TPG RE Finance Trust (TRTX) Interest Expenses (2016 - 2026)
TPG RE Finance Trust (TRTX) recorded Interest Expenses of $98.85 million in Q2 2026, up 11.5% from $88.67 million a year earlier and up 104.0% from the prior quarter.
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Analysis
TPG RE Finance Trust (TRTX) Interest Expenses (2016 - 2026) Analysis & Trends
For FY2025, TPG RE Finance Trust reported Interest Expenses of $186.46 million, down 6.2% from FY2024.
- Annual Interest Expenses has a five-year compound annual growth rate of 11.7% (FY2020 to FY2025).
- Across earlier years, Interest Expenses came in at $198.85 million in FY2024 (-27.4%), $273.86 million in FY2023 (+70.4%), $160.76 million in FY2022 (+88.9%) and $85.09 million in FY2021 (-20.7%).
- Quarterly Interest Expenses has ranged from $20.98 million in Q3 2021 to $211.06 million in Q3 2023 over the past five years.
- On a year-over-year basis, Interest Expenses has increased for three consecutive quarters, with an average decline of 8.9% over the last eight quarters.
- Peak year-over-year performance for Interest Expenses in the last five years was growth of 401.9% in Q2 2023, against a decline of 29.4% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $48.46 million (Q1 2026), $48.98 million (Q4 2025) and $137.49 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 374.00 Mn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 281.69 Mn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 93.62 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 33.32 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 118.51 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 975.00 Mn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 10.01 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 1.32 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 214.00 Mn |
| 10 | TPG RE Finance Trust | 481.93 Mn | 89.70 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 | 65.17 Mn |
| Sep 30, 2022 | 45.07 Mn |
| Jun 30, 2022 | 28.01 Mn |
| Mar 31, 2022 | 22.50 Mn |
| Dec 31, 2021 | 21.80 Mn |
| Sep 30, 2021 | 20.98 Mn |
API Access
TPG RE Finance Trust Interest Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expenses&ticker=TRTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "ticker": "TRTX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expenses&ticker=TRTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();