TPG RE Finance Trust (TRTX) Debt Ratio (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Debt Ratio came in at 0.17 in Q1 2026, up 163.02% year-on-year from 0.06 in Q1 2025, and up 17.66% quarter-over-quarter from 0.14 in Q4 2025.
TPG RE Finance Trust (TRTX) Debt Ratio (2016 - 2026) Analysis & Trends
TPG RE Finance Trust's Debt Ratio history runs 11 years deep, the most recent figure standing at 0.17 for Q1 2026.
- On a quarterly basis, Debt Ratio rose 163.02% year-over-year to 0.17 in Q1 2026; TTM through Mar 2026 was 0.17, a 163.02% increase from a year earlier, with the FY2025 full-year figure at 0.14, down 21.91% from the prior year.
- Debt Ratio rose to 0.17 in Q1 2026 per TRTX's latest filing, from 0.14 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.49 in Q2 2022 and bottomed at 0.06 in Q1 2025.
- The 5-year median for Debt Ratio is 0.18 (2024), against an average of 0.2.
- Across the five-year window, Debt Ratio jumped 196.44% in 2022 and tumbled 61.21% in 2025, its largest moves.
- Year by year, Debt Ratio stood at 0.21 in 2022, then declined by 5.86% to 0.19 in 2023, then dropped by 7.71% to 0.18 in 2024, then declined by 21.91% to 0.14 in 2025, then climbed by 17.66% to 0.17 in 2026.
- Per Business Quant, the three latest TRTX Debt Ratio figures stand at 0.17 (Q1 2026), 0.14 (Q4 2025), and 0.14 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | 0.01 |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | 0.74 |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 0.30 |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | - |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 0.04 |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 0.01 |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | - |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | 0.85 |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | 0.01 |
| 10 | TPG RE Finance Trust | 664.36 Mn | 572.36 Mn | - | 0.17 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 0.23 |
| Dec 31, 2022 | 0.21 |
| Sep 30, 2022 | 0.43 |
| Jun 30, 2022 | 0.49 |
| Mar 31, 2022 | 0.22 |
| Sep 30, 2021 | 0.53 |
| Jun 30, 2021 | 0.17 |
| Mar 31, 2021 | 0.16 |