TPG RE FINANCE TRUST INC (TRTX) Stock Fundamental Analysis
NYSE:TRTX • US87266M1071
8.53 USD
+0.07 (+0.83%)
At close: Mar 2, 2026
8.53 USD
0 (0%)
After Hours: 3/2/2026, 4:10:04 PM
We assign a fundamental rating of 6 out of 10 to TRTX. TRTX was compared to 68 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. TRTX has an average financial health and profitability rating. TRTX scores decently on growth, while it is valued quite cheap. This could make an interesting combination. This makes TRTX very considerable for value investing!
1. Profitability
1.1 Basic Checks
- In the past year TRTX was profitable.
- In the past year TRTX had a positive cash flow from operations.
- 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
- TRTX has a Return On Assets of 1.03%. This is in the better half of the industry: TRTX outperforms 76.47% of its industry peers.
- TRTX has a Return On Equity (4.26%) which 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 97.06% 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
- TRTX has a better Profit Margin (13.67%) than 63.24% of its industry peers.
- TRTX has a Operating Margin of 76.39%. This is amongst the best in the industry. TRTX outperforms 98.53% of its industry peers.
- In the last couple of years the Operating Margin of TRTX has declined.
- The Gross Margin of TRTX (91.43%) is better than 100.00% of its industry peers.
- In the last couple of years the Gross Margin of TRTX has remained more or less at the same level.
| 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.
- The number of shares outstanding for TRTX has been increased compared to 5 years ago.
- The debt/assets ratio for TRTX is higher compared to a year ago.
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.
- Looking at the Altman-Z score, with a value of 0.19, TRTX belongs to the top of the industry, outperforming 83.82% of the companies in the same industry.
- TRTX has a debt to FCF ratio of 39.05. This is a negative value and a sign of low solvency as TRTX would need 39.05 years to pay back of all of its debts.
- The Debt to FCF ratio of TRTX (39.05) is better than 85.29% of its industry peers.
- 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.
- TRTX has a Quick Ratio of 2.47. This indicates that TRTX is financially healthy and has no problem in meeting 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 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%.
- The Earnings Per Share has been decreasing by -8.83% on average over the past years.
- 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
- TRTX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.97% yearly.
- 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.
- 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
- A Price/Earnings ratio of 8.79 indicates a reasonable 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.
- When comparing the Price/Earnings ratio of TRTX to the average of the S&P500 Index (27.07), we can say TRTX is valued rather cheaply.
- TRTX is valuated cheaply with a Price/Forward Earnings ratio of 7.51.
- Based on the Price/Forward Earnings ratio, TRTX is valued a bit cheaper than the industry average as 73.53% of the companies are valued more expensively.
- TRTX is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.05, which is the current average of the S&P500 Index.
| 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.
- Based on the Price/Free Cash Flow ratio, TRTX is valued cheaply inside the industry as 86.76% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.93 | ||
| EV/EBITDA | 14.48 |
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
- TRTX has a Yearly Dividend Yield of 8.02%, which is a nice return.
- 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!
- TRTX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| 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
- 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
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 | 14.48 |
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%.