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
DateValue
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