TPG RE Finance Trust profit margin TRTX
Gross, operating and net profit as a share of revenue over the last twelve months, from 2016.
- Net margin, 12 months
- 40.2%
- Net margin on a year earlier
- −5.1 pts
- Peer median
- 19.9%
Over the twelve months to Jun 30, 2026, TPG RE Finance Trust kept 40.2% of its revenue as net profit.
Five years earlier its net margin was 70.3%.
The median for 10 specialty REITs of a similar size is 19.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin |
|---|---|
| FY2025 | 41.3% |
| FY2024 | 48.5% |
| FY2023 | n/a |
| FY2022 | −41.4% |
| FY2021 | 89.0% |
| FY2020 | −77.3% |
| FY2019 | 75.8% |
| FY2018 | 75.9% |
| FY2017 | 77.1% |
| FY2016 | 75.7% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 40.2% | −5.1 pts | |
| Q1 FY26 | 44.8% | −2.4 pts | |
| Q4 FY25 | 41.3% | −7.3 pts | |
| Q3 FY25 | 46.0% | −0.8 pts | |
| Q2 FY25 | 45.4% | +55.2 pts | |
| Q1 FY25 | 47.2% | +129.6 pts | |
| Q4 FY24 | 48.5% | n/a | |
| Q3 FY24 | 46.7% | +118.5 pts | |
| Q2 FY24 | −9.8% | n/a | |
| Q1 FY24 | −82.5% | −24.4 pts | |
| Q4 FY23 | n/a | n/a | |
| Q3 FY23 | −71.8% | −37.0 pts |
Against its peers
Companies in REIT - Specialty nearest TPG RE Finance Trust's size, closest first, today.
| Company | Profit margin |
|---|---|
| TRTXTPG RE Finance Trust | 40.2% |
| OLPOne Liberty Properties | n/m |
| FBRTFranklin BSP Realty Trust | 20.5% |
| FPIFarmland Partners | 49.8% |
| UHTUniversal Health Realty Income Trust | 19.4% |
| ABRArbor Realty Trust | 12.0% |
| TCITranscontinental Realty Investors | 16.1% |
| XRNChiron Real Estate | 37.8% |
| IVRInvesco Mortgage Capital | n/m |
| PMTPennyMac Mortgage Investment Trust | 47.8% |
| CHCTCommunity Healthcare Trust | 16.8% |
| Peer median | 19.9% |
Where TPG RE Finance Trust ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on TPG RE Finance Trust
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.