TPG RE Finance Trust, Inc.(TRTX)Stock Analysis
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This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
TRTX Stock Analysis & AI Quality Score
AI stock analysis and institutional research for TPG RE Finance Trust, Inc. (TRTX), a Real Estate sector company. TRTX is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), TPG RE Finance Trust, Inc. reports quarterly revenue of $37.3M, net income of $18.9M, free cash flow of $24.6M. Top institutional holders of TRTX by reported 13-F value include Long Pond Capital,, BlackRock,, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. TRTX trades on the NYSE exchange and files with the SEC under CIK 1630472. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TRTX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for TPG RE Finance Trust, Inc. directly from SEC EDGAR.
Revenue
Q1 2026
$37.3M
Net Income
Q1 2026
$18.9M
Free Cash Flow
Q1 2026
$24.6M
ROIC
Q1 2026
0.4%
D/E Ratio
Q1 2026
3.18
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+404.9% YoYNet Income
+151.7% YoYEPS (Diluted)
+133.7% YoYTotal Assets
+4.6% YoYTotal Debt
+8.6% YoYOp. Cash Flow
+12.8% YoY| Metric | FY 2025 | FY 2023 | FY 2022 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $32.0M +404.9% | $6.3M | — | — | — | — |
| Net Income | $60.3M +151.7% | $-116.6M -94.2% | $-60.1M +56.1% | $-136.8M -208.3% | $126.3M +18.1% | $106.9M |
| EPS (Diluted) | $0.57 +133.7% | $-1.69 -77.9% | $-0.95 +53.2% | $-2.03 -217.3% | $1.73 +1.8% | $1.70 |
| Total Assets | $4.41B +4.6% | $4.21B -24.0% | $5.55B +13.0% | $4.91B -16.7% | $5.89B +30.2% | $4.53B |
| Total Debt | $3.31B +8.6% | $3.05B -27.1% | $4.18B | — | — | — |
| Operating Cash Flow | $90.4M +12.8% | $80.1M -20.3% | $100.5M -23.9% | $132.1M +8.6% | $121.7M +13.0% | $107.7M |
AI Insight: TRTX Ratio Trends
TRTX shows volatile profitability with ROE swinging from 1.5% to 8.1% across quarters while leverage climbed 41% since Q2 2024.
• ROE declined from 8.8% in Q2 2024 to 6.2% TTM, with sharp quarterly volatility including a 1.5% low in Q4 2025.
• Debt-to-equity ratio increased from 2.25 in Q2 2024 to 3.18 in Q1 2026, indicating rising leverage.
• ROA mirrored ROE weakness, falling from 2.7% in Q2 2024 to 1.5% TTM despite Q1 2026 recovery to 1.7%.
⚠ Extreme profitability volatility with ROE ranging from 1.5% to 8.1% across recent quarters suggests inconsistent earnings quality.
⚠ Leverage trajectory climbing 30% from 2.25 to 3.18 D/E over six quarters amid weakening return metrics.
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Available Research
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Top Institutional Holders of TRTX
Long Pond Capital, LP
$54.9M7,029,102 shBlackRock, Inc.
$49.0M6,271,100 shVANGUARD CAPITAL MANAGEMENT LLC
$25.2M3,223,032 shMIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
$24.8M3,181,296 shState of New Jersey Common Pension Fund A
$24.6M3,149,148 shGRATIA CAPITAL, LLC
$21.1M2,701,749 shTPG GP A, LLC
$18.7M2,392,863 shSTATE STREET CORP
$15.3M1,897,439 shTWO SIGMA INVESTMENTS, LP
$14.6M1,875,129 shGEODE CAPITAL MANAGEMENT, LLC
$14.4M1,843,303 sh
| Fund | Value | Shares |
|---|---|---|
| Long Pond Capital, LP | $54.9M | 7,029,102 |
| BlackRock, Inc. | $49.0M | 6,271,100 |
| VANGUARD CAPITAL MANAGEMENT LLC | $25.2M | 3,223,032 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $24.8M | 3,181,296 |
| State of New Jersey Common Pension Fund A | $24.6M | 3,149,148 |
| GRATIA CAPITAL, LLC | $21.1M | 2,701,749 |
| TPG GP A, LLC | $18.7M | 2,392,863 |
| STATE STREET CORP | $15.3M | 1,897,439 |
| TWO SIGMA INVESTMENTS, LP | $14.6M | 1,875,129 |
| GEODE CAPITAL MANAGEMENT, LLC | $14.4M | 1,843,303 |
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Popular Research
Is TRTX a good stock to buy?
13F Pro's AI-powered analysis of TPG RE Finance Trust, Inc. (TRTX) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for TRTX are available on the TRTX stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own TRTX?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling TRTX. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of TPG RE Finance Trust, Inc.'s investment landscape.