TPG RE Finance Trust Inc

TRTX · NYSE · Real Estate / REIT - Mortgage

6.47USD+0.04 (+0.62%)

Price History

Full chart

Market Stats

Previous Close6.43

Open6.49

Day Range6.29 – 6.50

52-Week Range6.19 – 8.51

Volume1.09M

Market Cap503.60M

P/E (TTM)11.93

Forward P/E11.11

EPS0.55

Dividend Yield14.63%

Beta1.47

50-Day Avg7.83

200-Day Avg8.36

About

TPG RE Finance Trust, Inc., a commercial real estate finance company, originates and acquires a portfolio of commercial real estate-related assets in the United States. It engages in directly originating and selectively acquiring first mortgage loans secured by commercial real estate properties; and invests in other commercial real estate-related debt instruments, including subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. TPG RE Finance Trust, Inc. was incorporated in 2014 and is based in New York, New York.

Company Details

SectorReal Estate
IndustryREIT - Mortgage
CEOMr. Doug Bouquard
Employees0
Headquarters888 Seventh Avenue, New York, NY, United States, 10106, USA
Websitehttps://www.tpgrefinance.com

Leadership

Mr. Doug BouquardCEO & Director · b. 1982
Mr. Matthew John Coleman Esq., J.D.President · b. 1977
Mr. Brandon FoxChief Accounting Officer & Interim CFO · b. 1980
Ryan RobertoHead of Capital Markets & Asset Management

Financials

Income Statement

Currency: USD	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	1.85M	77.13M	154.05M	119.26M	138.23M	164.89M	-27.66M	169.81M	305.71M	390.17M	350.93M	332.57M
Growth (%)	-	+4075.74%	+99.73%	-22.58%	+15.90%	+19.29%	-116.78%	+713.84%	+80.03%	+27.63%	-10.06%	-5.23%
Cost of Revenue	1.61M	19.39M	78.68M	24.86M	29.56M	34.27M	22.01M	15.79M	30.61M	33.33M	69.12M	68.83M
Gross Profit	235.00K	77.13M	75.36M	119.26M	138.23M	164.89M	-27.66M	154.02M	275.10M	356.85M	281.81M	263.75M
Gross Margin	12.72%	100.00%	48.92%	100.00%	100.00%	100.00%	100.00%	90.70%	89.99%	91.46%	80.30%	79.30%
Operating Expense	8.48M	-31.41M	5.40M	-53.50M	-95.08M	38.00M	108.86M	14.41M	187.17M	204.98M	5.63M	21.06M
Operating Income	-8.25M	108.53M	69.96M	172.77M	233.31M	126.89M	-136.52M	139.61M	87.93M	151.86M	276.19M	242.69M
Operating Margin	-446.56%	140.72%	45.42%	144.86%	168.78%	76.96%	493.50%	82.22%	28.76%	38.92%	78.70%	72.97%
EBITDA	-8.25M	108.53M	69.99M	172.77M	233.31M	126.89M	-147.61M	148.30M	101.22M	162.39M	291.14M	262.38M
EBITDA Margin	-446.56%	140.72%	45.43%	144.86%	168.78%	76.96%	533.58%	87.33%	33.11%	41.62%	82.96%	78.89%
Net Income	-8.25M	59.35M	69.97M	94.35M	106.94M	126.31M	-136.83M	138.55M	-60.07M	-116.63M	74.33M	60.32M
Net Income Margin	-446.56%	76.96%	45.42%	79.11%	77.36%	76.60%	494.60%	81.59%	-19.65%	-29.89%	21.18%	18.14%
R&D	-	-	0.45	0.47	0.4	0.37	1.69	0.58	0.19	0.3	-	-
R&D as % of Total Revenue	-	-	0.00%	0.00%	0.00%	0.00%	-0.00%	0.00%	0.00%	0.00%	-	-
Interest Expense	-	47.56M	61.65M	78.27M	126.03M	174.84M	107.24M	85.09M	160.75M	275.26M	201.45M	188.96M
Interest Expense % of Total Revenue	-	61.67%	40.02%	65.63%	91.17%	106.03%	-387.64%	50.11%	52.58%	70.55%	57.41%	56.82%

