TPG RE Finance Trust (TRTX) Net Income (2016 - 2026)

TPG RE Finance Trust (TRTX) reported Net Income of $18.9 million for Q1 2026, up 38.05% on a YoY basis from $13.7 million in Q1 2025, and up 376.33% quarter-over-quarter from $4.0 million in Q4 2025.

TPG RE Finance Trust (TRTX) Net Income (2016 - 2026) Analysis & Trends

TPG RE Finance Trust has reported Net Income for 11 years, with the latest figure at $18.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Net Income rose 38.05% year-over-year to $18.9 million; the trailing twelve-month figure through Mar 2026 stood at $65.5 million (down 8.09% YoY), and the FY2025 full-year result was $60.3 million, down 18.86% from the prior year.
  • Net Income for Q1 2026 stood at $18.9 million, up from $4.0 million in the prior quarter.
  • The five-year high for Net Income was $36.2 million in Q4 2022, with the low at -$114.6 million in Q3 2022.
  • Historically, Net Income has averaged -$1.4 million across 5 years, with a median of $13.7 million in 2025.
  • Annual changes were most pronounced in 2023 — Net Income plunged 1172.97% — and 2024, when it soared 136.26%.
  • TPG RE Finance Trust's Net Income stood at $36.2 million in 2022, then sank by 82.37% to $6.4 million in 2023, then soared by 67.4% to $10.7 million in 2024, then tumbled by 62.78% to $4.0 million in 2025, then surged by 376.33% to $18.9 million in 2026.
  • The last three Net Income figures came in at $18.9 million (Q1 2026), $4.0 million (Q4 2025), and $22.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 290.52 Mn
2 AGNC Investment 11.42 Bn 10.75 Bn - -
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 57.42 Mn
4 Rithm Capital 5.08 Bn 4.78 Bn - 109.48 Mn
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - -6.34 Mn
6 Dynex Capital 2.58 Bn 1.80 Bn - -
7 Armour Residential REIT 2.05 Bn 1.32 Bn - -
8 Ellington Financial 1.67 Bn 1.39 Bn - 89.93 Mn
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 32.25 Mn
10 TPG RE Finance Trust 665.15 Mn 573.15 Mn - 18.94 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 18.94 Mn
Dec 31, 2025 3.98 Mn
Sep 30, 2025 21.99 Mn
Jun 30, 2025 20.63 Mn
Mar 31, 2025 13.72 Mn
Dec 31, 2024 10.68 Mn
Sep 30, 2024 22.19 Mn
Jun 30, 2024 24.72 Mn
Mar 31, 2024 16.74 Mn
Dec 31, 2023 6.38 Mn
Sep 30, 2023 -61.21 Mn
Jun 30, 2023 -69.17 Mn
Mar 31, 2023 7.38 Mn
Dec 31, 2022 36.19 Mn
Sep 30, 2022 -114.61 Mn
Jun 30, 2022 -5.43 Mn
Mar 31, 2022 23.78 Mn
Dec 31, 2021 44.88 Mn
Sep 30, 2021 29.33 Mn
Jun 30, 2021 32.39 Mn