TPG RE Finance Trust (TRTX) Debt Ratio (2016 - 2026)
TPG RE Finance Trust (TRTX) posted quarterly Debt Ratio of 0.41 for Q2 2026, up 231.2% year-over-year from 0.13 in Q2 2025, and up 151.04% quarter-over-quarter from 0.17 in Q1 2026.
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 0.41 for Q2 2026.
- In Q2 2026, Debt Ratio rose 231.2% year-over-year to 0.41; the TTM figure through Jun 2026 stood at 0.41 (up 231.2% YoY), while the FY2025 annual figure was 0.59, up 225.74% from the prior year.
- Debt Ratio for Q2 2026 stood at 0.41, up from 0.17 in the prior quarter.
- The five-year high for Debt Ratio was 0.76 in Q3 2022, with the low at 0.06 in Q1 2025.
- The 5-year median for Debt Ratio is 0.2 (2023), against an average of 0.32.
- The sharpest annual moves came in 2024 and 2026: Debt Ratio slumped 78.34% in 2024, then surged 231.2% in 2026.
- TPG RE Finance Trust's Debt Ratio stood at 0.21 in 2022, then dropped by 5.86% to 0.19 in 2023, then slipped by 7.71% to 0.18 in 2024, then jumped by 225.74% to 0.59 in 2025, then fell by 29.19% to 0.41 in 2026.
- Business Quant data shows TRTX's Debt Ratio at 0.41 in Q2 2026, 0.17 in Q1 2026, and 0.59 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 0.24 |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 0.74 |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 0.31 |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | - |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 0.86 |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 0.06 |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 0.85 |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 0.03 |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 0.85 |
| 10 | TPG RE Finance Trust | 607.49 Mn | 536.68 Mn | - | 0.41 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.41 |
| Mar 31, 2026 | 0.17 |
| Dec 31, 2025 | 0.59 |
| 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 | 0.53 |