TPG RE Finance Trust (TRTX) Stock Overview
A commercial real estate finance company, originates and acquires a portfolio of commercial real estate-related assets in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 3/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
TRTX Community Fair Values
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Analyst Price Targets
TPG RE Finance Trust, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$8.45 |
| 52 Week High | US$9.85 |
| 52 Week Low | US$7.57 |
| Beta | 1.47 |
| 1 Month Change | -1.17% |
| 3 Month Change | 0.96% |
| 1 Year Change | 9.03% |
| 3 Year Change | 15.28% |
| 5 Year Change | -39.25% |
| Change since IPO | -56.84% |
Recent News & Updates
Recent updates
TPG RE Finance Trust: High Yield Common And Preferred 8-10%
Summary TPG RE Finance Trust, Inc. offers high-yield common and preferred dividends, with TRTX-C preferreds yielding 8.40% and strong coverage. TRTX's loan portfolio is $3.7B, weighted toward Bridge Loans (52.1%), with increased industrial exposure and reduced office loan commitments. Preferred dividends are well covered (5.10x net income), and TRTX-C's cumulative feature offers added security versus undercovered common dividends. We favor TRTX-C preferreds for their superior coverage, cumulative status, and call potential, providing both yield and capital gain upside. Read the full article on Seeking AlphaTPG RE Finance Trust: Buying 8.6% Yielding Preferreds As Rates Face Tariff Chaos
Summary TPG RE Finance is up 12.8% over the last year to trade at a 24% discount to book value. The preferreds offer a yield on cost of 8.6% and trade at a 27% discount, providing a strong margin of safety and a substantial spread over long-term rates. TRTX ended 2024 with $320.8 million in liquidity and maintains solid coverage of its total dividends. Read the full article on Seeking Alpha
Delayed Real Estate Recovery Presents Attractive Valuations For Future Investments
TRTX can benefit from real estate value recovery and declining bank competition, enhancing revenue through attractive lending opportunities.TPG RE Finance Trust: I Doubled My Position In The 8% Yielding Preferreds
Summary TPG RE Finance Trust's preferreds are trading for 77 cents on the dollar and offer an 8% yield on cost. The mREIT grew its loan investment portfolio during its fiscal 2024 third quarter as originations ran ahead of repayments. Cash and near-term liquidity of $357 million provide depth for preferred dividend payments that are 750% covered by free cash flow. Read the full article on Seeking AlphaTPG RE Finance Trust: The Preferreds Are A Buy As Rate Cuts Loom
Summary TRTX's commons have rallied 26% in the last year due to its conservative posturing, a reduction in office loans, and an increase in liquidity. The mREIT's loan portfolio is heavily focused on multifamily properties. Looming Fed rate cuts will see net interest income come under pressure, heightening the need for TRTX to be more aggressive on new loan originations in 2025. Read the full article on Seeking AlphaTPG RE Finance Trust: Winner In mREIT Rally And Wise Income Portfolio
Summary TPG RE Finance Trust has shown price strength in July, up by 11%, benefiting from the trending small-cap rotation and value rotation in the market. Improved yield curve and potential rate cuts could be positive for mREITs like TRTX, driving up stock prices. TRTX is also expected to participate in the strong REIT rally as it is picking up momentum. Consider a conservative approach to building an mREIT wealth engine in income portfolios, with TRTX as a growth core engine and income capturer. Read the full article on Seeking AlphaTPG RE Finance Trust: The 11% Dividend Yield Comes With Multifamily Backing
Summary TPG RE Finance Trust's common shares are trading at a 25% discount to book value after a rise from 52-week lows. The mREIT has launched a $25 million share repurchase program and is paying out an 11% dividend yield that is fully covered by distributable earnings. TRTX is building a more diversified loan portfolio, which is expected to improve its risk profile. Read the full article on Seeking AlphaTPG RE Finance Trust: Why I Bought The 9.5% Yielding Preferreds
