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
DateValue
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