TPG RE Finance Trust (TRTX) Operating Expenses (2016 - 2026)
TPG RE Finance Trust (TRTX) posted quarterly Operating Expenses of $953000.0 for Q2 2026, down 3.64% year-over-year from $989000.0 in Q2 2025, and up 4.73% quarter-over-quarter from $910000.0 in Q1 2026.
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 $953000.0 for Q2 2026.
- In Q2 2026, Operating Expenses fell 3.64% year-over-year to $953000.0; the TTM figure through Jun 2026 stood at $4.0 million (down 3.3% YoY), while the FY2025 annual figure was $4.3 million, changed 0.16% from the prior year.
- Operating Expenses for Q2 2026 stood at $953000.0, up from $910000.0 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.
- The 5-year median for Operating Expenses is $1.0 million (2024), against an average of $1.0 million.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses plunged 40.02% in 2023, then surged 48.05% in 2024.
- 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 19.44% to $953000.0 in 2026.
- Business Quant data shows TRTX's Operating Expenses at $953000.0 in Q2 2026, $910000.0 in Q1 2026, and $1.2 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 16.21 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 111.00 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 17.16 Mn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 76.02 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 6.76 Mn |
| 10 | TPG RE Finance Trust | 607.49 Mn | 536.68 Mn | - | 953,000.00 |
Historic Data
Download 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 |