Summary TPG RE Finance Trust, Inc. common shares have rallied due to a tightening of a deep discount to its book value per share. The mREIT's loan portfolio has seen a decline in its allocation to office properties with the dividend on the common shares being maintained. The preferred shares are currently trading at a significant discount and offer a safer option against the lack of common dividend coverage. Read the full article on Seeking AlphaTPG RE Finance Trust: The Dividend Yield Is Fat At 15% For A Reason
Summary TPG RE Finance Trust is paying out a 15% dividend yield that was only 75% covered by its third-quarter distributable earnings. The mortgage REIT is currently trading at a material 46% discount to its $12.04 book value per share. A dividend cut is possible on a continued dip in distributable earnings. Read the full article on Seeking AlphaTPG RE Finance: Attractive Yield, Elevated Risk
Summary TPG RE Finance Trust offers a very attractive dividend yield of nearly 14%. However, the expansion of the percentage of its portfolio classified as higher risk merits close attention. Despite the elevated risk, TPG RE Finance trades at an undemanding valuation, suggesting that the elevated risks have already been priced in to the stock. Read the full article on Seeking AlphaTPG RE Finance Trust GAAP EPS of $0.42 beats by $0.29
TPG RE Finance Trust press release (NYSE:TRTX): Q4 GAAP EPS of $0.42 beats by $0.29.TPG RE Finance Trust declares $0.24 dividend
TPG RE Finance Trust (NYSE:TRTX) declares $0.24/share quarterly dividend, in line with previous. Forward yield 12.18% Payable Jan. 25; for shareholders of record Dec. 29; ex-div Dec. 28. See TRTX Dividend Scorecard, Yield Chart, & Dividend Growth.TPG RE Finance Trust GAAP EPS of -$1.52
TPG RE Finance Trust press release (NYSE:TRTX): Q3 GAAP EPS of -$1.52. The company ended the quarter with $210.7 million of cash-on-hand.TPG RE Finance Trust declares $0.24 dividend
TPG RE Finance Trust (NYSE:TRTX) declares $0.24/share quarterly dividend, in line with previous. Forward yield 10.82% Payable Oct. 25; for shareholders of record Sept. 28; ex-div Sept. 27. See TRTX Dividend Scorecard, Yield Chart, & Dividend Growth.TPG RE Finance Trust Q2 2022 Earnings Preview
TPG RE Finance Trust (NYSE:TRTX) is scheduled to announce Q2 earnings results on Tuesday, August 2nd, after market close. The consensus EPS Estimate is $0.26 and the consensus Revenue Estimate is $34.88M (-12.6% Y/Y). Over the last 3 months, EPS estimates have seen 0 upward revisions and 5 downward. Revenue estimates have seen 1 upward revision and 4 downward.TPG RE Finance Trust: Can This mREIT Sustain Its High Yield?
TRTX has been paying steady quarterly dividends with a high yield. TRTX is bringing down its asset allocation in the office segment and concentrating more on multifamily communities. TRTX has a healthy credit spread, and its lending portfolio has a higher recovery rate, and a longer weighted average maturity.Shareholder Returns
| TRTX | US Mortgage REITs | US Market | |
|---|---|---|---|
| 7D | 0.1% | -1.1% | -0.1% |
| 1Y | 9.0% | -0.02% | 26.3% |
Return vs Industry: TRTX exceeded the US Mortgage REITs industry which returned -1.3% over the past year.
Return vs Market: TRTX underperformed the US Market which returned 26.2% over the past year.
Price Volatility
| TRTX volatility | |
|---|---|
| TRTX Average Weekly Movement | 3.2% |
| Mortgage REITs Industry Average Movement | 3.8% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: TRTX has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: TRTX's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2014 | n/a | Doug Bouquard | www.tpgrefinance.com |
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.
TPG RE Finance Trust, Inc. Fundamentals Summary
| TRTX fundamental statistics | |
|---|---|
| Market cap | US$647.84m |
| Earnings (TTM) | US$50.69m |
| Revenue (TTM) | US$136.23m |
Is TRTX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TRTX income statement (TTM) | |
|---|---|
| Revenue | US$136.23m |
| Cost of Revenue | US$33.85m |
| Gross Profit | US$102.38m |
| Other Expenses | US$51.69m |
| Earnings | US$50.69m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.66 |
| Gross Margin | 75.15% |
| Net Profit Margin | 37.21% |
| Debt/Equity Ratio | 316.7% |
How did TRTX perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/04 17:46 |
| End of Day Share Price | 2026/06/04 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
TPG RE Finance Trust, Inc. is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Derek Hewett | BofA Global Research |
| William Catherwood | BTIG |
| Arren Cyganovich | Citigroup Inc |