Carrying Amount of Loans

TPG RE Finance Trust, Inc.·Geographic·4 segments·Rolls up to Mortgage Loans On Real Estate

Breakdown

Segments

San JoseView metric

Daly CityView metric

VariousView metric

TowsonView metric

Segment	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
San Jose	—	—	—	$253.11M	$266.88M
Daly City	$122.07M	$174.35M	$200.16M	$205.49M	$227.11M
Various	$186.39M	$169.60M	$121.13M	$114.21M	$194.48M
Towson	—	—	—	$113.03M	$162.10M
Total	$4.87B	$4.78B	—	—	—