TPG RE Finance Trust (TRTX) Loans - Net (2016 - 2026)
TPG RE Finance Trust's Loans - Net came in at $4.24 billion for Q2 2026, up 14.5% from $3.71 billion a year earlier and up 4.6% from the prior quarter.
Powered by 
Analysis
TPG RE Finance Trust (TRTX) Loans - Net (2016 - 2026) Analysis & Trends
At the end of FY2025, TPG RE Finance Trust's Loans - Net was $4.03 billion, up 25.2% from FY2024.
- Loans - Net carries a five-year compound annual growth rate of -2.0% (FY2020 to FY2025).
- Going back by year, Loans - Net was $3.22 billion in FY2024 (-5.7%), $3.41 billion in FY2023 (-28.7%), $4.78 billion in FY2022 (-1.8%) and $4.87 billion in FY2021 (+9.2%).
- The Q2 2026 figure represents the highest quarterly Loans - Net since Q2 2023.
- Year-over-year, Loans - Net has increased for five consecutive quarters, with growth averaging 9.1% over the last eight quarters.
- The fastest year-over-year change in Loans - Net over five years came in Q1 2026 (growth of 26.5%), and the weakest in Q1 2024 (a decline of 30.1%).
- Business Quant data shows TRTX's Loans - Net at $4.06 billion (Q1 2026), $4.03 billion (Q4 2025) and $3.57 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Loans - Net (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 4,119.01 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 9.00 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 91.90 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | - |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 7.28 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | TPG RE Finance Trust | 481.93 Mn | 89.70 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 |
API Access
TPG RE Finance Trust Loans - Net 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=loans-net&ticker=TRTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "loans-net", "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=loans-net&ticker=TRTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();