TPG RE Finance Trust (TRTX) Operating Expenses (2016 - 2026)
TPG RE Finance Trust (TRTX) reported Operating Expenses of $910000.0 for Q1 2026, down 17.35% on a YoY basis from $1.1 million in Q1 2025, and down 23.08% quarter-over-quarter from $1.2 million in Q4 2025.
TPG RE Finance Trust (TRTX) Operating Expenses (2016 - 2026) Analysis & Trends
TPG RE Finance Trust has reported Operating Expenses for 11 years, with the latest figure at $910000.0 in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 17.35% year-over-year to $910000.0; the trailing twelve-month figure through Mar 2026 stood at $4.1 million (down 6.83% YoY), and the FY2025 full-year result was $4.3 million, changed 0.16% from the prior year.
- Operating Expenses for Q1 2026 stood at $910000.0, down from $1.2 million in the prior quarter.
- The five-year high for Operating Expenses was $1.3 million in Q2 2023, with the low at $718000.0 in Q3 2023.
- Historically, Operating Expenses has averaged $1.0 million across 5 years, with a median of $1.0 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses sank 40.02% — and 2024, when it soared 48.05%.
- TPG RE Finance Trust's Operating Expenses stood at $1.1 million in 2022, then declined by 10.52% to $970000.0 in 2023, then gained by 6.08% to $1.0 million in 2024, then gained by 14.97% to $1.2 million in 2025, then retreated by 23.08% to $910000.0 in 2026.
- The last three Operating Expenses figures came in at $910000.0 (Q1 2026), $1.2 million (Q4 2025), and $998000.0 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | 63.74 Mn |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | 34.00 Mn |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 480.31 Mn |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | 1.24 Bn |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 110.77 Mn |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | 21.25 Mn |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | 15.35 Mn |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 80.37 Mn |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | 49.45 Mn |
| 10 | TPG RE Finance Trust | 665.15 Mn | 573.15 Mn | - | 910,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 910,000.00 |
| Dec 31, 2025 | 1.18 Mn |
| Sep 30, 2025 | 998,000.00 |
| Jun 30, 2025 | 989,000.00 |
| Mar 31, 2025 | 1.10 Mn |
| Dec 31, 2024 | 1.03 Mn |
| Sep 30, 2024 | 1.06 Mn |
| Jun 30, 2024 | 1.19 Mn |
| Mar 31, 2024 | 986,000.00 |
| Dec 31, 2023 | 970,000.00 |
| Sep 30, 2023 | 718,000.00 |
| Jun 30, 2023 | 1.26 Mn |
| Mar 31, 2023 | 896,000.00 |
| Dec 31, 2022 | 1.08 Mn |
| Sep 30, 2022 | 1.20 Mn |
| Jun 30, 2022 | 949,000.00 |
| Mar 31, 2022 | 1.17 Mn |
| Dec 31, 2021 | 1.11 Mn |
| Sep 30, 2021 | 1.17 Mn |
| Jun 30, 2021 | 1.08 Mn |