TPG RE Finance Trust TRTX
NYSE TRTX
$7.72 -0.16 (-2.09%)
As of: Sep 8, 2026 · 3:59 PM EDT

TPG RE Finance Trust (TRTX) Invested Capital (2016 - 2026)

TPG RE Finance Trust's (TRTX) quarterly Invested Capital came in at $3.0 billion in Q2 2026, up 83.04% on a YoY basis from $1.6 billion in Q2 2025, and up 63.84% quarter-over-quarter from $1.8 billion in Q1 2026.

Analysis

TPG RE Finance Trust (TRTX) Invested Capital (2016 - 2026) Analysis & Trends

TPG RE Finance Trust (TRTX) has reported Invested Capital for 11 consecutive years, with $3.0 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Invested Capital rose 83.04% year-over-year to $3.0 billion; the trailing twelve-month figure through Jun 2026 stood at $3.0 billion (up 83.04% YoY), and the FY2025 full-year result was $1.7 billion, down 5.51% from the prior year.
  • Invested Capital improved to $3.0 billion in Q2 2026 per TRTX's latest filing, from $1.8 billion in the prior quarter.
  • Across five years, Invested Capital topped out at $5.6 billion in Q3 2022 and bottomed at $1.4 billion in Q1 2025.
  • Historically, Invested Capital has averaged $2.6 billion across 5 years, with a median of $1.9 billion in 2023.
  • The sharpest annual moves came in 2024 and 2026: Invested Capital sank 67.36% in 2024, then surged 83.04% in 2026.
  • Over 5 years, Invested Capital stood at $2.5 billion in 2022, then decreased by 21.21% to $1.9 billion in 2023, then slipped by 8.27% to $1.8 billion in 2024, then dropped by 5.51% to $1.7 billion in 2025, then soared by 74.94% to $3.0 billion in 2026.
  • According to Business Quant data, Invested Capital over the past three periods registered $3.0 billion, $1.8 billion, and $1.7 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Annaly Capital Management 16.87 Bn 13.96 Bn - 51.34 Bn
2 AGNC Investment 12.43 Bn 11.10 Bn - 102.35 Bn
3 Starwood Property Trust 5.84 Bn 3.67 Bn - 25.64 Bn
4 Rithm Capital 5.57 Bn 5.57 Bn - -
5 Dynex Capital 2.88 Bn 2.27 Bn - 25.82 Bn
6 Two Harbors Investment 2.65 Bn 2.01 Bn - 1.86 Bn
7 Blackstone Mortgage Trust 2.35 Bn 1.91 Bn - 4.48 Bn
8 Armour Residential REIT 2.11 Bn 2.02 Bn - 22.02 Bn
9 Ellington Financial 1.71 Bn 1.46 Bn - 2.65 Bn
10 TPG RE Finance Trust 597.86 Mn 527.05 Mn - 2.95 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 2.95 Bn
Mar 31, 2026 1.80 Bn
Dec 31, 2025 1.69 Bn
Sep 30, 2025 1.66 Bn
Jun 30, 2025 1.61 Bn
Mar 31, 2025 1.35 Bn
Dec 31, 2024 1.78 Bn
Sep 30, 2024 1.65 Bn
Jun 30, 2024 1.65 Bn
Mar 31, 2024 1.74 Bn
Dec 31, 2023 1.95 Bn
Sep 30, 2023 2.17 Bn
Jun 30, 2023 2.26 Bn
Mar 31, 2023 5.33 Bn
Dec 31, 2022 2.47 Bn
Sep 30, 2022 5.63 Bn
Jun 30, 2022 5.36 Bn
Mar 31, 2022 4.28 Bn
Dec 31, 2021 4.01 Bn
Sep 30, 2021 4.24 Bn