TRTX - NYSE

TPG RE Finance Trust, Inc.

TRTX·NYSE

$8.38

-1.4%

Real EstateREIT - Mortgage

TPG RE Finance Trust, Inc., a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the office, multifamily, life science, mixed-use, hospitality, industrial, and retail real estate sectors. 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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$647.84M

EPS0.5700

P/E Ratio14.70

Earnings Date08/04/2026

4.41B

Assets

18%

3Y-21.0%

5Y-10.0%

10Y+65.0%

3.34B

Total Liabilities

28%

3Y-21.0%

5Y-3.0%

10Y+97.0%

1.07B

Total Equity

-4%

3Y-19.0%

5Y-27.0%

10Y-58.0%

TPG RE Finance Trust, Inc. Funding & Solvency Profile

TRTX · NYSE

Current Assets

Cash & Cash Equivalents88.27M

Net Receivables29.15M

Inventory0.00

Other Current Assets0.00

Total Current Assets117 M

Non-Current Assets

Property, Plant & Equipment224.39M

Goodwill & Intangible Assets12.37M

Long-Term Investments3.98M

Other Non-Current Assets4.05B

Total Non-Current Assets4 B

Total Assets

4.41B

Financial Health Analysis

Current Ratio

0.18x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

3.13x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-542889000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

3% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

TPG RE Finance Trust, Inc. Balance Sheet

TRTX • NYSE

TPG RE Finance Trust, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	88.3M	190.2M	206.4M	254.1M	260.6M	319.7M	79.2M	39.7M	75M	103.1M	104.9M
Short-Term Investments	0.0	0.0	0.0	0.0	0.0	0.0	787.6M	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	88.3M	190.2M	206.4M	254.1M	260.6M	319.7M	866.7M	39.7M	75M	103.1M	104.9M
Net Receivables	29.1M	27.6M	98.7M	4.8B	4.9B	4.5B	44.2M	117.2M	17.2M	49.4M	79.1M
Accounts Receivables	29.1M	27.6M	98.7M	4.8B	4.9B	4.5B	44.2M	117.2M	17.2M	49.4M	79.1M
Inventory	0.0	0.0	0.0	0.0	0.0	0.0	123.9M	0.0	0.0	-2.7B	185M
Other Current Assets	0.0	-217.8M	-305.1M	503.5M	27.4M	28.8M	-123.9M	0.0	85.5M	50.3M	80.1M
Total Current Assets	117.4M	0.0	0.0	5.5B	5.2B	4.8B	910.9M	134.8M	177.8M	152.5M	184M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	224.4M	0.0	0.0	0.0	60.6M	99.2M	0.0	0.0	0.0	0.0	0.0
Intangible Assets	12.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Goodwill & Intangible Assets	12.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Long-Term Investments	4M	0.0	0.0	0.0	0.0	0.0	787.6M	38.1M	38.1M	61.5M	1.3M
Tax Assets	0.0	0.0	0.0	0.0	0.0	0.0	5.9B	4.5B	3.4B	2.7B	0.0
Other Non-Current Assets	4B	0.0	0.0	6.2M	2.1M	4.6M	-5.9B	-172.9M	-215.9M	-2.7B	0.0
Total Non-Current Assets	4.3B	0.0	0.0	6.2M	62.8M	103.8M	787.6M	4.4B	3.2B	62.2M	1.3M
Other Assets	0.0	3.7B	4.2B	0.0	0.0	0.0	4.2B	0.0	0.0	2.5B	1.9B
Total Assets	4.4B	3.7B	4.2B	5.5B	5.2B	4.9B	5.9B	4.5B	3.4B	2.7B	2.1B
LIABILITIES
CURRENT LIABILITIES
Total Payables	31.4M	31.7M	34.3M	0.0	0.0	0.0	49M	41.1M	33.7M	25.2M	32.7M
Accounts Payable	6.8M	6.7M	10.2M	0.0	0.0	0.0	6.7M	6.1M	5.4M	2.9M	1.9M
Other Payables	24.6M	25.1M	24.1M	0.0	0.0	0.0	42.4M	35M	28.3M	22.3M	-1.9M
Accrued Expenses	0.0	15.1M	14.6M	24.9M	15.7M	19.6M	8.2M	8.2M	5.1M	6.6M	3.7M
Short Term Debt	660.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	287.9M	0.0	0.0
Deferred Revenue	0.0	0.0	0.0	0.0	0.0	0.0	164K	463K	317K	-1.7B	0.0
Other Current Liabilities	-31.4M	-46.8M	-48.9M	36.3M	28.4M	32.4M	-50.7M	1B	1.5B	-31.8M	-36.4M
Total Current Liabilities	660.3M	0.0	0.0	61.2M	44M	52M	6.7M	1.1B	1.9B	2.9M	1.9M
NON-CURRENT LIABILITIES
Long Term Debt	2.6B	2.6B	3B	4.2B	3.7B	3.4B	1.9B	1.7B	0.0	1.7B	1.4B
Deferred Revenue (Non-Current)	1.9M	1.7M	1.3M	0.0	0.0	0.0	164K	463K	317K	482K	0.0
Deferred Tax Liabilities (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	153.4M	0.0
Other Non-Current Liabilities	47.3M	-2.6B	-3B	1.5M	1.4M	1.6M	0.0	1.5B	1.9B	-1.7B	-1.4B
Total Non-Current Liabilities	2.7B	0.0	0.0	4.2B	3.7B	3.4B	1.9B	2.1B	287.9M	1.7B	1.4B
Other Liabilities	0.0	2.6B	3.1B	0.0	0.0	0.0	2.5B	0.0	0.0	28.9M	34.5M
Total Liabilities	3.3B	2.6B	3.1B	4.2B	3.8B	3.4B	4.4B	3.2B	2.2B	1.7B	1.4B
SHAREHOLDERS' EQUITY
Preferred Stock	8K	8K	8K	8K	8K	199.6M	0.0	0.0	0.0	0.0	0.0
Common Stock	78K	81K	77K	77K	77K	77K	76K	68K	61K	40K	30K
Additional Paid-In Capital	1.7B	1.7B	1.7B	1.7B	1.7B	1.6B	1.5B	1.4B	1.2B	979.5M	729.5M
Retained Earnings	-672.6M	-617.2M	-600.3M	-395M	-247.3M	-292.9M	-28.1M	-25.9M	-14.8M	-10.1M	-13.2M
Accumulated Other Comprehensive Income/Loss	0.0	0.0	0.0	0.0	0.0	0.0	1.1M	-2M	-34K	1.3M	0.0
Total Stockholders' Equity	1.1B	1.1B	1.1B	1.3B	1.5B	1.5B	1.5B	1.3B	1.2B	970.7M	716.4M
Total Equity	1.1B	1.1B	1.1B	1.3B	1.5B	1.5B	1.5B	4.4B	3.2B	2.5B	716.4M
Minority Interest	0.0	0.0	0.0	0.0	0.0	0.0	4.3B	3.1B	2B	1.6B	0.0
SUMMARY
Total Liabilities & Equity	4.4B	3.7B	4.2B	5.5B	5.2B	4.9B	5.9B	4.5B	3.4B	2.7B	2.1B
Total Investments	4M	0.0	0.0	0.0	0.0	0.0	1.6B	38.1M	38.1M	61.5M	1.3M
Total Debt	3.3B	2.6B	3B	4.2B	3.7B	3.4B	1.9B	1.7B	287.9M	1.7B	1.4B
Net Debt	3.2B	2.4B	2.8B	3.9B	3.4B	3.1B	1.8B	1.6B	212.8M	1.6B	1.3B
Shares Outstanding	78,261,346	78,261,346	78,261,346	78,261,346	78,261,346	78,261,346	78,261,346	78,261,346	78,261,346	78,261,346	78,261,346

SEC Filings

TRTX - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	June 01, 2026	June 01, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 21, 2026	May 19, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 15, 2026	May 14, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 28, 2026	April 28, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 28, 2026	March 31, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 08, 2026	May 19, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 02, 2026	February 27, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 17, 2026	February 17, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 17, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 21, 2025	November 17, 2025	2025	View Filing

Showing 1 to 10 of 142 filings

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