What is TPG RE Finance Trust, Inc.'s enterprise value?

TPG RE Finance Trust, Inc. (TRTX) reported enterprise value of $4.42B in Q1 2026.

What does enterprise value mean?

What it would cost to buy the entire business, debt included and cash netted out.

How do you interpret enterprise value?

The capital-structure-neutral valuation base — used in EV/EBITDA and EV/Sales to compare companies with different leverage on a like-for-like footing.

How does enterprise value compare across companies?

Comparable across non-financial companies via the EV multiples it feeds; not used for banks and insurers.

TPG RE Finance Trust, Inc. TRTX Enterprise value

Enterprise value at other companies

Blackstone Mortgage TrustBXMT

$19.57B-1.1%

Starwood Property TrustSTWD

$6.06B+3.3%

FBR

Franklin BSP Realty TrustFBRT

$581.83M—

KKR Real Estate Finance TrustKREF

$4.31B+12.4%

Claros Mortgage TrustCMTG

$682.52M-38.0%

Seven Hills Realty TrustSEVN

$193.63M—

Other financials

Income statement

See full

Revenue$74.2M+9.0%

Net income$18.9M+38.1%

EPS (diluted)$0.19+58.3%

Balance sheet

See full

Cash & equivalents$15.0M-95.9%

Total debt$3.8B—

Total equity$1.1B-3.8%

Total assets$4.5B+12.9%

Cash flow

See full

Operating cash flow$24.6M+28.4%

CapEx$8.0K-96.7%

Free cash flow$24.6M+30.0%

Valuation

See full

Market cap$657.89M-7.3%

P/E10×+0.1×

P/S2.2×-0.2×

Profitability

See full

Net margin22.1%-2.2pp

Returns & leverage

See full

Return on equity6.1%-0.4pp

Debt / equity3.6×—

Where this comes from

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

$611.9Mmarket cap+$3.8Btotal debt−$15.0Mcash and equivalents=$4.42B

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 enterprise value?: TPG RE Finance Trust, Inc. (TRTX) reported enterprise value of $4.42B in Q1 2026.
What does enterprise value mean?: What it would cost to buy the entire business, debt included and cash netted out.
How do you interpret enterprise value?: The capital-structure-neutral valuation base — used in EV/EBITDA and EV/Sales to compare companies with different leverage on a like-for-like footing.
How does enterprise value compare across companies?: Comparable across non-financial companies via the EV multiples it feeds; not used for banks and insurers.