Balance Sheet

Currency: USD	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	-	2.12B	2.67B	3.36B	4.53B	5.89B	4.91B	5.22B	5.55B	4.21B	3.73B	4.41B
Total Liabilities	-	1.40B	1.69B	2.15B	3.20B	4.39B	3.44B	3.75B	4.22B	3.09B	2.62B	3.34B
Total Equity	-	716.35M	970.69M	1.20B	1.33B	1.50B	1.47B	1.46B	1.32B	1.12B	1.11B	1.07B
Cash	-	104.94M	103.13M	75.04M	39.72M	79.18M	319.67M	260.63M	254.05M	206.38M	190.16M	88.27M
Total Debt	-	1.37B	1.66B	287.89M	2.11B	2.02B	3.39B	3.71B	4.29B	3.04B	2.57B	3.29B
Net Debt	-	1.26B	1.56B	212.85M	1.62B	1.80B	3.07B	3.45B	3.91B	2.83B	2.38B	3.20B

Cash Flow

Currency: USD	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	98.61M	85.73M	91.17M	107.70M	121.67M	132.09M	132.17M	100.50M	80.13M	112.13M	90.36M
Investing Cash Flow	-114.77M	-544.73M	-702.58M	-1.19B	-1.31B	964.59M	-342.90M	-452.56M	1.10B	440.51M	-789.71M
Financing Cash Flow	110.45M	457.18M	583.17M	1.05B	1.23B	-856.67M	152.10M	345.34M	-1.22B	-569.18M	597.13M
Capital Expenditure	500.00K	500.00K	111.00K	0	0	0	0	5.06M	5.36M	5.32M	6.14M
Free Cash Flow	98.61M	85.23M	91.06M	107.70M	121.67M	132.09M	132.17M	95.44M	74.76M	106.81M	84.22M
Dividends Paid	39.66M	73.13M	80.29M	103.21M	124.61M	111.63M	98.28M	92.88M	88.42M	90.44M	91.09M
FCF to OCF	100.00%	99.42%	99.88%	100.00%	100.00%	100.00%	100.00%	94.96%	93.31%	95.25%	93.20%
Dividend Paid to FCF	40.22%	85.80%	88.18%	95.83%	102.42%	84.52%	74.36%	97.32%	118.27%	84.67%	108.15%

Earnings

Report Date	May 31, 2017	Aug 24, 2017	Nov 6, 2017	Feb 26, 2018	May 7, 2018	Aug 6, 2018	Nov 5, 2018	Feb 26, 2019	Apr 29, 2019	Jul 29, 2019	Oct 28, 2019	Feb 19, 2020	May 11, 2020	Jul 29, 2020	Nov 4, 2020	Feb 24, 2021	May 4, 2021	Aug 3, 2021	Nov 2, 2021	Feb 23, 2022	May 3, 2022	Aug 2, 2022	Nov 1, 2022	Feb 21, 2023	May 2, 2023	Aug 1, 2023	Oct 30, 2023	Feb 20, 2024	Apr 30, 2024	Jul 30, 2024	Oct 29, 2024	Feb 18, 2025	Apr 28, 2025	Jul 29, 2025	Oct 28, 2025	Feb 24, 2026	Apr 28, 2026	Jul 28, 2026	Oct 27, 2026
EPS Estimate	0.00	0.55	0.35	0.39	0.43	0.44	0.44	0.43	0.43	0.43	0.43	0.44	0.39	0.25	0.26	0.33	0.23	0.25	0.30	0.31	0.30	0.26	0.25	0.19	0.25	0.18	-0.20	-0.17	0.18	0.25	0.27	0.27	0.27	0.23	0.25	0.26	0.25	0.23	0.23
EPS Actual	0.60	0.64	0.33	0.41	0.42	0.44	0.42	0.43	0.43	0.44	0.45	0.45	-2.20	0.23	0.42	0.15	0.27	0.27	0.33	0.23	0.33	0.27	0.19	0.30	0.17	-0.18	-1.33	-2.05	0.30	0.28	0.28	0.10	0.24	0.24	0.25	0.24	0.25	0.17	-
Surprise	-	16.36%	-5.71%	5.13%	-2.33%	0.00%	-4.55%	0.00%	0.00%	2.33%	4.65%	2.27%	-664.10%	-8.00%	61.54%	-54.55%	17.39%	8.00%	10.00%	-25.81%	10.00%	3.85%	-24.00%	57.89%	-32.00%	-200.00%	-565.00%	-1105.88%	66.67%	12.00%	3.70%	-62.26%	-11.76%	4.35%	0.00%	-6.80%	0.00%	-26.09%	-
Timing	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	Pre-market	After-hours	After-hours	-	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap503.60M

