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
DateValue
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