TPG RE Finance Trust (TRTX) FCF Payout Ratio (2016 - 2026)

TPG RE Finance Trust's (TRTX) quarterly FCF Payout Ratio came in at 0.14 in Q1 2026, down 17.15% year-on-year from 0.17 in Q1 2025, and down 80.79% quarter-over-quarter from 0.73 in Q4 2025.

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

TPG RE Finance Trust's FCF Payout Ratio history runs 11 years deep, the most recent figure standing at 0.14 for Q1 2026.

  • On a quarterly basis, FCF Payout Ratio fell 17.15% year-over-year to 0.14 in Q1 2026; TTM through Mar 2026 was 0.84, a 2.19% increase from a year earlier, with the FY2025 full-year figure at 0.88, up 26.17% from the prior year.
  • FCF Payout Ratio eased to 0.14 in Q1 2026 per TRTX's latest filing, from 0.73 in the prior quarter.
  • Across five years, FCF Payout Ratio topped out at 2.57 in Q3 2025 and bottomed at 2.42 in Q4 2022.
  • The 5-year median for FCF Payout Ratio is 0.69 (2024), against an average of 0.58.
  • Biggest YoY gain for FCF Payout Ratio was 583.16% in 2022; the steepest drop was 558.07% in 2022.
  • Year by year, FCF Payout Ratio stood at 2.42 in 2022, then soared by 130.93% to 0.75 in 2023, then slipped by 7.98% to 0.69 in 2024, then increased by 5.59% to 0.73 in 2025, then tumbled by 80.79% to 0.14 in 2026.
  • Per Business Quant, the three latest TRTX FCF Payout Ratio figures stand at 0.14 (Q1 2026), 0.73 (Q4 2025), and 2.57 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - -0.06
2 AGNC Investment 11.85 Bn 11.36 Bn - 1.17
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 0.17
4 Rithm Capital 5.01 Bn 5.01 Bn - -0.28
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 0.01
6 Ellington Financial 1.63 Bn 1.51 Bn - -1.83
7 Dynex Capital 1.56 Bn 1.05 Bn - 1.47
8 Armour Residential REIT 1.42 Bn 1.34 Bn - 0.46
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 0.63
10 TPG RE Finance Trust 664.36 Mn 572.36 Mn - 0.14

Historic Data

Download Data
DateValue
Mar 31, 2026 0.14
Dec 31, 2025 0.73
Sep 30, 2025 2.57
Jun 30, 2025 0.13
Mar 31, 2025 0.17
Dec 31, 2024 0.69
Sep 30, 2024 0.96
Jun 30, 2024 1.32
Mar 31, 2024 0.09
Dec 31, 2023 0.75
Sep 30, 2023 2.13
Jun 30, 2023 0.43
Mar 31, 2023 0.13
Dec 31, 2022 -2.42
Sep 30, 2022 0.76
Jun 30, 2022 1.22
Mar 31, 2022 0.10
Dec 31, 2021 0.53
Sep 30, 2021 1.34
Jun 30, 2021 0.18