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TPG RE Finance Trust, Inc.NYSE:TRTX Stock Report

Market Cap US$675.1m
Share Price
US$8.72
My Fair Value
US$10
12.8% undervalued intrinsic discount
1Y4.4%
7D1.2%
Portfolio Value
View

TPG RE Finance Trust, Inc.

NYSE:TRTX Stock Report

Market Cap: US$675.1m

TPG RE Finance Trust (TRTX) Stock Overview

A commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. More details

TRTX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance3/6
Financial Health2/6
Dividends3/6

TRTX Community Fair Values

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TPG RE Finance Trust, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for TPG RE Finance Trust
Historical stock prices
Current Share PriceUS$8.72
52 Week HighUS$9.85
52 Week LowUS$6.47
Beta1.71
1 Month Change-7.14%
3 Month Change8.19%
1 Year Change4.43%
3 Year Change22.99%
5 Year Change1.28%
Change since IPO-55.46%

Recent News & Updates

Recent updates

TPG RE Finance Trust: Trading At A Significant Discount To Book Value

Jun 06

TPG RE Finance Trust: Buying 8.6% Yielding Preferreds As Rates Face Tariff Chaos

Mar 17
User avatar

Delayed Real Estate Recovery Presents Attractive Valuations For Future Investments

TRTX can benefit from real estate value recovery and declining bank competition, enhancing revenue through attractive lending opportunities.

TPG RE Finance Trust: I Doubled My Position In The 8% Yielding Preferreds

Nov 11

TPG RE Finance Trust: The Preferreds Are A Buy As Rate Cuts Loom

Aug 17

TPG RE Finance Trust: Winner In mREIT Rally And Wise Income Portfolio

Jul 23

TPG RE Finance Trust: The 11% Dividend Yield Comes With Multifamily Backing

May 09

TPG RE Finance Trust: Why I Bought The 9.5% Yielding Preferreds

Feb 29

TPG RE Finance Trust: The Dividend Yield Is Fat At 15% For A Reason

Dec 19

TPG RE Finance: Attractive Yield, Elevated Risk

Aug 14

TPG RE Finance Trust GAAP EPS of $0.42 beats by $0.29

Feb 21

TPG RE Finance Trust declares $0.24 dividend

Dec 12

TPG RE Finance Trust GAAP EPS of -$1.52

Nov 01

TPG RE Finance Trust declares $0.24 dividend

Sep 13

TPG RE Finance Trust Q2 2022 Earnings Preview

Aug 01

TPG RE Finance Trust: Can This mREIT Sustain Its High Yield?

Jun 18

Is TPG RE Finance Trust, Inc. (NYSE:TRTX) Popular Amongst Institutions?

Feb 23
Is TPG RE Finance Trust, Inc. (NYSE:TRTX) Popular Amongst Institutions?

Shareholder Returns

TRTXUS Mortgage REITsUS Market
7D1.2%-0.6%1.2%
1Y4.4%-4.9%17.9%

Return vs Industry: TRTX exceeded the US Mortgage REITs industry which returned -5.2% over the past year.

Return vs Market: TRTX underperformed the US Market which returned 18.7% over the past year.

Price Volatility

Is TRTX's price volatile compared to industry and market?
TRTX volatility
TRTX Average Weekly Movement3.1%
Mortgage REITs Industry Average Movement3.3%
Market Average Movement6.4%
10% most volatile stocks in US Market17.3%
10% least volatile stocks in US Market3.0%

Stable Share Price: TRTX has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: TRTX's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2014n/aDoug Bouquardwww.tpgrefinance.com

TPG RE Finance Trust, Inc., a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and industrial real estate sectors. The company qualifies as a real estate investment trust for federal income tax purposes.

TPG RE Finance Trust, Inc. Fundamentals Summary

How do TPG RE Finance Trust's earnings and revenue compare to its market cap?
TRTX fundamental statistics
Market capUS$675.09m
Earnings (TTM)US$52.43m
Revenue (TTM)US$138.59m
13.1x
P/E Ratio
4.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRTX income statement (TTM)
RevenueUS$138.59m
Cost of RevenueUS$39.00m
Gross ProfitUS$99.58m
Other ExpensesUS$47.16m
EarningsUS$52.43m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.67
Gross Margin71.86%
Net Profit Margin37.83%
Debt/Equity Ratio277.2%

How did TRTX perform over the long term?

See historical performance and comparison

Dividends

11.0%
Current Dividend Yield
148%
Payout Ratio

Does TRTX pay a reliable dividends?

See TRTX dividend history and benchmarks
When do you need to buy TRTX by to receive an upcoming dividend?
TPG RE Finance Trust dividend dates
Ex Dividend DateSep 26 2025
Dividend Pay DateOct 24 2025
Days until Ex dividend8 days
Days until Dividend pay date20 days

Does TRTX pay a reliable dividends?

See TRTX dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/03 05:01
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TPG RE Finance Trust, Inc. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Derek HewettBofA Global Research
Eric DrayBofA Global Research
William CatherwoodBTIG