TPG RE Finance Trust (TRTX) Interest Expenses (2016 - 2026)
TPG RE Finance Trust (TRTX) reported Interest Expenses of $48.5 million for Q1 2026, up 12.33% on a YoY basis from $43.1 million in Q1 2025, and down 1.05% quarter-over-quarter from $49.0 million in Q4 2025.
TPG RE Finance Trust (TRTX) Interest Expenses (2016 - 2026) Analysis & Trends
TPG RE Finance Trust has reported Interest Expenses for 11 years, with the latest figure at $48.5 million in Q1 2026.
- For the quarter ending Q1 2026, Interest Expenses rose 12.33% year-over-year to $48.5 million; the trailing twelve-month figure through Mar 2026 stood at $191.8 million (up 2.77% YoY), and the FY2025 full-year result was $186.5 million, down 6.23% from the prior year.
- Interest Expenses for Q1 2026 stood at $48.5 million, down from $49.0 million in the prior quarter.
- The five-year high for Interest Expenses was $70.6 million in Q2 2023, with the low at $600000.0 in Q4 2023.
- Historically, Interest Expenses has averaged $45.6 million across 5 years, with a median of $48.5 million in 2026.
- Annual changes were most pronounced in 2023 — Interest Expenses plunged 98.27% — and 2024, when it jumped 7285.33%.
- TPG RE Finance Trust's Interest Expenses stood at $34.7 million in 2022, then sank by 98.27% to $600000.0 in 2023, then jumped by 7285.33% to $44.3 million in 2024, then advanced by 10.52% to $49.0 million in 2025, then dropped by 1.05% to $48.5 million in 2026.
- The last three Interest Expenses figures came in at $48.5 million (Q1 2026), $49.0 million (Q4 2025), and $48.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | 1.27 Bn |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | 731.00 Mn |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 328.91 Mn |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | - |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 220.74 Mn |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | 178.14 Mn |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | - |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 88.25 Mn |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | 95.16 Mn |
| 10 | TPG RE Finance Trust | 665.15 Mn | 573.15 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 | 48.98 Mn |
| Dec 31, 2025 | 48.98 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 | 44.31 Mn |
| Dec 31, 2024 | 44.31 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 | 600,000.00 |
| Dec 31, 2023 | 600,000.00 |