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
9.03 USD
0 (0%)
After Hours: 1/30/2026, 8:21:56 PM
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 With these ratings, TRTX could be worth investigating further 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.
- In the past 5 years TRTX always reported a positive cash flow from operatings.
1.2 Ratios
- TRTX's Return On Assets of 1.28% is amongst the best of the industry. TRTX outperforms 88.57% of its industry peers.
- With a Return On Equity value of 4.82%, TRTX perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
- 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
- TRTX has a Profit Margin of 15.93%. This is in the better half of the industry: TRTX outperforms 71.43% of its industry peers.
- In the last couple of years the Profit Margin of TRTX has declined.
- With an excellent Operating Margin value of 76.07%, TRTX belongs to the best 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.
- Looking at the Gross Margin, with a value of 91.36%, 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 | 76.07% | ||
| 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
- 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.
- TRTX has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, TRTX has an improved debt to assets ratio.
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.
- The Altman-Z score of TRTX (0.24) is better than 81.43% of its industry peers.
- TRTX has a debt to FCF ratio of 33.83. This is a negative value and a sign of low solvency as TRTX would need 33.83 years to pay back of 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.
- TRTX has a Debt/Equity ratio of 2.71. This is a high value indicating a heavy dependency on external 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
WACC6.7%
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.
- The Quick ratio of TRTX (4.20) is better than 92.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.2 | ||
| Quick Ratio | 4.2 |
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
- The Revenue for TRTX has decreased by -10.78% in the past year. This is quite bad
- 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.
- 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.
- 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
- The Price/Earnings ratio is 10.88, which indicates a very decent valuation of TRTX.
- Based on the Price/Earnings ratio, TRTX is valued a bit cheaper than 67.14% of the companies in the same industry.
- TRTX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.32.
- A Price/Forward Earnings ratio of 7.89 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.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, TRTX is valued rather cheaply.
| 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 cheaper than 98.57% of the companies in the same industry.
- TRTX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. TRTX is 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 an expensive valuation of the company.
- 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
- TRTX has a Yearly Dividend Yield of 10.31%, which is a nice return.
- TRTX's Dividend Yield is comparable with the industry average which is at 11.00.
- TRTX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| 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
- 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%
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 5 / 10 to TRTX.
What is the valuation status for TRTX stock?
ChartMill assigns a valuation rating of 6 / 10 to TPG RE FINANCE TRUST INC (TRTX). This can be considered as Fairly Valued.
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%.