profit from every $100 of sales.
$0$100
TPG RE Finance
$6.64+1.37% today
-26.8% in 1 year
1-year low $5.641-year high $9.31
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $8.35 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What TPG RE Finance sold, what it kept, and what it did with the cash.
Sales went from $156 million in 2022 to $151 million in 2025, with $60.3 million of profit last year.
SalesProfit
TPG RE Finance handed back more cash to shareholders than it generated last year.
$91M
Free cash flow 2025$84M
Bought back its own shares$25M
Paid as dividends$91M
Cash vs. debt$88M vs. $3.3B
TPG RE Finance vs. similar companies
TPG RE Finance grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| TPG RE Finance | 8.3× · Cheap | ||
 Annaly Capital Management | 7.1× · Cheap | ||
 AGNC Investment | 6.5× · Cheap | ||
 Rithm Capital | 7.5× · Cheap | ||
 Starwood Property | 10.7× · Cheap |
AI analysis
An AI analyst reads TPG RE Finance's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 156 | 122 | 151 | 151 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| -60 | -117 | 74 | 60 | |
| -0.95 | -1.69 | 0.75 | 0.57 | |
| – | – | – | – | |
| – | – | – | – | |
| -38.4% | -95.5% | 49.2% | 39.9% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 5,545 | 4,214 | 3,731 | 4,406 |
| Cash | 254 | 206 | 190 | 88 |
| Total debt | 4,161 | 3,039 | 2,569 | 3,289 |
| Total liabilities | 4,223 | 3,090 | 2,617 | 3,338 |
| 1,322 | 1,125 | 1,114 | 1,068 | |
| 77 | 78 | 80 | 79 | |
| – | – | – | – | |
| -4.5% | -10.4% | 6.7% | 5.6% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 100 | 80 | 112 | 90 | |
| 5 | 5 | 5 | 6 | |
| 95 | 75 | 107 | 84 | |
| Dividends paid | 93 | 88 | 90 | 91 |
| 0 | 0 | 0 | 25 | |
| 5 | 8 | 6 | 10 |
Valuation
- 8.3×
- 6.3×
- –
- 0.6×
- 3.3×
- 6.0×
- –
- 16.7%
- 12.0%
- 11.4%
Profitability
- 80.5%
- 75.0%
- 39.9%
- 80.5%
- 5.7%
- 0.4%
- 6.1%
- 1.5%
- 5.7%
- –
Growth
- −1.1%
- –
- −21.1%
- −10.2%
- +0.7%
Financial health
- 12.0×
- 3.17
- 75.2%
- 1.3×
- 5.24
- 5.24
- 0.08
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 33%of 746
Top 9%of 752
Top 18%of 666
Bottom 17%of 762
Top 9%of 763
What analysts expect
- Average price target
- $10.00
- Range
- $10.00 – $10.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 28, 2026 | 0.25 | 0.25 | +0.0% |
| Feb 17, 2026 | 0.24 | 0.27 | −11.1% |
| Oct 28, 2025 | 0.25 | 0.26 | −3.8% |
| Jul 29, 2025 | 0.24 | 0.24 | +0.0% |
| Apr 29, 2025 | 0.24 | 0.26 | −7.7% |
| Feb 18, 2025 | 0.10 | 0.26 | −61.5% |
| Oct 29, 2024 | 0.28 | 0.27 | +3.7% |
| Jul 30, 2024 | 0.28 | 0.25 | +12.0% |
11.4%of the share price, paid each year
On $1,000 invested$114a year at today's yield, before tax
−10.2%2020 to 2025
Raised–not every year
Paid per share, each year
$0.71 in 2017 → $0.96 in 2025
How safe it looks
151.0% of its profit
Room to growStretchedMore than it earns: 108.2%
News
Portman Ridge Finance declares $0.09 dividendSeeking Alpha · Nov 12, 2026Bain Capital Specialty Finance signals $0.01 per share quarterly uplift per 100 bp rate increase while reviewing 2027 dividend levelSeeking Alpha · Nov 10, 2026Securitize to Acquire River One, Expanding Into $6 Trillion Asset-Backed Finance MarketYahoo Finance · Nov 9, 2026Binance names new finance chief after $6.3 billion crypto theftSeeking Alpha · Nov 8, 2026Willis Lease Finance GAAP EPS of $0.47 misses by $0.34, revenue of $246.3M beats by $75.87MSeeking Alpha · Nov 3, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
52No pass
Benjamin Graham
37No pass
Philip Fisher
46No pass
Peter Lynch
38No pass
Joel Greenblatt
32No pass
Charlie Munger
53No pass
Terry Smith
54No pass
Questions about TPG RE Finance
Is TPG RE Finance a good stock to buy?
A business with weak numbers, and the price looks low. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the TPG RE Finance AI analysis
What does TPG RE Finance do?
TPG RE Finance Trust, Inc., a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It is in REIT - Mortgage.
Does TPG RE Finance pay a dividend?
Yes. At today's price the dividend is 11.4% a year, about 151% of its yearly profit. In 2025 it paid out $91.1 million in dividends.
Is TPG RE Finance stock halal?
No. TPG RE Finance does not pass our halal screen: its main business, mortgage lending, is not permitted. How we check
How has TPG RE Finance stock done over the past year?
Down 26.8% over the past twelve months, to $6.64. It traded between $5.64 and $9.31 and is 28.7% below its high.
Who are TPG RE Finance's competitors?
The largest listed companies in the same industry are Annaly Capital Management, AGNC Investment, Rithm Capital and Starwood Property. The peers table on this page compares their profit, growth and price with TPG RE Finance's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.