TPG RE Finance Trust (TRTX) FCF Payout Ratio (2016 - 2026)
TPG RE Finance Trust (TRTX) reported FCF Payout Ratio of 0.86 for Q1 2026, down 18.59% on a YoY basis from 1.06 in Q1 2025, and down 67.26% quarter-over-quarter from 2.63 in Q4 2025.
TPG RE Finance Trust (TRTX) FCF Payout Ratio (2016 - 2026) Analysis & Trends
TPG RE Finance Trust has reported FCF Payout Ratio for 11 years, with the latest figure at 0.86 in Q1 2026.
- For the quarter ending Q1 2026, FCF Payout Ratio fell 18.59% year-over-year to 0.86; the trailing twelve-month figure through Mar 2026 stood at 0.84 (down 16.92% YoY), and the FY2025 full-year result was 0.88, up 26.17% from the prior year.
- FCF Payout Ratio for Q1 2026 stood at 0.86, down from 2.63 in the prior quarter.
- The five-year high for FCF Payout Ratio was 3.16 in Q3 2022, with the low at 3.8 in Q4 2022.
- Historically, FCF Payout Ratio has averaged 0.52 across 5 years, with a median of 0.81 in 2023.
- Annual changes were most pronounced in 2022 — FCF Payout Ratio tumbled 974.13% — and 2024, when it soared 1993.96%.
- TPG RE Finance Trust's FCF Payout Ratio stood at 3.8 in 2022, then soared by 103.28% to 0.12 in 2023, then soared by 1993.96% to 2.61 in 2024, then rose by 0.72% to 2.63 in 2025, then plunged by 67.26% to 0.86 in 2026.
- The last three FCF Payout Ratio figures came in at 0.86 (Q1 2026), 2.63 (Q4 2025), and 1.48 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | -0.01 |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | 1.17 |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 1.91 |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | 2.83 |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 0.47 |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | 1.47 |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | 0.80 |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 0.00 |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | -0.07 |
| 10 | TPG RE Finance Trust | 665.15 Mn | 573.15 Mn | - | 0.86 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.86 |
| Dec 31, 2025 | 2.63 |
| Sep 30, 2025 | -1.48 |
| Jun 30, 2025 | 0.84 |
| Mar 31, 2025 | 1.06 |
| Dec 31, 2024 | 2.61 |
| Sep 30, 2024 | -1.13 |
| Jun 30, 2024 | 1.52 |
| Mar 31, 2024 | 0.09 |
| Dec 31, 2023 | 0.12 |
| Sep 30, 2023 | -1.20 |
| Jun 30, 2023 | 2.59 |
| Mar 31, 2023 | 0.81 |
| Dec 31, 2022 | -3.80 |
| Sep 30, 2022 | 3.16 |
| Jun 30, 2022 | -0.38 |
| Mar 31, 2022 | 0.57 |
| Dec 31, 2021 | -0.87 |
| Sep 30, 2021 | 0.52 |
| Jun 30, 2021 | 0.04 |