TRTX · Tpg Re Finance Trust, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $4.27M | $4.26M | $3.85M | $4.40M | $4.39M | $3.60M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $7.70M | $6.00M | $1.00M | - | - | - |
| Operating Income | $60.70M | $74.73M | ($116.37M) | ($59.54M) | $139.61M | ($136.52M) |
| Interest Expense | - | - | $273.86M | $160.75M | $85.09M | $107.24M |
| Income Tax | $378.0K | $399.0K | $259.0K | $530.0K | $1.06M | $305.0K |
| Net Income | $60.32M | $74.33M | ($116.63M) | ($60.07M) | $138.55M | ($136.83M) |
| EPS - Basic | $0.57 | $0.75 | ($1.69) | ($0.95) | $0.92 | ($2.03) |
| EPS - Diluted | $0.57 | $0.75 | ($1.69) | ($0.95) | $0.87 | ($2.03) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $87.61M | $190.16M | $206.38M | $254.05M | $260.63M | $319.67M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $4.41B | $3.73B | $4.21B | $5.55B | $5.22B | $4.91B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $3.31B | $2.57B | $3.05B | $4.18B | $3.72B | - |
| Total Liabilities | $3.34B | $2.62B | $3.09B | $4.22B | $3.75B | $3.44B |
| Stockholders' Equity | $1.07B | $1.11B | $1.12B | $1.32B | $1.46B | $1.27B |
| Retained Earnings | ($672.65M) | ($617.22M) | ($600.27M) | ($395.03M) | ($247.26M) | ($292.86M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $90.36M | $112.13M | $80.13M | $100.50M | $132.17M | $132.09M |
| Investing Cash Flow | ($789.71M) | $440.51M | $1.10B | ($452.56M) | ($342.90M) | $964.59M |
| Financing Cash Flow | $597.13M | ($569.18M) | ($1.22B) | $345.34M | $152.10M | ($856.67M) |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 0.6% | 0.5% | - | - | 0.8% | - |
| Return on assets | 1.4% | 2.0% | -2.8% | -1.1% | 2.7% | -2.8% |
| Return on equity | 5.6% | 6.7% | -10.4% | -4.5% | 9.5% | -10.8% |
| Return on invested capital | 1.4% | 2.0% | -2.2% | -0.9% | 2.7% | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 3.10 | 2.31 | 2.71 | 3.16 | 2.54 | - |
| Debt / Assets | 0.75 | 0.69 | 0.72 | 0.75 | 0.71 | - |
| Debt / EBITDA | 48.39 | 31.85 | - | - | - | - |
| Interest coverage | - | - | -0.4x | -0.4x | 1.6x | -1.3x |
| Equity multiplier | 4.13 | 3.35 | 3.75 | 4.19 | 3.56 | 3.87 |
| Liabilities / Assets | 0.76 | 0.70 | 0.73 | 0.76 | 0.72 | 0.70 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 15.1x | 11.3x | - | - | 14.2x | - |
| P / B | 0.6x | 0.6x | 0.4x | 0.4x | 0.7x | 0.6x |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | 57.1x | 37.9x | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -18.8% | - | -95.5% | - | - | - |
| Net income growth (YoY) | -18.9% | - | -94.2% | - | - | - |
| EPS growth (YoY) | -24.0% | - | -77.9% | - | - | - |
| EPS CAGR (3y) | - | -4.8% | - | - | -20.0% | - |
| EPS CAGR (5y) | - | -15.4% | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -4.1% | -1.0% | -14.9% | -9.7% | 15.6% | -15.8% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing TPG RE Finance Trust against the 5 most active filers in the same SIC group.
Dividends
$0.96/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 27, 2026 | $0.2400 |
| Dec 26, 2025 | $0.2400 |
| Sep 26, 2025 | $0.2400 |
| Jun 27, 2025 | $0.2400 |
| Mar 28, 2025 | $0.2400 |
| Dec 27, 2024 | $0.2400 |
| Sep 27, 2024 | $0.2400 |
| Jun 27, 2024 | $0.2400 |
| Mar 27, 2024 | $0.2400 |
| Dec 28, 2023 | $0.2400 |
| Sep 27, 2023 | $0.2400 |
| Jun 27, 2023 | $0.2400 |
| Mar 28, 2023 | $0.2400 |
| Dec 28, 2022 | $0.2400 |
| Sep 27, 2022 | $0.2400 |
| Jun 27, 2022 | $0.2400 |
| Mar 28, 2022 | $0.2400 |
| Dec 28, 2021 | $0.3100 |
| Sep 28, 2021 | $0.2400 |
| Jun 25, 2021 | $0.2000 |
| Mar 25, 2021 | $0.2000 |
| Dec 24, 2020 | $0.3800 |
| Sep 24, 2020 | $0.2000 |
| Jun 25, 2020 | $0.2000 |