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

TPG RE Finance Trust's (TRTX) quarterly Enterprise Value came in at -$92.0 million in Q1 2026, up 78.71% year-on-year 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's Enterprise Value history runs 11 years deep, the most recent figure standing at -$92.0 million for Q1 2026.

  • On a quarterly basis, Enterprise Value rose 78.71% year-over-year to -$92.0 million in Q1 2026; TTM through Mar 2026 was -$92.0 million, a 78.71% increase from a year earlier, with the FY2025 full-year figure at -$91.6 million, up 51.85% from the prior year.
  • Enterprise Value was little changed at -$92.0 million in Q1 2026 per TRTX's latest filing, from -$91.6 million in the prior quarter.
  • Across five years, Enterprise Value topped out at -$91.6 million in Q4 2025 and bottomed at -$551.2 million in Q4 2022.
  • The 5-year median for Enterprise Value is -$351.6 million (2022), against an average of -$340.4 million.
  • Across the five-year window, Enterprise Value slumped 111.35% in 2022 and jumped 78.71% in 2026, its largest moves.
  • Year by year, Enterprise Value stood at -$551.2 million in 2022, then advanced by 17.71% to -$453.6 million in 2023, then surged by 58.07% to -$190.2 million in 2024, then surged by 51.85% to -$91.6 million in 2025, then declined by 0.45% to -$92.0 million in 2026.
  • Per Business Quant, the three latest TRTX Enterprise Value figures stand at -$92.0 million (Q1 2026), -$91.6 million (Q4 2025), and -$137.8 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - -1.86 Bn
2 AGNC Investment 11.85 Bn 11.36 Bn - -493.00 Mn
3 Starwood Property Trust 5.99 Bn 5.94 Bn - -50.01 Mn
4 Rithm Capital 5.01 Bn 5.01 Bn - -
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - -546.06 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - -125.37 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - -516.50 Mn
8 Armour Residential REIT 1.42 Bn 1.34 Bn - -83.68 Mn
9 Two Harbors Investment 1.27 Bn 987.19 Mn - -283.84 Mn
10 TPG RE Finance Trust 664.36 Mn 572.36 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 -190.20 Mn
Sep 30, 2024 -226.32 Mn
Jun 30, 2024 -259.24 Mn
Mar 31, 2024 -254.08 Mn
Dec 31, 2023 -453.61 Mn
Sep 30, 2023 -539.78 Mn
Jun 30, 2023 -501.46 Mn
Mar 31, 2023 -529.22 Mn
Dec 31, 2022 -551.22 Mn
Sep 30, 2022 -522.51 Mn
Jun 30, 2022 -486.90 Mn
Mar 31, 2022 -351.63 Mn
Dec 31, 2021 -260.80 Mn
Sep 30, 2021 -269.93 Mn
Jun 30, 2021 -240.57 Mn