TPG RE Finance Trust (TRTX) Operating Expenses (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Operating Expenses came in at $953000.0 in Q2 2026, down 3.64% on a YoY basis from $989000.0 in Q2 2025, and up 4.73% quarter-over-quarter from $910000.0 in Q1 2026.
Analysis
TPG RE Finance Trust (TRTX) Operating Expenses (2016 - 2026) Analysis & Trends
TPG RE Finance Trust (TRTX) has reported Operating Expenses for 11 consecutive years, with $953000.0 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 3.64% year-over-year to $953000.0; the trailing twelve-month figure through Jun 2026 stood at $4.0 million (down 3.3% YoY), and the FY2025 full-year result was $4.3 million, changed 0.16% from the prior year.
- Operating Expenses advanced to $953000.0 in Q2 2026 per TRTX's latest filing, from $910000.0 in the prior quarter.
- Across five years, Operating Expenses topped out at $1.3 million in Q2 2023 and bottomed 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.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses slumped 40.02% in 2023, then jumped 48.05% in 2024.
- Over 5 years, Operating Expenses stood at $1.1 million in 2022, then retreated by 10.52% to $970000.0 in 2023, then climbed by 6.08% to $1.0 million in 2024, then climbed by 14.97% to $1.2 million in 2025, then slipped by 19.44% to $953000.0 in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $953000.0, $910000.0, and $1.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | 16.21 Mn |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 51.40 Mn |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 111.00 Mn |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | 17.16 Mn |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 76.02 Mn |
| 10 | TPG RE Finance Trust | 597.86 Mn | 527.05 Mn | - | 953,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 953,000.00 |
| 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 |