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    T

    TPG RE Finance Trust Inc (TRTX)

    Official site

    REAL ESTATE • REIT - MORTGAGE • NYSE

    $6.75
    -0.27 (-3.85%)

    Market Cap: $550.50M

    Last updated: Nov 06, 2026 at 4:10 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    55%(21/38)
    Avg Surprise
    -68.18%

    Upcoming Estimates

    Period ending Dec 31, 2026
    EPS Consensus$0.12
    Range$0.04 - $0.21
    2 analysts
    Revenue Consensus
    $21M
    Range$21M - $22M
    2 analysts
    Period ending Mar 31, 2027
    EPS Consensus$0.27
    Range$0.25 - $0.28
    5 analysts
    EPS RevisionsNo revisions (7d)
    0
    3
    30d
    EPS Estimate DriftChange to current
    90d ago$0.28-3.6%
    60d ago$0.270.0%
    30d ago$0.270.0%
    7d ago$0.270.0%
    Current$0.27
    Revenue Consensus
    $27M
    Range$27M - $28M
    2 analysts
    Last 12 of 39 reported quarters and 2 upcoming estimates
    PeriodReportedEst.RangeSurpriseB/MAnalystsRevisionsYoY
    Mar 27EST
    		-$0.27$0.25 - $0.28--5
    0
    3
    30d
    		-
    Dec 26EST
    		-$0.12$0.04 - $0.21--2--
    Sep 26
    Reported Oct 26
    		$0.05N/A--78.26%Miss6
    0
    3
    30d
    		-80.0%
    Jun 26
    Reported Jul 28
    		$0.17$0.23$0.21 - $0.25-26.09%Miss6
    1
    1
    30d
    		-29.2%
    Mar 26
    Reported Apr 28
    		$0.25$0.25$0.24 - $0.26+0.00%Beat6
    1
    2
    30d
    		+4.2%
    Dec 25
    Reported Feb 17
    		$0.24$0.26$0.22 - $0.29-6.80%Miss6
    0
    1
    30d
    		+140.0%
    Sep 25
    Reported Oct 28
    		$0.25$0.25$0.24 - $0.27+0.00%Beat4
    0
    1
    30d
    		-10.7%
    Jun 25
    Reported Jul 29
    		$0.24$0.23$0.21 - $0.24+4.35%Beat5
    0
    1
    30d
    		-14.3%
    Mar 25
    Reported Apr 29
    		$0.24$0.27$0.25 - $0.30-11.76%Miss5
    No revisions (30d)
    		-20.0%
    Dec 24
    Reported Feb 18
    		$0.10N/A--62.26%Miss6
    No revisions (30d)
    		+104.9%
    Sep 24
    Reported Oct 29
    		$0.28$0.27$0.24 - $0.30+3.70%Beat6
    1
    0
    30d
    		+121.1%
    Jun 24
    Reported Jul 30
    		$0.28$0.25$0.15 - $0.29+12.00%Beat6
    No revisions (30d)
    		+255.6%
    Mar 24
    Reported Apr 30
    		$0.30$0.18$0.12 - $0.24+66.67%Beat6
    1
    0
    30d
    		+76.5%
    Dec 23
    Reported Feb 20
    		$-2.05$-0.17$-0.56 - $0.18-1105.88%Miss7
    No revisions (30d)
    		-783.3%

    Dividends

    Last ex-dividend: Sep 28, 2026

    Dividend Metrics

    Forward Yield14.22%
    Forward Annual Dividend$0.96
    Payout Ratio86.20%
    FrequencyQuarterly
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR+0.00%
    5Y CAGR-7.79%
    TRTX dividend history and ex-dividend datesRun TRTX in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio9.51EV/EBITDA17.98x
    Price/FCF6.93xFCF Yield14.43%
    Profitability
    Profit Margin38.10%Operating Margin34.60%
    ROE4.31%ROIC4.91%
    Financial Health
    Debt/Equity4.08xInterest Coverage1.25x
    Current Ratio2.57xQuick Ratio2.57x
    Trading Statistics
    Beta1.52Avg Volume1.84M
    52-Week High$8.5152-Week Low$5.60

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$6.66
    SMA 20$6.28
    SMA 50$6.59
    SMA 200$7.62
    EMA 10$6.69
    EMA 20$6.51
    EMA 50$6.65
    EMA 200$7.36

