TPG RE FINANCE TRUST INC (TRTX) Stock Fundamental Analysis
NYSE:TRTX • US87266M1071
8.465 USD
-0.11 (-1.23%)
Last: Feb 27, 2026, 02:38 PM
We assign a fundamental rating of 6 out of 10 to TRTX. TRTX was compared to 69 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. TRTX has an average financial health and profitability rating. TRTX may be a bit undervalued, certainly considering the very reasonable score on growth This makes TRTX very considerable 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.
- The reported net income has been mixed in the past 5 years: TRTX reported negative net income in multiple years.
- In the past 5 years TRTX always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 1.03%, TRTX belongs to the top of the industry, outperforming 81.16% of the companies in the same industry.
- The Return On Equity of TRTX (4.26%) is comparable to the rest of the industry.
- TRTX's Return On Invested Capital of 4.60% is amongst the best of the industry. TRTX outperforms 97.10% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for TRTX is above the industry average of 1.30%.
| 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
- Looking at the Profit Margin, with a value of 13.67%, TRTX is in the better half of the industry, outperforming 68.12% of the companies in the same industry.
- With an excellent Operating Margin value of 76.39%, TRTX belongs to the best of the industry, outperforming 98.55% of the companies in the same industry.
- TRTX's Operating Margin has declined in the last couple of years.
- TRTX's Gross Margin of 91.43% is amongst the best of the industry. TRTX outperforms 100.00% of its industry peers.
- 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
- TRTX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- TRTX has less shares outstanding than it did 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.
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 Altman-Z score of 0.19. This is amongst the best in the industry. TRTX outperforms 82.61% 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.
- The Debt to FCF ratio of TRTX (39.05) is better than 84.06% of its industry peers.
- TRTX has a Debt/Equity ratio of 3.08. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 3.08, TRTX is in the better half of the industry, outperforming 75.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.08 | ||
| Debt/FCF | 39.05 | ||
| Altman-Z | 0.19 |
ROIC/WACC0.76
WACC6.03%
2.3 Liquidity
- A Current Ratio of 2.47 indicates that TRTX has no problem at all paying its short term obligations.
- With an excellent Current ratio value of 2.47, TRTX belongs to the best of the industry, outperforming 94.20% 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.
- With an excellent Quick ratio value of 2.47, TRTX belongs to the best of the industry, outperforming 94.20% of the companies in the same industry.
| 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.
- TRTX shows a decrease in Revenue. In the last year, the revenue decreased by -5.51%.
- 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.
- 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
- 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
- Based on the Price/Earnings ratio of 8.73, the valuation of TRTX can be described as reasonable.
- Based on the Price/Earnings ratio, TRTX is valued a bit cheaper than 73.91% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.11, TRTX is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 7.45, the valuation of TRTX can be described as very cheap.
- TRTX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TRTX is cheaper than 71.01% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 28.13, TRTX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.73 | ||
| Fwd PE | 7.45 |
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 98.55% of the companies listed in the same industry.
- TRTX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. TRTX is cheaper than 86.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.87 | ||
| EV/EBITDA | 14.51 |
4.3 Compensation for Growth
- TRTX's 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
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 8.33%, TRTX is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 11.54, TRTX's dividend is way lower than its industry peers. On top of this 92.75% of the companies listed in the same industry pay a better dividend than TRTX!
- Compared to an average S&P500 Dividend Yield of 1.80, TRTX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.33% |
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
- 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
NYSE:TRTX (2/27/2026, 2:38:06 PM)
8.465
-0.11 (-1.23%)
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 Cap662.47M
Revenue(TTM)332.57M
Net Income(TTM)45.48M
Analysts80
Price Target10.2 (20.5%)
Short Float %4.48%
Short Ratio4.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.33% |
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)-0.49%
PT rev (3m)2.5%
EPS NQ rev (1m)-0.65%
EPS NQ rev (3m)-4.67%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.73 | ||
| Fwd PE | 7.45 | ||
| P/S | 1.99 | ||
| P/FCF | 7.87 | ||
| P/OCF | 7.33 | ||
| P/B | 0.62 | ||
| P/tB | 0.63 | ||
| EV/EBITDA | 14.51 |
EPS(TTM)0.97
EY11.46%
EPS(NY)1.14
Fwd EY13.42%
FCF(TTM)1.08
FCFY12.71%
OCF(TTM)1.15
OCFY13.64%
SpS4.25
BVpS13.65
TBVpS13.45
PEG (NY)0.51
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
WACC6.03%
ROIC/WACC0.76
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%.