TPG RE FINANCE TRUST INC (TRTX) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:TRTX • US87266M1071

8.95 USD
+0.06 (+0.67%)
At close: Feb 6, 2026
8.95 USD
0 (0%)
After Hours: 2/6/2026, 8:09:10 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Overall TRTX gets a fundamental rating of 6 out of 10. We evaluated TRTX against 70 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. Both the profitability and the financial health of TRTX get a neutral evaluation. Nothing too spectacular is happening here. TRTX may be a bit undervalued, certainly considering the very reasonable score on growth These ratings would make TRTX suitable for value investing!


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year TRTX was profitable.
  • TRTX had a positive operating cash flow in the past year.
  • In multiple years TRTX reported negative net income over the last 5 years.
  • Each year in the past 5 years TRTX had a positive operating cash flow.
TRTX Yearly Net Income VS EBIT VS OCF VS FCFTRTX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M

1.2 Ratios

  • TRTX has a Return On Assets of 1.28%. This is amongst the best in the industry. TRTX outperforms 88.57% of its industry peers.
  • TRTX has a Return On Equity of 4.82%. This is comparable to the rest of the industry: TRTX outperforms 60.00% of its industry peers.
  • TRTX has a better Return On Invested Capital (4.90%) than 97.14% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TRTX is above the industry average of 1.26%.
Industry RankSector Rank
ROA 1.28%
ROE 4.82%
ROIC 4.9%
ROA(3y)-0.94%
ROA(5y)-0.93%
ROE(3y)-3.95%
ROE(5y)-3.53%
ROIC(3y)5.39%
ROIC(5y)4.65%
TRTX Yearly ROA, ROE, ROICTRTX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 -10

1.3 Margins

  • Looking at the Profit Margin, with a value of 15.93%, TRTX is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • In the last couple of years the Profit Margin of TRTX has declined.
  • Looking at the Operating Margin, with a value of 76.07%, TRTX belongs to the top of the industry, outperforming 98.57% of the companies in the same industry.
  • In the last couple of years the Operating Margin of TRTX has declined.
  • The Gross Margin of TRTX (91.36%) is better than 100.00% of its industry peers.
  • TRTX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 76.07%
PM (TTM) 15.93%
GM 91.36%
OM growth 3Y-2.13%
OM growth 5Y-2.23%
PM growth 3Y-16.74%
PM growth 5Y-14.35%
GM growth 3Y1.36%
GM growth 5Y0.46%
TRTX Yearly Profit, Operating, Gross MarginsTRTX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TRTX is destroying value.
  • TRTX has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for TRTX has been increased compared to 5 years ago.
  • Compared to 1 year ago, TRTX has an improved debt to assets ratio.
TRTX Yearly Shares OutstandingTRTX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
TRTX Yearly Total Debt VS Total AssetsTRTX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

  • TRTX has an Altman-Z score of 0.24. This is a bad value and indicates that TRTX is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.24, TRTX belongs to the top of the industry, outperforming 81.43% of the companies in the same industry.
  • The Debt to FCF ratio of TRTX is 33.83, which is on the high side as it means it would take TRTX, 33.83 years of fcf income to pay off all of its debts.
  • TRTX has a Debt to FCF ratio of 33.83. This is amongst the best in the industry. TRTX outperforms 82.86% of its industry peers.
  • A Debt/Equity ratio of 2.71 is on the high side and indicates that TRTX has dependencies on debt financing.
  • TRTX has a better Debt to Equity ratio (2.71) than 77.14% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.71
Debt/FCF 33.83
Altman-Z 0.24
ROIC/WACC0.74
WACC6.65%
TRTX Yearly LT Debt VS Equity VS FCFTRTX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 4.20 indicates that TRTX has no problem at all paying its short term obligations.
  • TRTX has a Current ratio of 4.20. This is amongst the best in the industry. TRTX outperforms 92.86% of its industry peers.
  • TRTX has a Quick Ratio of 4.20. This indicates that TRTX is financially healthy and has no problem in meeting its short term obligations.
  • TRTX has a Quick ratio of 4.20. This is amongst the best in the industry. TRTX outperforms 92.86% of its industry peers.
Industry RankSector Rank
Current Ratio 4.2
Quick Ratio 4.2
TRTX Yearly Current Assets VS Current LiabilitesTRTX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 169.75% over the past year.
  • The earnings per share for TRTX have been decreasing by -11.01% on average. This is quite bad
  • TRTX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -10.78%.
  • TRTX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.60% yearly.
EPS 1Y (TTM)169.75%
EPS 3Y-4.44%
EPS 5Y-11.01%
EPS Q2Q%-10.71%
Revenue 1Y (TTM)-10.78%
Revenue growth 3Y13.5%
Revenue growth 5Y0.6%
Sales Q2Q%-3.39%

