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| Date | Value |
|---|---|
| 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% |