TPG RE Finance Trust, Inc. (TRTX-PC) Non-Current Debt (2016 - 2026)
TPG RE Finance Trust's (TRTX-PC) quarterly Non-Current Debt came in at $1.9 billion in Q2 2026, up 265.8% on a YoY basis from $521.0 million in Q2 2025, and up 158.04% quarter-over-quarter from $738.6 million in Q1 2026.
Powered by 
Analysis
TPG RE Finance Trust, Inc. (TRTX-PC) Non-Current Debt (2016 - 2026) Analysis & Trends
TPG RE Finance Trust (TRTX-PC) has reported Non-Current Debt for 11 consecutive years, with $1.9 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Non-Current Debt rose 265.8% year-over-year to $1.9 billion; the trailing twelve-month figure through Jun 2026 stood at $1.9 billion (up 265.8% YoY), and the FY2025 full-year result was $618.5 million, down 7.79% from the prior year.
- Non-Current Debt grew to $1.9 billion in Q2 2026 per TRTX-PC's latest filing, from $738.6 million in the prior quarter.
- Across five years, Non-Current Debt topped out at $4.3 billion in Q3 2022 and bottomed at $248.8 million in Q1 2025.
- Historically, Non-Current Debt has averaged $1.4 billion across 5 years, with a median of $779.7 million in 2023.
- The sharpest annual moves came in 2024 and 2026: Non-Current Debt slumped 84.6% in 2024, then jumped 265.8% in 2026.
- Over 5 years, Non-Current Debt stood at $1.1 billion in 2022, then decreased by 28.46% to $820.8 million in 2023, then slipped by 18.29% to $670.7 million in 2024, then slipped by 7.79% to $618.5 million in 2025, then surged by 208.15% to $1.9 billion in 2026.
- According to Business Quant data, Non-Current Debt over the past three periods registered $1.9 billion, $738.6 million, and $618.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.91 Bn |
| Mar 31, 2026 | 738.58 Mn |
| Dec 31, 2025 | 618.47 Mn |
| Sep 30, 2025 | 577.23 Mn |
| Jun 30, 2025 | 520.99 Mn |
| Mar 31, 2025 | 248.76 Mn |
| Dec 31, 2024 | 670.73 Mn |
| Sep 30, 2024 | 528.09 Mn |
| Jun 30, 2024 | 529.70 Mn |
| Mar 31, 2024 | 619.83 Mn |
| Dec 31, 2023 | 820.82 Mn |
| Sep 30, 2023 | 1.03 Bn |
| Jun 30, 2023 | 1.04 Bn |
| Mar 31, 2023 | 4.02 Bn |
| Dec 31, 2022 | 1.15 Bn |
| Sep 30, 2022 | 4.32 Bn |
| Jun 30, 2022 | 3.92 Bn |
| Mar 31, 2022 | 2.81 Bn |
| Dec 31, 2021 | 2.55 Bn |
| Sep 30, 2021 | 2.75 Bn |
API Access
TPG RE Finance Trust, Inc. Non-Current Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-debt&ticker=TRTX-PC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "ticker": "TRTX-PC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-debt&ticker=TRTX-PC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();