TPG RE Finance Trust, Inc. income statement
In fiscal 2025, TPG RE Finance Trust, Inc. reported revenue of $146m, down 4.6% on the year before and net income of $60.3m, or $0.57 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 81 | 92 | 122 | 141 | 167 | 177 | 156 | 145 | 116 | 153 | 146 | 142 |
| General and administrative | 1 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Interest expense | 48 | 62 | 78 | 126 | 175 | 107 | 85 | 161 | 274 | — | — | — |
| Net interest income | 81 | 92 | 121 | 140 | 165 | 176 | 155 | 142 | 89 | 108 | 104 | 102 |
| Non-interest income | 0 | 0 | 2 | 1 | 2 | 1 | 1 | 3 | 28 | 45 | 42 | 41 |
| Provision for credit losses | — | — | — | — | — | 70 | −6 | 173 | 190 | 4 | 14 | 23 |
| Income before tax | 61 | 70 | 94 | 107 | 127 | −137 | 140 | −60 | −116 | 75 | 61 | 46 |
| Income tax | 2 | −0 | 0 | 0 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 0 |
| Net income | 59 | 70 | 94 | 107 | 126 | −137 | 139 | −60 | −117 | 74 | 60 | 45 |
| Diluted EPS | $1.81 | $1.69 | $1.74 | $1.70 | $1.73 | −$2.03 | $0.87 | −$0.95 | −$1.69 | $0.75 | $0.57 | $0.58 |
| Diluted shares (average) | 33m | 41m | 54m | 63m | 73m | 77m | 82m | 77m | 78m | 80m | 79m | 78m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 35 | 37 | 36 | 38 | 35 | 37 | 34 | 36 |
| General and administrative | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net interest income | 25 | 25 | 25 | 28 | 25 | 26 | 24 | 27 |
| Non-interest income | 10 | 12 | 11 | 10 | 10 | 12 | 10 | 9 |
| Provision for credit losses | 5 | 3 | 2 | −3 | 11 | −0 | 4 | 9 |
| Income before tax | 11 | 14 | 21 | 22 | 4 | 19 | 13 | 9 |
| Income tax | −0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 11 | 14 | 21 | 22 | 4 | 19 | 13 | 9 |
| Diluted EPS | $0.09 | $0.12 | $0.21 | $0.23 | $0.01 | $0.19 | $0.12 | $0.08 |
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