# TPG RE Finance Trust, Inc. (TRTX)

- Sector: Real Estate · Industry: Reit Mortgage
- SEC CIK: 0001630472 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001630472))
- Full page: https://inspectstocks.com/stocks/trtx
- Data as of: price 2026-09-25; newest filing used 2026-04-28; latest fiscal period ended 2026-03-31

## Grade

**B** on the balance-sheet rubric used for lenders, 4 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | $65.5M |  |
| Earnings growing overall | passed | $65.5M | -$76.5M |
| Earnings growing recently | passed | $65.5M | $60.3M |
| Earns well on its assets | passed | 1.5% |  |
| Book value per share growing | failed | $13.44 | $17.10 |

Business quality (the + / − mark): 4 of 7 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 44.8% |  |
| Healthy profit margin | passed | 44.8% |  |
| Good return on equity | failed | 6.1% |  |
| Debt under control | failed | 3.10 |  |
| Turns sales into cash | passed | 62.2% |  |
| Earns a wide spread on lending | failed | 2.4% |  |
| Credit losses well covered | passed | 6.9% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $146.4M |
| Net income, trailing twelve months | $65.5M |
| Net margin | 44.8% |
| Return on equity | 6.1% |
| Debt to equity | 3.10 |
| Diluted EPS, trailing twelve months | $0.64 |
| Share price | $6.56 |
| Market value | $507.1M |
| Price / earnings | 10.3x |
| Price / sales | 3.5x |

## More on this company

- [Overview](https://inspectstocks.com/stocks/trtx)
- [Financial statements](https://inspectstocks.com/stocks/trtx/financials)
- [Competitors](https://inspectstocks.com/stocks/trtx/peers)
- [Earnings](https://inspectstocks.com/stocks/trtx/earnings)

---

Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.