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) Total Debt (2016 - 2026)

TPG RE Finance Trust's (TRTX) quarterly Total Debt came in at $1.9 billion in Q2 2026, up 265.8% on a YoY basis from $521.0 million in Q2 2025, and up 158.04% quarter-over-quarter from $738.6 million in Q1 2026.

Analysis

TPG RE Finance Trust (TRTX) Total Debt (2016 - 2026) Analysis & Trends

TPG RE Finance Trust (TRTX) has reported Total Debt for 11 consecutive years, with $1.9 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Total Debt rose 265.8% year-over-year to $1.9 billion; the trailing twelve-month figure through Jun 2026 stood at $1.9 billion (up 265.8% YoY), and the FY2025 full-year result was $618.5 million, down 7.79% from the prior year.
  • Total Debt grew to $1.9 billion in Q2 2026 per TRTX's latest filing, from $738.6 million in the prior quarter.
  • Across five years, Total Debt topped out at $4.3 billion in Q3 2022 and bottomed at $248.8 million in Q1 2025.
  • Historically, Total Debt has averaged $1.4 billion across 5 years, with a median of $779.7 million in 2023.
  • The sharpest annual moves came in 2024 and 2026: Total Debt slumped 84.6% in 2024, then jumped 265.8% in 2026.
  • Over 5 years, Total Debt stood at $1.1 billion in 2022, then decreased by 28.46% to $820.8 million in 2023, then slipped by 18.29% to $670.7 million in 2024, then slipped by 7.79% to $618.5 million in 2025, then surged by 208.15% to $1.9 billion in 2026.
  • According to Business Quant data, Total Debt over the past three periods registered $1.9 billion, $738.6 million, and $618.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 Annaly Capital Management 16.87 Bn 13.96 Bn - 34.37 Bn
2 AGNC Investment 12.43 Bn 11.10 Bn - 89.81 Bn
3 Starwood Property Trust 5.84 Bn 3.67 Bn - 18.81 Bn
4 Rithm Capital 5.57 Bn 5.57 Bn - -
5 Dynex Capital 2.88 Bn 2.27 Bn - 22.64 Bn
6 Two Harbors Investment 2.65 Bn 2.01 Bn - 111.35 Mn
7 Blackstone Mortgage Trust 2.35 Bn 1.91 Bn - 1.22 Bn
8 Armour Residential REIT 2.11 Bn 2.02 Bn - 19.44 Bn
9 Ellington Financial 1.71 Bn 1.46 Bn - 654.96 Mn
10 TPG RE Finance Trust 597.86 Mn 527.05 Mn - 1.91 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 1.91 Bn
Mar 31, 2026 738.58 Mn
Dec 31, 2025 618.47 Mn
Sep 30, 2025 577.23 Mn
Jun 30, 2025 520.99 Mn
Mar 31, 2025 248.76 Mn
Dec 31, 2024 670.73 Mn
Sep 30, 2024 528.09 Mn
Jun 30, 2024 529.70 Mn
Mar 31, 2024 619.83 Mn
Dec 31, 2023 820.82 Mn
Sep 30, 2023 1.03 Bn
Jun 30, 2023 1.04 Bn
Mar 31, 2023 4.02 Bn
Dec 31, 2022 1.15 Bn
Sep 30, 2022 4.32 Bn
Jun 30, 2022 3.92 Bn
Mar 31, 2022 2.81 Bn
Dec 31, 2021 2.55 Bn
Sep 30, 2021 2.80 Bn