TPG RE Finance Trust, Inc.
TRTXNYSEReal Estate · Real Estate Investment Trusts · MD · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — |
| Net income | $60.3M | $74.3M | −$116.6M | −$60.1M | $138.6M | −$136.8M |
| Total assets | $4.41B | $3.73B | $4.21B | $5.55B | $5.22B | $4.91B |
| Total liabilities | $3.34B | $2.62B | $3.09B | $4.22B | $3.75B | $3.44B |
| Equity | $1.07B | $1.11B | $1.12B | $1.32B | $1.46B | $1.27B |
| EPS (diluted) | $0.57 | $0.75 | $-1.69 | $-0.95 | $0.87 | $-2.03 |
| Shares out. | 81.0M | 77.9M | 77.4M | 77.2M | 77.2M | 76.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- 5.6%
- Return on assets
- 1.4%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 75.8%
- Debt / equity
- 3.13×
- Book value / share
- $13.18
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- −18.9%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −0.7%clean
- Piotroski F-Score
- 3/6weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 warning● 2 good- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Gratia Capital, LlcActivist (13D)Apr 21, 2026
- Vanguard Group IncPassive (13G)Mar 27, 2026
- Tpg Gp A, LlcPassive (13G)Nov 14, 2025
- State Of New Jersey Common Pension Fund EPassive (13G)Oct 16, 2025
- Blackrock, Inc.Passive (13G)Apr 17, 2025
- Long Pond Capital, LpPassive (13G)Feb 13, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 3.3M | 6.5 | -10.8% |
| Apr 30, 2026 | 3.7M | 6.1 | +16.2% |
| Apr 15, 2026 | 3.2M | 5.5 | -1.1% |
| Mar 31, 2026 | 3.3M | 3.8 | +4.6% |
| Mar 13, 2026 | 3.1M | 4.5 | -0.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Regulation FD disclosureJun 1, 2026
- Shareholder voteMay 21, 2026
- Entered a material agreement · New financial obligation · Regulation FD disclosureMay 15, 2026
- Results of operationsApr 28, 2026
- Regulation FD disclosureMar 2, 2026
- Results of operationsFeb 17, 2026
- Entered a material agreement · New financial obligation · Regulation FD disclosureNov 21, 2025
- Regulation FD disclosureNov 17, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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