TPG RE Finance Trust (TRTX) Loans - Net (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Loans - Net came in at $4.1 billion in Q1 2026, up 26.48% year-on-year from $3.2 billion in Q1 2025, and up 0.68% quarter-over-quarter from $4.0 billion in Q4 2025.
TPG RE Finance Trust (TRTX) Loans - Net (2016 - 2026) Analysis & Trends
TPG RE Finance Trust's Loans - Net history runs 11 years deep, the most recent figure standing at $4.1 billion for Q1 2026.
- On a quarterly basis, Loans - Net rose 26.48% year-over-year to $4.1 billion in Q1 2026; TTM through Mar 2026 was $4.1 billion, a 26.48% increase from a year earlier, with the FY2025 full-year figure at $4.0 billion, up 25.22% from the prior year.
- Loans - Net grew to $4.1 billion in Q1 2026 per TRTX's latest filing, from $4.0 billion in the prior quarter.
- Across five years, Loans - Net topped out at $5.1 billion in Q3 2022 and bottomed at $37.1 million in Q3 2024.
- The 5-year median for Loans - Net is $3.4 billion (2023), against an average of $3.0 billion.
- Across the five-year window, Loans - Net tumbled 99.13% in 2023 and surged 9513.67% in 2025, its largest moves.
- Year by year, Loans - Net stood at $4.8 billion in 2022, then retreated by 28.69% to $3.4 billion in 2023, then declined by 5.65% to $3.2 billion in 2024, then gained by 25.22% to $4.0 billion in 2025, then increased by 0.68% to $4.1 billion in 2026.
- Per Business Quant, the three latest TRTX Loans - Net figures stand at $4.1 billion (Q1 2026), $4.0 billion (Q4 2025), and $3.6 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Loans - Net (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | 7.23 Bn |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | - |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | - |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | - |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | - |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | - |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | - |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | - |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | - |
| 10 | TPG RE Finance Trust | 664.36 Mn | 572.36 Mn | - | 4.06 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.06 Bn |
| Mar 31, 2026 | 4.06 Bn |
| Dec 31, 2025 | 4.03 Bn |
| Dec 31, 2025 | 4.03 Bn |
| Sep 30, 2025 | 3.57 Bn |
| Sep 30, 2025 | 3.57 Bn |
| Jun 30, 2025 | 3.71 Bn |
| Jun 30, 2025 | 3.71 Bn |
| Mar 31, 2025 | 3.21 Bn |
| Mar 31, 2025 | 3.21 Bn |
| Dec 31, 2024 | 3.22 Bn |
| Dec 31, 2024 | 3.22 Bn |
| Sep 30, 2024 | 37.10 Mn |
| Sep 30, 2024 | 37.10 Mn |
| Jun 30, 2024 | 3.13 Bn |
| Jun 30, 2024 | 3.13 Bn |
| Mar 31, 2024 | 3.30 Bn |
| Mar 31, 2024 | 3.30 Bn |
| Dec 31, 2023 | 3.41 Bn |
| Dec 31, 2023 | 3.41 Bn |