TPG RE Finance Trust (TRTX) Net Income (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Net Income came in at $18.9 million in Q1 2026, up 38.05% year-on-year 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's Net Income history runs 11 years deep, the most recent figure standing at $18.9 million for Q1 2026.
- On a quarterly basis, Net Income rose 38.05% year-over-year to $18.9 million in Q1 2026; TTM through Mar 2026 was $65.5 million, a 8.09% decrease from a year earlier, with the FY2025 full-year figure at $60.3 million, down 18.86% from the prior year.
- Net Income improved to $18.9 million in Q1 2026 per TRTX's latest filing, from $4.0 million in the prior quarter.
- Across five years, Net Income topped out at $36.2 million in Q4 2022 and bottomed at -$114.6 million in Q3 2022.
- The 5-year median for Net Income is $13.7 million (2025), against an average of -$1.4 million.
- Across the five-year window, Net Income plunged 1172.97% in 2023 and surged 136.26% in 2024, its largest moves.
- Year by year, Net Income stood at $36.2 million in 2022, then plunged by 82.37% to $6.4 million in 2023, then jumped by 67.4% to $10.7 million in 2024, then slumped by 62.78% to $4.0 million in 2025, then soared by 376.33% to $18.9 million in 2026.
- Per Business Quant, the three latest TRTX Net Income figures stand at $18.9 million (Q1 2026), $4.0 million (Q4 2025), and $22.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | 290.52 Mn |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | - |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 57.42 Mn |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | 109.48 Mn |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | -6.34 Mn |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 89.90 Mn |
| 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 | - | 32.25 Mn |
| 10 | TPG RE Finance Trust | 664.36 Mn | 572.36 Mn | - | 18.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |