Symbols / TRTX Stock $8.36 +0.36% TPG RE Finance Trust, Inc.

Real Estate • REIT - Mortgage • United States • NYQ
TRTX (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Mortgage
CEO Mr. Doug Bouquard
Exch · Country NYQ · United States
Market Cap 655.04M
Enterprise Value 3.86B
Income 45.48M
Sales 132.24M
FCF (ttm) —
Book/sh 13.64
Cash/sh 1.12
Employees —
Insider 10d —
IPO Jul 20, 2017
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 168.42%
P/E 14.67
Forward P/E 7.34
PEG —
P/S 4.95
P/B 0.61
P/C —
EV/EBITDA —
EV/Sales 29.16
Quick Ratio 111.91
Current Ratio 112.03
Debt/Eq 307.95
LT Debt/Eq —
EPS (ttm) 0.57
EPS next Y 1.14
EPS Growth -97.20%
Revenue Growth -21.10%
EPS Gr Q/Q -62.80%
Rev Gr Q/Q —
Earnings (next) 2026-04-28
Earnings (prior) 2026-02-17
ROA 1.48%
ROE 5.53%
ROIC —
Gross Margin 72.83%
Oper. Margin 17.09%
Profit Margin 45.61%
Shs Outstand 77.52M
Shs Float 68.46M
Insider Own 7.35%
Instit Own 83.29%
Short Float 4.28%
Short Ratio 4.36
Short Interest 3.22M
52W High 9.85
vs 52W High -15.13%
52W Low 7.22
vs 52W Low 15.79%
Beta 1.55
Impl. Vol. 50.59%
Rel Volume 0.56
Avg Volume 751.71K
Volume 423.78K
Target (mean) $10.00
Tgt Median $10.00
Tgt Low $8.50
Tgt High $11.00
# Analysts 6
Recom Buy
Prev Close $8.33
Price $8.36
Change 0.36%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$10.00
Mean price target
2. Current target
$8.36
Latest analyst target
3. DCF / Fair value
$8.55
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$8.36
Low
$8.50
High
$11.00
Mean
$10.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-16 main JP Morgan Overweight → Overweight $10
2026-03-12 up Citizens Market Perform → Market Outperform $10
2026-02-19 main JP Morgan Overweight → Overweight $11
2026-02-19 main Wells Fargo Overweight → Overweight $10
2025-10-30 main JP Morgan Overweight → Overweight $11
2025-09-17 down JMP Securities Market Outperform → Market Perform —
2025-07-31 main Wells Fargo Overweight → Overweight $11
2025-05-01 main JP Morgan Overweight → Overweight $8
2025-05-01 main Wells Fargo Overweight → Overweight $9
2025-04-16 main JP Morgan Overweight → Overweight $7
2025-01-21 main JP Morgan Overweight → Overweight $9
2024-10-17 up JP Morgan Neutral → Overweight $10
2024-08-21 main JMP Securities Market Outperform → Market Outperform $10
2024-05-07 main Wells Fargo Overweight → Overweight $9
2024-04-12 down Raymond James Strong Buy → Outperform $9
2024-04-10 main JP Morgan Neutral → Neutral $8
2024-03-04 down B of A Securities Neutral → Underperform $7
2024-02-22 main Wells Fargo Overweight → Overweight $7
2023-11-30 main Raymond James Strong Buy → Strong Buy $9
2023-11-03 main JMP Securities Market Outperform → Market Outperform $9
News
RSS: Latest TRTX news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-01-23 SILVERSTEIN WENDY A Director — 1,007 $8.79 $8,852
2026-01-23 SCHUSTER TODD Director — 138 $8.79 $1,213
2026-01-23 SMITH MICHAEL BRADLEY Director — 1,007 $8.79 $8,852
2026-01-23 GILLMORE MICHAEL Director — 1,007 $8.79 $8,852
2025-12-24 SILVERSTEIN WENDY A Director — 13,012 $0.00 $0
