TPG RE Finance Trust, Inc. (TRTX) Research

TPG RE Finance Trust, Inc. (TRTX) operates as a financial institution primarily engaged in the commercial real estate sector within the United States. Its core business involves generating, purchasing, and actively overseeing a variety of debt instruments connected to commercial properties. The company's investment strategy encompasses a wide range of commercial real estate-backed debt, including senior and subordinate mortgage loans, mezzanine financing, preferred equity stakes, and various secured real estate securities. TRTX also allocates capital to commercial mortgage-backed securities (CMBS) and collateralized loan obligations (CLOs) that are underpinned by real estate assets. These investments are predominantly tied to properties within key sectors such as office buildings, multifamily residences, life science facilities, mixed-use developments, hospitality venues, industrial sites, and retail spaces. For federal income tax purposes, TPG RE Finance Trust, Inc. is structured as a Real Estate Investment Trust (REIT). This classification generally allows the company to avoid federal corporate income tax liabilities, provided it distributes at least 90% of its taxable income to its stockholders. Established in 2014, the company maintains its corporate headquarters in New York, New York.

Market snapshot

Symbol
TRTX
Price
$8.60
Day change
+1.06%
Market cap
$664.9M
P/E ratio
10.27x
52-week range
7.565-9.85
Sector
Real Estate
Industry
REIT - Mortgage
Next earnings
in 1 month
Analyst price target
$10.00

Peer companies

  • Adamas Trust, Inc. (ADAM)
  • BrightSpire Capital, Inc. (BRSP)
  • CTO Realty Growth, Inc. (CTO)
  • Franklin BSP Realty Trust, Inc. (FBRT)
  • Invesco Mortgage Capital Inc. (IVR)
  • TPG Mortgage Investment Trust Inc (MITT)
  • Ready Capital Corporation (RC)
  • Redwood Trust, Inc. (RWT)

Recent insider activity

  • Gillmore Michael — A-Award (1195 shares) on 2026-04-24
  • Smith Michael Bradley — A-Award (1195 shares) on 2026-04-24
  • SILVERSTEIN WENDY — A-Award (1195 shares) on 2026-04-24
  • Schuster Todd — A-Award (164 shares) on 2026-04-24
  • SILVERSTEIN WENDY — A-Award (1007 shares) on 2026-01-23

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