TPG RE Finance Trust (TRTX-PC) Interest Expenses (2016 - 2026)

TPG RE Finance Trust (TRTX-PC) reported Interest Expenses of $48.5 million for Q1 2026, up 12.33% on a YoY basis from $43.1 million in Q1 2025, and down 1.05% quarter-over-quarter from $49.0 million in Q4 2025.

TPG RE Finance Trust (TRTX-PC) Interest Expenses (2016 - 2026) Analysis & Trends

TPG RE Finance Trust has reported Interest Expenses for 11 years, with the latest figure at $48.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Interest Expenses rose 12.33% year-over-year to $48.5 million; the trailing twelve-month figure through Mar 2026 stood at $191.8 million (up 2.77% YoY), and the FY2025 full-year result was $186.5 million, down 6.23% from the prior year.
  • Interest Expenses for Q1 2026 stood at $48.5 million, down from $49.0 million in the prior quarter.
  • The five-year high for Interest Expenses was $70.6 million in Q2 2023, with the low at $600000.0 in Q4 2023.
  • Historically, Interest Expenses has averaged $45.6 million across 5 years, with a median of $48.5 million in 2026.
  • Annual changes were most pronounced in 2023 — Interest Expenses plunged 98.27% — and 2024, when it jumped 7285.33%.
  • TPG RE Finance Trust's Interest Expenses stood at $34.7 million in 2022, then sank by 98.27% to $600000.0 in 2023, then jumped by 7285.33% to $44.3 million in 2024, then advanced by 10.52% to $49.0 million in 2025, then dropped by 1.05% to $48.5 million in 2026.
  • The last three Interest Expenses figures came in at $48.5 million (Q1 2026), $49.0 million (Q4 2025), and $48.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 1.27 Bn
2 AGNC Investment 11.42 Bn 10.75 Bn - 731.00 Mn
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 328.91 Mn
4 Rithm Capital 5.08 Bn 4.78 Bn - -
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 220.74 Mn
6 Dynex Capital 2.58 Bn 1.80 Bn - 178.14 Mn
7 Armour Residential REIT 2.05 Bn 1.32 Bn - -
8 Ellington Financial 1.67 Bn 1.39 Bn - 88.25 Mn
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 95.16 Mn
10 TPG RE Finance Trust - - - 48.46 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 48.46 Mn
Mar 31, 2026 48.46 Mn
Dec 31, 2025 48.98 Mn
Dec 31, 2025 48.98 Mn
Sep 30, 2025 48.82 Mn
Sep 30, 2025 48.82 Mn
Jun 30, 2025 45.52 Mn
Jun 30, 2025 45.52 Mn
Mar 31, 2025 43.14 Mn
Mar 31, 2025 43.14 Mn
Dec 31, 2024 44.31 Mn
Dec 31, 2024 44.31 Mn
Sep 30, 2024 48.57 Mn
Sep 30, 2024 48.57 Mn
Jun 30, 2024 50.59 Mn
Jun 30, 2024 50.59 Mn
Mar 31, 2024 55.38 Mn
Mar 31, 2024 55.38 Mn
Dec 31, 2023 600,000.00
Dec 31, 2023 600,000.00