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Size TPG RE Finance Trust (TRTX) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $512M, the 2680th largest of 3,117 United States companies the cockpit tracks. Shares closed at $6.75 on 6 Nov 2026.
Performance Over six months the shares fell 21.2%, against -9.0% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 5.9% over the last twelve months (peer median +3.5%); the operating margin is 73.2% (peer median 46.5%).
Valuation It trades at 6.2× forward earnings against a peer median of 15.9× (2nd cheapest of 13).
Short interest Short interest is 9.0% of the free float (15 Oct 2026).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $346M | $333M | $351M | $390M | $306M |
| Revenue growth | — | -5% | -10% | +28% | — |
| Gross profit | $296M | $276M | $297M | $360M | $275M |
| EBITDA | $286M | $269M | $295M | $345M | $261M |
| Net income | $43.1M | $58.1M | $72.3M | -$118M | -$61.1M |
| Free cash flow | $74.5M | $84.2M | $107M | $74.8M | $95.4M |
| Capital expenditure | $10.7M | $6.14M | $5.32M | $5.36M | $5.06M |
| Total debt | $4.17B | $3.29B | $2.57B | $3.04B | $4.16B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TRTX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.1% | +2.3% | 2nd highest of 21 |
| 6-month return | -21.2% | -9.0% | 5th lowest of 21 |
| Distance from 52-week high | -27.8% | -22.5% | 7th lowest of 21 |
| Revenue growth (TTM) | +5.9% | +3.5% | 10th highest of 20 |
| Operating margin | 73.2% | 46.5% | 3rd highest of 21 |
| Forward P/E | 6.2× | 15.9× | 2nd cheapest of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TPG RE Finance Trust TRTX | United States | $512M | -21% | +6% | 73% | 6.2× | n/a | n/a |
| ESR Kendall Square REIT 365550.KS | South Korea | $513M | -37% | +11% | 49% | 25.7× | n/a | n/a |
| Adamas Trust ADAM | United States | $514M | -36% | +35% | 58% | 5.6× | n/a | n/a |
| Automotive Properties Real Estate Investment Trust APR-UN.TO | Canada | $499M | +11% | +18% | 78% | 12.5× | n/a | n/a |
| Dexus Industria REIT DXI.AX | Australia | $525M | +3% | -12% | 75% | 14.9× | n/a | n/a |
| Shinhan Alpha REIT 293940.KS | South Korea | $497M | -8% | +45% | 63% | 24.0× | n/a | n/a |
| Gladstone Commercial GOOD | United States | $497M | -21% | +11% | 39% | 64.4× | n/a | n/a |
| Rural Funds RFF.AX | Australia | $532M | -1% | +7% | 44% | 16.9× | n/a | n/a |
| Hankyu Hanshin REIT 8977.T | Japan | $533M | -19% | -38% | 34% | 18.4× | n/a | n/a |
| China Southern SF Express Closed Infrastructure REIT 180305.SZ | China | $490M | -12% | n/a | 10% | n/a | n/a | n/a |
| Abacus ABG.AX | Australia | $539M | -13% | -5% | -16% | 11.4× | n/a | n/a |
| Allied Properties Real Estate Investment Trust AP-UN.TO | Canada | $539M | -61% | -5% | 36% | n/a | n/a | n/a |
| China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit 180203.SZ | China | $541M | 0% | +451% | 28% | n/a | n/a | n/a |
| Universal Health Realty Income Trust UHT | United States | $544M | -4% | 0% | 38% | 22.6× | n/a | n/a |
| Testa Residencial Socimi YTST.MC | Spain | $482M | +13% | -2% | 59% | n/a | n/a | n/a |
| Sunlight Real Estate Investment Trust 0435.HK | Hong Kong | $481M | -10% | -5% | 65% | n/a | n/a | n/a |
| Custodian Property Income REIT CREI.L | United Kingdom | $545M | +1% | +9% | 68% | 13.2× | n/a | n/a |
| Schroder Real Estate Investment Trust SREI.L | United Kingdom | $548M | -6% | +7% | 67% | n/a | n/a | n/a |
| Brandywine Realty Trust BDN | United States | $551M | +4% | +4% | 15% | n/a | n/a | n/a |
| Hudson Pacific Properties HPP | United States | $471M | -22% | +3% | -1% | n/a | n/a | n/a |
| Morguard North American Residential Real Estate Investment Trust MRG-UN.TO | Canada | $557M | -12% | -1% | 64% | 11.7× | n/a | n/a |