TPG RE FINANCE TRUST INC (TRTX) Stock Fundamental Analysis

NYSE:TRTX • US87266M1071

8.46 USD
-0.11 (-1.28%)
At close: Feb 27, 2026
8.46 USD
0 (0%)
After Hours: 2/27/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

TRTX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 68 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 is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings could make TRTX a good candidate 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.
  • In the past 5 years TRTX always reported a positive cash flow from operatings.
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 2025 0 100M -100M 200M 300M

1.2 Ratios

  • The Return On Assets of TRTX (1.03%) is better than 76.47% of its industry peers.
  • Looking at the Return On Equity, with a value of 4.26%, TRTX is in line with its industry, outperforming 48.53% of the companies in the same industry.
  • The Return On Invested Capital of TRTX (4.60%) is better than 97.06% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for TRTX is above the industry average of 1.22%.
Industry RankSector 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%
TRTX Yearly ROA, ROE, ROICTRTX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 -10

1.3 Margins

  • TRTX has a Profit Margin of 13.67%. This is in the better half of the industry: TRTX outperforms 63.24% of its industry peers.
  • The Operating Margin of TRTX (76.39%) is better 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 RankSector 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%
TRTX Yearly Profit, Operating, Gross MarginsTRTX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TRTX is destroying value.
  • The number of shares outstanding for TRTX has been reduced compared to 1 year ago.
  • TRTX has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for TRTX is higher compared to a year ago.
TRTX Yearly Shares OutstandingTRTX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • Based on the Altman-Z score of 0.19, we must say that TRTX is in the distress zone and has some risk of bankruptcy.
  • With an excellent Altman-Z score value of 0.19, TRTX belongs to the best of the industry, outperforming 83.82% of the companies in the same industry.
  • 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 RankSector Rank
Debt/Equity 3.08
Debt/FCF 39.05
Altman-Z 0.19
ROIC/WACC0.75
WACC6.1%
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 2025 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 2.47 indicates that TRTX has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.47, TRTX belongs to the top of the industry, outperforming 95.59% of the companies in the same industry.
  • A Quick Ratio of 2.47 indicates that TRTX has no problem at all paying its short term obligations.
  • TRTX's Quick ratio of 2.47 is amongst the best of the industry. TRTX outperforms 95.59% of its industry peers.
Industry RankSector Rank
Current Ratio 2.47
Quick Ratio 2.47
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 2025 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

  • 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.
  • TRTX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.19% yearly.
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.
  • Based on estimates for the next years, TRTX will show a small growth in Revenue. The Revenue will grow by 5.19% on average per year.
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.
  • 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.
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

8

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 8.72 indicates a reasonable valuation of TRTX.
  • Based on the Price/Earnings ratio, TRTX is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
  • TRTX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.07.
  • TRTX is valuated cheaply with a Price/Forward Earnings ratio of 7.45.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TRTX indicates a somewhat cheap valuation: TRTX is cheaper than 73.53% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.05. TRTX is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.72
Fwd PE 7.45
TRTX Price Earnings VS Forward Price EarningsTRTX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TRTX indicates a rather cheap valuation: TRTX is cheaper than 98.53% of the companies listed in the same industry.
  • 86.76% of the companies in the same industry are more expensive than TRTX, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.86
EV/EBITDA 14.48
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • TRTX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.51
PEG (5Y)N/A
EPS Next 2Y9.97%
EPS Next 3YN/A

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

4

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 11.00, 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 RankSector 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
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

  • 200.29% of the earnings are spent on dividend by TRTX. This is not a sustainable payout ratio.
DP200.29%
EPS Next 2Y9.97%
EPS Next 3YN/A
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 2025 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 (2/27/2026, 8:04:00 PM)

After market: 8.46 0 (0%)

8.46

-0.11 (-1.28%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)02-17
Earnings (Next)04-27
Inst Owners77.32%
Inst Owner Change0.71%
Ins Owners3%
Ins Owner Change3.9%
Market Cap662.08M
Revenue(TTM)332.57M
Net Income(TTM)45.48M
Analysts80
Price Target10.2 (20.57%)
Short Float %4.48%
Short Ratio4.1
Dividend
Industry RankSector 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 RankSector Rank
PE 8.72
Fwd PE 7.45
P/S 1.99
P/FCF 7.86
P/OCF 7.33
P/B 0.62
P/tB 0.63
EV/EBITDA 14.48
EPS(TTM)0.97
EY11.47%
EPS(NY)1.14
Fwd EY13.42%
FCF(TTM)1.08
FCFY12.72%
OCF(TTM)1.15
OCFY13.65%
SpS4.25
BVpS13.65
TBVpS13.45
PEG (NY)0.51
PEG (5Y)N/A
Graham Number17.26
Profitability
Industry RankSector 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 RankSector 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
WACC6.1%
ROIC/WACC0.75
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%.