TRTX

TPG RE Finance Trust, Inc.

Real Estate · $481M market cap

Verdict

We can't put a fair value on TRTX right now. It's valued like a bank, but its return on tangible equity (or its tangible book value) isn't positive, so there's nothing to base a value on.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth-12.7% a year✗
Equity per share growth-6.8% a year✗
Sales growth10.0% a year✗
Free cash flow growth-0.1% a year✗
Return on invested capital1.8%✗

Follow TRTX

Track it on your watchlist and see the full analysis. Free.

Create a free account

Insider activity

Since Oct 23, 2026: no open-market purchases and 4 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

Questions about TRTX

Are insiders buying TRTX?

Since Oct 23, 2026: no open-market purchases and 4 other filings (stock awards, tax withholding and similar).

How can I check TRTX's value myself?

Use the free Sticker Price calculator, already filled with TRTX's numbers. Change the growth, P/E or required return and see what you'd pay. Open the calculator →

Similar stocks · REIT - Mortgage

About TPG RE Finance Trust, Inc.

TPG RE Finance Trust, Inc. (TRTX) operates as a financial institution primarily engaged in the commercial real estate sector within the United States. Its core business involves generating, purchasing, and actively overseeing a variety of debt instruments connected to commercial properties. The company's investment strategy encompasses a wide range of commercial real estate-backed debt, including senior and subordinate mortgage loans, mezzanine financing, preferred equity stakes, and various secured real estate securities. TRTX also allocates capital to commercial mortgage-backed securities (CMBS) and collateralized loan obligations (CLOs) that are underpinned by real estate assets. These investments are predominantly tied to properties within key sectors such as office buildings, multifamily residences, life science facilities, mixed-use developments, hospitality venues, industrial sites, and retail spaces. For federal income tax purposes, TPG RE Finance Trust, Inc. is structured as a Real Estate Investment Trust (REIT). This classification generally allows the company to avoid federal corporate income tax liabilities, provided it distributes at least 90% of its taxable income to its stockholders. Established in 2014, the company maintains its corporate headquarters in New York, New York.

REIT - Mortgage

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of Oct 27, 2026. How the Payback Price works