered in United States of America. It has been publicly traded since 2017.