TPG RE Finance Trust (TRTX) Payout Ratio (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Payout Ratio came in at 2.06 in Q2 2026, up 74.34% on a YoY basis from 1.18 in Q2 2025, and up 61.2% quarter-over-quarter from 1.28 in Q1 2026.
Analysis
TPG RE Finance Trust (TRTX) Payout Ratio (2016 - 2026) Analysis & Trends
TPG RE Finance Trust (TRTX) has reported Payout Ratio for 11 consecutive years, with 2.06 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Payout Ratio rose 74.34% year-over-year to 2.06; the trailing twelve-month figure through Jun 2026 stood at 1.79 (up 18.07% YoY), and the FY2025 full-year result was 1.73, up 32.28% from the prior year.
- Payout Ratio grew to 2.06 in Q2 2026 per TRTX's latest filing, from 1.28 in the prior quarter.
- Across five years, Payout Ratio topped out at 101.16 in Q4 2025 and bottomed at 2.12 in Q2 2022.
- Historically, Payout Ratio has averaged 7.01 across 5 years, with a median of 1.18 in 2025.
- The sharpest annual moves came in 2022 and 2025: Payout Ratio tumbled 187.82% in 2022, then soared 3442.89% in 2025.
- Over 5 years, Payout Ratio stood at 0.57 in 2022, then surged by 1153.85% to 7.19 in 2023, then slumped by 60.27% to 2.86 in 2024, then jumped by 3442.89% to 101.16 in 2025, then sank by 97.97% to 2.06 in 2026.
- According to Business Quant data, Payout Ratio over the past three periods registered 2.06, 1.28, and 101.16 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - |
| 10 | TPG RE Finance Trust | 597.86 Mn | 527.05 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.06 |
| Mar 31, 2026 | 1.28 |
| Dec 31, 2025 | 101.16 |
| Sep 30, 2025 | 1.06 |
| Jun 30, 2025 | 1.18 |
| Mar 31, 2025 | 2.01 |
| Dec 31, 2024 | 2.86 |
| Sep 30, 2024 | 1.06 |
| Jun 30, 2024 | 0.91 |
| Mar 31, 2024 | 1.47 |
| Dec 31, 2023 | 7.19 |
| Sep 30, 2023 | -0.29 |
| Jun 30, 2023 | -0.26 |
| Mar 31, 2023 | 4.97 |
| Dec 31, 2022 | 0.57 |
| Sep 30, 2022 | -0.16 |
| Jun 30, 2022 | -2.12 |
| Mar 31, 2022 | 1.18 |
| Dec 31, 2021 | 0.45 |
| Sep 30, 2021 | 0.60 |