Enterprise Value3.94B

Trailing P/E11.93

Forward P/E11.11

Price / Sales3.83

Price / Book0.50

EPS0.55

Book Value13.57

Revenue (TTM)132.25M

Gross Profit (TTM)101.39M

Profit Margin43.89%

Operating Margin43.47%

Return on Equity5.44%

Return on Assets1.33%

Shares Outstanding76.77M

Shares Float66.91M

Beta1.47

Dividend Yield14.63%

Dividend Rate0.96

Payout Ratio105.49%

Analyst Ratings

Buy

Based on 5 analystsTarget 9.88

Strong Buy
2
Buy
2
Sell
1

Ownership Breakdown

Institutions: 79.43%
Insiders: 3.55%
Retail / Other: 17.02%

Top Institutional Holders

Long Pond Capital, LP
7.03M9.16%
BlackRock Inc
6.27M8.17%
Vanguard Capital Management, LLC
3.22M4.20%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
3.18M4.14%
State of New Jersey Common Pension Fd A
3.15M4.10%
GRATIA CAPITAL, LLC
2.70M3.52%
TPG GP A, LLC
2.39M3.12%
State Street Corp
1.90M2.47%
Geode Capital Management, LLC
1.84M2.40%
Qube Research & Technologies
1.61M2.10%
Two Sigma Investments LLC
1.46M1.90%
The Goldman Sachs Group Inc
1.20M1.56%
Citigroup Inc
1.19M1.55%
Charles Schwab Investment Management Inc
1.13M1.48%
One William Street Capital Management, L.P.
1.07M1.39%
Morgan Stanley - Brokerage Accounts
966.86K1.26%

Top Fund Holders

Vanguard MStar Total Stk Mkt Idx Invest
2.42M3.15%
iShares Russell 2000 ETF
1.85M2.41%
Global X SuperDividend™ ETF
1.39M1.81%
Global X SuperDividend ETF USD Cap
1.11M1.44%

Dividends

20262×

0.24Jun 26, 20260.24Mar 27, 2026

20254×

0.24Dec 26, 20250.24Sep 26, 20250.24Jun 27, 20250.24Mar 28, 2025

20244×

0.24Dec 27, 20240.24Sep 27, 20240.24Jun 27, 20240.24Mar 27, 2024

20234×

0.24Dec 28, 20230.24Sep 27, 20230.24Jun 27, 20230.24Mar 28, 2023

20224×

0.24Dec 28, 20220.24Sep 27, 20220.24Jun 27, 20220.24Mar 28, 2022

20214×

0.31Dec 28, 20210.24Sep 28, 20210.20Jun 25, 20210.20Mar 25, 2021

20202×

0.38Dec 24, 20200.20Sep 24, 2020