TPG RE Finance Trust, Inc.
TRTXReal EstateNASDAQREIT - Mortgage · Last scanned Jul 15, 2026
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Daily timeframeTPG 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. Valued at $658.7M, TRTX is a small-cap name in its sector. 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.
Market Cap
$658.7M
Beta
1.46
P/E (TTM)
13.11
P/E (Fwd)
7.50
EPS (TTM)
$0.65
EPS (Fwd)
$1.14
ROE
6.0%
ROA
1.6%
Cash
$92.0M
Total Debt
$3.36B
Free CF
—
52W Change
4.3%
Annual Financials
Cash vs Debt
On the balance sheet, TRTX has $92.0M in cash with $3.36B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Return on equity stands at 6.0%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 1.6% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $156.3M (2022) to $151.3M (2025).
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for TPG RE Finance Trust, Inc. and its sector.