2025-12-24 SCHUSTER TODD Director — 13,012 $0.00 $0
2025-12-24 GOLDTHORPE EDWARD J Director — 2,169 $0.00 $0
2025-12-24 BANYASZ AVI Director — 56,597 $0.00 $0
2025-12-24 COLEMAN MATTHEW J President — 56,597 $0.00 $0
2025-12-24 SMITH MICHAEL BRADLEY Director — 13,012 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
151.27
+0.06%
151.19
+23.85%
122.07
-21.89%
156.27
Operating Revenue
151.27
+0.06%
151.19
+23.85%
122.07
-21.89%
156.27
Selling General And Administration
14.08
+32.18%
10.65
-10.30%
11.87
+25.64%
9.45
General And Administrative Expense
14.08
+32.18%
10.65
-10.30%
11.87
+25.64%
9.45
Salaries And Wages
9.81
+53.55%
6.39
-20.45%
8.03
+58.93%
5.05
Other Gand A
4.27
+0.16%
4.26
+10.90%
3.85
-12.59%
4.40
Reconciled Depreciation
12.63
-19.73%
15.73
+415.30%
3.05
0.00
Total Unusual Items
6.97
0.00
-100.00%
7.03
-47.12%
13.29
Total Unusual Items Excluding Goodwill
6.97
0.00
-100.00%
7.03
-47.12%
13.29
Net Income
60.32
-18.86%
74.33
+163.74%
-116.63
-94.17%
-60.07
Pretax Income
60.70
-18.78%
74.73
+164.22%
-116.37
-95.46%
-59.54
Net Interest Income
103.78
-4.17%
108.29
+22.10%
88.69
-37.59%
142.10
Interest Expense
186.46
-6.23%
198.85
-27.39%
273.86
+70.36%
160.75
Interest Income
290.24
-5.51%
307.15
-15.28%
362.55
+19.71%
302.86
Gain On Sale Of Security
—
—
—
0.00
Tax Provision
0.38
-5.26%
0.40
+54.05%
0.26
-51.13%
0.53
Tax Rate For Calcs
0.00
+16.65%
0.00
-97.46%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.04
0.00
-100.00%
1.48
-47.12%
2.79
Net Income Including Noncontrolling Interests
60.32
-18.86%
74.33
+163.74%
-116.63
-94.17%
-60.07
Net Income From Continuing Operation Net Minority Interest
60.32
-18.86%
74.33
+163.74%
-116.63
-94.17%
-60.07
Net Income From Continuing And Discontinued Operation
60.32
-18.86%
74.33
+163.74%
-116.63
-94.17%
-60.07
Net Income Continuous Operations
60.32
-18.86%
74.33
+163.74%
-116.63
-94.17%
-60.07
Normalized Income
53.39
-28.17%
74.33
+160.84%
-122.18
-73.15%
-70.57
Net Income Common Stockholders
45.48
-23.78%
59.67
+145.58%
-130.91
-77.75%
-73.64
Otherunder Preferred Stock Dividend
—
—
—
—
Diluted EPS
0.57
-24.00%
0.75
+144.38%
-1.69
-77.89%
-0.95
Basic EPS
0.57
-24.00%
0.75
+144.38%
-1.69
-77.89%
-0.95
Basic Average Shares
79.30
-0.63%
79.80
+2.87%
77.58
+0.36%
77.30
Diluted Average Shares
79.45
-0.55%
79.89
+2.98%
77.58
+0.36%
77.30
Diluted NI Availto Com Stockholders
45.48
-23.78%
59.67
+145.58%
-130.91
-77.75%
-73.64
Other Non Interest Expense
56.79
+1.64%
55.88
+86.51%
29.96
+4.61%
28.64
Preferred Stock Dividends
14.84
+1.17%
14.67
+2.76%
14.28
+5.13%
13.58
Professional Expense And Contract Services Expense
5.83
+0.97%
5.78
-13.70%
6.70
+41.39%
4.74
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
4,406.23
+18.08%
3,731.43
-11.46%
4,214.31
-24.00%
5,545.14
Cash And Cash Equivalents
87.61
-53.93%
190.16
-7.86%
206.38
-18.77%
254.05
Receivables
29.15
+5.43%
27.65
-71.99%
98.70
-52.10%
206.06
Accounts Receivable
29.15
+5.43%
27.65
-71.99%
98.70
-52.10%
206.06
Total Liabilities Net Minority Interest
