NREF vs TRTX
NREF: A REIT that sources and manages real estate debt financing backed by commercial property across diversified markets. TRTX: 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.
Side-by-side fundamentals
| Metric | NREF | TRTX | Edge |
|---|---|---|---|
| Price as of 2026-07-23 close | $16.40 | $8.50 | |
| Market cap as of 2026-07-24 | $308M | $654M | |
| P/E as of 2026-07-24 | 2.97 | 9.99 | NREF lower |
| PEG as of 2026-07-24 | 0.46 | n/a | |
| Net margin as of 2026-07-24 | +46.2% | +19.4% | NREF higher |
| Gross margin as of 2026-07-24 | +83.3% | +91.3% | TRTX higher |
| Operating margin as of 2026-07-24 | +53.5% | +17.4% | NREF higher |
| ROE as of 2026-07-24 | +14.9% | +6.1% | NREF higher |
| ROA as of 2026-07-24 | +1.9% | +1.5% | NREF higher |
| Debt / equity as of 2026-07-24 | 5.68 | 3.17 | TRTX lower |
| Revenue growth (YoY) as of 2026-07-24 | +45.1% | +0.1% | NREF higher |
| Dividend yield as of 2026-07-24 | +11.9% | +11.1% | NREF higher |
| Dividend streak (yrs) SEC XBRL | 2 | 5 | TRTX higher |
| Beta as of 2026-07-24 | 1.17 | 1.48 | |
| 1-year return as of 2026-07-23 close | +13.5% | +2.8% | NREF higher |
Fundamentals: Finnhub, as of 2026-07-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-23.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date; "Edge" cells are a pure numeric comparison, not a recommendation.