TPG RE Finance Trust (TRTX) Non-Current Debt (2016 - 2026)
TPG RE Finance Trust (TRTX) posted quarterly Non-Current Debt of $1.9 billion for Q2 2026, up 265.8% year-over-year from $521.0 million in Q2 2025, and up 158.04% quarter-over-quarter from $738.6 million in Q1 2026.
TPG RE Finance Trust (TRTX) Non-Current Debt (2016 - 2026) Analysis & Trends
TPG RE Finance Trust's Non-Current Debt history runs 11 years deep, the most recent figure standing at $1.9 billion for Q2 2026.
- In Q2 2026, Non-Current Debt rose 265.8% year-over-year to $1.9 billion; the TTM figure through Jun 2026 stood at $1.9 billion (up 265.8% YoY), while the FY2025 annual figure was $2.6 billion, up 284.65% from the prior year.
- Non-Current Debt for Q2 2026 stood at $1.9 billion, up from $738.6 million in the prior quarter.
- The five-year high for Non-Current Debt was $4.3 billion in Q3 2022, with the low at $248.8 million in Q1 2025.
- The 5-year median for Non-Current Debt is $924.2 million (2023), against an average of $1.6 billion.
- The sharpest annual moves came in 2024 and 2025: Non-Current Debt plunged 84.6% in 2024, then surged 284.65% in 2025.
- TPG RE Finance Trust's Non-Current Debt stood at $1.1 billion in 2022, then fell by 28.46% to $820.8 million in 2023, then retreated by 18.29% to $670.7 million in 2024, then soared by 284.65% to $2.6 billion in 2025, then fell by 26.13% to $1.9 billion in 2026.
- Business Quant data shows TRTX's Non-Current Debt at $1.9 billion in Q2 2026, $738.6 million in Q1 2026, and $2.6 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 34.37 Bn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 89.81 Bn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 14.00 Bn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | - |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 22.64 Bn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 1.22 Bn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 19.44 Bn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 654.96 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 11.09 Bn |
| 10 | TPG RE Finance Trust | 607.49 Mn | 536.68 Mn | - | 1.91 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.91 Bn |
| Mar 31, 2026 | 738.58 Mn |
| Dec 31, 2025 | 2.58 Bn |
| Sep 30, 2025 | 577.23 Mn |
| Jun 30, 2025 | 520.99 Mn |
| Mar 31, 2025 | 248.76 Mn |
| Dec 31, 2024 | 670.73 Mn |
| Sep 30, 2024 | 528.09 Mn |
| Jun 30, 2024 | 529.70 Mn |
| Mar 31, 2024 | 619.83 Mn |
| Dec 31, 2023 | 820.82 Mn |
| Sep 30, 2023 | 1.03 Bn |
| Jun 30, 2023 | 1.04 Bn |
| Mar 31, 2023 | 4.02 Bn |
| Dec 31, 2022 | 1.15 Bn |
| Sep 30, 2022 | 4.32 Bn |
| Jun 30, 2022 | 3.92 Bn |
| Mar 31, 2022 | 2.81 Bn |
| Dec 31, 2021 | 2.55 Bn |
| Sep 30, 2021 | 2.75 Bn |