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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |