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