TPG RE Finance Trust TRTX
NYSE TRTX
$7.72 -0.16 (-2.09%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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