TPG RE Finance Trust, Inc. (TRTX) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 4.47B | 4.41B | 4.06B | 4.16B | 3.96B | 3.73B | 3.66B | 3.7B | 3.83B | 4.21B | 4.46B | 4.98B | 5.38B | 5.55B | 5.66B | 5.4B | 5.52B | 5.22B | 5.2B | 5.2B |
| Asset Growth % | 12.88% | 18.08% | 11.01% | 12.6% | 3.46% | -11.46% | -17.85% | -25.83% | -28.87% | -24% | -21.3% | -7.62% | -2.38% | 6.27% | 8.9% | 3.69% | 4.66% | 6.3% | 0.94% | -1.76% |
| Real Estate & Other Assets | 0 | 4.27B | 0 | 32.19M | 38.5M | 0 | 0 | 44.76M | 72.51M | 77.62M | 26M | 27.85M | 0 | 6.2M | 983K | 1.53M | 1.84M | 2.14M | 1.76M | 2.79M |
| PP&E (Net) | 0 | 0 | 0 | 223.24M | 254.44M | 0 | 0 | 169.12M | 169.27M | 174.06M | 111.96M | 38.45M | 0 | 0 | 0 | 0 | 60.62M | 60.62M | 99.2M | 99.2M |
| Investment Securities | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 165.34M | 117.41M | 0 | 3.91B | 3.67B | 0 | 0 | 3.48B | 3.59B | 3.96B | 4.32B | 4.92B | 161.52M | 5.54B | 5.66B | 5.39B | 5.45B | 5.16B | 5.1B | 5.1B |
| Cash & Equivalents | 91.98M | 87.61M | 93.59M | 165.85M | 363.02M | 190.16M | 226.32M | 259.24M | 203.08M | 206.38M | 302.26M | 307.44M | 161.52M | 254.05M | 236.09M | 355.99M | 351.57M | 260.63M | 269.26M | 239.74M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 654K | -198.23M | 33.06M | 99.16M | -217.81M | -257.57M | 88.93M | 88.24M | 346.57M | 278.25M | 312.63M | -132.84M | 503.49M | 335.3M | 420.31M | 31.54M | 27.42M | 131.48M | 87.31M |
| Intangible Assets | 0 | 12.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 3.41B | 3.34B | 2.98B | 3.07B | 2.86B | 2.62B | 2.54B | 2.57B | 2.71B | 3.09B | 3.32B | 3.76B | 4.07B | 4.22B | 4.36B | 3.95B | 4.05B | 3.75B | 3.76B | 3.77B |
| Total Debt | 0 | 3.29B | 2.93B | 3.02B | 2.81B | 2.57B | 2.49B | 2.52B | 2.66B | 3.04B | 3.25B | 3.69B | 4.01B | 4.16B | 4.3B | 3.9B | 4B | 3.71B | 3.71B | 3.73B |
| Net Debt | -91.98M | 3.2B | 2.84B | 2.86B | 2.45B | 2.38B | 2.26B | 2.26B | 2.45B | 2.83B | 2.94B | 3.39B | 3.85B | 3.91B | 4.06B | 3.54B | 3.65B | 3.45B | 3.45B | 3.49B |
| Long-Term Debt | 0 | 2.63B | 2.93B | 3.02B | 2.81B | 2.57B | 2.49B | 2.52B | 2.66B | 3.04B | 3.25B | 3.69B | 4.01B | 4.16B | 4.3B | 3.9B | 4B | 3.71B | 3.71B | 3.73B |
| Short-Term Borrowings | 0 | 660.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 1.32M | 660.3M | 0 | 36.98M | 45.13M | 0 | 0 | 41.51M | 50.14M | 48.89M | 73.42M | 69.27M | 0 | 61.17M | 56.58M | 51.75M | 41.33M | 44.04M | 39.75M | 34.88M |
| Accounts Payable | 0 | 0 | 6.04M | 0 | 0 | 6.66M | 6.64M | 0 | 0 | 0 | 0 | 0 | 10.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 1.32M | 1.94M | 1.8M | 0 | 0 | 1.74M | 1.18M | 0 | 0 | 0 | 0 | 0 | 2.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 3.41B | 47.26M | -2.94B | 10.53M | 1.15M | -2.57B | -2.49B | 7.19M | 964K | 1.28M | 1M | 1.79M | -4.01B | 1.46M | 1.66M | 1.1M | 2.24M | 1.38M | 934K | 1.76M |
| Total Equity | 1.06B | 1.07B | 1.08B | 1.09B | 1.1B | 1.11B | 1.12B | 1.12B | 1.12B | 1.12B | 1.14B | 1.22B | 1.31B | 1.32B | 1.31B | 1.44B | 1.47B | 1.46B | 1.45B | 1.44B |
| Equity Growth % | -3.75% | -4.13% | -3.74% | -2.97% | -1.55% | -0.96% | -1.13% | -7.82% | -14.37% | -14.92% | -12.93% | -15.42% | -10.82% | -9.74% | -9.62% | 0.33% | -0.7% | -0.12% | -2.73% | -2.1% |
| Shareholders Equity | 1.06B | 1.07B | 1.08B | 1.09B | 1.1B | 1.11B | 1.12B | 1.12B | 1.12B | 1.12B | 1.14B | 1.22B | 1.31B | 1.32B | 1.31B | 1.44B | 1.47B | 1.46B | 1.45B | 1.44B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 78K | 78K | 78K | 79K | 81K | 81K | 81K | 81K | 78K | 77K | 77K | 77K | 77K | 77K | 77K | 77K | 77K | 77K | 77K | 77K |
| Additional Paid-in Capital | 0 | 1.74B | 1.74B | 1.73B | 1.73B | 1.73B | 1.73B | 1.73B | 1.73B | 1.72B | 1.72B | 1.72B | 1.72B | 1.72B | 1.72B | 1.71B | 1.71B | 1.71B | 1.71B | 1.71B |
| Retained Earnings | -680.58M | -672.65M | -653.74M | -644.21M | -629.74M | -617.22M | -604.78M | -604.06M | -605.83M | -600.27M | -584.34M | -501.06M | -409.77M | -395.03M | -409.1M | -272.64M | -245.33M | -247.26M | -264.84M | -271.87M |
| Preferred Stock | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K |
| Return on Assets (ROA) | 0.34% | 0.09% | 0.53% | 0.51% | 0.36% | 0.29% | 0.6% | 0.66% | 0.42% | 0.15% | -1.3% | -1.33% | 0.14% | 0.65% | -2.07% | -0.1% | 0.44% | 0.86% | 0.56% | 0.62% |
| Return on Equity (ROE) | 1.42% | 0.37% | 1.99% | 1.88% | 1.24% | 0.95% | 1.97% | 2.2% | 1.49% | 0.56% | -5.19% | -5.47% | 0.56% | 2.75% | -8.34% | -0.37% | 1.62% | 3.08% | 2.03% | 2.22% |
| Debt / Assets | - | 74.64% | 72.16% | 72.65% | 70.98% | 68.84% | 67.96% | 68.27% | 69.39% | 72.12% | 72.81% | 74.1% | 74.47% | 75.03% | 75.91% | 72.29% | 72.59% | 71.06% | 71.43% | 71.67% |
| Debt / Equity | - | 3.08x | 2.71x | 2.77x | 2.55x | 2.31x | 2.21x | 2.24x | 2.37x | 2.70x | 2.85x | 3.03x | 3.06x | 3.15x | 3.29x | 2.70x | 2.73x | 2.53x | 2.57x | 2.59x |
| Net Debt / EBITDA | - | 480.98x | 38.57x | 44.77x | 40.66x | 226.00x | 861.44x | 28.33x | - | 377.08x | 259.70x | 1230.69x | - | 76.22x | 97.28x | 93.46x | 162.30x | 91.70x | 164.24x | 158.49x |
| Book Value per Share | 13.43 | 13.64 | 13.74 | 13.60 | 13.50 | 14.00 | 13.82 | 14.44 | 14.39 | 14.47 | 14.63 | 15.75 | 16.76 | 17.25 | 16.88 | 18.68 | 17.95 | 17.86 | 17.62 | 18.69 |