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.
TPG RE Finance Trust Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$12.79|
|52 Week High||US$7.57|
|52 Week Low||US$14.55|
|1 Month Change||0.87%|
|3 Month Change||-4.34%|
|1 Year Change||58.10%|
|3 Year Change||-35.63%|
|5 Year Change||n/a|
|Change since IPO||-34.68%|
Recent News & Updates
TPG RE Finance Trust redeems 11% Series B Cumulative Redeemable Preferred Stock
TPG RE Finance Trust ([[TRTX]] +1.1%) has redeemed all 9M outstanding 11% Series B Cumulative Redeemable Preferred Stock for approximately $247.5M.As no shares of Series B Preferred Stock remain outstanding, dividends will no longer accrue or be declared.A quick look at the latest balance sheet.
TPG RE Finance Trust beats on revenue
TPG RE Finance Trust (TRTX): Q1 GAAP EPS of $0.30.Revenue of $37.95M (-12.4% Y/Y) beats by $0.51M.Press Release
|TRTX||US Mortgage REITs||US Market|
Return vs Industry: TRTX exceeded the US Mortgage REITs industry which returned 38.9% over the past year.
Return vs Market: TRTX exceeded the US Market which returned 30% over the past year.
Stable Share Price: TRTX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TRTX's weekly volatility (4%) has been stable over the past year.
About the Company
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. 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 office, multifamily, mixed-use, hospitality, industrial, and retail real estate sectors. The company qualifies as a real estate investment trust for federal income tax purposes.
TPG RE Finance Trust Fundamentals Summary
|TRTX fundamental statistics|
Is TRTX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TRTX income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.53|
|Net Profit Margin||26.04%|
How did TRTX perform over the long term?See historical performance and comparison
6.3%Current Dividend Yield
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 ($12.79) is trading below our estimate of fair value ($13)
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 poor value based on its PE Ratio (24.3x) compared to the US Mortgage REITs industry average (9.8x).
PE vs Market: TRTX is poor value based on its PE Ratio (24.3x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: TRTX is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: TRTX is good value based on its PB Ratio (0.7x) compared to the US Mortgage REITs industry average (1x).
How is TPG RE Finance Trust forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRTX's forecast earnings growth (25.1% per year) is above the savings rate (2%).
Earnings vs Market: TRTX's earnings (25.1% per year) are forecast to grow faster than the US market (15.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TRTX's revenue is expected to decline over the next 3 years (-5.5% per year).
High Growth Revenue: TRTX's revenue is forecast to decline over the next 3 years (-5.5% 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 (6.2%).
How has TPG RE Finance Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRTX has high quality earnings.
Growing Profit Margin: TRTX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: TRTX's earnings have declined by 33.5% per year over the past 5 years.
Accelerating Growth: TRTX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TRTX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (45.5%).
Return on Equity
High ROE: TRTX's Return on Equity (8.2%) is considered low.
How is TPG RE Finance Trust's financial position?
Financial Position Analysis
Short Term Liabilities: TRTX's short term assets ($5.1B) exceed its short term liabilities ($34.9M).
Long Term Liabilities: TRTX's short term assets ($5.1B) exceed its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: TRTX's debt to equity ratio (259.5%) is considered high.
Reducing Debt: TRTX's debt to equity ratio has increased from 179.6% to 259.5% over the past 5 years.
Debt Coverage: TRTX's debt is not well covered by operating cash flow (3.3%).
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 (6.25%) is higher than the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: TRTX's dividend (6.25%) is in the top 25% of dividend payers in the US market (3.49%)
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 4 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (151.3%), TRTX's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRTX's dividends in 3 years are forecast to be covered by earnings (78.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
TPG RE Finance Trust has no CEO, or we have no data on them.
Experienced Management: TRTX's management team is considered experienced (2.8 years average tenure).
Experienced Board: TRTX's board of directors are considered experienced (4.3 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 not been meaningfully diluted in the past year.
TPG RE Finance Trust, Inc.'s 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$985.421m
- Shares outstanding: 77.05m
- Website: https://www.tpgrefinance.com
- TPG RE Finance Trust, Inc.
- 888 Seventh Avenue
- 35th Floor
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 23:50|
|End of Day Share Price||2021/10/19 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.