TPG RE Finance Trust (TRTX) Equity Ratio (2016 - 2026)

TPG RE Finance Trust (TRTX) reported Equity Ratio of 0.24 for Q1 2026, down 14.73% on a YoY basis from 0.28 in Q1 2025, and down 2.02% quarter-over-quarter from 0.24 in Q4 2025.

TPG RE Finance Trust (TRTX) Equity Ratio (2016 - 2026) Analysis & Trends

TPG RE Finance Trust has reported Equity Ratio for 11 years, with the latest figure at 0.24 in Q1 2026.

  • For the quarter ending Q1 2026, Equity Ratio fell 14.73% year-over-year to 0.24; the trailing twelve-month figure through Mar 2026 stood at 0.24 (down 14.73% YoY), and the FY2025 full-year result was 0.24, down 18.81% from the prior year.
  • Equity Ratio for Q1 2026 stood at 0.24, down from 0.24 in the prior quarter.
  • The five-year high for Equity Ratio was 0.31 in Q3 2024, with the low at 0.23 in Q3 2022.
  • Historically, Equity Ratio has averaged 0.26 across 5 years, with a median of 0.27 in 2022.
  • Annual changes were most pronounced in 2024 — Equity Ratio gained 24.28% — and 2025, when it retreated 18.81%.
  • TPG RE Finance Trust's Equity Ratio stood at 0.24 in 2022, then climbed by 11.95% to 0.27 in 2023, then grew by 11.86% to 0.3 in 2024, then dropped by 18.81% to 0.24 in 2025, then dropped by 2.02% to 0.24 in 2026.
  • The last three Equity Ratio figures came in at 0.24 (Q1 2026), 0.24 (Q4 2025), and 0.27 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 0.12
2 AGNC Investment 11.42 Bn 10.75 Bn - 0.10
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 0.11
4 Rithm Capital 5.08 Bn 4.78 Bn - -
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 0.17
6 Dynex Capital 2.58 Bn 1.80 Bn - 0.11
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 0.11
8 Ellington Financial 1.67 Bn 1.39 Bn - 0.10
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 0.16
10 TPG RE Finance Trust 665.15 Mn 573.15 Mn - 0.24

Historic Data

Download Data
DateValue
Mar 31, 2026 0.24
Dec 31, 2025 0.24
Sep 30, 2025 0.27
Jun 30, 2025 0.26
Mar 31, 2025 0.28
Dec 31, 2024 0.30
Sep 30, 2024 0.31
Jun 30, 2024 0.30
Mar 31, 2024 0.29
Dec 31, 2023 0.27
Sep 30, 2023 0.26
Jun 30, 2023 0.24
Mar 31, 2023 0.24
Dec 31, 2022 0.24
Sep 30, 2022 0.23
Jun 30, 2022 0.27
Mar 31, 2022 0.27
Dec 31, 2021 0.28
Sep 30, 2021 0.28
Jun 30, 2021 0.28