TPG RE Finance Trust (TRTX-PC) Tax Rate (2016 - 2026)

TPG RE Finance Trust (TRTX-PC) reported Tax Rate of 0.59% for Q1 2026, up 18.0% on a YoY basis from 0.5% in Q1 2025, and down 71.91% quarter-over-quarter from 2.09% in Q4 2025.

TPG RE Finance Trust (TRTX-PC) Tax Rate (2016 - 2026) Analysis & Trends

TPG RE Finance Trust has reported Tax Rate for 11 years, with the latest figure at 0.59% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 18.0% year-over-year to 0.59%; the trailing twelve-month figure through Mar 2026 stood at 0.66% (up 57.0% YoY), and the FY2025 full-year result was 0.62%, up 9.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 0.59%, down from 2.09% in the prior quarter.
  • The five-year high for Tax Rate was 2.43% in Q1 2023, with the low at 2.22% in Q2 2022.
  • Historically, Tax Rate has averaged 0.45% across 5 years, with a median of 0.41% in 2025.
  • Annual changes were most pronounced in 2022 — Tax Rate tumbled 293 bps — and 2025, when it jumped 358 bps.
  • TPG RE Finance Trust's Tax Rate stood at 0.56% in 2022, then soared by 82 bps to 1.01% in 2023, then sank by 248 bps to 1.49% in 2024, then surged by 240 bps to 2.09% in 2025, then tumbled by 72 bps to 0.59% in 2026.
  • The last three Tax Rate figures came in at 0.59% (Q1 2026), 2.09% (Q4 2025), and 0.49% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - -0.53%
2 AGNC Investment 11.42 Bn 10.75 Bn - -
3 Starwood Property Trust 6.25 Bn 6.25 Bn - -7.38%
4 Rithm Capital 5.08 Bn 4.78 Bn - 29.02%
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - -22.35%
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 - 1.06%
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 11.28%
10 TPG RE Finance Trust - - - 0.59%

Historic Data

Download Data
DateValue
Mar 31, 2026 0.59%
Mar 31, 2026 0.59%
Dec 31, 2025 2.09%
Dec 31, 2025 2.09%
Sep 30, 2025 0.49%
Sep 30, 2025 0.49%
Jun 30, 2025 0.62%
Jun 30, 2025 0.62%
Mar 31, 2025 0.41%
Mar 31, 2025 0.41%
Dec 31, 2024 -1.49%
Dec 31, 2024 -1.49%
Sep 30, 2024 0.30%
Sep 30, 2024 0.30%
Jun 30, 2024 0.40%
Jun 30, 2024 0.40%
Mar 31, 2024 2.28%
Mar 31, 2024 2.28%
Dec 31, 2023 1.01%
Dec 31, 2023 1.01%