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

TPG RE Finance Trust (TRTX-PC) reported FCF Payout Ratio of 0.86 for Q1 2026, down 18.59% on a YoY basis from 1.06 in Q1 2025, and down 67.26% quarter-over-quarter from 2.63 in Q4 2025.

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

TPG RE Finance Trust has reported FCF Payout Ratio for 11 years, with the latest figure at 0.86 in Q1 2026.

  • For the quarter ending Q1 2026, FCF Payout Ratio fell 18.59% year-over-year to 0.86; the trailing twelve-month figure through Mar 2026 stood at 0.84 (down 16.92% YoY), and the FY2025 full-year result was 0.88, up 26.17% from the prior year.
  • FCF Payout Ratio for Q1 2026 stood at 0.86, down from 2.63 in the prior quarter.
  • The five-year high for FCF Payout Ratio was 3.16 in Q3 2022, with the low at 3.8 in Q4 2022.
  • Historically, FCF Payout Ratio has averaged 0.52 across 5 years, with a median of 0.81 in 2023.
  • Annual changes were most pronounced in 2022 — FCF Payout Ratio tumbled 974.13% — and 2024, when it soared 1993.96%.
  • TPG RE Finance Trust's FCF Payout Ratio stood at 3.8 in 2022, then soared by 103.28% to 0.12 in 2023, then soared by 1993.96% to 2.61 in 2024, then rose by 0.72% to 2.63 in 2025, then plunged by 67.26% to 0.86 in 2026.
  • The last three FCF Payout Ratio figures came in at 0.86 (Q1 2026), 2.63 (Q4 2025), and 1.48 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - -0.01
2 AGNC Investment 11.42 Bn 10.75 Bn - 1.17
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 1.91
4 Rithm Capital 5.08 Bn 4.78 Bn - 2.83
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 0.47
6 Dynex Capital 2.58 Bn 1.80 Bn - 1.47
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 0.80
8 Ellington Financial 1.67 Bn 1.39 Bn - 0.00
9 Two Harbors Investment 1.29 Bn 746.67 Mn - -0.07
10 TPG RE Finance Trust - - - 0.86

Historic Data

Download Data
DateValue
Mar 31, 2026 0.86
Dec 31, 2025 2.63
Sep 30, 2025 -1.48
Jun 30, 2025 0.84
Mar 31, 2025 1.06
Dec 31, 2024 2.61
Sep 30, 2024 -1.13
Jun 30, 2024 1.52
Mar 31, 2024 0.09
Dec 31, 2023 0.12
Sep 30, 2023 -1.20
Jun 30, 2023 2.59
Mar 31, 2023 0.81
Dec 31, 2022 -3.80
Sep 30, 2022 3.16
Jun 30, 2022 -0.38
Mar 31, 2022 0.57
Dec 31, 2021 -0.87
Sep 30, 2021 0.52
Jun 30, 2021 0.04