TPG RE Finance Trust, Inc.
TPG RE Finance Trust, Inc. (NYSE: TRTX) is an externally managed commercial real estate finance company that originates and acquires commercial real estate credit assets, primarily first mortgage loans and senior participation interests secured by institutional-quality U.S. properties. Its borrowers include real… From the company’s description.
Over the twelve months to Sep 30, 2026, TPG RE Finance Trust, Inc. reported revenue of $142.28M, down 2.4% from a year earlier, and net income of $45.41M. Operations generated $85.19M in cash. In fiscal 2025, it reported revenue of $146.12M, down 4.6% from fiscal 2024, and net income of $60.32M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What TPG RE Finance Trust, Inc. does
In the company’s own words
TPG RE Finance Trust, Inc. (NYSE: TRTX) is an externally managed commercial real estate finance company that originates and acquires commercial real estate credit assets, primarily first mortgage loans and senior participation interests secured by institutional-quality U.S. properties. Its borrowers include real estate sponsors financing properties in transition, such as those undergoing renovation, retenanting or repositioning. The company operates as one business segment and invests mainly in floating-rate commercial mortgage loans, with additional investments possible in mezzanine loans, preferred equity and real estate debt securities. Its loans are secured by properties across sectors including multifamily, industrial, hospitality, office and mixed-use. At December 31, 2025, its portfolio included 50 loans with $4.3 billion in total commitments and $4.1 billion in unpaid principal balance; it also owned two office and four multifamily properties through foreclosure or other ownership. The company operates as a REIT and conducts its business through subsidiaries under the management of a TPG affiliate. Its website is www.tpgrefinance.com.
Company details
- Sector
- Financials
- Industry (SIC)
- REITs
- Headquarters
- SAN FRANCISCO, CA
- Fiscal year end
- December
- CIK
- 1630472
- SIC
- 6798
Financial performance, year by year
Fiscal 2017–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns TPG RE Finance Trust, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · TPG RE Finance Trust, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
Compare this company with peers, find it in your funds and follow its financial history with your connected AI:
- “How do TPG RE Finance Trust, Inc. and its peers compare on margins and cash generation over ten years?”
- “Where did five years of TPG RE Finance Trust, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
- “What changed in TPG RE Finance Trust, Inc.'s last four quarterly filings that the numbers alone won't show?”