TRTX · TPG RE Finance Trust, Inc.
Price & Indicators
Up next
AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Allowance for credit losses | $80.7M | Q2 2026 | — |
|
|
|||
| Allowance for credit losses as percent of total loan commitments | 179 | Q2 2026 | — |
| Annualized Dividend Yield | 11.1% | 2Q26 | — |
| Available Financing Capacity | $1.8B | 2Q26 | — |
| Average Loan Size | $86.7M | 2Q26 | — |
| Book value per common share | $10.95 | Q2 2026 | — |
|
|
|||
| CECL Reserve per Share | $0.99 | 2Q26 | — |
| Common Shares Repurchased | 1.3M | 2Q26 | — |
| Common Stock Dividend Declared | $0.24 | 2Q26 | — |
| Distributable Earnings non-GAAP | $17.6M | Q2 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Net income attributable to common stockholders 9.35M
+2.08M Non-cash stock compensation expense
+2.62M Depreciation and amortization
+3.56M Credit loss expense, net
= Distributable earnings 17.62M
|
|||
| Distributable Earnings per common share non-GAAP | $0.23 | Q2 2026 | — |
|
|
|||
| Dividend Yield on Book Value per Share | 8.8% | 2Q26 | — |
| Floating Rate Portfolio | 99.7% | 2Q26 | — |
| Loan Count | 52 | 2Q26 | — |
| Loan repayments | $274.4M | Q2 2026 | — |
|
|
|||
| Near-term liquidity | $488.2M | Q2 2026 | — |
| Non-mark-to-market borrowings as percent of total borrowings | 85.2% | Q2 2026 | — |
| Total loan commitments originated | $466M | Q2 2026 | — |
|
|
|||
| Total Loan Investment Portfolio | $4.5B | 2Q26 | — |
| Unfunded commitments | $14.8M | Q2 2026 | — |
|
|
|||
| Weighted Average Approved Advance Rate | 82.9% | 2Q26 | — |
| Weighted Average Cost of Funds | 1.83% | 2Q26 | — |
| Weighted Average Credit Spread | 3.13% | 2Q26 | — |
| Weighted Average LTV | 65.6% | 2Q26 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Mortgage — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TRTX
this stock
TPG RE Finance Trust, Inc.
|
$607.64M | -8.7% | +4.7% | 12.3 | 4.4% |
|
NLY
Annaly Capital Management Inc
|
$17.89B | +4.2% | — | — | 2.8% |
|
AGNC
AGNC Investment Corp.
|
$12.95B | +1.9% | — | — | 8.4% |
|
STWD
Starwood Property Trust, Inc.
|
$6.11B | -8.9% | -5.3% | — | 4.9% |
|
RITM
Rithm Capital Corp.
|
$5.67B | -6.8% | -6.7% | 16.9 | 7.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TRTX | -2.0% | -7.5% | -7.1% | -1.4% | -8.7% |
| SPY | -2.0% | +3.3% | +11.2% | +2.1% | +11.8% |
| vs SPY | 0.0% | -10.8% | -18.3% | -3.5% | -20.5% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.