TPG RE Finance Trust, Inc.TRTXEarnings & Financial Report
TPG RE Finance Trust, Inc. is a commercial real estate finance firm primarily operating in the United States. It originates, underwrites and manages a portfolio of senior commercial mortgage loans and other real estate-linked debt instruments, serving commercial property owners and investors across multifamily, industrial, office and retail property segments.
Revenue
$39.3M
Gross Profit
N/A
Operating Profit
$24.8M
Net Profit
$24.7M
Gross Margin
N/A
Operating Margin
63.1%
Net Margin
62.9%
YoY Growth
20.4%
EPS
$0.26
TPG RE Finance Trust, Inc. Q2 FY2024 Financial Summary
TPG RE Finance Trust, Inc. reported revenue of $39.3M (up 20.4% YoY) for Q2 FY2024, with a net profit of $24.7M (up 135.7% YoY) (62.9% margin).
Key Financial Metrics
| Total Revenue | $39.3M |
|---|---|
| Net Profit | $24.7M |
| Gross Margin | N/A |
| Operating Margin | 63.1% |
| Report Period | Q2 FY2024 |
TPG RE Finance Trust, Inc. Annual Revenue by Year
TPG RE Finance Trust, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $146.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $146.1M |
| 2024 | $153.1M |
| 2023 | $88.7M |
| 2022 | $142.1M |
TPG RE Finance Trust, Inc. Quarterly Revenue & Net Profit History
TPG RE Finance Trust, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $35.0M | +0.9% | $4.0M | 15.6% |
| Q3 FY2025 | $37.8M | -5.7% | $22.0M | 58.1% |
| Q2 FY2025 | $36.2M | -7.9% | $20.6M | 57.0% |
| Q1 FY2025 | $37.0M | -4.9% | $13.7M | 37.0% |
| Q4 FY2024 | $34.7M | +10.3% | $10.7M | 43.3% |
| Q3 FY2024 | $40.1M | +48.6% | $22.2M | 55.3% |
| Q2 FY2024 | $39.3M | +20.4% | $24.7M | 62.9% |
| Q1 FY2024 | $38.9M | +54.1% | $16.7M | 43.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $38.9M | $39.3M | $40.1M | $34.7M | $37.0M | $36.2M | $37.8M | $35.0M |
| YoY Growth | 54.1% | 20.4% | 48.6% | 10.3% | -4.9% | -7.9% | -5.7% | 0.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.83B | $3.70B | $3.66B | $3.73B | $3.96B | $4.16B | $4.06B | $4.41B |
| Liabilities | $2.71B | $2.57B | $2.54B | $2.62B | $2.86B | $3.07B | $2.98B | $3.34B |
| Equity | $1.12B | $1.12B | $1.12B | $1.11B | $1.10B | $1.09B | $1.08B | $1.07B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $37.4M | $25.6M | $23.7M | $112.1M | $19.1M | $24.7M | $21.8M | $90.4M |