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TPG RE Finance Trust, Inc. TRTX Net debt / EBITDA

Net debt / EBITDA at other companies

Blackstone Mortgage Trust logo
Blackstone Mortgage TrustBXMT
14.2×—
Starwood Property Trust logo
Starwood Property TrustSTWD
-0.3×+0.1×
KKR Real Estate Finance Trust logo
KKR Real Estate Finance TrustKREF
18.6×+11.1×
Seven Hills Realty Trust logo
Seven Hills Realty TrustSEVN
0.2×—
MFA Financial logo
MFA FinancialMFA
-0.3×0.0×
Ladder Capital logo
Ladder CapitalLADR
-0.1×0.0×

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
Debt / equity3.6×—

Questions, answered.

What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.