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| Date | Value |
|---|---|
| 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 |