TPG RE Finance Trust (TRTX) Non Operating Income (2016 - 2026)
TPG RE Finance Trust (TRTX) reported Non Operating Income of $18.5 million for Q1 2026, down 6.5% on a YoY basis from $19.8 million in Q1 2025, and down 5.9% quarter-over-quarter from $19.7 million in Q4 2025.
TPG RE Finance Trust (TRTX) Non Operating Income (2016 - 2026) Analysis & Trends
TPG RE Finance Trust has reported Non Operating Income for 11 years, with the latest figure at $18.5 million in Q1 2026.
- For the quarter ending Q1 2026, Non Operating Income fell 6.5% year-over-year to $18.5 million; the trailing twelve-month figure through Mar 2026 stood at $77.2 million (up 0.78% YoY), and the FY2025 full-year result was $78.5 million, up 5.77% from the prior year.
- Non Operating Income for Q1 2026 stood at $18.5 million, down from $19.7 million in the prior quarter.
- The five-year high for Non Operating Income was $20.6 million in Q2 2025, with the low at $9.6 million in Q3 2022.
- Historically, Non Operating Income has averaged $15.6 million across 5 years, with a median of $17.4 million in 2024.
- Annual changes were most pronounced in 2023 — Non Operating Income declined 14.88% — and 2024, when it soared 75.92%.
- TPG RE Finance Trust's Non Operating Income stood at $10.5 million in 2022, then surged by 41.73% to $14.8 million in 2023, then jumped by 32.21% to $19.6 million in 2024, then grew by 0.6% to $19.7 million in 2025, then fell by 5.9% to $18.5 million in 2026.
- The last three Non Operating Income figures came in at $18.5 million (Q1 2026), $19.7 million (Q4 2025), and $18.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Op. Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | 9.32 Mn |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | -433.00 Mn |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | -3.13 Mn |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | 11.72 Mn |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | - |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | -138.36 Mn |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | - |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 8.78 Mn |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | -35.99 Mn |
| 10 | TPG RE Finance Trust | 665.15 Mn | 573.15 Mn | - | 18.54 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.54 Mn |
| Dec 31, 2025 | 19.71 Mn |
| Sep 30, 2025 | 18.35 Mn |
| Jun 30, 2025 | 20.63 Mn |
| Mar 31, 2025 | 19.83 Mn |
| Dec 31, 2024 | 19.59 Mn |
| Sep 30, 2024 | 18.19 Mn |
| Jun 30, 2024 | 19.02 Mn |
| Mar 31, 2024 | 17.44 Mn |
| Dec 31, 2023 | 14.82 Mn |
| Sep 30, 2023 | 12.42 Mn |
| Jun 30, 2023 | 12.73 Mn |
| Mar 31, 2023 | 9.91 Mn |
| Dec 31, 2022 | 10.45 Mn |
| Sep 30, 2022 | 9.60 Mn |
| Jun 30, 2022 | 14.96 Mn |
| Mar 31, 2022 | 9.78 Mn |
| Dec 31, 2021 | 10.33 Mn |
| Sep 30, 2021 | 9.40 Mn |
| Jun 30, 2021 | 9.28 Mn |