TPG RE FINANCE TRUST INC (TRTX) Stock Fundamental Analysis
NYSE:TRTX • US87266M1071
8.53 USD
+0.07 (+0.83%)
At close: Mar 2, 2026
8.52 USD
-0.01 (-0.12%)
After Hours: 3/2/2026, 8:04:00 PM
Overall TRTX gets a fundamental rating of 6 out of 10. We evaluated TRTX against 68 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 is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings would make TRTX suitable for value investing!
1. Profitability
1.1 Basic Checks
- TRTX had positive earnings in the past year.
- 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.
1.2 Ratios
- Looking at the Return On Assets, with a value of 1.03%, TRTX is in the better half of the industry, outperforming 76.47% of the companies in the same industry.
- TRTX has a Return On Equity (4.26%) which is comparable to the rest of the industry.
- TRTX has a better Return On Invested Capital (4.60%) than 97.06% of its industry peers.
- TRTX had an Average Return On Invested Capital over the past 3 years of 5.67%. This is above the industry average of 1.22%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.03% | ||
| ROE | 4.26% | ||
| ROIC | 4.6% |
ROA(3y)-0.16%
ROA(5y)-0.09%
ROE(3y)-0.67%
ROE(5y)-0.55%
ROIC(3y)5.67%
ROIC(5y)4.77%
1.3 Margins
- With a decent Profit Margin value of 13.67%, TRTX is doing good in the industry, outperforming 63.24% of the companies in the same industry.
- TRTX has a better Operating Margin (76.39%) than 98.53% of its industry peers.
- TRTX's Operating Margin has declined in the last couple of years.
- Looking at the Gross Margin, with a value of 91.43%, TRTX belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- TRTX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 76.39% | ||
| PM (TTM) | 13.67% | ||
| GM | 91.43% |
OM growth 3Y-3.64%
OM growth 5Y-2.3%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.11%
GM growth 5Y0.52%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TRTX is destroying value.
- Compared to 1 year ago, TRTX has less shares outstanding
- TRTX has more shares outstanding than it did 5 years ago.
- TRTX has a worse debt/assets ratio than last year.
2.2 Solvency
- TRTX has an Altman-Z score of 0.19. This is a bad value and indicates that TRTX is not financially healthy and even has some risk of bankruptcy.
- TRTX has a better Altman-Z score (0.19) than 83.82% of its industry peers.
- The Debt to FCF ratio of TRTX is 39.05, which is on the high side as it means it would take TRTX, 39.05 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 39.05, TRTX belongs to the best of the industry, outperforming 85.29% of the companies in the same industry.
- A Debt/Equity ratio of 3.08 is on the high side and indicates that TRTX has dependencies on debt financing.
- TRTX's Debt to Equity ratio of 3.08 is fine compared to the rest of the industry. TRTX outperforms 76.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.08 | ||
| Debt/FCF | 39.05 | ||
| Altman-Z | 0.19 |
ROIC/WACC0.77
WACC5.98%
2.3 Liquidity
- A Current Ratio of 2.47 indicates that TRTX has no problem at all paying its short term obligations.
- TRTX has a Current ratio of 2.47. This is amongst the best in the industry. TRTX outperforms 95.59% of its industry peers.
- A Quick Ratio of 2.47 indicates that TRTX has no problem at all paying its short term obligations.
- TRTX has a better Quick ratio (2.47) than 95.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.47 | ||
| Quick Ratio | 2.47 |
3. Growth
3.1 Past
- TRTX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.04%.
- Measured over the past years, TRTX shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.83% on average per year.
- Looking at the last year, TRTX shows a decrease in Revenue. The Revenue has decreased by -5.51% in the last year.
- The Revenue has been growing slightly by 3.19% on average over the past years.
EPS 1Y (TTM)1.04%
EPS 3Y-1.34%
EPS 5Y-8.83%
EPS Q2Q%140%
Revenue 1Y (TTM)-5.51%
Revenue growth 3Y2.85%
Revenue growth 5Y3.19%
Sales Q2Q%3.09%
3.2 Future
- The Earnings Per Share is expected to grow by 9.97% on average over the next years. This is quite good.
- The Revenue is expected to grow by 5.19% on average over the next years.
EPS Next Y17.07%
EPS Next 2Y9.97%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year9.71%
Revenue Next 2Y5.19%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 8.79, which indicates a very decent valuation of TRTX.
- Compared to the rest of the industry, the Price/Earnings ratio of TRTX indicates a somewhat cheap valuation: TRTX is cheaper than 75.00% of the companies listed in the same industry.
- TRTX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.13.
- TRTX is valuated cheaply with a Price/Forward Earnings ratio of 7.51.
- TRTX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TRTX is cheaper than 73.53% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 28.11. TRTX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.79 | ||
| Fwd PE | 7.51 |
4.2 Price Multiples
- 98.53% of the companies in the same industry are more expensive than TRTX, based on the Enterprise Value to EBITDA ratio.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of TRTX indicates a rather cheap valuation: TRTX is cheaper than 86.76% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.93 | ||
| EV/EBITDA | 14.5 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The decent profitability rating of TRTX may justify a higher PE ratio.
PEG (NY)0.52
PEG (5Y)N/A
EPS Next 2Y9.97%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 8.02%, TRTX is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 11.14, TRTX's dividend is way lower than its industry peers. On top of this 91.18% of the companies listed in the same industry pay a better dividend than TRTX!
