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) EBITDA (2016 - 2026)

TPG RE Finance Trust's (TRTX) quarterly EBITDA came in at $112.1 million in Q2 2026, up 2.43% on a YoY basis from $109.4 million in Q2 2025, and up 66.02% quarter-over-quarter from $67.5 million in Q1 2026.

Analysis

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

TPG RE Finance Trust (TRTX) has reported EBITDA for 11 consecutive years, with $112.1 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, EBITDA rose 2.43% year-over-year to $112.1 million; the trailing twelve-month figure through Jun 2026 stood at $392.2 million (down 1.45% YoY), and the FY2025 full-year result was $247.2 million, down 9.66% from the prior year.
  • EBITDA grew to $112.1 million in Q2 2026 per TRTX's latest filing, from $67.5 million in the prior quarter.
  • Across five years, EBITDA topped out at $176.8 million in Q3 2024 and bottomed at -$69.4 million in Q3 2022.
  • Historically, EBITDA has averaged $79.6 million across 5 years, with a median of $71.2 million in 2022.
  • The sharpest annual moves came in 2022 and 2023: EBITDA sank 237.34% in 2022, then surged 315.89% in 2023.
  • Over 5 years, EBITDA stood at $71.1 million in 2022, then decreased by 2.6% to $69.3 million in 2023, then dropped by 20.81% to $54.8 million in 2024, then decreased by 3.28% to $53.0 million in 2025, then jumped by 111.33% to $112.1 million in 2026.
  • According to Business Quant data, EBITDA over the past three periods registered $112.1 million, $67.5 million, and $53.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Annaly Capital Management 16.87 Bn 13.96 Bn - 2.16 Bn
2 AGNC Investment 12.43 Bn 11.10 Bn - -
3 Starwood Property Trust 5.84 Bn 3.67 Bn - 365.81 Mn
4 Rithm Capital 5.57 Bn 5.57 Bn - 102.39 Mn
5 Dynex Capital 2.88 Bn 2.27 Bn - -
6 Two Harbors Investment 2.65 Bn 2.01 Bn - 157.75 Mn
7 Blackstone Mortgage Trust 2.35 Bn 1.91 Bn - 148.42 Mn
8 Armour Residential REIT 2.11 Bn 2.02 Bn - -
9 Ellington Financial 1.71 Bn 1.46 Bn - 145.66 Mn
10 TPG RE Finance Trust 597.86 Mn 527.05 Mn - 112.08 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 112.08 Mn
Mar 31, 2026 67.51 Mn
Dec 31, 2025 53.04 Mn
Sep 30, 2025 159.59 Mn
Jun 30, 2025 109.43 Mn
Mar 31, 2025 56.92 Mn
Dec 31, 2024 54.84 Mn
Sep 30, 2024 176.80 Mn
Jun 30, 2024 130.78 Mn
Mar 31, 2024 72.52 Mn
Dec 31, 2023 69.25 Mn
Sep 30, 2023 149.85 Mn
Jun 30, 2023 71.39 Mn
Mar 31, 2023 77.55 Mn
Dec 31, 2022 71.10 Mn
Sep 30, 2022 -69.41 Mn
Jun 30, 2022 22.69 Mn
Mar 31, 2022 46.37 Mn
Dec 31, 2021 58.34 Mn
Sep 30, 2021 50.54 Mn