TPG RE Finance Trust (TRTX) Loans - Net (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Loans - Net came in at $4.2 billion in Q2 2026, up 14.46% on a YoY basis from $3.7 billion in Q2 2025, and up 4.63% quarter-over-quarter from $4.1 billion in Q1 2026.
Analysis
TPG RE Finance Trust (TRTX) Loans - Net (2016 - 2026) Analysis & Trends
TPG RE Finance Trust (TRTX) has reported Loans - Net for 11 consecutive years, with $4.2 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Loans - Net rose 14.46% year-over-year to $4.2 billion; the trailing twelve-month figure through Jun 2026 stood at $4.2 billion (up 14.46% YoY), and the FY2025 full-year result was $4.0 billion, up 25.22% from the prior year.
- Loans - Net improved to $4.2 billion in Q2 2026 per TRTX's latest filing, from $4.1 billion in the prior quarter.
- Across five years, Loans - Net topped out at $5.1 billion in Q3 2022 and bottomed at $3.1 billion in Q2 2024.
- Historically, Loans - Net has averaged $4.0 billion across 5 years, with a median of $3.9 billion in 2023.
- The sharpest annual moves came in 2024 and 2026: Loans - Net plunged 30.09% in 2024, then climbed 26.48% in 2026.
- Over 5 years, Loans - Net stood at $4.8 billion in 2022, then decreased by 28.69% to $3.4 billion in 2023, then fell by 5.65% to $3.2 billion in 2024, then advanced by 25.22% to $4.0 billion in 2025, then grew by 5.34% to $4.2 billion in 2026.
- According to Business Quant data, Loans - Net over the past three periods registered $4.2 billion, $4.1 billion, and $4.0 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Loans - Net (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 7.28 Bn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | - |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | - |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | - |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | - |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | - |
| 10 | TPG RE Finance Trust | 597.86 Mn | 527.05 Mn | - | 4.24 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.24 Bn |
| Mar 31, 2026 | 4.06 Bn |
| Dec 31, 2025 | 4.03 Bn |
| Sep 30, 2025 | 3.57 Bn |
| Jun 30, 2025 | 3.71 Bn |
| Mar 31, 2025 | 3.21 Bn |
| Dec 31, 2024 | 3.22 Bn |
| Sep 30, 2024 | 3.19 Bn |
| Jun 30, 2024 | 3.13 Bn |
| Mar 31, 2024 | 3.30 Bn |
| Dec 31, 2023 | 3.41 Bn |
| Sep 30, 2023 | 3.74 Bn |
| Jun 30, 2023 | 4.30 Bn |
| Mar 31, 2023 | 4.71 Bn |
| Dec 31, 2022 | 4.78 Bn |
| Sep 30, 2022 | 5.09 Bn |
| Jun 30, 2022 | 4.62 Bn |
| Mar 31, 2022 | 5.07 Bn |
| Dec 31, 2021 | 4.87 Bn |
| Sep 30, 2021 | 4.70 Bn |