TPG RE FINANCE TRUST INC (TRTX) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:TRTX • US87266M1071
9.03 USD
-0.28 (-3.01%)
At close: Jan 30, 2026
8.85 USD
-0.18 (-1.99%)
Pre-Market: 2/2/2026, 8:00:02 AM
Taking everything into account, TRTX scores 6 out of 10 in our fundamental rating. TRTX was compared to 70 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. TRTX has only an average score on both its financial health and profitability. TRTX may be a bit undervalued, certainly considering the very reasonable score on growth These ratings could make TRTX a good candidate for value investing.
1. Profitability
1.1 Basic Checks
- TRTX had positive earnings in the past year.
- In the past year TRTX had a positive cash flow from operations.
- The reported net income has been mixed in the past 5 years: TRTX reported negative net income in multiple years.
- Each year in the past 5 years TRTX had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of TRTX (1.28%) is better than 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.
- The Return On Invested Capital of TRTX (4.90%) is better 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 Rank | Sector 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%
1.3 Margins
- With a decent Profit Margin value of 15.93%, TRTX is doing good in the industry, outperforming 71.43% of the companies in the same industry.
- TRTX's Profit Margin has declined in the last couple of years.
- 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.
- With an excellent Gross Margin value of 91.36%, TRTX belongs to the best 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 | 76.07% | ||
| 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%
2. Health
2.1 Basic Checks
- TRTX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, TRTX has more shares outstanding
- Compared to 5 years ago, TRTX has more shares outstanding
- The debt/assets ratio for TRTX has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.24, we must say that TRTX is in the distress zone and has some risk of bankruptcy.
- TRTX has a Altman-Z score of 0.24. This is amongst the best in the industry. TRTX outperforms 81.43% of its industry peers.
- 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.
- Looking at the Debt to FCF ratio, with a value of 33.83, TRTX belongs to the top of the industry, outperforming 82.86% of the companies in the same industry.
- A Debt/Equity ratio of 2.71 is on the high side and indicates that TRTX has dependencies on debt financing.
- The Debt to Equity ratio of TRTX (2.71) is better than 77.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.71 | ||
| Debt/FCF | 33.83 | ||
| Altman-Z | 0.24 |
ROIC/WACC0.73
WACC6.67%
2.3 Liquidity
- TRTX has a Current Ratio of 4.20. This indicates that TRTX is financially healthy and has no problem in meeting its short term obligations.
- Looking at the Current ratio, with a value of 4.20, TRTX belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
- 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.
- With an excellent Quick ratio value of 4.20, TRTX belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.2 | ||
| Quick Ratio | 4.2 |
3. Growth
3.1 Past
- TRTX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 169.75%, which is quite impressive.
- Measured over the past years, TRTX shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -11.01% on average per year.
- Looking at the last year, TRTX shows a very negative growth in Revenue. The Revenue has decreased by -10.78% in the last year.
- Measured over the past years, TRTX shows a small growth in Revenue. The Revenue has been growing by 0.60% on average per year.
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
- TRTX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.91% yearly.
- TRTX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.81% yearly.
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
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- TRTX is valuated reasonably with a Price/Earnings ratio of 10.88.
- Based on the Price/Earnings ratio, TRTX is valued a bit cheaper than the industry average as 67.14% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 28.32. TRTX is valued rather cheaply when compared to this.
- Based on the Price/Forward Earnings ratio of 7.89, the valuation of TRTX can be described as very cheap.
- Based on the Price/Forward Earnings ratio, TRTX is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
- TRTX is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.88 | ||
| Fwd PE | 7.89 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, TRTX is valued cheaply inside the industry as 98.57% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, TRTX is valued cheaper than 84.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.15 | ||
| EV/EBITDA | 13.46 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TRTX does not grow enough to justify the current Price/Earnings ratio.
- TRTX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.43
PEG (5Y)N/A
EPS Next 2Y9.17%
EPS Next 3Y6.91%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 10.31%, TRTX is a good candidate for dividend investing.
- TRTX's Dividend Yield is comparable with the industry average which is at 11.00.
- Compared to an average S&P500 Dividend Yield of 1.83, TRTX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.31% |
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
5.3 Sustainability
- 175.66% of the earnings are spent on dividend by TRTX. This is not a sustainable payout ratio.
DP175.66%
EPS Next 2Y9.17%
EPS Next 3Y6.91%
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%.