NYSE$TRTX

TPG RE Finance Trust Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

TPG RE Finance Trust reported Q4 2025, net income of $200K, diluted EPS of $0.00.

For Q4 2025, TPG RE Finance Trust reported net income of $200K, diluted EPS was $0.00. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Net income $200K.
  • Diluted EPS $0.00.
  • TPG RE Finance Trust highlights liquidity, operations, and near-term priorities.

Headline financials

Total Revenue

$35M

Previous: $78.8M-55.5%
EPS (adj)

$0.00

Previous: $0.10-100.0%
Book Value Per Share

$11.07

Previous: $11.27-1.8%
Weighted Avg Risk Rating

3

Previous: 3+0.0%
Allowance for Credit Losses

$77.4M

Previous: $64M+20.9%
Credit Loss Expense

$11.3M

Previous: $4.6M+145.2%
Non-Mark-to-Market Borrowings

82.0%

Previous: 77.0%+6.5%
Q4 Loan Commitments

$927M

No prior period
Initial Unpaid Principal

$843M

No prior period
Unfunded Loan Commitments

$174M

No prior period
Weighted Avg LTV

64.2%

Previous: 59.6%+7.7%
Net Income

$200K

Previous: $6.9M-97.1%
Operating Income

$189K

Previous: $0.00

Revenue & EPS history

TRTX · Revenue · Quarterly

$35M

Q4 2025-55.5%vs Q4 2024
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

The release discusses TPG RE Finance Trust's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • TPG RE Finance Trust cites operational execution and demand trends supporting the outlook.
  • Balance sheet and capital actions aim to fund growth and shareholder returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

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 Q4 2025

Historical avgQ4 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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