TPG RE Finance Trust, Inc. (TRTX) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, TPG RE Finance Trust reported revenue of $32.0M, up 4.7% from $30.6M the year before. Net income was $60.3M (a 188.5% net margin), or $0.57 per diluted share. Operating activities generated $90.4M of cash. At fiscal year end, TPG RE Finance Trust held $4.41B in total assets against $3.34B in total liabilities, including $87.6M of cash and equivalents.
Open the full interactive TPG RE Finance Trust financials → Quarterly statements, key ratios, valuation history and price charts.
TPG RE Finance Trust Key Stats
| Share Price | $5.77 |
|---|---|
| Market Cap | $450.2M |
| P/E Ratio | 10.1 |
| Revenue YoY Growth | +4.7% |
| 52-Week Range | $5.77 – $8.46 |
| Shares Outstanding | 77.0 million (basic, 2026 Q2) |
TPG RE Finance Trust Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $537,000 | $560,000 | $2.8M | $6.3M | $30.6M | $32.0M |
| Pre-Tax Income | -$136.5M | $139.6M | -$59.5M | -$116.4M | $74.7M | $60.7M |
| Income Tax | $305,000 | $1.1M | $530,000 | $259,000 | $399,000 | $378,000 |
| Net Income | -$136.8M | $138.6M | -$60.1M | -$116.6M | $74.3M | $60.3M |
| Diluted EPS | -$2.03 | $0.87 | -$0.95 | -$1.69 | $0.75 | $0.57 |
TPG RE Finance Trust Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $7.9M | $7.7M | $7.8M | $7.8M |
| Net Income | $22.0M | $4.0M | $18.9M | $13.1M |
| Diluted EPS | $0.23 | $0.05 | $0.19 | $0.12 |
TPG RE Finance Trust Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $319.7M | $260.6M | $254.1M | $206.4M | $190.2M | $87.6M |
| Total Assets | $4.91B | $5.22B | $5.55B | $4.21B | $3.73B | $4.41B |
| Total Long-Term Debt | $1.83B | $3.72B | $4.18B | $3.05B | $2.57B | $3.31B |
| Total Liabilities | $3.44B | $3.75B | $4.22B | $3.09B | $2.62B | $3.34B |
| Shareholders' Equity | $1.27B | $1.46B | $1.32B | $1.12B | $1.11B | $1.07B |
TPG RE Finance Trust Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $132.1M | $132.2M | $100.5M | $80.1M | $112.1M | $90.4M |
| Cash From Investing | $964.6M | -$342.9M | -$452.6M | $1.10B | $440.5M | -$789.7M |
| Cash From Financing | -$856.7M | $152.1M | $345.3M | -$1.22B | -$569.2M | $597.1M |
Figures from TPG RE Finance Trust's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full TPG RE Finance Trust financials page for every line item.
TPG RE Finance Trust Company Profile
| Ticker | TRTX |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | San Francisco, California |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001630472 |
Frequently Asked Questions
What was TPG RE Finance Trust's revenue in fiscal 2025?
TPG RE Finance Trust (TRTX) reported revenue of $32.0M for fiscal 2025.
What is TPG RE Finance Trust's annual revenue history?
TPG RE Finance Trust's annual revenue by fiscal year: 2020: $537,000; 2021: $560,000; 2022: $2.8M; 2023: $6.3M; 2024: $30.6M; 2025: $32.0M.
What was TPG RE Finance Trust's net income in fiscal 2025?
TPG RE Finance Trust reported net income of $60.3M for fiscal 2025.
What was TPG RE Finance Trust's earnings per share (EPS) in fiscal 2025?
TPG RE Finance Trust's diluted EPS was $0.57 for fiscal 2025 (adjusted for any later stock splits).
What was TPG RE Finance Trust's revenue last quarter?
In its most recent reported quarter (2026 Q2), TPG RE Finance Trust reported revenue of $7.8M.
How much debt does TPG RE Finance Trust have?
TPG RE Finance Trust reported $3.31B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of TPG RE Finance Trust are outstanding?
TPG RE Finance Trust reported a weighted average of 77.0 million basic shares outstanding in 2026 Q2.
What is TPG RE Finance Trust's market cap?
Based on its latest closing price, TPG RE Finance Trust (TRTX) has a market capitalization of about $450.2M.
When does TPG RE Finance Trust's fiscal year end?
TPG RE Finance Trust's fiscal year end, as registered with the SEC, is December 31.
Where is TPG RE Finance Trust headquartered?
TPG RE Finance Trust lists its business address in San Francisco, California in its SEC filings.