TRTX

TPG RE Finance Trust, Inc.

Real Estate · USD

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Price alert · TRTX

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6.50 USD +0.08 +1.25%
As of Oct 30, 2026 Extended hours 6.51 +0.16%
Bid
6.50 × 2,600
Ask
6.51 × 2,000
6.40 Day range 6.57
5.64 52-week range 9.31
YTD
-24.51%
1 year
-25.46%
Open
6.46
Prev close
6.42
Mkt cap
492.88M
Vol
1.97M
Avg vol
1.18M
EPS
0.39
P/E
16.67
Div yield
10.95%
More statistics
Low
6.40
High
6.57
Forward P/E
7.93
Beta
2.22
Short ratio
3.36
Inst. own
87.08%
Dividend
0.96
Ex-div date
Dec 26, 2024
50-d avg
8.79
200-d avg
8.50
1y target
9.92

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Financial health

Altman Z-Score

0.12 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

7 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B3 / 5 overall

  • DCF 3
  • Return on Equity 3
  • Return on Assets 2
  • Debt / Equity 1
  • P/E 3
  • P/B 5

Valuation

P/E 15.1×
FY 2016: 17.3×FY 2017: 10.9×FY 2018: 10.8×FY 2019: 11.7×FY 2020: -5.2×FY 2021: 13.4×FY 2022: -7.1×FY 2023: -3.8×FY 2024: 11.3×FY 2025: 15.1×
FY 2016 5y median 11.3× FY 2025
P/S 2.1×
FY 2016: 7.8×FY 2017: 5.1×FY 2018: 4.3×FY 2019: 4.3×FY 2020: 10.1×FY 2021: 3.9×FY 2022: 1.7×FY 2023: 1.3×FY 2024: 1.9×FY 2025: 2.1×
FY 2016 5y median 1.9× FY 2025
P/B 0.6×
FY 2016: 1.2×FY 2017: 0.9×FY 2018: 0.9×FY 2019: 1.0×FY 2020: 0.6×FY 2021: 0.6×FY 2022: 0.4×FY 2023: 0.4×FY 2024: 0.6×FY 2025: 0.6×
FY 2016 5y median 0.6× FY 2025
P/FCF 8.1×
FY 2016: 14.1×FY 2017: 11.3×FY 2018: 10.7×FY 2019: 12.1×FY 2020: 6.2×FY 2021: 7.2×FY 2022: 5.5×FY 2023: 6.7×FY 2024: 6.4×FY 2025: 8.1×
FY 2016 5y median 6.7× FY 2025
EV/EBITDA 14.8×
FY 2016: 39.5×FY 2017: 11.7×FY 2018: 11.8×FY 2019: 18.8×FY 2020: -145×FY 2021: 19.6×FY 2022: 38.1×FY 2023: 20.6×FY 2024: 10.5×FY 2025: 14.8×
FY 2016 5y median 19.6× FY 2025
EV/Sales 11.7×
FY 2016: 18.0×FY 2017: 6.2×FY 2018: 10.4×FY 2019: 16.8×FY 2020: 48.1×FY 2021: 18.3×FY 2022: 14.5×FY 2023: 8.6×FY 2024: 8.7×FY 2025: 11.7×
FY 2016 5y median 11.7× FY 2025
FCF Yield 12.3%
FY 2016: 7.1%FY 2017: 8.8%FY 2018: 9.3%FY 2019: 8.3%FY 2020: 16.2%FY 2021: 13.9%FY 2022: 18.2%FY 2023: 14.8%FY 2024: 15.7%FY 2025: 12.3%
FY 2016 5y median 14.8% FY 2025

Profitability

Gross Margin 79.3%
FY 2016: 48.9%FY 2017: 50.2%FY 2018: 90.1%FY 2019: 91.1%FY 2020: 72.8%FY 2021: 90.4%FY 2022: 90.0%FY 2023: 91.5%FY 2024: 80.3%FY 2025: 79.3%
FY 2016 5y median 90.0% FY 2025
Operating Margin 73.0%
FY 2016: 45.4%FY 2017: 47.1%FY 2018: 87.4%FY 2019: 37.1%FY 2020: -36.2%FY 2021: 86.8%FY 2022: 28.8%FY 2023: 38.9%FY 2024: 78.7%FY 2025: 73.0%
FY 2016 5y median 73.0% FY 2025
Net Margin 18.1%
FY 2016: 45.4%FY 2017: 47.0%FY 2018: 40.1%FY 2019: 37.0%FY 2020: -169.3%FY 2021: 57.6%FY 2022: -19.6%FY 2023: -29.9%FY 2024: 21.2%FY 2025: 18.1%
FY 2016 5y median 18.1% FY 2025
ROE 5.6%
FY 2016: 7.2%FY 2017: 7.9%FY 2018: 8.1%FY 2019: 8.4%FY 2020: -9.3%FY 2021: 9.5%FY 2022: -4.5%FY 2023: -10.4%FY 2024: 6.7%FY 2025: 5.6%
FY 2016 5y median 5.6% FY 2025
ROIC 5.5%
FY 2016: 33.0%FY 2017: 5.3%FY 2018: 6.8%FY 2019: 2.2%FY 2020: -0.6%FY 2021: 4.0%FY 2022: 1.6%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 5.5%
FY 2016 5y median 1.6% FY 2025
ROA 1.4%
FY 2016: 2.6%FY 2017: 2.8%FY 2018: 2.4%FY 2019: 2.1%FY 2020: -2.8%FY 2021: 2.7%FY 2022: -1.1%FY 2023: -2.8%FY 2024: 2.0%FY 2025: 1.4%
FY 2016 5y median 1.4% FY 2025

