TPG RE Finance Trust (TRTX) Retained Earnings (2016 - 2026)
TPG RE Finance Trust (TRTX) reported Retained Earnings of -$680.6 million for Q1 2026, down 8.07% on a YoY basis from -$740.4 million in Q1 2025, and down 1.18% quarter-over-quarter from -$672.6 million in Q4 2025.
TPG RE Finance Trust (TRTX) Retained Earnings (2016 - 2026) Analysis & Trends
TPG RE Finance Trust has reported Retained Earnings for 11 years, with the latest figure at -$680.6 million in Q1 2026.
- For the quarter ending Q1 2026, Retained Earnings fell 8.07% year-over-year to -$680.6 million; the trailing twelve-month figure through Mar 2026 stood at -$680.6 million (down 8.07% YoY), and the FY2025 full-year result was -$672.6 million, down 8.98% from the prior year.
- Retained Earnings for Q1 2026 stood at -$680.6 million, down from -$672.6 million in the prior quarter.
- The five-year high for Retained Earnings was -$245.3 million in Q1 2022, with the low at -$680.6 million in Q1 2026.
- Historically, Retained Earnings has averaged -$537.1 million across 5 years, with a median of -$604.1 million in 2024.
- Annual changes were most pronounced in 2022 — Retained Earnings advanced 13.17% — and 2023, when it plunged 83.78%.
- TPG RE Finance Trust's Retained Earnings stood at -$395.0 million in 2022, then tumbled by 51.96% to -$600.3 million in 2023, then slipped by 2.82% to -$617.2 million in 2024, then fell by 8.98% to -$672.6 million in 2025, then retreated by 1.18% to -$680.6 million in 2026.
- The last three Retained Earnings figures came in at -$680.6 million (Q1 2026), -$672.6 million (Q4 2025), and -$653.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | -13.43 Bn |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | -331.00 Mn |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 10.88 Mn |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | - |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 7.90 Mn |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | -127.21 Mn |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | -573.02 Mn |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | -366.11 Mn |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | 1.23 Bn |
| 10 | TPG RE Finance Trust | 665.15 Mn | 573.15 Mn | - | -680.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -680.58 Mn |
| Dec 31, 2025 | -672.65 Mn |
| Sep 30, 2025 | -653.74 Mn |
| Jun 30, 2025 | -644.21 Mn |
| Mar 31, 2025 | -629.74 Mn |
| Dec 31, 2024 | -617.22 Mn |
| Sep 30, 2024 | -604.78 Mn |
| Jun 30, 2024 | -604.06 Mn |
| Mar 31, 2024 | -605.83 Mn |
| Dec 31, 2023 | -600.27 Mn |
| Sep 30, 2023 | -584.34 Mn |
| Jun 30, 2023 | -501.06 Mn |
| Mar 31, 2023 | -409.77 Mn |
| Dec 31, 2022 | -395.03 Mn |
| Sep 30, 2022 | -409.10 Mn |
| Jun 30, 2022 | -272.64 Mn |
| Mar 31, 2022 | -245.33 Mn |
| Dec 31, 2021 | -247.27 Mn |
| Sep 30, 2021 | -264.84 Mn |
| Jun 30, 2021 | -271.87 Mn |