TPG RE Finance Trust (TRTX) EBITDA (2016 - 2026)
TPG RE Finance Trust (TRTX) reported EBITDA of $18.9 million for Q1 2026, up 38.05% on a YoY basis from $13.7 million in Q1 2025, and up 376.33% quarter-over-quarter from $4.0 million in Q4 2025.
TPG RE Finance Trust (TRTX) EBITDA (2016 - 2026) Analysis & Trends
TPG RE Finance Trust has reported EBITDA for 11 years, with the latest figure at $18.9 million in Q1 2026.
- For the quarter ending Q1 2026, EBITDA rose 38.05% year-over-year to $18.9 million; the trailing twelve-month figure through Mar 2026 stood at $65.5 million (down 8.09% YoY), and the FY2025 full-year result was $60.3 million, down 18.86% from the prior year.
- EBITDA for Q1 2026 stood at $18.9 million, up from $4.0 million in the prior quarter.
- The five-year high for EBITDA was $36.2 million in Q4 2022, with the low at -$114.6 million in Q3 2022.
- Historically, EBITDA has averaged -$1.4 million across 5 years, with a median of $13.7 million in 2025.
- Annual changes were most pronounced in 2023 — EBITDA plunged 1172.97% — and 2024, when it soared 136.26%.
- TPG RE Finance Trust's EBITDA stood at $36.2 million in 2022, then sank by 82.37% to $6.4 million in 2023, then soared by 67.4% to $10.7 million in 2024, then tumbled by 62.78% to $4.0 million in 2025, then surged by 376.33% to $18.9 million in 2026.
- The last three EBITDA figures came in at $18.9 million (Q1 2026), $4.0 million (Q4 2025), and $22.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | 245.47 Mn |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | -156.00 Mn |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 382.38 Mn |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | 154.24 Mn |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 215.55 Mn |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | -83.17 Mn |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | - |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 179.14 Mn |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | -11.91 Mn |
| 10 | TPG RE Finance Trust | 665.15 Mn | 573.15 Mn | - | 18.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.94 Mn |
| Dec 31, 2025 | 3.98 Mn |
| Sep 30, 2025 | 21.99 Mn |
| Jun 30, 2025 | 20.63 Mn |
| Mar 31, 2025 | 13.72 Mn |
| Dec 31, 2024 | 10.68 Mn |
| Sep 30, 2024 | 22.19 Mn |
| Jun 30, 2024 | 24.72 Mn |
| Mar 31, 2024 | 16.74 Mn |
| Dec 31, 2023 | 6.38 Mn |
| Sep 30, 2023 | -61.21 Mn |
| Jun 30, 2023 | -69.17 Mn |
| Mar 31, 2023 | 7.38 Mn |
| Dec 31, 2022 | 36.19 Mn |
| Sep 30, 2022 | -114.61 Mn |
| Jun 30, 2022 | -5.43 Mn |
| Mar 31, 2022 | 23.78 Mn |
| Dec 31, 2021 | 44.88 Mn |
| Sep 30, 2021 | 29.33 Mn |
| Jun 30, 2021 | 32.39 Mn |