NYSE$TRTX

TPG RE Finance Trust Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

TPG RE Finance Trust reported Q1 2025 revenue of $68.0M, net income of $13.7M.

For Q1 2025, TPG RE Finance Trust reported Revenue was $68.0M, net income was $13.7M. Management discusses operating trends, liquidity, and outlook in the quarterly filing.

  • Revenue $68.0M for Q1 2025.
  • Net income $13.7M.
  • MD&A highlights operating priorities, liquidity, and sector-specific risks.

Headline financials

Total Revenue

$37M

Previous: $38.9M-4.9%
EPS (adj)

$0.24

Previous: $0.17+41.2%
Book Value Per Share

$11.19

Previous: $11.27-0.7%
Weighted Avg Risk Rating

3

No prior period
Allowance for Credit Losses

$64.7M

Previous: $61.6M+5.1%
Credit Loss Expense

$3.42M

Previous: $4.36M-21.4%
Non-Mark-to-Market Borrowings

91.0%

Previous: 77.0%+18.2%
Q4 Loan Commitments

$3.39B

Previous: $3.41B-0.8%
Initial Unpaid Principal

$3.28B

Previous: $3.28B-0.2%
Unfunded Loan Commitments

$110M

Previous: $128M-14.2%
Weighted Avg LTV

66.1%

No prior period
Net Income

$13.7M

Previous: $16.7M-18.1%
Operating Income

$13.8M

Previous: $4.55M+203.0%

Revenue & EPS history

TRTX · Revenue · Quarterly

$37M

Q1 2025-4.9%vs Q1 2024
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

Finance outlook emphasizes net investment income, spreads, and credit quality.

Tailwinds

  • Floating-rate assets benefit from elevated rates.
  • Origination pipeline and portfolio diversification.

Headwinds

  • Credit losses and slower deployment.
  • Regulatory and refinancing risk.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-1.1%

Avg return

Earnings day

-0.9%

Avg return

5 days after

+0.6%

Avg return

30 days after

45%

18 / 40 earnings

Positive

+14.2%

Q4 2023

Best reaction

-19.5%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%-0.4%+0.4%
Q4 2025-3.6%-5.3%-11.1%
Q3 2025-3.4%-1.9%+1.9%
Q1 2025+1.5%+1.5%+2.0%
Q4 2024-5.2%-4.4%-3.0%
Q3 2024+5.1%+4.5%+9.8%
Q2 2024-1.2%-4.3%+2.8%
Q1 2024+8.8%+9.7%+12.1%
Q4 2023+14.2%+21.2%+40.2%
Q3 2023-7.7%-4.2%+3.5%
Q2 2023-12.1%-8.2%-3.6%
Q1 2023-19.5%-19.4%-7.8%
Q4 2022+10.8%+7.8%-15.8%
Q3 2022-14.5%-20.3%-11.0%
Q2 2022-5.2%-7.1%-17.0%
Q1 2022+4.8%+1.3%+1.0%
Q4 2021-5.1%-3.4%-2.4%
Q3 2021-2.8%+0.5%-6.5%
Q2 2021-2.6%-0.5%-3.5%
Q1 2021-0.3%+3.7%+5.5%
Q4 2020-5.2%-1.3%+2.3%
Q3 2020+0.6%+5.6%+33.0%
Q2 2020+5.3%+3.0%+9.4%
Q1 2020-9.8%-17.8%+25.1%
Q4 2019+0.4%+0.8%-63.8%
Q3 2019+2.5%+1.6%+2.0%
Q2 2019-0.2%-0.3%-1.6%
Q1 2019-0.4%+1.7%-1.7%
Q4 2016+0.2%+0.1%-2.3%
Q4 2018-0.6%-0.1%-0.7%
Q3 2018+0.2%+1.0%-1.5%
Q2 2018-0.5%-5.8%+0.1%
Q1 2017+0.7%+0.4%+2.9%
Q1 2018+0.7%+0.4%+2.9%
Q2 2017+0.1%+0.3%+6.1%
Q4 2017+0.1%+0.3%+6.1%
Q4 2015+0.1%+0.3%+6.1%
Q3 2016-0.8%-0.9%-0.6%
Q3 2017-0.8%-0.9%-0.6%
Q2 2016+2.7%+3.4%+2.0%
Q1 2016

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