TPG RE Finance Trust, Inc. (TRTXPC) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
C/O TPG CAPITAL, L.P. SAN FRANCISCO, CA 94104 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 190,160 | 206,376 | 254,050 | 260,635 | 319,669 | 79,182 | |||
| Cash and cash equivalent | 190,160 | 206,376 | 254,050 | 260,635 | 319,669 | 79,182 | |||
| Financing receivable, accrued interest, after allowance for credit loss | ✕ | ✕ | 20,200 | ✕ | |||||
| Total current assets: | 190,160 | 226,576 | 254,050 | 260,635 | 319,669 | 79,182 | |||
| Noncurrent Assets | |||||||||
| Intangible asset, including goodwill, after accumulated amortization | 21,884 | 29,471 | |||||||
| Intangible asset, excluding goodwill, after accumulated amortization | 21,884 | 29,471 | |||||||
| Regulated entity, other noncurrent assets | 600 | 4,600 | 9,000 | ||||||
| Total noncurrent assets: | 22,484 | 34,071 | 9,000 | ||||||
| Other undisclosed assets | 3,518,785 | 3,953,665 | 5,282,088 | 4,957,385 | 4,589,074 | 5,813,688 | |||
| TOTAL ASSETS: | 3,731,429 | 4,214,312 | 5,545,138 | 5,218,020 | 4,908,743 | 5,892,870 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 670,727 | 820,824 | 1,147,288 | 1,162,206 | 1,514,028 | 2,448,422 | |||
| Total current liabilities: | 670,727 | 820,824 | 1,147,288 | 1,162,206 | 1,514,028 | 2,448,422 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,946,661 | 2,268,703 | 3,075,854 | 2,591,108 | 1,928,264 | 1,940,494 | |||
| Total liabilities: | 2,617,388 | 3,089,527 | 4,223,142 | 3,753,314 | 3,442,292 | 4,388,916 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,114,041 | 1,124,785 | 1,321,996 | 1,464,706 | 1,266,900 | 1,503,954 | |||
| Common stock | 81 | 77 | 77 | ||||||
| Additional paid in capital | 1,731,174 | 1,724,967 | 1,716,938 | 1,711,886 | 1,559,681 | 1,530,935 | |||
| Accumulated other comprehensive income | 1,051 | ||||||||
| Accumulated deficit | (617,222) | (600,267) | (395,027) | (247,265) | (292,858) | (28,108) | |||
| Other undisclosed equity, attributable to parent | 8 | 8 | 8 | 85 | 77 | 76 | |||
| Total equity: | 1,114,041 | 1,124,785 | 1,321,996 | 1,464,706 | 1,266,900 | 1,503,954 | |||
| Other undisclosed liabilities and equity | 199,551 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 3,731,429 | 4,214,312 | 5,545,138 | 5,218,020 | 4,908,743 | 5,892,870 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Net Investment Income) | 307,146 | 362,550 | 302,860 | 240,161 | 283,672 | 339,814 | ||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (4,147) | (189,912) | (172,982) | (55,983) | ||||
| Gross profit: | 302,999 | 172,638 | 129,878 | 240,161 | 227,689 | 339,814 | ||
| Other operating expense, net (Other Expenses) | (74,234) | (49,879) | (44,799) | (38,117) | (40,341) | (39,835) | ||
| Operating income: | 228,765 | 122,759 | 85,079 | 202,044 | 187,348 | 299,979 | ||
| Interest and debt expense | (273,862) | (160,755) | (85,090) | (107,237) | (174,841) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 228,765 | (151,103) | (75,676) | 116,954 | 80,111 | 125,138 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (154,031) | 34,732 | 16,140 | 22,660 | (216,632) | 1,754 | ||
| Income (loss) from continuing operations before income taxes: | 74,734 | (116,371) | (59,536) | 139,614 | (136,521) | 126,892 | ||
| Income tax expense | (399) | (259) | (530) | (1,064) | (305) | (579) | ||
| Income (loss) from continuing operations: | 74,335 | (116,630) | (60,066) | 138,550 | (136,826) | 126,313 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 138,550 | (136,826) | 126,313 | |
| Net income (loss) attributable to parent: | 74,335 | (116,630) | (60,066) | 138,550 | (136,826) | 126,313 | ||
| Preferred stock dividends and other adjustments | (14,685) | (15) | ||||||
| Undistributed earnings (loss) allocated to participating securities, basic | (2,077) | |||||||
| Other undisclosed net loss available to common stockholders, basic | (12,592) | (14,275) | (13,578) | (67,845) | ||||
| Net income (loss) available to common stockholders, diluted: | 59,666 | (130,905) | (73,644) | 70,705 | (151,511) | 126,298 | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 74,335 | (116,630) | (60,066) | 138,550 | (136,826) | 126,313 | ||
| Other comprehensive income (loss) | (1,051) | 3,036 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 74,335 | (116,630) | (60,066) | 138,550 | (137,877) | 129,349 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.