- Compared to an average S&P500 Dividend Yield of 1.82, TRTX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.02% |
5.2 History
- The dividend of TRTX decreases each year by -4.78%.
- 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)-4.78%
Div Incr Years1
Div Non Decr Years3
5.3 Sustainability
- TRTX pays out 200.29% of its income as dividend. This is not a sustainable payout ratio.
DP200.29%
EPS Next 2Y9.97%
EPS Next 3YN/A
8.53
+0.07 (+0.83%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)02-17 2026-02-17/amc
Earnings (Next)04-27 2026-04-27
Inst Owners77.32%
Inst Owner Change0.71%
Ins Owners3%
Ins Owner Change3.9%
Market Cap667.56M
Revenue(TTM)332.57M
Net Income(TTM)45.48M
Analysts80
Price Target10.2 (19.58%)
Short Float %4.48%
Short Ratio4.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.02% |
Yearly Dividend1.14
Dividend Growth(5Y)-4.78%
DP200.29%
Div Incr Years1
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.23%
Min EPS beat(2)-7.73%
Max EPS beat(2)-2.74%
EPS beat(4)1
Avg EPS beat(4)-3.43%
Min EPS beat(4)-7.73%
Max EPS beat(4)4.11%
EPS beat(8)4
Avg EPS beat(8)-0.59%
EPS beat(12)4
Avg EPS beat(12)-156.4%
EPS beat(16)5
Avg EPS beat(16)-117.8%
Revenue beat(2)1
Avg Revenue beat(2)0.17%
Min Revenue beat(2)-5.51%
Max Revenue beat(2)5.85%
Revenue beat(4)2
Avg Revenue beat(4)1.18%
Min Revenue beat(4)-5.51%
Max Revenue beat(4)6.71%
Revenue beat(8)4
Avg Revenue beat(8)0.26%
Revenue beat(12)4
Avg Revenue beat(12)-7.05%
Revenue beat(16)8
Avg Revenue beat(16)23.22%
PT rev (1m)-2.91%
PT rev (3m)-1.23%
EPS NQ rev (1m)-5.03%
EPS NQ rev (3m)-6.09%
EPS NY rev (1m)-0.74%
EPS NY rev (3m)-0.24%
Revenue NQ rev (1m)18.47%
Revenue NQ rev (3m)20.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.79 | ||
| Fwd PE | 7.51 | ||
| P/S | 2.01 | ||
| P/FCF | 7.93 | ||
| P/OCF | 7.39 | ||
| P/B | 0.63 | ||
| P/tB | 0.63 | ||
| EV/EBITDA | 14.5 |
EPS(TTM)0.97
EY11.37%
EPS(NY)1.14
Fwd EY13.31%
FCF(TTM)1.08
FCFY12.62%
OCF(TTM)1.15
OCFY13.54%
SpS4.25
BVpS13.65
TBVpS13.45
PEG (NY)0.52
PEG (5Y)N/A
Graham Number17.26
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.03% | ||
| ROE | 4.26% | ||
| ROCE | 5.83% | ||
| ROIC | 4.6% | ||
| ROICexc | 4.7% | ||
| ROICexgc | 4.73% | ||
| OM | 76.39% | ||
| PM (TTM) | 13.67% | ||
| GM | 91.43% | ||
| FCFM | 25.32% |
ROA(3y)-0.16%
ROA(5y)-0.09%
ROE(3y)-0.67%
ROE(5y)-0.55%
ROIC(3y)5.67%
ROIC(5y)4.77%
ROICexc(3y)5.92%
ROICexc(5y)4.99%
ROICexgc(3y)6%
ROICexgc(5y)5.05%
ROCE(3y)7.18%
ROCE(5y)6.04%
ROICexgc growth 3Y6.25%
ROICexgc growth 5Y1.72%
ROICexc growth 3Y6.02%
ROICexc growth 5Y2.04%
OM growth 3Y-3.64%
OM growth 5Y-2.3%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.11%
GM growth 5Y0.52%
F-Score4
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.08 | ||
| Debt/FCF | 39.05 | ||
| Debt/EBITDA | 12.33 | ||
| Cap/Depr | 48.27% | ||
| Cap/Sales | 1.85% | ||
| Interest Coverage | 1.41 | ||
| Cash Conversion | 33.87% | ||
| Profit Quality | 185.18% | ||
| Current Ratio | 2.47 | ||
| Quick Ratio | 2.47 | ||
| Altman-Z | 0.19 |
F-Score4
WACC5.98%
ROIC/WACC0.77
Cap/Depr(3y)77.18%
Cap/Depr(5y)N/A
Cap/Sales(3y)1.58%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.04%
EPS 3Y-1.34%
EPS 5Y-8.83%
EPS Q2Q%140%
EPS Next Y17.07%
EPS Next 2Y9.97%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-5.51%
Revenue growth 3Y2.85%
Revenue growth 5Y3.19%
Sales Q2Q%3.09%
Revenue Next Year9.71%
Revenue Next 2Y5.19%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-8.53%
EBIT growth 3Y-0.89%
EBIT growth 5Y0.82%
EBIT Next Year122.68%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-21.15%
FCF growth 3Y-4.07%
FCF growth 5Y-8.61%
OCF growth 1Y-19.41%
OCF growth 3Y-3.48%
OCF growth 5Y-7.31%
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 8 / 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 200.29%.