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TPG RE Finance Trust TRTX · USD

Financials · US listing · 🇺🇸 United States

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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

SEC filings

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.

In its own words

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
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.

AI-generated

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
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