3,338.21
+27.54%
2,617.39
-15.28%
3,089.53
-26.84%
4,223.14
Payables And Accrued Expenses
31.38
-1.16%
31.74
-35.07%
48.89
-20.07%
61.17
Payables
31.38
-1.16%
31.74
-7.45%
34.30
-4.81%
36.03
Accounts Payable
6.75
+1.44%
6.66
-34.91%
10.22
-7.72%
11.08
Dividends Payable
19.35
-3.14%
19.98
+4.26%
19.16
+1.01%
18.97
Current Accrued Expenses
—
15.08
+3.36%
14.59
-41.96%
25.13
Long Term Debt And Capital Lease Obligation
3,289.01
+28.04%
2,568.82
-15.48%
3,039.36
-26.95%
4,160.52
Long Term Debt
3,289.01
+28.04%
2,568.82
-15.48%
3,039.36
-26.95%
4,160.52
Long Term Provisions
2.90
+20.83%
2.40
—
—
Non Current Deferred Liabilities
1.94
+11.24%
1.74
+36.14%
1.28
-12.20%
1.46
Non Current Deferred Revenue
1.94
+11.24%
1.74
+36.14%
1.28
-12.20%
1.46
Preferred Securities Outside Stock Equity
—
—
—
—
Stockholders Equity
1,068.02
-4.13%
1,114.04
-0.96%
1,124.79
-14.92%
1,322.00
Common Stock Equity
1,068.02
-4.13%
1,114.03
-0.96%
1,124.78
-14.92%
1,321.99
Capital Stock
0.09
-3.37%
0.09
+4.71%
0.09
+0.00%
0.09
Common Stock
0.08
-3.70%
0.08
+5.19%
0.08
+0.00%
0.08
Preferred Stock
0.01
+0.00%
0.01
+0.00%
0.01
+0.00%
0.01
Share Issued
78.32
-3.31%
81.00
+4.03%
77.87
+0.59%
77.41
Ordinary Shares Number
78.32
-3.31%
81.00
+4.03%
77.87
+0.59%
77.41
Additional Paid In Capital
1,740.59
+0.54%
1,731.17
+0.36%
1,724.97
+0.47%
1,716.94
Retained Earnings
-672.65
-8.98%
-617.22
-2.82%
-600.27
-51.96%
-395.03
Total Equity Gross Minority Interest
1,068.02
-4.13%
1,114.04
-0.96%
1,124.79
-14.92%
1,322.00
Total Capitalization
4,357.03
+18.31%
3,682.86
-11.56%
4,164.14
-24.05%
5,482.51
Invested Capital
4,357.02
+18.31%
3,682.86
-11.56%
4,164.14
-24.05%
5,482.51
Total Debt
3,289.01
+28.04%
2,568.82
-15.48%
3,039.36
-26.95%
4,160.52
Net Debt
3,201.39
+34.59%
2,378.66
-16.04%
2,832.98
-27.48%
3,906.47
Net Tangible Assets
1,068.02
-4.13%
1,114.04
-0.96%
1,124.79
-14.92%
1,322.00
Tangible Book Value
1,068.02
-4.13%
1,114.03
-0.96%
1,124.78
-14.92%
1,321.99
Cash Cash Equivalents And Federal Funds Sold
88.27
-53.66%
190.48
-7.99%
207.02
-18.60%
254.31
Preferred Shares Number
8.05
+0.00%
8.05
+0.00%
8.05
+0.00%
8.05
Preferred Stock Equity
0.01
+0.00%
0.01
+0.00%
0.01
+0.00%
0.01
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
90.36
-19.41%
112.13
+39.94%
80.13
-20.27%
100.50
Cash Flow From Continuing Operating Activities
90.36
-19.41%
112.13
+39.94%
80.13
-20.27%
100.50
Net Income From Continuing Operations
60.32
-18.86%
74.33
+163.74%
-116.63
-94.17%
-60.07
Depreciation Amortization Depletion
12.63
-19.73%
15.73
+415.30%
3.05
0.00
Depreciation
12.63
-19.73%
15.73
+415.30%
3.05
0.00
Amortization Cash Flow
—
-0.26
+51.34%
-0.52
0.00
Depreciation And Amortization
12.63
-19.73%
15.73
+415.30%
3.05
0.00
Amortization Of Intangibles
—
-0.26
+51.34%
-0.52
0.00
Other Non Cash Items
-7.65
-1042.36%
0.81
+112.52%
-6.49
+45.85%
-11.98
Stock Based Compensation
9.81
+53.55%
6.39
-20.45%
8.03
+58.93%
5.05
Operating Gains Losses
—
—
—
—
Gain Loss On Investment Securities
—
—
—
0.00
Change In Working Capital
-0.41
