TPG RE Finance Trust (TRTX) Non Operating Interest Expenses (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Non Operating Interest Expenses came in at $17.2 million in Q2 2026, down 16.58% on a YoY basis from $20.6 million in Q2 2025, and down 7.18% quarter-over-quarter from $18.5 million in Q1 2026.
Analysis
TPG RE Finance Trust (TRTX) Non Operating Interest Expenses (2016 - 2026) Analysis & Trends
TPG RE Finance Trust (TRTX) has reported Non Operating Interest Expenses for 11 consecutive years, with $17.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Non Operating Interest Expenses fell 16.58% year-over-year to $17.2 million; the trailing twelve-month figure through Jun 2026 stood at $73.8 million (down 5.66% YoY), and the FY2025 full-year result was $78.5 million, up 5.77% from the prior year.
- Non Operating Interest Expenses declined to $17.2 million in Q2 2026 per TRTX's latest filing, from $18.5 million in the prior quarter.
- Across five years, Non Operating Interest Expenses topped out at $70.0 million in Q1 2023 and bottomed at $12.4 million in Q3 2023.
- Historically, Non Operating Interest Expenses has averaged $25.1 million across 5 years, with a median of $19.6 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Non Operating Interest Expenses jumped 211.05% in 2023, then plunged 75.09% in 2024.
- Over 5 years, Non Operating Interest Expenses stood at $34.7 million in 2022, then grew by 10.09% to $38.2 million in 2023, then slumped by 48.73% to $19.6 million in 2024, then rose by 0.6% to $19.7 million in 2025, then declined by 12.65% to $17.2 million in 2026.
- According to Business Quant data, Non Operating Interest Expenses over the past three periods registered $17.2 million, $18.5 million, and $19.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 1.32 Bn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | - |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 464.11 Mn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | - |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | - |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 98.55 Mn |
| 10 | TPG RE Finance Trust | 597.86 Mn | 527.05 Mn | - | 17.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.21 Mn |
| 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 | 38.20 Mn |
| Sep 30, 2023 | 12.42 Mn |
| Jun 30, 2023 | 12.73 Mn |
| Mar 31, 2023 | 69.99 Mn |
| Dec 31, 2022 | 34.70 Mn |
| Sep 30, 2022 | 45.07 Mn |
| Jun 30, 2022 | 28.01 Mn |
| Mar 31, 2022 | 22.50 Mn |
| Dec 31, 2021 | 13.80 Mn |
| Sep 30, 2021 | 20.98 Mn |