TPG RE FINANCE TRUST INC (TRTX)
Financials · Commercial real estate finance / REIT · NYSE
A commercial real estate finance REIT that originates and acquires mortgage loans and credit assets on institutional-quality U.S. properties, managed by TPG's real estate platform.
What TPG RE FINANCE TRUST INC does
TPG RE Finance Trust is a commercial real estate finance company and REIT that directly originates and acquires a diversified portfolio of commercial real estate-related credit assets, consisting primarily of first mortgage loans and senior participation interests in first mortgage loans secured by institutional-quality properties in primary and secondary U.S. markets. The company is externally managed by TPG RE Finance Trust Management, L.P., an affiliate of TPG, a leading global alternative asset manager.
Themes: ["Commercial real estate finance","Mortgage lending","Real estate credit","REIT","Real estate investment"]
Fundamentals
- Price$8.41 as of 2026-07-09 close
- Market cap$652M as of 2026-07-10
- 1-year return+3.8% as of 2026-07-09 close
- P/E9.95 as of 2026-07-10
- Net margin+19.4% as of 2026-07-10
- Gross margin+91.3% as of 2026-07-10
- ROE+6.1% as of 2026-07-10
- Debt / equity3.17 as of 2026-07-10
- Revenue growth (YoY)+0.1% as of 2026-07-10
- Beta1.49 as of 2026-07-10
Dividend: yield +11.4%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Credit risk from commercial mortgage loans and real estate-related debt instruments that may experience delinquency or default","Interest rate risk from portfolio assets that predominantly bear floating interest rates and financing with variable costs","Liquidity risk from dependence on secured financing agreements and collateralized loan obligations to fund operations and investments"]
Competitors & peers
- KKR Real Estate Finance Inc (KREF)
- Blackstone Mortgage Trust (BXMT)
- Ladder Capital Corp (LADR)
- Arbor Realty Trust (ABR)
- Granite Point Mortgage Trust (GPMT)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.