TPG RE Finance Trust (TRTX) Interest Expenses (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Interest Expenses came in at $48.5 million in Q1 2026, up 12.33% year-on-year from $43.1 million in Q1 2025, and up 4.84% quarter-over-quarter from $46.2 million in Q4 2025.
TPG RE Finance Trust (TRTX) Interest Expenses (2016 - 2026) Analysis & Trends
TPG RE Finance Trust's Interest Expenses history runs 11 years deep, the most recent figure standing at $48.5 million for Q1 2026.
- On a quarterly basis, Interest Expenses rose 12.33% year-over-year to $48.5 million in Q1 2026; TTM through Mar 2026 was $48.5 million, a 73.81% decrease from a year earlier, with the FY2025 full-year figure at $186.5 million, down 6.23% from the prior year.
- Interest Expenses grew to $48.5 million in Q1 2026 per TRTX's latest filing, from $46.2 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.
- The 5-year median for Interest Expenses is $48.5 million (2026), against an average of $61.3 million.
- Across the five-year window, Interest Expenses soared 368.27% in 2023 and slumped 76.99% in 2024, its largest moves.
- Year by year, Interest Expenses stood at $34.7 million in 2022, then climbed by 10.09% to $38.2 million in 2023, then advanced by 11.92% to $42.8 million in 2024, then grew by 8.11% to $46.2 million in 2025, then grew by 4.84% to $48.5 million in 2026.
- Per Business Quant, the three latest TRTX Interest Expenses figures stand at $48.5 million (Q1 2026), $46.2 million (Q4 2025), and $48.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | 1.27 Bn |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | 731.00 Mn |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 328.91 Mn |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | 444.66 Mn |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 220.74 Mn |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 97.38 Mn |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | 178.14 Mn |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | 285.73 Mn |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | 131.16 Mn |
| 10 | TPG RE Finance Trust | 664.36 Mn | 572.36 Mn | - | 48.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 48.46 Mn |
| Mar 31, 2026 | 48.46 Mn |
| Dec 31, 2025 | 46.22 Mn |
| Dec 31, 2025 | 46.22 Mn |
| Sep 30, 2025 | 48.82 Mn |
| Sep 30, 2025 | 48.82 Mn |
| Jun 30, 2025 | 45.52 Mn |
| Jun 30, 2025 | 45.52 Mn |
| Mar 31, 2025 | 43.14 Mn |
| Mar 31, 2025 | 43.14 Mn |
| Dec 31, 2024 | 42.76 Mn |
| Dec 31, 2024 | 42.76 Mn |
| Sep 30, 2024 | 48.57 Mn |
| Sep 30, 2024 | 48.57 Mn |
| Jun 30, 2024 | 50.59 Mn |
| Jun 30, 2024 | 50.59 Mn |
| Mar 31, 2024 | 55.38 Mn |
| Mar 31, 2024 | 55.38 Mn |
| Dec 31, 2023 | 38.20 Mn |
| Dec 31, 2023 | 38.20 Mn |