What is TPG RE Finance Trust, Inc.'s various — prior liens?

TPG RE Finance Trust, Inc. (TRTX) reported various — prior liens of $0 in Q4 2025.

What does various — prior liens mean?

Refers to the existence of debt obligations that have a higher priority claim on the collateral than the company's own loan. This metric is used to assess the seniority of the company's position in the capital stack. It is a key indicator of credit risk and potential recovery in the event of default.

TPG RE Finance Trust, Inc. TRTX Various — Prior Liens

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Other financials

Income statement

See full

Revenue$74.2M+9.0%

Net income$18.9M+38.0%

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

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$677.99M+4.2%

Enterprise value$4.48B—

P/E10.3×+0.7×

P/S2.3×0.0×

Profitability

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Net margin22.1%-2.2pp

FCF margin32.1%0.0pp

Returns & leverage

See full

Return on equity6.1%-0.4pp

Debt / equity3.6×—

Where this comes from

Reported directly by TPG RE Finance Trust, Inc. in its filing.

Tagged under the XBRL concept srt:MortgageLoansOnRealEstatePriorLiens1.

The official record: TPG RE Finance Trust, Inc.’s 10-K, filed February 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is TPG RE Finance Trust, Inc.'s various — prior liens?: TPG RE Finance Trust, Inc. (TRTX) reported various — prior liens of $0 in Q4 2025.
What does various — prior liens mean?: Refers to the existence of debt obligations that have a higher priority claim on the collateral than the company's own loan. This metric is used to assess the seniority of the company's position in the capital stack. It is a key indicator of credit risk and potential recovery in the event of default.