TPG RE Finance Trust (TRTX-PC) Debt Ratio (2016 - 2026)

TPG RE Finance Trust (TRTX-PC) reported Debt Ratio of 0.17 for Q1 2026, up 163.02% on a YoY basis from 0.06 in Q1 2025, and up 17.66% quarter-over-quarter from 0.14 in Q4 2025.

TPG RE Finance Trust (TRTX-PC) Debt Ratio (2016 - 2026) Analysis & Trends

TPG RE Finance Trust has reported Debt Ratio for 11 years, with the latest figure at 0.17 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio rose 163.02% year-over-year to 0.17; the trailing twelve-month figure through Mar 2026 stood at 0.17 (up 163.02% YoY), and the FY2025 full-year result was 0.14, down 21.91% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.17, up from 0.14 in the prior quarter.
  • The five-year high for Debt Ratio was 0.51 in Q1 2022, with the low at 0.06 in Q1 2025.
  • Historically, Debt Ratio has averaged 0.2 across 5 years, with a median of 0.17 in 2026.
  • Annual changes were most pronounced in 2023 — Debt Ratio plunged 80.29% — and 2026, when it jumped 163.02%.
  • TPG RE Finance Trust's Debt Ratio stood at 0.21 in 2022, then dropped by 5.86% to 0.19 in 2023, then slipped by 7.71% to 0.18 in 2024, then dropped by 21.91% to 0.14 in 2025, then advanced by 17.66% to 0.17 in 2026.
  • The last three Debt Ratio figures came in at 0.17 (Q1 2026), 0.14 (Q4 2025), and 0.14 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 0.22
2 AGNC Investment 11.42 Bn 10.75 Bn - 0.74
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 0.07
4 Rithm Capital 5.08 Bn 4.78 Bn - -
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 0.04
6 Dynex Capital 2.58 Bn 1.80 Bn - -
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 0.86
8 Ellington Financial 1.67 Bn 1.39 Bn - -
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 0.01
10 TPG RE Finance Trust - - - 0.17

Historic Data

Download Data
DateValue
Mar 31, 2026 0.17
Dec 31, 2025 0.14
Sep 30, 2025 0.14
Jun 30, 2025 0.13
Mar 31, 2025 0.06
Dec 31, 2024 0.18
Sep 30, 2024 0.14
Jun 30, 2024 0.14
Mar 31, 2024 0.16
Dec 31, 2023 0.19
Sep 30, 2023 0.23
Jun 30, 2023 0.21
Mar 31, 2023 0.10
Dec 31, 2022 0.21
Sep 30, 2022 0.23
Jun 30, 2022 0.49
Mar 31, 2022 0.51
Dec 31, 2021 0.22
Sep 30, 2021 0.18
Jun 30, 2021 0.54