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NYSE · REIT - Mortgage · USD

TPG RE Finance Trust, Inc. (TRTX) Stock Analysis

TPG RE Finance Trust, Inc. (TRTX) is a REIT - Mortgage stock listed on NYSE and quoted in US Dollar.

TRTX

$7.89

+$0.04 (+0.51%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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TRTX Key Statistics

As of Sep 4, 2026
Trading
Open
$7.80
Previous Close
$7.85
Day's Range
7.80–7.93
52-Week Range
7.57–9.83
Volume
488.60K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.47
Valuation
Market Cap
$605.71M
P/E Ratio
14.35
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
7.10
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
4.58
EPS (ttm)Profit attributable to each share over the last twelve months.
0.55
Financials (FY)
Revenue (FY)
$151.27M+0.06%
Net Income (FY)
$60.32M−18.86%
Profit marginThe share of revenue left as profit after all costs and taxes.
43.89%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
76.77M
1-Year Return
−7.11%
Dividend and dates
Dividend
$0.96+12.17%
Ex-Dividend Date
June 26, 2026
Earnings Date
October 27, 2026
Avg Volume
784.46K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

TRTX Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−2.82%
2025+13.50%
2024+46.93%
2023+9.71%
2022−38.40%
2021+25.11%
2020−31.46%
2019+20.90%
2018+4.67%
2017 (partial year)+0.91%

As of September 4, 2026.

TRTX Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$151.27M$60.32M39.9%
2024$151.19M$74.34M49.2%
2023$122.07M−$116.63M−95.5%
2022$156.27M−$60.07M−38.4%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$151.27M——$60.32M39.9%
2024$151.19M——$74.34M49.2%
2023$122.07M——−$116.63M−95.5%
2022$156.27M——−$60.07M−38.4%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

TRTX Dividend History

$0.96+0.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$0.482—
2025$0.964+0.0%
2024$0.964+0.0%
2023$0.964+0.0%
YearDividends per sharePaymentsChange
2026 (partial year)$0.482—
2025$0.964+0.0%
2024$0.964+0.0%
2023$0.964+0.0%
2022$0.964+1.1%
2021$0.954−42.1%
2020$1.645−4.7%
2019$1.724+0.6%
2018$1.714+140.8%
2017$0.712—

Most recent payment: $0.24 per share, ex-dividend June 26, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

TRTX Valuation vs REIT - Mortgage Median

Median of 49 stocks
MetricTRTXREIT - Mortgage medianvs median
P/E14.358.7364% above
P/S ratio4.584.551% above
Profit margin43.89%48.95%5.1 pts below

Medians across 49 REIT - Mortgage stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

TPG RE Finance Trust, Inc. (TRTX) carries a market capitalisation of $605.71M. The company sits in the Real Estate sector, in the REIT - Mortgage industry.

TRTX last closed at $7.89 on September 4, 2026. That is +$0.04 (+0.51%) against the previous close. The 52-week range on file runs from $7.57 to $9.83. The latest close sits 4.3% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $151.27M. Against the prior fiscal year total of $151.19M, that is a change of +0.06%. Net income for the same year was $60.32M. That is −18.86% against the prior fiscal year. The reported profit margin is 43.89%. That is 5.1 percentage points below the REIT - Mortgage median of 48.95%. Trailing earnings per share are 0.55.

Across the 4 fiscal years on file, revenue moves from $156.27M in 2022 to $151.27M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 14.35 times earnings. That is 64.38% above the REIT - Mortgage median of 8.73. On forward earnings the ratio is 7.1. The price-to-sales ratio is 4.58. On price-to-sales that is 0.6% above the REIT - Mortgage median of 4.55. The medians here are taken across 49 REIT - Mortgage companies that report the metric.

The reported beta is 1.47. Daily returns over the trailing 9 years annualize to a volatility of 57.48%. Over the trailing twelve months the price has returned −7.11%. Across 5 years the annualized return works out at +2.33%.

Growth & Income

The trailing dividend yield is 12.17%. That is 1 percentage points below the REIT - Mortgage median yield of 13.14%. The indicated annual rate is $0.96 a share. The ex-dividend date on file is June 26, 2026. Dividends are recorded for 10 calendar years; 2026 shows 2 payments totalling $0.48 a share. The year before, 2025, totalled $0.96 a share.

Across the complete calendar years on file, 2024 returned +46.93% and 2022 returned −38.40%. Of the 8 complete calendar years on file, 6 finished higher. So far in 2026 the price is −2.82%.

Peer Comparison

TPG RE Finance Trust, Inc. (TRTX) operates in the REIT - Mortgage industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
TPG RE Finance Trust, Inc. TRTX $605.71M 14.3
Annaly Capital Management, Inc. NLY $17.19B 5.5
AGNC Investment Corp. AGNC $12.63B 5.3
Starwood Property Trust, Inc. STWD $6.11B 26.8

The REIT - Mortgage industry average P/E ratio is 8.7x. TPG RE Finance Trust, Inc. trades at a P/E of 14.3.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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 RITM

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 DX

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 BXMT

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About TPG RE Finance Trust, Inc.

TPG RE Finance Trust, Inc., a commercial real estate finance company, originates and acquires a portfolio of commercial real estate-related assets in the United States. It engages in directly originating and selectively acquiring first mortgage loans secured by commercial real estate properties; and invests in other commercial real estate-related debt instruments, including subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. TPG RE Finance Trust, Inc. was incorporated in 2014 and is based in New York, New York.

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