Growth (YoY)

Revenue -5.2%
FY 2016: 19.7%FY 2017: 30.2%FY 2018: 33.1%FY 2019: 28.0%FY 2020: -76.3%FY 2021: 197.9%FY 2022: 27.0%FY 2023: 27.6%FY 2024: -10.1%FY 2025: -5.2%
FY 2016 FY 2025
Operating Income -12.1%
FY 2016: 14.8%FY 2017: 35.1%FY 2018: 146.9%FY 2019: -45.6%FY 2020: -123.1%FY 2021: 813.4%FY 2022: -57.9%FY 2023: 72.7%FY 2024: 81.9%FY 2025: -12.1%
FY 2016 FY 2025
EPS (diluted) -24.0%
FY 2016: 17.5%FY 2017: 52.6%FY 2018: -2.3%FY 2019: 1.8%FY 2020: -217.3%FY 2021: 142.9%FY 2022: -209.2%FY 2023: -77.9%FY 2024: 144.4%FY 2025: -24.0%
FY 2016 FY 2025
Free Cash Flow -21.1%
FY 2016: -13.6%FY 2017: 6.8%FY 2018: 18.3%FY 2019: 13.0%FY 2020: 8.6%FY 2021: 0.1%FY 2022: -27.8%FY 2023: -21.7%FY 2024: 42.9%FY 2025: -21.1%
FY 2016 FY 2025

Financial Health

Current Ratio 0.2×
FY 2016: 52.5×FY 2017: 0.1×FY 2018: 0.1×FY 2019: 92.8×FY 2020: 92.5×FY 2021: 117×FY 2022: 90.6×FY 2023: 0.0×FY 2024: 0.0×FY 2025: 0.2×
FY 2016 5y median 0.2× FY 2025
Quick Ratio 0.2×
FY 2016: 969×FY 2017: 0.1×FY 2018: 0.1×FY 2019: 92.8×FY 2020: 92.5×FY 2021: 117×FY 2022: 90.6×FY 2023: 0.0×FY 2024: 0.0×FY 2025: 0.2×
FY 2016 5y median 0.2× FY 2025
Debt / Equity 3.1×
FY 2016: 1.7×FY 2017: 0.2×FY 2018: 1.2×FY 2019: 2.9×FY 2020: 2.3×FY 2021: 2.5×FY 2022: 3.1×FY 2023: 2.7×FY 2024: 2.3×FY 2025: 3.1×
FY 2016 5y median 2.7× FY 2025
Net Debt / EBITDA 12.2×
FY 2016: 22.3×FY 2017: 2.0×FY 2018: 6.9×FY 2019: 14.0×FY 2020: -114×FY 2021: 15.3×FY 2022: 33.6×FY 2023: 17.4×FY 2024: 8.1×FY 2025: 12.2×
FY 2016 5y median 15.3× FY 2025
Interest Coverage 1.3×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 1.9×FY 2019: 0.7×FY 2020: -0.3×FY 2021: 2.5×FY 2022: 0.5×FY 2023: 0.6×FY 2024: 1.4×FY 2025: 1.3×
FY 2016 5y median 1.3× FY 2025

Dividends

Dividend Yield 13.3%
FY 2016: 6.1%FY 2017: 7.8%FY 2018: 9.0%FY 2019: 8.5%FY 2020: 11.9%FY 2021: 10.4%FY 2022: 17.7%FY 2023: 17.5%FY 2024: 13.3%FY 2025: 13.3%
FY 2016 5y median 13.3% FY 2025
Payout Ratio 151.0%
FY 2016: 104.5%FY 2017: 85.1%FY 2018: 96.5%FY 2019: 98.7%FY 2020: -70.9%FY 2021: 70.9%FY 2022: -154.6%FY 2023: -75.8%FY 2024: 121.7%FY 2025: 151.0%
FY 2016 5y median 70.9% FY 2025

Annual · latest fiscal year ends 2025-12-31