TPG RE Finance Trust (TRTX) EBITDA (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly EBITDA came in at $67.5 million in Q1 2026, up 18.61% year-on-year from $56.9 million in Q1 2025, and up 34.26% quarter-over-quarter from $50.3 million in Q4 2025.
TPG RE Finance Trust (TRTX) EBITDA (2016 - 2026) Analysis & Trends
TPG RE Finance Trust's EBITDA history runs 11 years deep, the most recent figure standing at $67.5 million for Q1 2026.
- On a quarterly basis, EBITDA rose 18.61% year-over-year to $67.5 million in Q1 2026; TTM through Mar 2026 was $255.0 million, a 0.56% decrease from a year earlier, with the FY2025 full-year figure at $247.2 million, down 9.66% from the prior year.
- EBITDA advanced to $67.5 million in Q1 2026 per TRTX's latest filing, from $50.3 million in the prior quarter.
- Across five years, EBITDA topped out at $149.8 million in Q3 2023 and bottomed at -$69.4 million in Q3 2022.
- The 5-year median for EBITDA is $67.5 million (2026), against an average of $60.0 million.
- Across the five-year window, EBITDA plunged 237.34% in 2022 and soared 315.89% in 2023, its largest moves.
- Year by year, EBITDA stood at $71.1 million in 2022, then tumbled by 37.2% to $44.6 million in 2023, then climbed by 19.34% to $53.3 million in 2024, then fell by 5.62% to $50.3 million in 2025, then surged by 34.26% to $67.5 million in 2026.
- Per Business Quant, the three latest TRTX EBITDA figures stand at $67.5 million (Q1 2026), $50.3 million (Q4 2025), and $70.9 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | 1.56 Bn |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | - |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 382.38 Mn |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | 598.90 Mn |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 215.55 Mn |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 188.28 Mn |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | - |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | - |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | 167.51 Mn |
| 10 | TPG RE Finance Trust | 664.36 Mn | 572.36 Mn | - | 67.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 67.51 Mn |
| Dec 31, 2025 | 50.28 Mn |
| Sep 30, 2025 | 70.92 Mn |
| Jun 30, 2025 | 66.28 Mn |
| Mar 31, 2025 | 56.92 Mn |
| Dec 31, 2024 | 53.28 Mn |
| Sep 30, 2024 | 70.83 Mn |
| Jun 30, 2024 | 75.40 Mn |
| Mar 31, 2024 | 72.52 Mn |
| Dec 31, 2023 | 44.65 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 | 45.19 Mn |
| Mar 31, 2022 | 46.37 Mn |
| Dec 31, 2021 | 58.34 Mn |
| Sep 30, 2021 | 50.54 Mn |
| Jun 30, 2021 | 54.64 Mn |