    MACD

    Line: 0.14Signal: 0.02Hist: 0.12

    ADX

    ADX: 41.6+DI: 30.5-DI: 14.3

    Aroon & PSAR

    Aroon Up96.0
    Aroon Down32.0
    PSAR$7.45

    Bollinger Bands

    Upper Band$7.23
    Lower Band$5.33
    %B Position3014%(Upper)
    Band Width0.75

    RSI (14-Day)

    Neutral
    56.7

    Momentum Oscillators

    Stoch %K77.9
    Stoch %D86.4
    Williams %R-41.3
    ROC (10d)7.5%
    Momentum0.47
    CCI (20d)98.6
    MFI (14d)75.5

    Volatility Measures

    ATR (14d)$0.28(4.2%)
    StdDev (20d)0.47
    Hist Vol48.1%(High)

    Volume Flow

    VWAP$6.86
    OBV-1.2M
    AD Line-1.9B
    CMF (20d)0.045

    Volume Metrics

    Avg Vol (20d)1.9M
    Vol Ratio0.7x
    VWMA (20d)$6.30

    Pivot Points

    R3$7.82
    R2$7.63
    R1$7.33
    Pivot Point$7.14
    S1$6.84
    S2$6.65
    S3$6.35

    Advanced Oscillators

    TSI17.03
    Ultimate Osc50.8
    KST36.72

    Financial Data

    QuarterSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
    Total Revenue$91.58M$84.39M$85.77M$84.02M$86.66M$82.23M$78.90M$78.81M$88.48M$89.65M$93.99M$94.26M
    Cost of Revenue$13.90M$12.86M$16.69M$12.56M$16.89M$19.87M$16.76M$18.33M$16.57M$17.51M$16.81M$8.61M
    Gross Profit$77.68M$71.54M$69.08M$71.46M$69.77M$62.35M$62.13M$60.49M$71.91M$72.14M$77.18M$85.65M
    Operating Expenses$12.55M$7.92M$1.57M$15.93M$-1,150,000$2.44M$4.62M$4.95M$477,000$-3,863,000$4.06M$22.83M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$890,000$4.35M$2.38M$2.84M$2.78M$2.59M$1.89M$7.90M$2.85M$8.45M$2.66M$4.23M
    Operating Income$65.13M$63.62M$67.51M$55.54M$70.92M$59.91M$57.52M$55.54M$71.43M$76.00M$73.11M$62.82M
    Interest Income$82.34M$74.05M$74.18M$74.42M$77.11M$70.67M$68.05M$68.99M$77.86M$78.11M$82.18M$84.06M
    Interest Expense$55.66M$50.39M$48.46M$51.48M$48.82M$46.12M$43.74M$45.01M$49.17M$51.19M$55.98M$63.41M
    Income Before Tax$9.47M$13.23M$19.05M$4.06M$22.10M$20.76M$13.78M$10.53M$22.26M$24.82M$17.13M$6.45M
    Income Tax Expense$104,000$101,000$112,000$85,000$109,000$128,000$56,000$-157,000$66,000$100,000$390,000$65,000
    Net Income$9.37M$13.13M$18.94M$3.98M$21.99M$20.63M$13.72M$10.68M$22.19M$24.71M$16.74M$6.38M
    EBITDA$65.13M$63.62M$70.09M$58.06M$73.61M$70.24M$61.51M$59.65M$74.65M$80.24M$77.04M$70.87M
    EBITN/A$63.62M$67.51M$55.54M$70.92M$66.88M$57.52M$55.54M$71.43M$76.00M$73.11M$69.85M
    * Some calculated fields are derived from available data when not provided by source

    Related GNG Research

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    News

    Form 4 TPG RE Finance Trust Inc: Wendy Silverstein (Director) For: 30 October

    This article reports on a Form 4 filing for TPG RE Finance Trust Inc, detailing insider transaction information for Director Wendy Silverstein on October 30. Form 4 filings are a standard SEC requirement for reporting...

    Investing.com Canada•11/3/26•Neutral

    TPG RE Finance Trust director Michael Gillmore buys $12,860 in stock

    Michael Gillmore, a director at TPG RE Finance Trust, Inc. (NYSE:TRTX), recently purchased 2,000 shares of the company's common stock for $12,860. This acquisition comes as TRTX shares have declined by approximately 15%...

    Investing.com•11/3/26•Neutral

    TPG RE Finance Trust (NYSE:TRTX) Stock: Insider Michael Bradley Smith Purchases 5,000 Shares

    Director Michael Bradley Smith recently purchased 5,000 shares of TPG RE Finance Trust (NYSE:TRTX) stock for $32,600...

