TPG RE Finance Trust (TRTX) Interest Coverage Ratio (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Interest Coverage Ratio came in at 1.13 in Q2 2026, down 8.12% on a YoY basis from 1.23 in Q2 2025, and down 18.61% quarter-over-quarter from 1.39 in Q1 2026.
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Analysis
TPG RE Finance Trust (TRTX) Interest Coverage Ratio (2016 - 2026) Analysis & Trends
TPG RE Finance Trust (TRTX) has reported Interest Coverage Ratio for 11 consecutive years, with 1.13 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Interest Coverage Ratio fell 8.12% year-over-year to 1.13; the trailing twelve-month figure through Jun 2026 stood at 3.97 (down 11.6% YoY), and the FY2025 full-year result was 1.33, down 3.66% from the prior year.
- Interest Coverage Ratio eased to 1.13 in Q2 2026 per TRTX's latest filing, from 1.39 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.
- Historically, Interest Coverage Ratio has averaged 1.06 across 5 years, with a median of 1.15 in 2024.
- The sharpest annual moves came in 2022 and 2023: Interest Coverage Ratio plunged 163.92% in 2022, then soared 146.1% in 2023.
- Over 5 years, Interest Coverage Ratio stood at 2.05 in 2022, then tumbled by 46.18% to 1.1 in 2023, then advanced by 12.23% to 1.24 in 2024, then fell by 12.49% to 1.08 in 2025, then climbed by 4.7% to 1.13 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 1.13, 1.39, and 1.08 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 1.63 |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 1.06 |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 6.61 |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 1.76 |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 0.65 |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 1.48 |
| 10 | TPG RE Finance Trust | 597.86 Mn | 527.05 Mn | - | 1.13 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.13 |
| Mar 31, 2026 | 1.39 |
| Dec 31, 2025 | 1.08 |
| Sep 30, 2025 | 1.16 |
| Jun 30, 2025 | 1.23 |
| Mar 31, 2025 | 1.32 |
| Dec 31, 2024 | 1.24 |
| Sep 30, 2024 | 1.14 |
| Jun 30, 2024 | 1.23 |
| Mar 31, 2024 | 1.31 |
| Dec 31, 2023 | 1.10 |
| 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 | 0.81 |
| Mar 31, 2022 | 2.06 |
| Dec 31, 2021 | 4.23 |
| Sep 30, 2021 | 2.41 |