TPG RE Finance Trust, Inc.
TRTX
NYSE·Real Estate·REIT - Mortgage·Mkt cap $605.7M
$7.89
▲ +0.51%
P/E
10.52
Mkt Cap
$605.7M
52-Wk Range
$7.57–$9.83
52-Week Range
$7.57 - $9.83
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Down 18.8% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
5 reasons
- TPG Inc. affiliation provides superior deal sourcing and underwriting expertise
- Diversified investment across multiple property types and debt instruments reduces concentration risk
- REIT tax structure enables tax-efficient distributions to shareholders
- Institutional-grade risk management and portfolio monitoring capabilities
- Access to TPG's global capital and investment platform
Bear Case
1 risk
- Average volatility.
Growth
Revenue decline expected
Expansion of commercial real estate lending opportunities in recovering markets
Value
Valued in line with Mortgage REITs peers (1.1x).
Momentum
Weak
-5.3% over 3m
Quality
Excellent
High-growth business (308% revenue growth, 83% gross margin). Profitable with strong growth momentum.
Dividend
High yield
12.17% yield
Smart-money signal
Who's buying TRTX right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Oct 27, 2026
JUL 28, 2026
Reported EPS of $0.23 vs $0.26 consensus (-10.1% surprise). Revenue of $34.0M vs $37.3M expected (-8.8%).
EPS surprise · last 4Q
0 of 1 beats
Estimate
Actual
Q3 26
-10.1%
Revenue trend · last 8Q
—
—
-68%
-68%
+598%
+698%
+607%
-87%
Q2 24
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q1 26
Q2 26
$11.8M
$10.9M
$30.1M
$12.1M
$82.2M
$86.7M
$85.8M
$10.3M
Margins · last 8Q
Gross
0.0%
Operating
0.0%
Profit
90.5%
Wall Street consensus
2 analysts · 100% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
100%
Hold
0%
Sell
0%
Median Price Target
—
Latest: Citi · Jun 9, 2026
vs Industry
How TRTX stacks vs REIT - Mortgage
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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