    MarketBeat•11/3/26•Somewhat-Bearish

    Tpg Re Finance director Wendy Silverstein buys $253,239 in shares

    Wendy Silverstein, a director at TPG RE Finance Trust, Inc. (NASDAQ:TRTX), recently acquired 38,900 shares of the company's common stock for a total of $253,239. This insider purchase occurred on October 30, 2026...

    Investing.com•11/3/26•Neutral

    At $6.52 a share, a director bought 5,000 shares of TPG RE Finance Trust (TRTX).

    Michael Bradley Smith, a director at TPG RE Finance Trust, Inc. (TRTX), recently purchased 5,000 common shares at $6.52 per share on October 30...

    Stock Titan•11/3/26•Bullish

    TRTX Valuation and Fair Value

    P/E
    9.5x
    Forward P/E
    11.1x
    EV/EBITDA
    18.0x
    P/FCF
    6.9x
    P/B
    0.5x
    See GNG's fair value

    TRTX Profitability: Margins, ROIC and FCF

    Gross margin
    83.8%
    Operating margin
    34.6%
    Net margin
    38.1%
    ROIC
    4.9%
    ROE
    4.3%
    FCF margin
    21.5%
    FCF yield
    14.4%

    TRTX Competitors

    CompanyTicker
    FrontView REIT, Inc.FVR
    Brandywine Realty TrustBDN
    Invesco Mortgage Capital IncIVR
    Universal Health Realty Income TrustUHT
    AH REALTY TRUST INCAHRT
    Real Brokerage IncREAX
    Chimera Investment CorporationCIM
    Adamas Trust, Inc.ADAM

    Sector: Real Estate

    TRTX Analyst Ratings

    Consensus
    Buy
    Analysts
    6
    Strong Buy
    2
    Buy
    3
    Hold
    0
    Sell
    0
    Strong Sell
    1

    TRTX Bull Case vs Bear Case

    Bull case

    • TRTX converts 21.5% of revenue into free cash flow.
    • TRTX has a 38.1% net profit margin.
    • 83.3% of TRTX's analyst ratings are Buy or Strong Buy.

    Bear case

    • TRTX beat EPS estimates in 12.5% of its last 8 reported quarters.
    • TRTX's quarterly revenue changed -32.4% year over year.
    • TRTX has a debt-to-equity ratio of 4.1x.

    TRTX Earnings: Beat Rate and Next Report

    Beat rate
    1 of 8 quarters (12.5%)
    Average surprise
    -22.6%
    EPS estimate (fiscal period ending Dec 31, 2026)
    $0.12

    TRTX Dividend

    Forward yield
    14.2%
    Payout ratio
    86.2%
    3Y DPS growth
    0.0%
    5Y DPS growth
    -7.8%
    Pay months
    Jan, Apr, Jul, Oct
    TRTX dividend history

    TRTX Earnings Date

    TRTX reports Feb 15, 2027, after the close. The date is estimated.

    TRTX Earnings Call

    The latest TRTX earnings call transcript on file is labeled 2026Q3.

    Read the 2026Q3 transcript

    TRTX ETF Holders

    GNG tracks 9 ETFs that hold TRTX. The largest weights:

    1. Hoya Capital High Dividend Yield ETF (RIET), 1.21% of the fund
    2. PFFR, 0.55% of the fund
    3. Flaherty & Crumrine Preferred and Income Opportunity Fund Inc (PFO), 0.29% of the fund
    4. Fidelity Enhanced Small Cap Core ETF (FESM), 0.09% of the fund
    5. iShares Preferred and Income Securities ETF (PFF), 0.08% of the fund
    Open the ETF Stock Exposure tool for TRTX

    See insider activity

    Frequently Asked Questions About TRTX

    When is TRTX's next ex-dividend date?

    TRTX has not declared its next regular ex-dividend date yet. Its last ex-dividend date was Sep 28, 2026 ($0.24 per share). Over the last 12 months, TRTX went ex-dividend in Mar, Jun, Sep and Dec.

    When does TRTX report earnings?

    TPG RE Finance Trust Inc (TRTX) is expected to report earnings on Feb 15, 2027.

    What is TRTX's current dividend yield?

    TPG RE Finance Trust Inc (TRTX) has a forward dividend yield of 14.22%.

    Does TRTX pay dividends?

    Yes, TPG RE Finance Trust Inc pays dividends with a forward dividend yield of 14.22%.

    What is TRTX's P/E ratio?

    TPG RE Finance Trust Inc has a price-to-earnings (P/E) ratio of 9.51.

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