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
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