TPG RE Finance Trust, Inc. (TRTX)
Real Estate · REIT - Mortgage · NYSE
TPG RE Finance Trust, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $156.27M | $122.07M | $151.19M | $151.27M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $69.97M | $94.35M | $106.94M | $126.31M | $-136.83M | $138.55M | $-60.07M | $-116.63M | $74.33M | $60.32M |
| Net margin | — | — | — | — | — | — | -38.4% | -95.5% | 49.2% | 39.9% |
Source: TPG RE Finance Trust, Inc. SEC filings (10-K). 11 years of history available in the interactive view.
What growth is priced into TRTX stock?
At today's market cap of $657.51M, TPG RE Finance Trust, Inc. is priced for free-cash-flow growth of about -5.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $84.22M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -0.2%/yr over the last five fiscal years, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 11 years of TPG RE Finance Trust, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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TPG RE Finance Trust, Inc. financial history by metric
About TPG RE Finance Trust, Inc.
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.
TPG RE Finance Trust, Inc. — frequently asked questions
What is TPG RE Finance Trust, Inc.'s revenue?
TPG RE Finance Trust, Inc. (TRTX) reported revenue of $151.27M for fiscal year 2025, up 0.1% from the prior year, according to its SEC filings.
Is TPG RE Finance Trust, Inc. profitable?
Yes. TRTX earned net income of $60.32M in fiscal 2025, a net margin of 39.9%.
What is TRTX's P/E ratio?
TPG RE Finance Trust, Inc. trades at a price-to-earnings ratio of about 13.3 based on the latest data in our nightly-refreshed cache.
How much debt does TPG RE Finance Trust, Inc. have?
As of fiscal year 2025, TRTX carried roughly $3.29B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is TPG RE Finance Trust, Inc.'s market cap?
TPG RE Finance Trust, Inc. (TRTX) has a market capitalization of about $657.51M, based on the latest data in our nightly-refreshed cache.
When does TPG RE Finance Trust, Inc.'s fiscal year end?
TRTX's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into TRTX stock?
At today's market cap of $657.51M, TPG RE Finance Trust, Inc. is priced for free-cash-flow growth of about -5.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $84.22M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -0.2%/yr over the last five fiscal years, computed from its SEC filings.
Where does this data come from?
All figures are computed from TPG RE Finance Trust, Inc.'s official SEC filings (10-K and 10-Q), covering 11 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.