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Price / earnings at other companies

Blackstone Mortgage Trust logo
Blackstone Mortgage TrustBXMT
31.2×
Starwood Property Trust logo
Starwood Property TrustSTWD
18.2×-2.8×
Apollo Commercial Real Estate Finance logo
Apollo Commercial Real Estate FinanceARI
11.5×
FBR
Franklin BSP Realty TrustFBRT
9.8×-2.7×
KKR Real Estate Finance Trust logo
KKR Real Estate Finance TrustKREF
21.9×
Claros Mortgage Trust logo
Claros Mortgage TrustCMTG
313.8×

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/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×

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 price / earnings?
TPG RE Finance Trust, Inc. (TRTX) reported price / earnings of 9.3× in Q1 2026.
How has TPG RE Finance Trust, Inc.'s price / earnings changed year-over-year?
TPG RE Finance Trust, Inc.'s price / earnings increased by 0.9% year-over-year, from 9.3× to 9.3×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.