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TPG RE Finance Trust, Inc. (TRTX) stock

TRTXNYSEReal Estate Investment TrustsFiscal year ends December 31Also trades as TRTX.PC
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 26, 2026Score 14/3031% below fair value
$6.64+0.09 (+1.37%)

Close on Nov 11, 2026Market cap $503.49MP/E 17.0Yield 14.46%

TPG RE Finance Trust, Inc. saw revenue fall 2.4% to $142.28M over the twelve months to Sep 30, 2026. At the latest close the market valued the company at $503.49M, 17.0 times its earnings.

Revenue
$142.28M
-2.4% vs. a year earlier
EPS, diluted
$0.39
-40.0% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$503.49M
P/E ratio
17.0
Price to sales
3.54
Price to book
0.49
Dividend yield
14.46%
Free cash flow yield
–

Fundamentals

Revenue
$142.28M
Net income
$45.41M
EPS, diluted
$0.39
Book value per share
$13.39
Diluted shares
76M

Trading

Next earnings
Feb 16, 2027 (estimated, after the close)
Previous close
$6.55
Open
$6.51
Day's range
$6.45 – $6.71
Volume
1,369,112
Average volume (20 days)
1,842,889
Index membership
Russell 2000, Russell 3000
Beta (5 years)
0.87
52-week range
$5.60 – $9.35
RSI (14 days)
52.6
Volatility (1 year)
25.1%
Relative volume
1.19×
WACC
9.2%

On 2 of our idea lists: Yields that look too good (a warning list), Insider cluster buys

Index membership is inferred from the holdings of funds that track each index (IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2017, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodTRTXS&P 500DifferenceTRTX per yearS&P 500 per year
1 month+13.1%-2.4%+15.5 pts
3 months-13.8%-1.2%−12.7 pts
Year to date-15.1%+12.3%−27.4 pts
1 year-17.2%+12.4%−29.7 pts
3 years+72.6%+78.8%−6.2 pts+20.0%+21.4%
5 years-10.0%+75.2%−85.2 pts-2.1%+11.9%

Twelve years at a glance

Fiscal years 2014 to 2025 and trailing twelve months, USD

Revenue

$142.28M-2.4% YoY

Net income

$45.41M-32.2% YoY

EPS, diluted

$0.39-40.0% YoY

Free cash flow

–
Reported periodTrailing twelve months

Press releases

Releases TPG RE Finance Trust filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About TPG RE Finance Trust

Real Estate Investment Trusts

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.

Company profile, executives and history

TPG RE Finance Trust stock: common questions

What is TPG RE Finance Trust's stock price?

TRTX closed at $6.64 on Nov 11, 2026, up 1.37% on the day. Over the past 52 weeks it traded between $5.60 and $9.35.

What is TPG RE Finance Trust's market cap?

TPG RE Finance Trust was worth $503.49M at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is TRTX's P/E ratio?

TRTX trades at 17.0 times earnings, based on diluted earnings per share of $0.39 over the twelve months to Sep 30, 2026.

How much revenue does TPG RE Finance Trust make?

TPG RE Finance Trust reported revenue of $142.28M for the twelve months to Sep 30, 2026, down 2.4% from a year earlier.

Does TPG RE Finance Trust pay a dividend?

Yes. TPG RE Finance Trust paid $0.96 per share over the last twelve months, a yield of 14.46% at the latest price.

When does TPG RE Finance Trust report earnings next?

TPG RE Finance Trust is expected to report Q4 FY2026 results on Feb 16, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has TRTX stock performed over the past year?

Including dividends, TRTX returned -17.2% over the past year, against +12.4% for the S&P 500.

How many TRTX shares are sold short?

7M shares were sold short at the latest FINRA report, 10.60% of the float, or 3.9 days of average trading volume.

Who are TPG RE Finance Trust's competitors?

Companies most similar to TPG RE Finance Trust by business, industry and size include ARI, ACRE, CTO, ONL, RC.

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