TPG RE Finance Trust (TRTX-PC) Interest Coverage Ratio (2016 - 2026)
TPG RE Finance Trust (TRTX-PC) reported Interest Coverage Ratio of 1.39 for Q1 2026, up 5.6% on a YoY basis from 1.32 in Q1 2025, and up 28.64% quarter-over-quarter from 1.08 in Q4 2025.
TPG RE Finance Trust (TRTX-PC) Interest Coverage Ratio (2016 - 2026) Analysis & Trends
TPG RE Finance Trust has reported Interest Coverage Ratio for 11 years, with the latest figure at 1.39 in Q1 2026.
- For the quarter ending Q1 2026, Interest Coverage Ratio rose 5.6% year-over-year to 1.39; the trailing twelve-month figure through Mar 2026 stood at 1.34 (down 2.78% YoY), and the FY2025 full-year result was 1.33, down 3.66% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 1.39, up from 1.08 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 11.74 in Q4 2023, with the low at 1.54 in Q3 2022.
- Historically, Interest Coverage Ratio has averaged 1.68 across 5 years, with a median of 1.32 in 2025.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio tumbled 163.92% — and 2024, when it jumped 7402.62%.
- TPG RE Finance Trust's Interest Coverage Ratio stood at 2.05 in 2022, then soared by 473.16% to 11.74 in 2023, then sank by 89.46% to 1.24 in 2024, then dropped by 12.49% to 1.08 in 2025, then advanced by 28.64% to 1.39 in 2026.
- The last three Interest Coverage Ratio figures came in at 1.39 (Q1 2026), 1.08 (Q4 2025), and 1.45 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | 1.23 |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | - |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 1.16 |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | - |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 0.98 |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | - |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | - |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 2.03 |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | 1.38 |
| 10 | TPG RE Finance Trust | - | - | - | 1.39 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.39 |
| Dec 31, 2025 | 1.08 |
| Sep 30, 2025 | 1.45 |
| Jun 30, 2025 | 1.46 |
| Mar 31, 2025 | 1.32 |
| Dec 31, 2024 | 1.24 |
| Sep 30, 2024 | 1.46 |
| Jun 30, 2024 | 1.49 |
| Mar 31, 2024 | 1.31 |
| Dec 31, 2023 | 11.74 |
| Sep 30, 2023 | 0.13 |
| Jun 30, 2023 | 0.02 |
| Mar 31, 2023 | 1.11 |
| Dec 31, 2022 | 2.05 |
| Sep 30, 2022 | -1.54 |
| Jun 30, 2022 | 0.81 |
| Mar 31, 2022 | 2.06 |
| Dec 31, 2021 | 4.23 |
| Sep 30, 2021 | 2.41 |
| Jun 30, 2021 | 2.48 |