TPG RE Finance Trust (TRTX) Enterprise Value (2016 - 2026)

TPG RE Finance Trust (TRTX) reported Enterprise Value of -$92.0 million for Q1 2026, up 78.71% on a YoY basis from -$51.5 million in Q1 2025, and little changed quarter-over-quarter from -$91.6 million in Q4 2025.

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

TPG RE Finance Trust has reported Enterprise Value for 11 years, with the latest figure at -$92.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Enterprise Value rose 78.71% year-over-year to -$92.0 million; the trailing twelve-month figure through Mar 2026 stood at -$92.0 million (up 78.71% YoY), and the FY2025 full-year result was -$91.6 million, up 51.84% from the prior year.
  • Enterprise Value for Q1 2026 stood at -$92.0 million, roughly flat from -$91.6 million in the prior quarter.
  • The five-year high for Enterprise Value was -$91.6 million in Q4 2025, with the low at -$551.3 million in Q4 2022.
  • Historically, Enterprise Value has averaged -$340.5 million across 5 years, with a median of -$351.8 million in 2022.
  • Annual changes were most pronounced in 2022 — Enterprise Value tumbled 111.37% — and 2026, when it surged 78.71%.
  • TPG RE Finance Trust's Enterprise Value stood at -$551.3 million in 2022, then advanced by 17.72% to -$453.6 million in 2023, then jumped by 58.08% to -$190.2 million in 2024, then soared by 51.84% to -$91.6 million in 2025, then dropped by 0.45% to -$92.0 million in 2026.
  • The last three Enterprise Value figures came in at -$92.0 million (Q1 2026), -$91.6 million (Q4 2025), and -$137.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - -2.26 Bn
2 AGNC Investment 11.42 Bn 10.75 Bn - -671.00 Mn
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 3.24 Mn
4 Rithm Capital 5.08 Bn 4.78 Bn - -142.40 Mn
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - -546.06 Mn
6 Dynex Capital 2.58 Bn 1.80 Bn - -773.83 Mn
7 Armour Residential REIT 2.05 Bn 1.32 Bn - -727.49 Mn
8 Ellington Financial 1.67 Bn 1.39 Bn - -278.21 Mn
9 Two Harbors Investment 1.29 Bn 746.67 Mn - -547.51 Mn
10 TPG RE Finance Trust 665.15 Mn 573.15 Mn - -92.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -92.00 Mn
Dec 31, 2025 -91.59 Mn
Sep 30, 2025 -137.83 Mn
Jun 30, 2025 -167.68 Mn
Mar 31, 2025 -432.17 Mn
Dec 31, 2024 -190.16 Mn
Sep 30, 2024 -226.30 Mn
Jun 30, 2024 -259.24 Mn
Mar 31, 2024 -254.10 Mn
Dec 31, 2023 -453.61 Mn
Sep 30, 2023 -539.82 Mn
Jun 30, 2023 -501.50 Mn
Mar 31, 2023 -529.22 Mn
Dec 31, 2022 -551.27 Mn
Sep 30, 2022 -522.72 Mn
Jun 30, 2022 -486.90 Mn
Mar 31, 2022 -351.83 Mn
Dec 31, 2021 -260.80 Mn
Sep 30, 2021 -276.80 Mn
Jun 30, 2021 -294.40 Mn