3.2 Future

  • The Earnings Per Share is expected to grow by 6.91% on average over the next years.
  • The Revenue is expected to grow by 3.81% on average over the next years.
EPS Next Y4.48%
EPS Next 2Y9.17%
EPS Next 3Y6.91%
EPS Next 5YN/A
Revenue Next Year1.09%
Revenue Next 2Y5.31%
Revenue Next 3Y3.81%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
TRTX Yearly Revenue VS EstimatesTRTX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
TRTX Yearly EPS VS EstimatesTRTX Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 -1 -2 -3

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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • TRTX is valuated reasonably with a Price/Earnings ratio of 10.78.
  • TRTX's Price/Earnings ratio is a bit cheaper when compared to the industry. TRTX is cheaper than 65.71% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.92, TRTX is valued rather cheaply.
  • A Price/Forward Earnings ratio of 7.82 indicates a rather cheap valuation of TRTX.
  • 71.43% of the companies in the same industry are more expensive than TRTX, based on the Price/Forward Earnings ratio.
  • TRTX is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.78, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.78
Fwd PE 7.82
TRTX Price Earnings VS Forward Price EarningsTRTX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 98.57% of the companies in the same industry are more expensive than TRTX, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, TRTX is valued cheaper than 84.29% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.08
EV/EBITDA 13.42
TRTX Per share dataTRTX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • TRTX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.41
PEG (5Y)N/A
EPS Next 2Y9.17%
EPS Next 3Y6.91%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • TRTX has a Yearly Dividend Yield of 10.80%, which is a nice return.
  • Compared to an average industry Dividend Yield of 12.35, TRTX is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.81, TRTX pays a better dividend.
Industry RankSector Rank
Dividend Yield 10.8%

5.2 History

  • The dividend of TRTX decreases each year by -8.14%.
  • TRTX has been paying a dividend for over 5 years, so it has already some track record.
  • TRTX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-8.14%
Div Incr Years1
Div Non Decr Years3
TRTX Yearly Dividends per shareTRTX Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • TRTX pays out 175.66% of its income as dividend. This is not a sustainable payout ratio.
DP175.66%
EPS Next 2Y9.17%
EPS Next 3Y6.91%
TRTX Yearly Income VS Free CF VS DividendTRTX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M -100M -150M
TRTX Dividend Payout.TRTX Dividend Payout, showing the Payout Ratio.TRTX Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

TPG RE FINANCE TRUST INC

NYSE:TRTX (2/6/2026, 8:09:10 PM)

After market: 8.95 0 (0%)

8.95

+0.06 (+0.67%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)10-28
Earnings (Next)02-17
Inst Owners77.32%
Inst Owner Change0.25%
Ins Owners3%
Ins Owner Change3.9%
Market Cap700.43M
Revenue(TTM)327.61M
Net Income(TTM)52.20M
Analysts80
Price Target10.46 (16.87%)
Short Float %5.4%
Short Ratio5.06
Dividend
Industry RankSector Rank
Dividend Yield 10.8%
Yearly Dividend1.14
Dividend Growth(5Y)-8.14%
DP175.66%
Div Incr Years1
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.69%
Min EPS beat(2)-2.74%
Max EPS beat(2)4.11%
EPS beat(4)1
Avg EPS beat(4)-17.25%
Min EPS beat(4)-63%
Max EPS beat(4)4.11%
EPS beat(8)4
Avg EPS beat(8)-136.16%
EPS beat(12)5
Avg EPS beat(12)-151.15%
EPS beat(16)5
Avg EPS beat(16)-118.99%
Revenue beat(2)2
Avg Revenue beat(2)6.28%
Min Revenue beat(2)5.85%
Max Revenue beat(2)6.71%
Revenue beat(4)2
Avg Revenue beat(4)-1.32%
Min Revenue beat(4)-15.5%
Max Revenue beat(4)6.71%
Revenue beat(8)4
Avg Revenue beat(8)-1.02%
Revenue beat(12)5
Avg Revenue beat(12)9.64%
Revenue beat(16)9
Avg Revenue beat(16)27.31%
PT rev (1m)1.73%
PT rev (3m)3%
EPS NQ rev (1m)0.26%
EPS NQ rev (3m)-1.28%
EPS NY rev (1m)-0.07%
EPS NY rev (3m)0.14%
Revenue NQ rev (1m)3.13%
Revenue NQ rev (3m)-2.94%
Revenue NY rev (1m)-1.53%
Revenue NY rev (3m)-2.17%
Valuation
Industry RankSector Rank
PE 10.78
Fwd PE 7.82
P/S 2.14
P/FCF 8.08
P/OCF 7.68
P/B 0.65
P/tB 0.66
EV/EBITDA 13.42
EPS(TTM)0.83
EY9.27%
EPS(NY)1.14
Fwd EY12.78%
FCF(TTM)1.11
FCFY12.38%
OCF(TTM)1.17
OCFY13.02%
SpS4.19
BVpS13.83
TBVpS13.64
PEG (NY)2.41
PEG (5Y)N/A
Graham Number16.07
Profitability
Industry RankSector Rank
ROA 1.28%
ROE 4.82%
ROCE 6.2%
ROIC 4.9%
ROICexc 5.02%
ROICexgc 5.06%
OM 76.07%
PM (TTM) 15.93%
GM 91.36%
FCFM 26.46%
ROA(3y)-0.94%
ROA(5y)-0.93%
ROE(3y)-3.95%
ROE(5y)-3.53%
ROIC(3y)5.39%
ROIC(5y)4.65%
ROICexc(3y)5.67%
ROICexc(5y)4.9%
ROICexgc(3y)5.74%
ROICexgc(5y)4.97%
ROCE(3y)6.82%
ROCE(5y)5.88%
ROICexgc growth 3Y24.39%
ROICexgc growth 5Y8.93%
ROICexc growth 3Y24.45%
ROICexc growth 5Y8.68%
OM growth 3Y-2.13%
OM growth 5Y-2.23%
PM growth 3Y-16.74%
PM growth 5Y-14.35%
GM growth 3Y1.36%
GM growth 5Y0.46%
F-Score4
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 2.71
Debt/FCF 33.83
Debt/EBITDA 11.13
Cap/Depr 31.59%
Cap/Sales 1.37%
Interest Coverage 1.41
Cash Conversion 34.62%
Profit Quality 166.09%
Current Ratio 4.2
Quick Ratio 4.2
Altman-Z 0.24
F-Score4
WACC6.65%
ROIC/WACC0.74
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)1.52%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)169.75%
EPS 3Y-4.44%
EPS 5Y-11.01%
EPS Q2Q%-10.71%
EPS Next Y4.48%
EPS Next 2Y9.17%
EPS Next 3Y6.91%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.78%
Revenue growth 3Y13.5%
Revenue growth 5Y0.6%
Sales Q2Q%-3.39%
Revenue Next Year1.09%
Revenue Next 2Y5.31%
Revenue Next 3Y3.81%
Revenue Next 5YN/A
EBIT growth 1Y-16.3%
EBIT growth 3Y11.09%
EBIT growth 5Y-1.64%
EBIT Next Year43.44%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y28.44%
FCF growth 3Y-6.86%
FCF growth 5Y-2.58%
OCF growth 1Y21.76%
OCF growth 3Y-5.34%
OCF growth 5Y-1.62%

TPG RE FINANCE TRUST INC / TRTX FAQ

What is the ChartMill fundamental rating of TPG RE FINANCE TRUST INC (TRTX) stock?

ChartMill assigns a fundamental rating of 6 / 10 to TRTX.


What is the valuation status for TRTX stock?

ChartMill assigns a valuation rating of 7 / 10 to TPG RE FINANCE TRUST INC (TRTX). This can be considered as Undervalued.


Can you provide the profitability details for TPG RE FINANCE TRUST INC?

TPG RE FINANCE TRUST INC (TRTX) has a profitability rating of 6 / 10.


How financially healthy is TPG RE FINANCE TRUST INC?

The financial health rating of TPG RE FINANCE TRUST INC (TRTX) is 6 / 10.


Is the dividend of TPG RE FINANCE TRUST INC sustainable?

The dividend rating of TPG RE FINANCE TRUST INC (TRTX) is 4 / 10 and the dividend payout ratio is 175.66%.