TPG RE Finance Trust (TRTX) Total Non-Current Liabilities (2017 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Total Non-Current Liabilities came in at $3.5 billion in Q2 2026, up 15.69% on a YoY basis from $3.1 billion in Q2 2025, and up 4.18% quarter-over-quarter from $3.4 billion in Q1 2026.
Analysis
TPG RE Finance Trust (TRTX) Total Non-Current Liabilities (2017 - 2026) Analysis & Trends
TPG RE Finance Trust (TRTX) has reported Total Non-Current Liabilities for 10 consecutive years, with $3.5 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Total Non-Current Liabilities rose 15.69% year-over-year to $3.5 billion; the trailing twelve-month figure through Jun 2026 stood at $3.5 billion (up 15.69% YoY), and the FY2025 full-year result was $3.3 billion, up 27.59% from the prior year.
- Total Non-Current Liabilities advanced to $3.5 billion in Q2 2026 per TRTX's latest filing, from $3.4 billion in the prior quarter.
- Across five years, Total Non-Current Liabilities topped out at $4.2 billion in Q4 2022 and bottomed at $1.2 billion in Q1 2022.
- Historically, Total Non-Current Liabilities has averaged $3.0 billion across 5 years, with a median of $3.1 billion in 2025.
- The sharpest annual moves came in 2022 and 2024: Total Non-Current Liabilities surged 252.97% in 2022, then slumped 31.69% in 2024.
- Over 5 years, Total Non-Current Liabilities stood at $4.2 billion in 2022, then decreased by 26.86% to $3.1 billion in 2023, then slipped by 15.31% to $2.6 billion in 2024, then advanced by 27.59% to $3.3 billion in 2025, then increased by 6.43% to $3.5 billion in 2026.
- According to Business Quant data, Total Non-Current Liabilities over the past three periods registered $3.5 billion, $3.4 billion, and $3.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Non-Current Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 126.51 Bn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | 108.59 Bn |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 53.77 Bn |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 35.92 Bn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | 23.23 Bn |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 6.91 Bn |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 15.77 Bn |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | 20.09 Bn |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 18.95 Bn |
| 10 | TPG RE Finance Trust | 597.86 Mn | 527.05 Mn | - | 3.55 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.55 Bn |
| Mar 31, 2026 | 3.40 Bn |
| Dec 31, 2025 | 3.33 Bn |
| Sep 30, 2025 | 2.98 Bn |
| Jun 30, 2025 | 3.07 Bn |
| Mar 31, 2025 | 2.85 Bn |
| Dec 31, 2024 | 2.61 Bn |
| Sep 30, 2024 | 2.53 Bn |
| Jun 30, 2024 | 2.57 Bn |
| Mar 31, 2024 | 2.70 Bn |
| Dec 31, 2023 | 3.08 Bn |
| Sep 30, 2023 | 3.31 Bn |
| Jun 30, 2023 | 3.76 Bn |
| Dec 31, 2022 | 4.22 Bn |
| Mar 31, 2022 | 1.22 Bn |
| Dec 31, 2021 | 1.19 Bn |
| Sep 30, 2021 | 1.01 Bn |
| Jun 30, 2021 | 944.57 Mn |
| Mar 31, 2021 | 935.84 Mn |
| Dec 31, 2020 | 1.61 Bn |