TPG RE Finance Trust (TRTX) Change in Net Loans (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Change in Net Loans came in at $449.3 million in Q2 2026, up 650.13% on a YoY basis from $59.9 million in Q2 2025, and up 235.16% quarter-over-quarter from $134.1 million in Q1 2026.
Analysis
TPG RE Finance Trust (TRTX) Change in Net Loans (2016 - 2026) Analysis & Trends
TPG RE Finance Trust (TRTX) has reported Change in Net Loans for 11 consecutive years, with $449.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Change in Net Loans rose 650.13% year-over-year to $449.3 million; the trailing twelve-month figure through Jun 2026 stood at $1.7 billion (up 249.55% YoY), and the FY2025 full-year result was $1.8 billion, up 256.56% from the prior year.
- Change in Net Loans rose to $449.3 million in Q2 2026 per TRTX's latest filing, from $134.1 million in the prior quarter.
- Across five years, Change in Net Loans topped out at $926.9 million in Q3 2022 and bottomed at $36.8 million in Q3 2023.
- Historically, Change in Net Loans has averaged $263.4 million across 5 years, with a median of $198.4 million in 2024.
- The sharpest annual moves came in 2023 and 2026: Change in Net Loans tumbled 96.03% in 2023, then soared 650.13% in 2026.
- Over 5 years, Change in Net Loans stood at $57.5 million in 2022, then decreased by 16.5% to $48.0 million in 2023, then surged by 364.93% to $223.1 million in 2024, then surged by 275.02% to $836.7 million in 2025, then slumped by 46.3% to $449.3 million in 2026.
- According to Business Quant data, Change in Net Loans over the past three periods registered $449.3 million, $134.1 million, and $836.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Net Loans (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | - |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | - |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | - |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | - |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | - |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 514.89 Mn |
| 10 | TPG RE Finance Trust | 597.86 Mn | 527.05 Mn | - | 449.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 449.33 Mn |
| Mar 31, 2026 | 134.06 Mn |
| Dec 31, 2025 | 836.75 Mn |
| Sep 30, 2025 | 262.48 Mn |
| Jun 30, 2025 | 59.90 Mn |
| Dec 31, 2024 | 223.12 Mn |
| Sep 30, 2024 | 198.35 Mn |
| Mar 31, 2024 | 73.52 Mn |
| Dec 31, 2023 | 47.99 Mn |
| Sep 30, 2023 | 36.79 Mn |
| Mar 31, 2023 | 109.92 Mn |
| Dec 31, 2022 | 57.48 Mn |
| Sep 30, 2022 | 926.88 Mn |
| Jun 30, 2022 | 311.18 Mn |
| Mar 31, 2022 | 223.87 Mn |
| Dec 31, 2021 | 560.71 Mn |
| Sep 30, 2021 | 431.46 Mn |
| Jun 30, 2021 | 594.32 Mn |
| Mar 31, 2021 | 37.09 Mn |
| Mar 31, 2020 | 351.65 Mn |