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 North America. More Details
Moderate growth potential second-rate dividend payer.
Share Price & News
How has TPG RE Finance Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRTX has not had significant price volatility in the past 3 months.
7 Day Return
US Mortgage REITs
1 Year Return
US Mortgage REITs
Return vs Industry: TRTX underperformed the US Mortgage REITs industry which returned -38.6% over the past year.
Return vs Market: TRTX underperformed the US Market which returned 15.6% over the past year.
Price Volatility Vs. Market
How volatile is TPG RE Finance Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StDid TPG RE Finance Trust, Inc. (NYSE:TRTX) Insiders Buy Up More Shares?
1 month ago | Simply Wall StHow Much Did TPG RE Finance Trust's(NYSE:TRTX) Shareholders Earn From Share Price Movements Over The Last Three Years?
5 months ago | Simply Wall StShorn Like A Sheep: Analysts Just Shaved Their TPG RE Finance Trust, Inc. (NYSE:TRTX) Forecasts Dramatically
Is TPG RE Finance Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TRTX ($7.95) is trading below our estimate of fair value ($8.25)
Significantly Below Fair Value: TRTX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TRTX is unprofitable, so we can't compare its PE Ratio to the US Mortgage REITs industry average.
PE vs Market: TRTX is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TRTX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TRTX is good value based on its PB Ratio (0.5x) compared to the US Mortgage REITs industry average (0.8x).
How is TPG RE Finance Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRTX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: TRTX is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TRTX's is expected to become profitable in the next 3 years.
Revenue vs Market: TRTX's revenue (3.1% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: TRTX's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRTX's Return on Equity is forecast to be low in 3 years time (3.8%).
How has TPG RE Finance Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRTX is currently unprofitable.
Growing Profit Margin: TRTX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TRTX is unprofitable, and losses have increased over the past 5 years at a rate of 21.3% per year.
Accelerating Growth: Unable to compare TRTX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TRTX is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-36.7%).
Return on Equity
High ROE: TRTX has a negative Return on Equity (-8.44%), as it is currently unprofitable.
How is TPG RE Finance Trust's financial position?
Financial Position Analysis
Short Term Liabilities: TRTX's short term assets ($5.3B) exceed its short term liabilities ($80.9M).
Long Term Liabilities: TRTX's short term assets ($5.3B) exceed its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: TRTX's debt to equity ratio (255.2%) is considered high.
Reducing Debt: Insufficient data to determine if TRTX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TRTX's debt is not well covered by operating cash flow (3.7%).
Interest Coverage: Insufficient data to determine if TRTX's interest payments on its debt are well covered by EBIT.
What is TPG RE Finance Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRTX's dividend (10.06%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: TRTX's dividend (10.06%) is in the top 25% of dividend payers in the US market (4.63%)
Stability and Growth of Payments
Stable Dividend: TRTX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TRTX has only been paying a dividend for 3 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: TRTX is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: TRTX's dividends in 3 years are forecast to be covered by earnings (86.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Greta Guggenheim (61 yo)
Ms. Greta Guggenheim is the Co-Founder of Ladder Capital Corp and served as its Chief Investment Officer from June 2012 to August 24, 2015. She served as President at TPG RE Finance Trust, Inc. since Janua ...
|CEO & Director||4.75yrs||US$4.33m||0.71% |
|Chief Financial Officer||5.17yrs||US$736.00k||0.093% |
|Chief Investment Officer & VP||0.75yr||US$900.00k||0.17% |
|VP, General Counsel & Corporate Secretary||2.75yrs||US$200.00k||0.051% |
|Investor Relations||no data||no data||no data|
Experienced Management: TRTX's management team is considered experienced (2.8 years average tenure).
|CEO & Director||4.75yrs||US$4.33m||0.71% |
|Independent Director||3.25yrs||US$140.00k||no data|
|Independent Director||3.25yrs||US$137.50k||no data|
|Director||0.25yr||no data||no data|
|Chairman of the Board||5.83yrs||US$472.25k||0.046% |
|Independent Director||3.25yrs||US$142.50k||0.00065% |
|Independent Director||3.25yrs||US$150.00k||0% |
Experienced Board: TRTX's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.6%.
TPG RE Finance Trust, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: TPG RE Finance Trust, Inc.
- Ticker: TRTX
- Exchange: NYSE
- Founded: 2014
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Market Cap: US$610.213m
- Shares outstanding: 76.76m
- Website: https://www.tpgrefinance.com
- TPG RE Finance Trust, Inc.
- 888 Seventh Avenue
- 35th Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TRTX||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jul 2017|
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 North America. ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/27 00:21|
|End of Day Share Price||2020/10/26 00:00|
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 here.