TPG RE Finance Trust, Inc.: stock overview

TRTXNYSEReal estate · Real Estate Investment TrustsREIT

Price

$6.47

November 13, 2026Market cap $507M

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  • The full history: 11 fiscal years, from 2015
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

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In short

TPG RE Finance Trust had revenue of $142M over the last 12 months and net income of $45M, a net margin of 31.9%. Revenue fell by 3.8% a year on average over the last 5 years. At $6.47 the shares trade at a P/E of 16.6, against a median of 14.2 over the last 3 fiscal years. It has net debt of $3.2B. It pays a dividend yielding 14.84%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$507M
78.35M shares
P/E
16.6
Today16.6
Median14.2
Revenue, 12 months
$142M
-3.8% a year over 5 years
Net margin
31.9%
2025: 41.3%, above 86% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+12.0% a year over 2 years

  • 202510-K
    Revenue$146M
  • 202410-K
    Revenue$153M
  • 202310-K
    Revenue$116M

Fiscal years in figures

TRTX's revenue, profit, cash flow and dividend with each year-end price, from 2015 to 2022, 8 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $675M
$507M
Enterprise value 
$3.7B
P/E 
16.6
EV / EBIT 
81.8
EV / Revenue 
26.3
P/B 3-year median: 0.6
0.5
FCF yield 
–
Earnings yield 3-year median: 6.6%
6.0%

Profitability

Net margin 3-year median: 41.3%
31.9%
ROIC 
0.9%
ROIC, 5-year average 
0.4%
ROE 
4.3%

Growth

Revenue, yearly change 
-4.6%
EPS, yearly change 
-24.0%
FCF, yearly change 
+6.8%
Revenue, average a year 
-3.8%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$71M
Total debt 
$3.3B
Net debt 
$3.2B
Net debt / EBITDA 
60.5x
Interest cover 
–
Current ratio 
–

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 11.3%
14.84%
Buybacks 
5.00%
Total returned 
19.84%
Shares, yearly change 
-3.3%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 67).

Net margin

41.3%

Above 86% of the 212 companies in its industry, and 96% of all.

ROE

5.7%

Above 56% of the 204 companies in its industry, and 45% of all.

ROA

1.4%

Above 54% of the 221 companies in its industry, and 50% of all.

Revenue growth

-4.6%

Above 20% of the 211 companies in its industry, and 17% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
TPG RE Finance Trust, Inc.
Exchange
NYSE
Industry (SIC)
6798 · Real Estate Investment Trusts
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
78.35M

Other companies: Real estate

The largest companies of the same sector, each with its own page.

The Real estate sectorAll companies

The full analysis

What do TPG RE Finance Trust's filings show?

These are TPG RE Finance Trust's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about TRTX

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What is TRTX's market cap?

TPG RE Finance Trust, Inc.'s market cap is $507M, at a price of $6.47 on November 13, 2026 and 78.35M shares.

What is TRTX's P/E?

TRTX's P/E is 16.6, on earnings per share of $0.40 over the last 12 months. The median over the last 3 fiscal years was 14.2.

How much revenue does TRTX have?

TPG RE Finance Trust had revenue of $142M over the last 12 months. Over the last 5 years it changed by -3.8% a year on average.

Does TRTX pay a dividend?

Yes. TPG RE Finance Trust paid $0.96 per share over the last 12 months, a yield of 14.84% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From TPG RE Finance Trust, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.