6.74
-0.15%
Close of 9 Nov 2026, in USD
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About TPG RE Finance Trust
From its filings with the US Securities and Exchange Commission
TPG RE Finance Trust is based in San Francisco, California and is incorporated in Maryland. Its shares trade on NYSE under the ticker TRTX. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported net income of $60.3m. At that date it held total assets of $4.41bn and shareholders' equity of $1.07bn.
TPG RE Finance Trust, Inc. is a commercial real estate finance company externally managed by TPG RE Finance Trust Management, L.P., an affiliate of TPG. Our principal executive offices are located at 888 Seventh Avenue, 35th Floor, New York, New York 10106. We are organized as a holding company and conduct our operations primarily through TPG RE Finance Trust Holdco, LLC (“Holdco”), a wholly owned Delaware limited liability company, and Holdco’s direct and indirect subsidiaries. We conduct our operations as a REIT for U.S. federal income tax purposes. We generally will not be subject to U.S. federal income taxes on our REIT taxable income to the extent that we annually distribute all of our REIT taxable income to stockholders and maintain our qualification as a REIT. We also operate our business in a manner that permits us to maintain an exclusion or exemption from registration under the Investment Company Act.
We operate our business as one segment. Our principal business activity is to directly originate and acquire a diversified portfolio of commercial real estate-related assets, consisting primarily of first mortgage loans and senior participation interests in first mortgage loans secured by institutional-quality properties in primary and select secondary markets in the United States.
Quoted from its 10-K, filed 17 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Mortgage Real Estate Investment Trusts (REITs)
- Listed since
- 20 Jul 2017
- Website
- tpgrefinance.com ↗
- Head office
- C/O TPG CAPITAL, L.P., SAN FRANCISCO, CA, 94104
- Incorporated in
- MD
- Classification
- Real Estate Investment Trusts
- Filer status
- Accelerated filer
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- TPG RE Finance Trust Inc qualifies as a REIT for tax purposes in the US.
- The company focuses on commercial real estate finance in the United States.
- It originates first mortgage loans secured by commercial properties in the US.
Weaknesses
- The company's business is concentrated in the US commercial real estate market.
- It relies on originating and acquiring mortgage loans in a single country.
- TPG RE Finance Trust Inc has limited diversification across geographic regions.
Opportunities
- Expanding into other commercial real estate debt instruments beyond mortgages.
- Growing demand for commercial real estate financing in the US market.
- Increasing investment in mezzanine loans and preferred equity segments.
Threats
- Economic downturns affecting commercial real estate values in the US.
- Rising interest rates impacting mortgage loan demand in the US.
- Regulatory changes in the US financial sector affecting REITs.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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