# TPG RE Finance Trust, Inc.: overview

TRTX · NYSE · CIK 1630472 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/trtx.md) · [Financials](/companies/trtx/financials.md) · [Filings](/companies/trtx/filings.md) · [Insiders](/companies/trtx/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $ | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | not reported | [0.12](/filings/0001630472-26-000017.md) | [0.21](/filings/0001630472-26-000026.md) | [0.23](/filings/0001630472-26-000030.md) | not reported | [0.19](/filings/0001630472-26-000017.md) | [0.12](/filings/0001630472-26-000026.md) | [0.08](/filings/0001630472-26-000030.md) |
| Free cash flow | $ | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL not reported.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $ | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [0.87](/filings/0001630472-24-000006.md) | [(0.95)](/filings/0001630472-25-000005.md) | [(1.69)](/filings/0001630472-26-000004.md) | [0.75](/filings/0001630472-26-000004.md) | [0.57](/filings/0001630472-26-000004.md) |
| Free cash flow | $ | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL not reported.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/trtx/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Long Pond Capital, LP](/funds/1499066.md) | 2026-06-30 | $58.8m | 7,029,102 |  | Unchanged |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $54.4m | 6,497,688 |  | Added +226,588 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $28.1m | 3,352,835 |  | Added +129,803 |
| [MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.](/funds/1705339.md) | 2026-06-30 | $27.5m | 3,286,960 |  | Added +105,664 |
| [State of New Jersey Common Pension Fund A](/funds/1483262.md) | 2026-06-30 | $26.4m | 3,149,148 |  | Unchanged |
| [TPG GP A, LLC](/funds/1903793.md) | 2026-06-30 | $20.0m | 2,392,863 |  | Unchanged |
| [GRATIA CAPITAL, LLC](/funds/1599793.md) | 2026-06-30 | $17.3m | 2,067,333 |  | Reduced −634,416 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $16.4m | 1,955,268 |  | Added +111,965 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $15.8m | 1,836,490 |  | Reduced −60,949 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $12.7m | 1,516,270 |  | Added +315,085 |

## Recent filings

[All 586 filings](/companies/trtx/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-26 | 16:13 ET | [8-K](/filings/0001630472-26-000031.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001630472-26-000031 |
| 2026-10-26 | 16:10 ET | [10-Q](/filings/0001630472-26-000030.md) | Quarterly report, period 2026-09-30 | 0001630472-26-000030 |
| 2026-10-06 | 08:34 ET | [8-K](/filings/0001193125-26-414993.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-414993 |
| 2026-07-28 | 16:32 ET | [8-K](/filings/0001630472-26-000027.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001630472-26-000027 |
| 2026-07-28 | 16:30 ET | [10-Q](/filings/0001630472-26-000026.md) | Quarterly report, period 2026-06-30 | 0001630472-26-000026 |
| 2026-06-01 | 17:23 ET | [8-K](/filings/0001630472-26-000021.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001630472-26-000021 |
| 2026-05-21 | 16:16 ET | [8-K](/filings/0001193125-26-234446.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001193125-26-234446 |
| 2026-05-15 | 17:53 ET | [8-K](/filings/0001193125-26-224430.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-224430 |
| 2026-04-28 | 16:19 ET | [8-K](/filings/0001630472-26-000018.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001630472-26-000018 |
| 2026-04-28 | 16:17 ET | [10-Q](/filings/0001630472-26-000017.md) | Quarterly report, period 2026-03-31 | 0001630472-26-000017 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001630472-26-000004.md), filed Feb 17, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1630472
- Tickers: TRTX, TRTX-PC
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MD
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 16:13 ET. No prices; not investment advice.
