TPG RE Finance Trust (TRTX) earnings

TPG RE Finance Trust, Inc.· Real Estate

Results to: Mar 2026
Latest analysed call: Jun 2026 (Q2 FY26)
Balance sheet to: Dec 2025

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TPG RE Finance Trust earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	Unavailable	—	Quarterly, as filed	Quarter to Mar 2026	Not in the filed figures for the quarter to mar 2026. No older figure is substituted.
Operating margin	Unavailable	—	Operating profit / revenue	Quarter to Mar 2026	Not in the filed figures for the quarter to mar 2026. No older figure is substituted.
Net profit	18.9 $ million	+38.0% YoY	Quarterly, as filed	Quarter to Mar 2026	Profit after tax as filed.

Source: Inve data from filed results (SEC filings) · to Mar 2026

Price

$5.92 +4.96% · +$0.28

Last close Oct 15, 2026 · US · USD

Performance −31.8% 1Y

1Y: $8.68 on 14 Oct 2025 → $5.92. High $9.31 (29 Jan 2026), low $5.64 (14 Oct 2026).

Previous close: $5.64
52-week range: $5.64 – $9.31
One year: −32.03%

Overview

Symbol: TRTX
Sector: Real Estate
Exchange: US
Currency: USD

Financials

What the filings say

Net profit, year on year: +38% (quarter to mar 2026 against mar 2025).

In $ million. Oldest period first.

Line item	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Profit before tax	25	22	11	14	21	22	4	19
Tax rate	0.4%	0.3%	−1.5%	0.4%	0.6%	0.5%	2.1%	0.6%
Net profit	25	22	11	14	21	22	4	19
EPS ($ per share)	0.26	0.23	—	0.12	0.21	0.23	—	0.19

Source: Inve data · income statement, quarterly · to Mar 2026

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Equity capital	—	—	—	0	0	0	0	0
Reserves	-26	-28	-293	-247	-395	-600	-617	-673
Total liabilities	3,200	4,389	3,442	3,753	4,223	3,090	2,617	3,338
Total assets	4,527	5,893	4,909	5,218	5,545	4,214	3,731	4,406

Source: Inve data · balance sheet · to Dec 2025

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from operations	108	122	132	132	100	80	112	90
Cash from investing	-1,193	-1,309	965	-343	-453	1,095	441	-790
Cash from financing	1,050	1,226	-857	152	345	-1,223	-569	597
Net cash flow	-35	39	240	-59	-7	-47	-17	-102

Source: Inve data · cash flow · to Dec 2025

Insider filings

31 filings between Oct 24, 2025 and Jul 24, 2026.

Open market

decisions to buy or sell

Nobody bought or sold TRTX on the open market in this window. The filings below are 26 awards and 5 tax withholdings.

Compensation

not trading decisions

26: Award — granted as compensation
5: Tax withheld — shares kept back by the company to cover tax

Latest filings (50)

Date	Insider	What	Shares	Value
Jul 24, 2026	Smith Michael Bradley Director	Award	1,109	$9.4K
Jul 24, 2026	SILVERSTEIN WENDY Director	Award	1,109	$9.4K
Jul 24, 2026	Gillmore Michael Director	Award	1,109	$9.4K
Jul 24, 2026	Schuster Todd Director	Award	152	$1.3K
Jun 30, 2026	Hong Julie Director	Tax withheld	6,195	$52.4K
Jun 30, 2026	Fox Brandon C See Remark (A)	Tax withheld	9,011	$76.2K
Jun 30, 2026	Bouquard Doug Chief Executive Officer	Tax withheld	223,533	$1.89M
Jun 30, 2026	Coleman Matthew President	Tax withheld	34,696	$293.5K
Jun 30, 2026	Banyasz Avi Director	Tax withheld	20,539	$173.8K
Apr 24, 2026	Schuster Todd Director	Award	164	$1.2K
Apr 24, 2026	SILVERSTEIN WENDY Director	Award	1,195	$9.1K
Apr 24, 2026	Smith Michael Bradley Director	Award	1,195	$9.1K
Apr 24, 2026	Gillmore Michael Director	Award	1,195	$9.1K
Jan 23, 2026	Gillmore Michael Director	Award	1,007	$8.9K
Jan 23, 2026	Schuster Todd Director	Award	138	$1.2K
Jan 23, 2026	Smith Michael Bradley Director	Award	1,007	$8.9K
Jan 23, 2026	SILVERSTEIN WENDY Director	Award	1,007	$8.9K
Dec 24, 2025	Fox Brandon C See Remark (A)	Award	26,000	$0
Dec 24, 2025	Gillmore Michael Director	Award	13,012	$0
Dec 24, 2025	Bouquard Doug Chief Executive Officer	Award	429,794	$0
Dec 24, 2025	SILVERSTEIN WENDY Director	Award	13,012	$0
Dec 24, 2025	Goldthorpe Edward J. Director	Award	2,169	$0
Dec 24, 2025	Coleman Matthew President	Award	56,597	$0
Dec 24, 2025	Smith Michael Bradley Director	Award	13,012	$0
Dec 24, 2025	Banyasz Avi Director	Award	56,597	$0
Dec 24, 2025	Schuster Todd Director	Award	13,012	$0
Dec 24, 2025	Hong Julie Director	Award	13,012	$0
Oct 24, 2025	Smith Michael Bradley Director	Award	998	$8.6K
Oct 24, 2025	Gillmore Michael Director	Award	998	$8.6K
Oct 24, 2025	SILVERSTEIN WENDY Director	Award	998	$8.6K
Oct 24, 2025	Schuster Todd Director	Award	137	$1.2K
Aug 5, 2025	TPG GP A, LLC Insider	Other	4,693,916	$0
Jul 25, 2025	Smith Michael Bradley Director	Award	1,088	$8.4K
Jul 25, 2025	SILVERSTEIN WENDY Director	Award	1,088	$8.4K
Jul 25, 2025	Schuster Todd Director	Award	149	$1.1K
Jul 25, 2025	Gillmore Michael Director	Award	1,088	$8.4K
Jun 30, 2025	Coleman Matthew President	Tax withheld	36,655	$281.5K
Jun 30, 2025	Foley Robert Chief Financial Officer	Tax withheld	58,231	$447.2K
Jun 30, 2025	Banyasz Avi Director	Tax withheld	14,135	$108.6K
Jun 30, 2025	Fox Brandon C Chief Accounting Officer	Tax withheld	7,944	$61.0K
Jun 30, 2025	Bouquard Doug Chief Executive Officer	Tax withheld	164,114	$1.26M
Jun 30, 2025	Hong Julie Director	Tax withheld	4,509	$34.6K
Apr 25, 2025	Schuster Todd Director	Award	139	$1.1K
Apr 25, 2025	SILVERSTEIN WENDY Director	Award	1,011	$8.1K
Apr 25, 2025	Smith Michael Bradley Director	Award	1,011	$8.1K
Apr 25, 2025	Gillmore Michael Director	Award	1,011	$8.1K
Jan 24, 2025	Smith Michael Bradley Director	Award	939	$7.9K
Jan 24, 2025	SILVERSTEIN WENDY Director	Award	939	$7.9K
Jan 24, 2025	Gillmore Michael Director	Award	939	$7.9K
Jan 24, 2025	Schuster Todd Director	Award	129	$1.1K

Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.

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