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TPG RE Finance Trust, Inc. balance sheet

At the end of fiscal 2025, TPG RE Finance Trust, Inc. had total assets of $4.41bn, total liabilities of $3.34bn and shareholders' equity of $1.07bn. It held $87.6m in cash against $3.31bn of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash and equivalents1051037540793202612542061908871
Total assets—2,6663,3554,5275,8934,9095,2185,5454,2143,7314,4065,243
Long-term debt——————3,7224,1793,0482,5723,309—
Total debt05412,1251,5101,8061,8263,7224,1793,0482,5723,3094,198
Total liabilities—1,6952,1543,2004,3893,4423,7534,2233,0902,6173,3384,219
Shareholders' equity7169711,2011,3271,5041,2671,4651,3221,1251,1141,0681,024
Non-controlling interests and other (assets − liabilities − equity)—————200——————
Shares outstanding—47m59m66m75m77m77m77m78m81m78m76m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from TPG RE Finance Trust, Inc.'s SEC filings (10-K and 10-Q), retrieved October 31, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to TPG RE Finance Trust, Inc.