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Company Analysis

TPG RE Finance Trust, Inc. TRTX

A comprehensive view of key metrics, scores, and financial health for TPG RE Finance Trust, Inc.

Overview of TPG RE Finance Trust, Inc.

TRTX NYQ
Real Estate REIT - Mortgage Small Cap
TPG RE Finance Trust, Inc. (TRTX), is a Small Cap company, in the REIT - Mortgage industry, last closed at $8.44, about 0.0% overvalued vs fair value, +9.7% 1Y return, placing in the top 10% of its sector.
Metrics Rev Growth 120.0% ROE 5.5% Gross Margin 79.3% Div Yield 13.52%
$8.44
-0.71%
As of April 28, 2026
Previous close • Vol 90d: 23.1%
52-Week Range
Market Cap
$661.30M
Enterprise Value
$3.86B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Fair
Growth
Fair
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Fair
Completeness: 82%
Confidence: 49%
Updated: Mar 8
Top Beats
No strong beats yet

Quick Facts

Website https://www.tpgrefinance.com
HQ New York, NY
Fiscal year Dec 31

Next Events

Dividend Apr 24 Ex-div: Mar 27
Earnings Apr 28 Estimated

Fair Value Snapshot

Bear Base Bull
$0
$0
$0
Current: $8.44

Engine Room Money Flow™

Small Cap

Real Estate Investment Trust - Where revenue goes and how value is created

Flow Steps
Total Revenue
$332.6M
120%%
Net Operating Income
$242.7M
224.7%%
Net Income
$59.7M
-18.9%%
FFO (Funds From Operations)
$75.4M
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Real Estate Investment Trust

Quality & Reliability Indicators

FFO Payout Ratio
120.8%
Poor

Dividends / FFO - basic dividend safety

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$116.4M
159.6% of AFFO

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
3
Active Leaks
2/3
Improving
1
High Impact
1
Critical
Locked Leak
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Locked Leak
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Moat Analysis REIT Specialized

Competitive Advantage Assessment

Evaluating TPG RE Finance Trust, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
47
/100
Developing
Scores based on quantitative metrics and qualitative factors

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Rent Pricing Power

Developing
35
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Equity REITs vs Industry Peers 90% Coverage
Trade-Off Triangle Visualization A ternary plot showing TRTX's balance between Growth (33.2%), Profitability (29.6%), and Safety (37.2%). Growth 33% Safety 37% Profitability 30%

Click axes to expand details. Marker shows current allocation.

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Growth

55th percentile vs peers
55
Key Signals
Rev Growth YoY 1.20 72p Revenue CAGR 3Y 28.6% 83p EPS Growth YoY 1.44 89p TSR 15.0% 76p FFO/Share 79.4% 40p
Strengths
  • Revenue CAGR 3Y in top 20% of peers (28.6%, 83th percentile)
  • EPS Growth YoY in top 20% of peers (1.44, 89th percentile)
  • FFO Payout Ratio in top 20% of peers (1.47, 87th percentile)
  • Strong liquidity position vs peers
Risks
  • FFO Growth YoY in bottom 20% of peers (-31.0%)
  • AFFO YoY Growth in bottom 20% of peers (-34.0%)

Profitability

49th percentile vs peers
49
Key Signals
Strengths
Risks
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Safety

61th percentile vs peers
62
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for TPG RE Finance Trust, Inc..

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This company cannot be valued using standard models.

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Fair Value Range Current: $-
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