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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |