TPG RE Finance Trust, Inc. (TRTX.PC) company profile
Close on Oct 30, 2026Market cap $499.00MP/E 12.0Yield 14.77%
About TPG RE Finance Trust
Real Estate Investment Trusts, SIC 6798
TPG RE Finance Trust, Inc. is a commercial real estate finance company that operates as a real estate investment trust in a single business segment. It originates and acquires commercial real estate debt, primarily focusing on floating-rate first mortgage loans and senior loan participations, alongside mezzanine loans. Its financing supports institutional-quality commercial properties, including multifamily, office, industrial, hospitality, and mixed-use real estate undergoing repositioning or refurbishment. The company serves experienced, well-capitalized real estate borrowers and property sponsors seeking transitional debt capital.
The company invests across primary and select secondary markets in the United States, with loan collateral concentrated in metropolitan areas such as New York City, Los Angeles, San Francisco, and Phoenix. Its portfolio comprises fifty loans and six foreclosed real estate assets consisting of office and multifamily properties. Externally managed by an affiliate of alternative asset manager TPG, the company has no direct employees. TPG RE Finance Trust is headquartered in New York, New York.
Summary of the business section of TPG RE Finance Trust's latest annual report, written by StockData.
Company profile
Company
- Legal name
- TPG RE Finance Trust, Inc.
- Headquarters
- San Francisco, CA
- Address
- C/O Tpg Capital, L.P., 345 California Street, Suite 3300 94104
- Phone
- (415) 743-1500
- Website
- tpgrefinance.com
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Dallas, Texas
Stock & identifiers
- Ticker
- TRTX.PC
- Other tickers
- TRTX
- Exchange
- NYSE
- IPO date
- Jul 21, 2017
- Shares outstanding
- 77M, Jul 24, 2026
- Public float
- $553.40M, Jun 30, 2025
- Filer category
- Accelerated filer
- SEC CIK
- 1630472
- CUSIP
- 87266M107
- ISIN
- US87266M1071
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Doug Bouquard | Chief Executive Officer, Director | 1,070,146 |
| Brandon C. Fox | See Remark (A) | 87,577 |
| Matthew Coleman | President | 327,000 |
| Robert Foley | Chief Financial Officer | 431,541 |
| Michael Bradley Smith | Director | 98,699 |
| Michael Gillmore | Director | 99,199 |
| Wendy Silverstein | Director | 98,699 |
| Todd Schuster | Director | 63,978 |
| Julie Hong | Director | 35,330 |
| Avi Banyasz | Director | 176,437 |
| Edward J. Goldthorpe | Director | 2,169 |
| Gregory White | Director | 78,340 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $3.92M | $4.36M | $1.35M | $81 | $65 |
| FY2025 Doug Bouquard | $3.92M | $4.36M | $1.35M | $81 | $65 |
| FY2025 Matt Coleman | $515.60K | – | $1.35M | $81 | $65 |
| FY2024 Doug Bouquard | $3.52M | $5.58M | $1.43M | $80 | $63 |
| FY2024 Matt Coleman | $376.35K | – | $1.43M | $80 | $63 |
| FY2023 | $2.57M | $2.90M | $1.36M | $61 | $71 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Doug Bouquard Chief Executive Officer | – | – | $3.92M | – | $3.92M | +11% |
| Matthew Coleman President | – | – | $515.60K | – | $515.60K | +37% |
| Brandon Fox Interim Chief Financial Officer and Chief Accounting Officer | $21.88K | $31.80K | $236.86K | $2.80K | $293.33K | +46% |
| Robert Foley Former Chief Financial Officer | $84.38K | $231.19K | $1.03M | $5.77K | $1.35M | -6% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Jul 21, 2017
- Offer price
- $20.00
- Securities offered
- 11,000,000
- Gross proceeds
- $220.00M
- Exchange
- NYSE
- First trading day
- Jul 20, 2017
- First-day close
- $19.58-2.1%
- Lock-up ends (est.)
- Jan 16, 2018
“The initial public offering price is $20.00 per share.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jun 10, 2021 | Listing | Registration of securities on an exchange (Form 8-A) |
| Jul 21, 2017 | IPO | Initial public offering priced (424B4 prospectus) |
| Jul 18, 2017 | Listing | Registration of securities on an exchange (Form 8-A) |