TRTX
TPG RE Finance Trust, Inc.
NYSE · Real Estate · REIT - Mortgage · US
$7.89
+0.51%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 266.8M | 332.6M | 350.9M | 390.2M | 305.7M |
| Cost of Revenue | 46.1M | 68.8M | 69.1M | 33.3M | 30.6M |
| Gross Profit | 220.7M | 263.7M | 281.8M | 356.8M | 275.1M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 953.0K | 42.6M | — | — | — |
| General & Admin Expense | 953.0K | 32.8M | — | — | — |
| Selling & Marketing Expense | — | 9.8M | — | — | — |
| Other Expenses | 32.6M | (21.5M) | 5.6M | 205.0M | 187.2M |
| Total Operating Expenses | 33.6M | 21.1M | 5.6M | 205.0M | 187.2M |
| Cost and Expenses | 79.7M | 89.9M | 74.7M | 238.3M | 217.8M |
| Operating Income (EBIT) | 187.1M | 242.7M | 276.2M | 151.9M | 87.9M |
| Non-Operating | |||||
| Interest Income | 299.8M | 290.2M | 307.1M | 362.6M | 302.9M |
| Interest Expense | 199.1M | 189.0M | 201.5M | 275.3M | 160.8M |
| Net Interest Income | 100.6M | 101.3M | 105.7M | 87.3M | 142.1M |
| Other Non-Op Income/Expense | (128.7M) | (182.0M) | (201.5M) | (268.2M) | (147.5M) |
| Non-Operating Income (excl Interest) | (70.5M) | (7.0M) | — | (7.0M) | (13.3M) |
| EBT (Pre-Tax Income) | 58.4M | 60.7M | 74.7M | (116.4M) | (59.5M) |
| Income Tax Expense | 407.0K | 378.0K | 399.0K | 259.0K | 530.0K |
| Bottom Line | |||||
| Net Income | 58.0M | 60.3M | 74.3M | (116.6M) | (60.1M) |
| Earnings from Cont. Ops | 58.0M | 60.3M | 74.3M | (116.6M) | (60.1M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 52.6M | 45.5M | 72.3M | (118.3M) | (61.1M) |
| Per Share | |||||
| Basic EPS | $0.55 | $0.57 | $0.75 | ($1.69) | ($0.95) |
| Diluted EPS | $0.54 | $0.57 | $0.75 | ($1.69) | ($0.95) |
| Revenue Per Share | $3.46 | $4.19 | $4.40 | $5.03 | $3.96 |
| Shares | |||||
| Basic Shares Outstanding | 77.0M | 79.3M | 79.8M | 77.6M | 77.3M |
| Diluted Shares Outstanding | 78.0M | 79.4M | 79.9M | 77.6M | 77.3M |
| Profitability Metrics | |||||
| EBITDA | 268.1M | 262.4M | 291.1M | 162.4M | 101.2M |
| D&A | 10.5M | 12.7M | 14.9M | 3.5M | — |
| EBIT | 257.6M | 249.7M | 276.2M | 158.9M | 101.2M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026