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
DateValue
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