TPG RE Finance Trust (TRTX) Accumulated Expenses (2016 - 2026)

TPG RE Finance Trust's (TRTX) quarterly Accumulated Expenses came in at $13.9 million in Q1 2026, down 4.6% year-on-year from $14.5 million in Q1 2025, and down 12.74% quarter-over-quarter from $15.9 million in Q4 2025.

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

TPG RE Finance Trust's Accumulated Expenses history runs 11 years deep, the most recent figure standing at $13.9 million for Q1 2026.

  • On a quarterly basis, Accumulated Expenses fell 4.6% year-over-year to $13.9 million in Q1 2026; TTM through Mar 2026 was $13.9 million, a 4.6% decrease from a year earlier, with the FY2025 full-year figure at $15.9 million, up 5.35% from the prior year.
  • Accumulated Expenses eased to $13.9 million in Q1 2026 per TRTX's latest filing, from $15.9 million in the prior quarter.
  • Across five years, Accumulated Expenses topped out at $38.9 million in Q3 2023 and bottomed at $3.3 million in Q1 2022.
  • The 5-year median for Accumulated Expenses is $14.5 million (2025), against an average of $16.0 million.
  • Across the five-year window, Accumulated Expenses soared 724.35% in 2023 and slumped 82.91% in 2024, its largest moves.
  • Year by year, Accumulated Expenses stood at $11.1 million in 2022, then retreated by 7.72% to $10.2 million in 2023, then surged by 47.45% to $15.1 million in 2024, then climbed by 5.35% to $15.9 million in 2025, then fell by 12.74% to $13.9 million in 2026.
  • Per Business Quant, the three latest TRTX Accumulated Expenses figures stand at $13.9 million (Q1 2026), $15.9 million (Q4 2025), and $6.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn -
2 AGNC Investment 11.85 Bn 11.36 Bn -
3 Starwood Property Trust 5.99 Bn 5.94 Bn -
4 Rithm Capital 5.01 Bn 5.01 Bn -
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn -
6 Ellington Financial 1.63 Bn 1.51 Bn -
7 Dynex Capital 1.56 Bn 1.05 Bn -
8 Armour Residential REIT 1.42 Bn 1.34 Bn -
9 Two Harbors Investment 1.27 Bn 987.19 Mn -
10 TPG RE Finance Trust 664.36 Mn 572.36 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 13.86 Mn
Dec 31, 2025 15.88 Mn
Sep 30, 2025 6.04 Mn
Jun 30, 2025 13.80 Mn
Mar 31, 2025 14.53 Mn
Dec 31, 2024 15.08 Mn
Sep 30, 2024 6.64 Mn
Jun 30, 2024 15.39 Mn
Mar 31, 2024 17.12 Mn
Dec 31, 2023 10.23 Mn
Sep 30, 2023 38.85 Mn
Jun 30, 2023 34.14 Mn
Mar 31, 2023 26.95 Mn
Dec 31, 2022 11.08 Mn
Sep 30, 2022 24.28 Mn
Jun 30, 2022 4.30 Mn
Mar 31, 2022 3.27 Mn
Dec 31, 2021 11.56 Mn
Sep 30, 2021 13.02 Mn
Jun 30, 2021 2.77 Mn