TPG RE Finance Trust (TRTX) Interest Expenses (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Interest Expenses came in at $98.8 million in Q2 2026, up 11.48% on a YoY basis from $88.7 million in Q2 2025, and up 103.97% quarter-over-quarter from $48.5 million in Q1 2026.
Analysis
TPG RE Finance Trust (TRTX) Interest Expenses (2016 - 2026) Analysis & Trends
TPG RE Finance Trust (TRTX) has reported Interest Expenses for 11 consecutive years, with $98.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Interest Expenses rose 11.48% year-over-year to $98.8 million; the trailing twelve-month figure through Jun 2026 stood at $98.8 million (up 11.48% YoY), and the FY2025 full-year result was $186.5 million, down 6.23% from the prior year.
- Interest Expenses advanced to $98.8 million in Q2 2026 per TRTX's latest filing, from $48.5 million in the prior quarter.
- Across five years, Interest Expenses topped out at $211.1 million in Q3 2023 and bottomed at $22.5 million in Q1 2022.
- Historically, Interest Expenses has averaged $80.0 million across 5 years, with a median of $59.1 million in 2023.
- The sharpest annual moves came in 2023 and 2024: Interest Expenses soared 401.86% in 2023, then declined 29.45% in 2024.
- Over 5 years, Interest Expenses stood at $34.7 million in 2022, then soared by 80.99% to $62.8 million in 2023, then dropped by 29.45% to $44.3 million in 2024, then grew by 10.52% to $49.0 million in 2025, then soared by 101.84% to $98.8 million in 2026.
- According to Business Quant data, Interest Expenses over the past three periods registered $98.8 million, $48.5 million, and $49.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 1.32 Bn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | 709.00 Mn |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 344.58 Mn |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 15.50 Mn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | 208.97 Mn |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 89.56 Mn |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 227.18 Mn |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 98.55 Mn |
| 10 | TPG RE Finance Trust | 597.86 Mn | 527.05 Mn | - | 98.85 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 98.85 Mn |
| Mar 31, 2026 | 48.46 Mn |
| Dec 31, 2025 | 48.98 Mn |
| Sep 30, 2025 | 137.49 Mn |
| Jun 30, 2025 | 88.67 Mn |
| Mar 31, 2025 | 43.14 Mn |
| Dec 31, 2024 | 44.31 Mn |
| Sep 30, 2024 | 154.54 Mn |
| Jun 30, 2024 | 105.97 Mn |
| Mar 31, 2024 | 55.38 Mn |
| Dec 31, 2023 | 62.81 Mn |
| Sep 30, 2023 | 211.06 Mn |
| Jun 30, 2023 | 140.56 Mn |
| Mar 31, 2023 | 69.99 Mn |
| Dec 31, 2022 | 34.70 Mn |
| Sep 30, 2022 | 45.07 Mn |
| Jun 30, 2022 | 28.01 Mn |
| Mar 31, 2022 | 22.50 Mn |
| Dec 31, 2021 | 13.80 Mn |
| Sep 30, 2021 | 20.98 Mn |