TPG RE Finance Trust, Inc. (TRTX)
Real Estate · NYQ
Fundamentals
Valuation and ratings
TPG RE Finance Trust, Inc. trades at USD8.72, which is 121% below the USD19.25 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 59 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 13.7 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
TRTX dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.480 | 2 |
| 2025 | USD0.960 | 4 |
| 2024 | USD0.960 | 4 |
| 2023 | USD0.960 | 4 |
| 2022 | USD0.960 | 4 |
| 2021 | USD0.950 | 4 |
| 2020 | USD1.64 | 5 |
| 2019 | USD1.72 | 4 |
| 2018 | USD1.71 | 4 |
| 2017 | USD0.710 | 2 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
TRTX earnings and analyst estimates
Recommendation mix, 6 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About TPG RE Finance Trust, Inc.
TPG RE Finance Trust, Inc., a commercial real estate finance company, originates and acquires a portfolio of commercial real estate-related assets in the United States. It engages in directly originating and selectively acquiring first mortgage loans secured by commercial real estate properties; and invests in other commercial real estate-related debt instruments, including subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. TPG RE Finance Trust, Inc. was incorporated in 2014 and is based in New York, New York.
TRTX passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is TPG RE Finance Trust, Inc. (TRTX) undervalued?
Against our discounted cash flow estimate of USD19.25, TRTX at USD8.72 is 121% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is TRTX's P/E ratio?
TRTX trades at 13.7 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does TPG RE Finance Trust, Inc. (TRTX) pay a dividend?
Yes. TPG RE Finance Trust, Inc. yields 10.97% at the current share price. It has paid USD0.960 per share over the trailing twelve months. It has paid a dividend in each of the last 9 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does TRTX report earnings next?
TPG RE Finance Trust, Inc. is scheduled to report on 28 Jul 2026. Companies move earnings dates, so read it as scheduled rather than certain.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.