TPG RE Finance Trust (TRTX) Interest Coverage Ratio (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Interest Coverage Ratio came in at 1.39 in Q1 2026, up 5.6% year-on-year from 1.32 in Q1 2025, and up 28.06% quarter-over-quarter from 1.09 in Q4 2025.
TPG RE Finance Trust (TRTX) Interest Coverage Ratio (2016 - 2026) Analysis & Trends
TPG RE Finance Trust's Interest Coverage Ratio history runs 11 years deep, the most recent figure standing at 1.39 for Q1 2026.
- On a quarterly basis, Interest Coverage Ratio rose 5.6% year-over-year to 1.39 in Q1 2026; TTM through Mar 2026 was 5.26, a 279.73% increase from a year earlier, with the FY2025 full-year figure at 1.33, down 3.66% from the prior year.
- Interest Coverage Ratio improved to 1.39 in Q1 2026 per TRTX's latest filing, from 1.09 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 2.06 in Q1 2022 and bottomed at 1.54 in Q3 2022.
- The 5-year median for Interest Coverage Ratio is 1.31 (2024), against an average of 1.13.
- Across the five-year window, Interest Coverage Ratio tumbled 163.92% in 2022 and jumped 193.46% in 2024, its largest moves.
- Year by year, Interest Coverage Ratio stood at 2.05 in 2022, then plunged by 42.96% to 1.17 in 2023, then rose by 6.62% to 1.25 in 2024, then retreated by 12.7% to 1.09 in 2025, then increased by 28.06% to 1.39 in 2026.
- Per Business Quant, the three latest TRTX Interest Coverage Ratio figures stand at 1.39 (Q1 2026), 1.09 (Q4 2025), and 1.45 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | 1.23 |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | - |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 1.16 |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | 1.35 |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 0.98 |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 1.93 |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | - |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | - |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | 1.28 |
| 10 | TPG RE Finance Trust | 664.36 Mn | 572.36 Mn | - | 1.39 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.39 |
| Dec 31, 2025 | 1.09 |
| Sep 30, 2025 | 1.45 |
| Jun 30, 2025 | 1.46 |
| Mar 31, 2025 | 1.32 |
| Dec 31, 2024 | 1.25 |
| Sep 30, 2024 | 1.46 |
| Jun 30, 2024 | 1.49 |
| Mar 31, 2024 | 1.31 |
| Dec 31, 2023 | 1.17 |
| Sep 30, 2023 | 0.71 |
| Jun 30, 2023 | 0.51 |
| Mar 31, 2023 | 1.11 |
| Dec 31, 2022 | 2.05 |
| Sep 30, 2022 | -1.54 |
| Jun 30, 2022 | 0.89 |
| Mar 31, 2022 | 2.06 |
| Dec 31, 2021 | 4.23 |
| Sep 30, 2021 | 2.41 |
| Jun 30, 2021 | 2.48 |