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Debt-to-equity at other companies

Blackstone Mortgage Trust logo
Blackstone Mortgage TrustBXMT
4.9×+0.3×
Starwood Property Trust logo
Starwood Property TrustSTWD
0.0×
FBR
Franklin BSP Realty TrustFBRT
KKR Real Estate Finance Trust logo
KKR Real Estate Finance TrustKREF
3.7×+1.3×
Seven Hills Realty Trust logo
Seven Hills Realty TrustSEVN
0.2×
MFA Financial logo
MFA FinancialMFA
0.0×

Other financials

Income statement

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Revenue$74.2M+9.0%
Net income$18.9M+38.1%
EPS (diluted)$0.19+58.3%

Balance sheet

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Cash & equivalents$15.0M-95.9%
Total debt$3.8B
Total equity$1.1B-3.8%
Total assets$4.5B+12.9%

Cash flow

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Operating cash flow$24.6M+28.4%
CapEx$8.0K-96.7%
Free cash flow$24.6M+30.0%

Valuation

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Market cap$657.89M-7.3%
Enterprise value$4.46B
P/E10×+0.1×
P/S2.2×-0.2×

Profitability

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Net margin22.1%-2.2pp

Returns & leverage

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Return on equity6.1%-0.4pp

Where this comes from

Calculated from TPG RE Finance Trust, Inc.’s reported figures.

Based on the most recent quarter.

The official record: TPG RE Finance Trust, Inc.’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is TPG RE Finance Trust, Inc.'s debt-to-equity?
TPG RE Finance Trust, Inc. (TRTX) reported debt-to-equity of 3.6× in Q1 2026.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.