-104.60%
8.80
+936.98%
0.85
+109.02%
-9.42
Change In Receivables
-1.92
-140.15%
4.78
-58.03%
11.40
+166.87%
-17.05
Changes In Account Receivables
-1.92
-140.15%
4.78
-58.03%
11.40
+166.87%
-17.05
Change In Payables And Accrued Expense
0.37
+105.68%
-6.57
-412.96%
2.10
-75.56%
8.59
Change In Accrued Expense
0.11
+103.57%
-3.20
-179.43%
4.03
+2914.69%
-0.14
Change In Payable
0.26
+107.68%
-3.37
-75.08%
-1.93
-122.06%
8.73
Change In Account Payable
0.10
+102.69%
-3.57
-317.54%
-0.85
-110.23%
8.36
Change In Other Current Assets
0.95
-90.65%
10.13
+181.20%
-12.47
-1084.33%
-1.05
Investing Cash Flow
-789.71
-279.27%
440.51
-59.78%
1,095.38
+342.04%
-452.56
Cash Flow From Continuing Investing Activities
-789.71
-279.27%
440.51
-59.78%
1,095.38
+342.04%
-452.56
Capital Expenditure
-6.14
-15.35%
-5.32
+0.75%
-5.36
-6.01%
-5.06
Capital Expenditure Reported
-6.14
-15.35%
-5.32
+0.75%
-5.36
-6.01%
-5.06
Net Investment Purchase And Sale
—
—
—
0.00
Purchase Of Investment
—
—
—
0.00
Sale Of Investment
—
—
—
0.00
Net Other Investing Changes
39.44
+2391.66%
1.58
-97.90%
75.43
-51.25%
154.72
Financing Cash Flow
597.13
+204.91%
-569.18
+53.45%
-1,222.81
-454.09%
345.34
Cash Flow From Continuing Financing Activities
597.13
+204.91%
-569.18
+53.45%
-1,222.81
-454.09%
345.34
Net Issuance Payments Of Debt
735.40
+254.24%
-476.79
+57.83%
-1,130.76
-347.43%
457.01
Issuance Of Debt
4,017.96
+681.02%
514.45
-15.80%
610.98
-78.37%
2,824.90
Repayment Of Debt
-3,282.56
-231.16%
-991.24
+43.09%
-1,741.74
+26.44%
-2,367.89
Long Term Debt Issuance
4,017.96
+681.02%
514.45
-15.80%
610.98
-78.37%
2,824.90
Long Term Debt Payments
-3,282.56
-231.16%
-991.24
+43.09%
-1,741.74
+26.44%
-2,367.89
Net Long Term Debt Issuance
735.40
+254.24%
-476.79
+57.83%
-1,130.76
-347.43%
457.01
Net Common Stock Issuance
-25.35
-68410.81%
-0.04
0.00
0.00
Common Stock Payments
-25.35
-68410.81%
-0.04
0.00
0.00
Common Stock Dividend Paid
-78.50
-0.83%
-77.85
-2.67%
-75.83
+5.56%
-80.29
Cash Dividends Paid
-91.09
-0.72%
-90.44
-2.28%
-88.42
+4.81%
-92.88
Repurchase Of Capital Stock
-25.35
-68410.81%
-0.04
0.00
0.00
Proceeds From Stock Option Exercised
—
—
—
0.00
Net Other Financing Charges
-21.83
-1043.69%
-1.91
+47.40%
-3.63
+80.68%
-18.79
Changes In Cash
-102.22
-518.18%
-16.54
+65.04%
-47.30
-603.41%
-6.72
Beginning Cash Position
190.48
-7.99%
207.02
-18.60%
254.31
-2.58%
261.04
End Cash Position
88.27
-53.66%
190.48
-7.99%
207.02
-18.60%
254.31
Free Cash Flow
84.22
-21.15%
106.81
+42.86%
74.76
-21.66%
95.44
Interest Paid Supplemental Data
179.72
-7.57%
194.44
-26.27%
263.71
+91.77%
137.51
Income Tax Paid Supplemental Data
0.29
+11.54%
0.26
-29.92%
0.37
-52.68%
0.78
Common Stock Issuance
—
—
—
0.00
Issuance Of Capital Stock
—
—
0.00
0.00
Net Preferred Stock Issuance
—
—
0.00
0.00
Preferred Stock Dividend Paid
-12.59
-0.03%
-12.59
+0.03%
-12.59
+0.00%
-12.59
Preferred Stock Issuance
—
—
0.00
0.00
Preferred Stock Payments
—
—
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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