TPG RE Finance Trust TRTX
NYSE TRTX
$7.72 -0.16 (-2.09%)
As of: Sep 8, 2026 · 3:59 PM EDT

TPG RE Finance Trust (TRTX) Debt Ratio (2016 - 2026)

TPG RE Finance Trust's (TRTX) quarterly Debt Ratio came in at 0.41 in Q2 2026, up 231.2% on a YoY basis from 0.13 in Q2 2025, and up 151.04% quarter-over-quarter from 0.17 in Q1 2026.

Analysis

TPG RE Finance Trust (TRTX) Debt Ratio (2016 - 2026) Analysis & Trends

TPG RE Finance Trust (TRTX) has reported Debt Ratio for 11 consecutive years, with 0.41 the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Debt Ratio rose 231.2% year-over-year to 0.41; the trailing twelve-month figure through Jun 2026 stood at 0.41 (up 231.2% YoY), and the FY2025 full-year result was 0.14, down 21.91% from the prior year.
  • Debt Ratio climbed to 0.41 in Q2 2026 per TRTX's latest filing, from 0.17 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.76 in Q3 2022 and bottomed at 0.06 in Q1 2025.
  • Historically, Debt Ratio has averaged 0.29 across 5 years, with a median of 0.19 in 2023.
  • The sharpest annual moves came in 2024 and 2026: Debt Ratio plunged 78.34% in 2024, then jumped 231.2% in 2026.
  • Over 5 years, Debt Ratio stood at 0.21 in 2022, then fell by 5.86% to 0.19 in 2023, then declined by 7.71% to 0.18 in 2024, then fell by 21.91% to 0.14 in 2025, then soared by 195.36% to 0.41 in 2026.
  • According to Business Quant data, Debt Ratio over the past three periods registered 0.41, 0.17, and 0.14 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Annaly Capital Management 16.87 Bn 13.96 Bn - 0.24
2 AGNC Investment 12.43 Bn 11.10 Bn - 0.74
3 Starwood Property Trust 5.84 Bn 3.67 Bn - 0.31
4 Rithm Capital 5.57 Bn 5.57 Bn - -
5 Dynex Capital 2.88 Bn 2.27 Bn - 0.86
6 Two Harbors Investment 2.65 Bn 2.01 Bn - 0.01
7 Blackstone Mortgage Trust 2.35 Bn 1.91 Bn - 0.06
8 Armour Residential REIT 2.11 Bn 2.02 Bn - 0.85
9 Ellington Financial 1.71 Bn 1.46 Bn - 0.03
10 TPG RE Finance Trust 597.86 Mn 527.05 Mn - 0.41
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 0.41
Mar 31, 2026 0.17
Dec 31, 2025 0.14
Sep 30, 2025 0.14
Jun 30, 2025 0.13
Mar 31, 2025 0.06
Dec 31, 2024 0.18
Sep 30, 2024 0.14
Jun 30, 2024 0.14
Mar 31, 2024 0.16
Dec 31, 2023 0.19
Sep 30, 2023 0.23
Jun 30, 2023 0.21
Mar 31, 2023 0.75
Dec 31, 2022 0.21
Sep 30, 2022 0.76
Jun 30, 2022 0.73
Mar 31, 2022 0.51
Dec 31, 2021 0.49
Sep 30, 2021 0.54