TRTX

TPG RE Finance Trust, Inc.

Fundamental data last updated:August 12, 2026

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company profile

SECTOR

Real Estate

industry

REIT - Mortgage

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

TPG RE Finance Trust, Inc., a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the office, multifamily, life science, mixed-use, hospitality, industrial, and retail real estate sectors. 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.

 


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VALUATION

P/E

10.08

Market Cap ($M USD)

$652.48M

Forward P/E

7.03

PEG

0.16

PRICE TO SALES

1.93

PRICE TO BOOK

0.62

EV / EBITDA

14.39

5-Year Average P/E

Free Cash Flow Yield

13.50%

DCF Value

$15.49

Graham Number

$15.99

Price to FCF

7.41

EV to FCF

44.55

Earnings Yield

9.92%

FCF Yield

13.50%

DIVIDEND

Yield

11.37%

Annual Payout

$0.96

Payout Ratio

138.02%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$0.84

Next Year EPS Growth Estimate

$1.20

Next Year Revenue Growth Estimate

$167.00M

Return on Equity (ROE)

6.09%

FREE CASH FLOW

Operating Margin

74.96%

Debt-to-Equity

3.08

Piotroski F-Score

6

Altman Z-Score

0.20

Return on Invested Capital (ROIC)

5.72%

Current Ratio

5.24

Quick Ratio

5.24

Net Debt to EBITDA

12.00

Interest Coverage

1.30

Gross Profit margin

80.51%

FCF PER SHARE

$1.13

REVENUE PER SHARE

$4.33

Analyze TRTX on TradingView

Gainseekers Quantitative Analysis

Summary

TRTX appears to be a compelling deep value play. The stock has traded below its DCF value and Graham Number, suggesting significant upside potential. With a Forward P/E of 7.14 and an Earnings Yield of 9.77%, the market seems to be underestimating its earnings power. However, the Altman Z-score of 0.21 raises red flags about financial distress, indicating potential risks. Overall, while the valuation metrics are attractive, the company’s financial health requires careful scrutiny.

AI Exposure / Tech Reliance

Operating in the REIT - Mortgage sector, TRTX is not directly exposed to AI or tech shifts. However, its ability to leverage technology for operational efficiency could enhance its competitive edge. The real estate sector's slow adoption of tech innovations may limit immediate impacts.

The Bull Case

For value or GARP investors, TRTX offers enticing prospects. The company boasts a robust ROIC of 5.72% and a solid FCF Yield of 13.29%, indicating efficient capital use and strong cash generation. A Piotroski F-Score of 6 suggests moderate financial strength, while an impressive operating margin of 74.96% highlights its pricing power. These metrics paint a picture of a company capable of delivering shareholder value through disciplined management and operational efficiency.

The Bear Case

Despite its strengths, TRTX faces significant structural risks. The Debt/Equity ratio of 3.08 is alarmingly high, suggesting a heavy reliance on leverage. Its Net Debt to EBITDA ratio of 11.99 further underscores potential liquidity concerns. Additionally, the stock's proximity to its 52-week high, with only a 14.94% distance, could indicate technical overextension. These factors, combined with an interest coverage ratio of just 1.30, highlight vulnerabilities that could impact future performance.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$10.00

Institutional Ownership %

1-Year Beta

1.49

Insider Buying % (6 Mo)

Distance to 52-Week High

16.71%

Distance to 52-Week Low

11.37%

EARNINGS SURPRISE %

0.00%

50-DAY SMA

$8.19

200-DAY SMA

$8.73

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.