TPG RE Finance Trust (TRTX) Operating Expenses (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Operating Expenses came in at $910000.0 in Q1 2026, down 17.35% year-on-year 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's Operating Expenses history runs 11 years deep, the most recent figure standing at $910000.0 for Q1 2026.
- On a quarterly basis, Operating Expenses fell 17.35% year-over-year to $910000.0 in Q1 2026; TTM through Mar 2026 was $4.1 million, a 6.83% decrease from a year earlier, with the FY2025 full-year figure at $4.3 million, changed 0.16% from the prior year.
- Operating Expenses fell to $910000.0 in Q1 2026 per TRTX's latest filing, from $1.2 million 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.
- The 5-year median for Operating Expenses is $1.0 million (2024), against an average of $1.0 million.
- Across the five-year window, Operating Expenses sank 40.02% in 2023 and surged 48.05% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $1.1 million in 2022, then fell by 10.52% to $970000.0 in 2023, then advanced by 6.08% to $1.0 million in 2024, then advanced by 14.97% to $1.2 million in 2025, then decreased by 23.08% to $910000.0 in 2026.
- Per Business Quant, the three latest TRTX Operating Expenses figures stand at $910000.0 (Q1 2026), $1.2 million (Q4 2025), and $998000.0 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | 63.74 Mn |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | 34.00 Mn |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 480.31 Mn |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | 1.24 Bn |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 110.77 Mn |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 80.37 Mn |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | 21.25 Mn |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | 17.16 Mn |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | 49.45 Mn |
| 10 | TPG RE Finance Trust | 664.36 Mn | 572.36 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 |