TRTX
TPG RE Finance Trust, Inc.
$8.52
+0.13 (+1.55%)
At close · Jul 14
Market Cap
$658.67M
Shares
77,308,209
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$8.52
Open$8.42
Day$8.38–8.60
52W$7.36–9.07
Avg vol 30d657K
Short int3.8M · 4.9% float · 4.1d
Short vol55%
Last earningsApr 28, 2026
DataJan 2020–Jul 2026
Filing10-Q · Apr 28
Up next
Next earnings call
Jul 28, 2026
Est · unconfirmed
· in 2 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Apr 28, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment advice
Overall
Neutral
SellHoldBuy
Technical
Neutral
Momentum
Weak
Sentiment
Neutral
Fundamentals
Weak
Quant / Vol
Very Low
Market backdrop
VIX 16.5 · calm
Equity put/call 0.62
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−1%
below
Price vs 50-day avg
+1%
above
RSI (14)
53
neutral
MACD trend
Negative
52-week position
68%
mid-range
Momentum
relative strength
1-month return
−1%
trailing
6-month return
−3%
trailing
YTD return
+2%
this year
Relative strength
−14%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $8 › 200d $9 — 200d above 50d
Institutional flow
Distributing
6 of 156 funds reported for Jun 30 · net -32.0K sh shares · +1 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
4.93% of float · ▲ +2.9% MoM · 4.1 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
156 holders — near 3-yr high, broad support
Squeeze score
55
elevated · 0–100
Fundamentals
Revenue growth
+5%
Y/Y
EPS growth
−24%
Y/Y
Valuation
P/E 13.3
in line
Buyback
$16.1M
remaining
Balance sheet
$3.2B
net debt
Quant / Vol
risk profile
Volatility
20%
annualized · 1-yr
Max drawdown
−16%
past year
ATR
1.8%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Sep 30, 2023
Incremental interest income per quarter
· fourth quarter
$0.07
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−1%
Neutral
Price vs 50-day avg
+1%
Bullish
RSI (14)
53
Neutral
MACD trend
Negative
Bearish
52-week position
68%
Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)
No cross
50d $8 › 200d $9 — 200d above 50d
Institutional flow
Distributing
6 of 156 funds reported for Jun 30 · net -32.0K sh shares · +1 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
4.93% of float · ▲ +2.9% MoM · 4.1 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
156 holders — near 3-yr high, broad support
Price context
position in its 52-week range
52-wk low $7
Now $9 · 68%
52-wk high $9
vs 200-day avg -1%
vs 50-day avg +1%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from its earnings releases, calls, and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Allowance for credit losses | $77.1M | Q1 2026 | — |
|
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| Allowance of total loan commitments | 179 | Q1 2026 | — |
| Book value per common share | $11.06 | Q1 2026 | — |
|
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| Distributable Earnings non-GAAP | $19.5M | Q1 2026 | — |
|
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GAAP → non-GAAP reconciliationGAAP Net income attributable to common stockholders 15,166K
+2,056K Non-cash stock compensation expense
+2,577K Depreciation and amortization
-286K Credit loss benefit, net
= Distributable earnings 19,513K
|
|||
| Distributable Earnings per common share non-GAAP | $0.25 | Q1 2026 | — |
|
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| Non-mark-to-market borrowings as a percentage of total borrowings | 77.9% | Q1 2026 | — |
| balance sheet comprised of 2023 and newer originations | 67% | Q1 2026 call | — |
| book value per share | $11.06 | Q1 2026 call | — |
| cash on hand available for investment | $77M | Q1 2026 call | — |
| CECL reserve | 179 | Q1 2026 call | — |
| CRE-CLO reinvestment proceeds | $41.2M | Q1 2026 call | — |
| debt-to-equity ratio | 3.1 | Q1 2026 call | — |
| dividend coverage ratio non-GAAP | 1.04 | Q1 2026 call | — |
| executed term sheets year-to-date | $535M | year-to-date 2026 call | — |
| financing capacity available | $1.5B | Q1 2026 call | — |
| liquidity | $173M | Q1 2026 call | — |
| loan originations closed year-to-date | $324M | year-to-date 2026 call | — |
| loan originations in Q1 | $148.4M | Q1 2026 call | — |
| loan repayments in Q1 | $123.6M | Q1 2026 call | — |
| loans originated since start of Q4 2025 | 12 | Q4 2025 through Q1 2026 call | — |
| near-term liquidity | $172.8M | Q1 2026 call | — |
| net assets | $4.1B | Q1 2026 call | — |
| new investments closed in 2025 | $1.9B | FY2025 call | — |
| non-mark-to-market financing percentage | 78% | Q1 2026 call | — |
| office exposure as percentage of balance sheet | 5% | Q1 2026 call | — |
| post-quarter-end hotel loan commitment | $175.4M | Q2 2026 call | — |
| post-quarter-end office loan repayments | $262.3M | Q2 2026 call | — |
| shares repurchased in Q1 | 557,000 | Q1 2026 call | — |
| shares repurchased year-to-date through April 27th | 1M | year-to-date through April 27, 2026 call | — |
| total commitments of loans originated since Q4 2025 | $1.25B | Q4 2025 through Q1 2026 call | — |
| total leverage | 3.1 | Q1 2026 call | — |
| undrawn capacity under secured financing arrangements | $39.7M | Q1 2026 call | — |
| unencumbered loan investments eligible to be pledged | $106.8M | Q1 2026 call | — |
| weighted average credit spread on Q1 originations | 2.73% | Q1 2026 call | — |
| weighted average repurchase price | $8.06 | Q1 2026 call | — |
| year-over-year growth in earning assets | 25% | FY2025 call | — |
| year-over-year growth in net assets | 26% | Q1 2026 call | — |
| Allowance for credit losses as percent of total loan commitments | 180 | Q4 2025 | — |
| Loan repayments | $987.9M | Full Year 2025 | — |
| Total loan commitments originated | 1.9B | Full Year 2025 | — |
| Unfunded commitments | $173.6M | Full Year 2025 | — |
Figures exactly as the company stated them · click a metric with a to chart its history · period links open the stating document · "call" marks figures stated on the earnings call, "filing" figures stated in the 10-K/10-Q · YoY needs the prior-year figure on file
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.
|
$658.67M | +2.0% | +0.0% | 13.3 | 4.9% |
|
NLY
Annaly Capital Management Inc
|
$16.86B | +10.0% | — | 7.4 | 3.2% |
|
AGNC
AGNC Investment Corp.
|
$12.83B | +7.8% | — | 8.7 | 9.6% |
|
STWD
Starwood Property Trust, Inc.
|
$6.16B | -5.2% | +40.0% | 17.5 | 5.0% |
|
RITM
Rithm Capital Corp.
|
$5.06B | -16.8% | -6.7% | 8.3 | 5.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TRTX | +1.3% | -0.8% | -3.2% | +1.8% | +2.0% |
| SPY | +0.6% | +1.4% | +11.0% | +0.7% | +10.3% |
| vs SPY | +0.8% | -2.2% | -14.1% | +1.1% | -8.3% |
Capital returns
Latest dividend
$0.24
/ share · ex Jun 26, 2026
Paid (TTM)
$0.96
/ share · 4 payouts
Dividend yield (TTM, derived)
11.27%
Buyback program
· as of Apr 24, 2026
Authorized
$25.00M
Spent (derived)
$8.90M
Remaining
$16.10M
Spent
Remaining
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.