TRTX
Bargain BinTPG RE Finance Trust, Inc. · Real Estate · United States · $482M cap · $11.3M/day traded
$6.64 +1.4% · close 11 Nov · scored 11 Nov
Score down 1.1 since 10 Nov.
Bargain Bin: Looks like a bargain; the quality and the trend say why it is in the bin.
After its 27 Oct results, analysts cut next year's EPS estimate 0.8%.
As of 11 Nov 2026, the MoatMap Score for TPG RE Finance Trust, Inc. (TRTX) is 40/100, ranked against 25,000+ stocks in 38 markets (Quality 37, Value 54, Momentum 42, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT TPG RE FINANCE TRUST, INC.
Read
TPG RE Finance Trust, Inc. is a commercial real estate finance company that originates and acquires first mortgage loans and other debt instruments secured by transitional commercial real estate assets. As a REIT, it focuses on senior floating-rate commercial mortgage loans, leveraging its deep industry expertise and access to capital markets. Its affiliation with TPG provides a strong sponsorship and robust deal sourcing capabilities.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 156.3M | 122.1M | 151.2M | 151.3M | -1.1% | 119.2M | 151.5M | 171.0M | 6.3% |
| EPS | -0.95 | -1.69 | 0.75 | 0.57 | -24.0% | 0.39 | 0.54 | 0.65 | 6.8% |
| Shares | 77.4M | 77.9M | 81.0M | 78.3M | +1.2% | 75.8M | — | — | — |
| Debt | 4.2B | 3.0B | 2.6B | 3.3B | -7.5% | 4.2B | — | — | — |
| Equity | 1.3B | 1.1B | 1.1B | 1.1B | -6.9% | — | — | — | — |
| Op CF | 100.5M | 80.1M | 112.1M | 90.4M | -3.5% | 85.2M | — | — | — |
| Inv CF | -452.6M | 1.1B | 440.5M | -789.7M | — | — | — | — | — |
| Fin CF | 345.3M | -1.2B | -569.2M | 597.1M | — | — | — | — | — |
No new 52-week low for 3 weeks, 17% above that low, but not back above a rising 50-day average.
Calmer than 84% of stocks we rank over the past year (volatility 24% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of TRTX are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| TRTX | TPG RE Finance Trust, Inc.(you) | $482M | 40 |
| FBRT | Franklin BSP Realty Trust, Inc. | $518M | 32 |
| NREF | NexPoint Real Estate Finance, Inc. | $360M | 47 |
| BRSP | BrightSpire Capital, Inc. | $463M | 25 |
| ADAM | Adamas Trust, Inc. | $702M | 31 |
| LADR | Ladder Capital Corp | $1.2B | 42 |
| MFA | MFA Financial, Inc. | $673M | 22 |
| EFC | Ellington Financial Inc. | $1.5B | 38 |
| PMT | PennyMac Mortgage Investment Trust | $849M | 25 |
| SEVN | Seven Hills Realty Trust | $140M | 42 |
Peer medians: ROE 4.2% · P/E 24.0x · Gross margin 65.4%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.