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

TPG RE Finance Trust (TRTX) reported Accumulated Expenses of $7.1 million for Q1 2026, down 51.12% on a YoY basis from $14.5 million in Q1 2025, and down 55.29% 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 has reported Accumulated Expenses for 11 years, with the latest figure at $7.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Accumulated Expenses fell 51.12% year-over-year to $7.1 million; the trailing twelve-month figure through Mar 2026 stood at $7.1 million (down 51.12% YoY), and the FY2025 full-year result was $15.9 million, up 5.35% from the prior year.
  • Accumulated Expenses for Q1 2026 stood at $7.1 million, down from $15.9 million in the prior quarter.
  • The five-year high for Accumulated Expenses was $25.1 million in Q4 2022, with the low at $4.3 million in Q2 2022.
  • Historically, Accumulated Expenses has averaged $11.6 million across 5 years, with a median of $10.5 million in 2023.
  • Annual changes were most pronounced in 2022 — Accumulated Expenses jumped 474.15% — and 2025, when it sank 62.12%.
  • TPG RE Finance Trust's Accumulated Expenses stood at $25.1 million in 2022, then sank by 59.31% to $10.2 million in 2023, then jumped by 47.45% to $15.1 million in 2024, then advanced by 5.35% to $15.9 million in 2025, then slumped by 55.29% to $7.1 million in 2026.
  • The last three Accumulated Expenses figures came in at $7.1 million (Q1 2026), $15.9 million (Q4 2025), and $6.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn -
2 AGNC Investment 11.42 Bn 10.75 Bn -
3 Starwood Property Trust 6.25 Bn 6.25 Bn -
4 Rithm Capital 5.08 Bn 4.78 Bn -
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn -
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 -
9 Two Harbors Investment 1.29 Bn 746.67 Mn -
10 TPG RE Finance Trust 665.15 Mn 573.15 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 7.10 Mn
Dec 31, 2025 15.88 Mn
Sep 30, 2025 6.04 Mn
Jun 30, 2025 6.42 Mn
Mar 31, 2025 14.53 Mn
Dec 31, 2024 15.08 Mn
Sep 30, 2024 15.94 Mn
Jun 30, 2024 15.39 Mn
Mar 31, 2024 8.87 Mn
Dec 31, 2023 10.23 Mn
Sep 30, 2023 10.11 Mn
Jun 30, 2023 10.47 Mn
Mar 31, 2023 10.56 Mn
Dec 31, 2022 25.13 Mn
Sep 30, 2022 7.69 Mn
Jun 30, 2022 4.30 Mn
Mar 31, 2022 13.66 Mn
Dec 31, 2021 11.56 Mn
Sep 30, 2021 2.66 Mn
Jun 30, 2021 2.77 Mn