Stocks Real estate TRTX
NYSE · Real estateTPG RE Finance Trust, Inc. (TRTX)
At September 30, 2026 it held $70.8M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 26, 2026.
Key facts about TPG RE Finance Trust, Inc.
- Net worth
- TPG RE Finance Trust, Inc. has a market value (market cap) of $517.4M at the latest share price, and shareholders' equity of $1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $90.4M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 26, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- TPG RE Finance Trust, Inc.'s next report is expected around February 16, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- TPG RE Finance Trust, Inc. declared dividends of $0.96 per share in fiscal 2025, a yield of 14.24% at the current price.
What TPG RE Finance Trust, Inc. does
TPG RE Finance Trust, Inc. is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NYSE under the ticker TRTX.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $60.3M | $0.57 | n/a |
| 2024 | n/a | $74.3M | $0.75 | n/a |
| 2023 | n/a | -$116.6M | -$1.69 | n/a |
| 2022 | n/a | -$60.1M | -$0.95 | n/a |
| 2021 | n/a | $138.6M | $0.87 | n/a |
| 2020 | n/a | -$136.8M | -$2.03 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Dividends
TPG RE Finance Trust, Inc. declared $0.96 per share in fiscal 2025. At the current price that is a yield of 14.24%.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.96 | n/a | n/a |
| 2024 | $0.96 | n/a | n/a |
| 2023 | $0.96 | n/a | n/a |
| 2022 | $0.96 | n/a | n/a |
| 2021 | $0.95 | n/a | n/a |
| 2020 | $1.21 | n/a | n/a |
Latest SEC filings
What TPG RE Finance Trust, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 30, 2026Passive stake changed SCHEDULE 13G/A
- October 26, 2026
- October 26, 2026
- October 6, 2026Material agreement8-KTPG RE Finance Trust completed a commercial real estate collateralized loan obligation transaction backed by approximately $1,000,000,000 of loan collateral.
- July 31, 2026Passive stake (5% or more) SCHEDULE 13G
- July 30, 2026Passive stake changed SCHEDULE 13G/A
- July 28, 2026
- July 28, 2026
- June 1, 2026
- May 21, 2026
Insider trades
What the people running TPG RE Finance Trust, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $298.7K worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 30, 2026 | Gillmore MichaelDirector | Boughtindirect | 2,000 | $12.9K |
| October 30, 2026 | Smith Michael BradleyDirector | Bought | 5,000 | $32.6K |
| October 30, 2026 | Silverstein WendyDirector | Boughtindirect | 38,900 | $253.2K |
| October 23, 2026 | Silverstein WendyDirector | Received as pay | 1,524 | $9.6K |
| October 23, 2026 | Schuster ToddDirector | Received as pay | 210 | $1.3K |
| October 23, 2026 | Smith Michael BradleyDirector | Received as pay | 1,524 | $9.6K |
| October 23, 2026 | Gillmore MichaelDirector | Received as pay | 1,524 | $9.6K |
| July 24, 2026 | Smith Michael BradleyDirector | Received as pay | 1,109 | $9.4K |
Who owns TRTX
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Long Pond Capital, LP13G, passive with 2 related filers | 9.02% | February 13, 2025 |
| Vanguard Capital Management13G, passive | 5.07% | July 31, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 154 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Long Pond Capital, LP | 7,029,102 | 0 |
| BlackRock, Inc. | 6,497,688 | +226,588 |
| Vanguard Capital Management LLC | 3,352,835 | +129,803 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 3,286,960 | +105,664 |
| State of New Jersey Common Pension Fund A | 3,149,148 | 0 |
| Tpg GP A, LLC | 2,392,863 | 0 |
| Gratia Capital, LLC | 2,067,333 | -634,416 |
| Geode Capital Management, LLC | 1,955,268 | +111,965 |
| State Street Corp | 1,836,490 | -60,949 |
| Goldman Sachs Group Inc | 1,516,270 | +315,085 |
| Two Sigma Investments, LP | 1,458,255 | -416,874 |
| Qube Research & Technologies Ltd | 1,284,388 | -329,099 |
| Arrowstreet Capital, Limited Partnership | 1,268,465 | +338,899 |
| Citigroup Inc | 1,194,111 | +3,326 |
| Morgan Stanley | 1,186,018 | +219,163 |
| One William Street Capital Management, L.P. | 1,070,000 | 0 |
| Charles Schwab Investment Management Inc | 1,062,115 | -72,737 |
| Fmr LLC | 861,520 | +141,690 |
| Van Eck Associates Corp | 816,098 | +69,463 |
| Northern Trust Corp | 746,004 | +73,976 |
Insiders
10 insiders reported holding 2,095,762 shares in total, about $14.1M at the last price.
| Holder | Shares |
|---|---|
| Bouquard DougChief Executive Officer, Director | 1,070,146 |
| Coleman MatthewPresident | 326,961 |
| Banyasz AviDirector | 162,322 |
| Silverstein WendyDirector | 139,12338,900 held indirectly |
| Smith Michael BradleyDirector | 105,223 |
| Gillmore MichaelDirector | 102,7232,500 held indirectly |
| Fox Brandon CSee Remark (A) | 87,577 |
| Schuster ToddDirector | 64,188 |
| Hong JulieDirector | 35,330 |
| Goldthorpe Edward J.Director | 2,169 |
Questions about TRTX
What does TPG RE Finance Trust, Inc. do?
TPG RE Finance Trust, Inc. is a company in the Real estate sector, listed on NYSE as TRTX. Its shares trade on NYSE under the ticker TRTX.
What is TPG RE Finance Trust, Inc.'s net worth?
TPG RE Finance Trust, Inc. has a market value (market cap) of $517.4M at the latest share price, and shareholders' equity of $1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is TPG RE Finance Trust, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $45.4M.
When did TPG RE Finance Trust, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 26, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 3, 2026.
When is TPG RE Finance Trust, Inc.'s next earnings report?
TPG RE Finance Trust, Inc.'s next report is expected around February 16, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does TPG RE Finance Trust, Inc. pay a dividend?
Yes. TPG RE Finance Trust, Inc. declared dividends of $0.96 per share in fiscal 2025, a yield of 14.24% at the current price.
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Where the numbers come from
Financial figures are the values TPG RE Finance Trust, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.