TRTX
TPG RE Finance Trust, Inc.
NYSEUSDEQUITY
Real Estate
DELAYED
Sell
-54/100
Last price
6.05
▲ 0.03 (0.50%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
6.02
Prev close
6.02
Day high
6.15
Day low
6.03
Volume
764.27K
Market cap
$464.45M
P/E (TTM)
11.00
52W range
6.02 – 9.37
Day trading desk
Gap from prior close
+0.00%
Prior close 6.02
VWAP
6.06
-0.17% from price
Relative volume
1.74×
Unusually busy
Session range
2.49%
6.02 – 6.17
Position in range
20%
Near session low
ATR (14D)
0.21
3.54% of price
Prior day high
6.19
PDH
Prior day low
6.01
PDL
Bid / ask spread
—
Quote not published
Session volume
1.57M
Avg 900.09K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-4.57%
-6.5%
1M
-23.32%
-24.5%
3M
-27.72%
-32.2%
6M
-21.63%
-39.8%
YTD
-29.73%
-44.0%
1Y
-30.62%
-47.0%
3Y
-10.10%
-92.4%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on TRTX open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
2.73M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 24, 26 | SILVERSTEIN WENDY A Director |
STOCK | 1.11K | $9.38K | Direct |
| Jul 24, 26 | SCHUSTER TODD Director |
STOCK | 152 | $1.29K | Direct |
| Jul 24, 26 | SMITH MICHAEL BRADLEY Director |
STOCK | 1.11K | $9.38K | Direct |
| Jul 24, 26 | GILLMORE MICHAEL Director |
STOCK | 1.11K | $9.38K | Direct |
| Apr 24, 26 | SILVERSTEIN WENDY A Director |
STOCK | 1.20K | $9.09K | Direct |
| Apr 24, 26 | SCHUSTER TODD Director |
STOCK | 164 | $1.25K | Direct |
| Apr 24, 26 | SMITH MICHAEL BRADLEY Director |
STOCK | 1.20K | $9.09K | Direct |
| Apr 24, 26 | GILLMORE MICHAEL Director |
STOCK | 1.20K | $9.09K | Direct |
| Jan 23, 26 | SILVERSTEIN WENDY A Director |
STOCK | 1.01K | $8.85K | Direct |
| Jan 23, 26 | SCHUSTER TODD Director |
STOCK | 138 | $1.21K | Direct |
| Jan 23, 26 | SMITH MICHAEL BRADLEY Director |
STOCK | 1.01K | $8.85K | Direct |
| Jan 23, 26 | GILLMORE MICHAEL Director |
STOCK | 1.01K | $8.85K | Direct |
| Dec 24, 25 | SILVERSTEIN WENDY A Director |
STOCK | 13.01K | $0 | Direct |
| Dec 24, 25 | SCHUSTER TODD Director |
STOCK | 13.01K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BANYASZ AVI |
Director | 196.98K | Stock Award(Grant) |
BOUQUARD DOUG |
Chief Executive Officer | 1.29M | Stock Award(Grant) |
COLEMAN MATTHEW J |
President | 370.15K | Stock Award(Grant) |
FOLEY ROBERT R |
Chief Financial Officer | 489.77K | Stock Award(Grant) |
FOX BRANDON C |
Chief Financial Officer | 96.59K | Stock Award(Grant) |
GILLMORE MICHAEL |
Director | 99.20K | Stock Award(Grant) |
SCHUSTER TODD |
Director | 63.98K | Stock Award(Grant) |
SILVERSTEIN WENDY A |
Director | 98.70K | Stock Award(Grant) |
SMITH MICHAEL BRADLEY |
Director | 98.70K | Stock Award(Grant) |
WHITE GREGORY A |
Director | 78.34K | Stock Award(Grant) |
Fundamentals
Market cap$464.45M
Enterprise value$3.90B
Revenue (TTM)$132.25M
Gross profit$101.39M
EBITDA—
Net income$43.16M
EPS (TTM)$0.55
Free cash flow—
Total cash$65.58M
Total debt$3.51B
Book value / share$13.57
Shares outstanding76.77M
Float66.91M
Short % of float6.95%
Dividend yield15.87%
Beta (5Y)1.53
Valuation & profitability ratios
Trailing P/E11.00
Forward P/E5.49
PEG ratio—
Price / sales—
Price / book0.45
EV / revenue29.52
EV / EBITDA—
Gross margin76.66%
Operating margin43.46%
Profit margin43.89%
Return on equity5.44%
Return on assets1.33%
Debt / equity335.58
Current ratio112.97
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $151.27M | $151.19M | $122.07M | $156.27M | +0.1% |
| Operating revenue | $151.27M | $151.19M | $122.07M | $156.27M | +0.1% |
| Selling, general & admin | $14.08M | $10.65M | $11.87M | $9.45M | +32.2% |
| Pre-tax income | $60.70M | $74.73M | -$116.37M | -$59.54M | -18.8% |
| Tax provision | $378.00K | $399.00K | $259.00K | $530.00K | -5.3% |
| Net income | $60.32M | $74.33M | -$116.63M | -$60.07M | -18.9% |
| Net income to common | $45.48M | $59.67M | -$130.91M | -$73.64M | -23.8% |
| Basic EPS | 0.57 | 0.75 | -1.69 | -0.95 | -24.0% |
| Diluted EPS | 0.57 | 0.75 | -1.69 | -0.95 | -24.0% |
| Basic shares | 79.30M | 79.80M | 77.58M | 77.30M | -0.6% |
| Diluted shares | 79.45M | 79.89M | 77.58M | 77.30M | -0.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $87.61M | $190.16M | $206.38M | $254.05M | -53.9% |
| Accounts receivable | $29.15M | $27.65M | $98.70M | $206.06M | +5.4% |
| Total assets | $4.41B | $3.73B | $4.21B | $5.55B | +18.1% |
| Long-term debt | $3.29B | $2.57B | $3.04B | $4.16B | +28.0% |
| Total debt | $3.29B | $2.57B | $3.04B | $4.16B | +28.0% |
| Total liabilities | $3.34B | $2.62B | $3.09B | $4.22B | +27.5% |
| Retained earnings | -$672.65M | -$617.22M | -$600.27M | -$395.03M | -9.0% |
| Shareholder equity | $1.07B | $1.11B | $1.12B | $1.32B | -4.1% |
| Net tangible assets | $1.07B | $1.11B | $1.12B | $1.32B | -4.1% |
| Shares issued | 78.32M | 81.00M | 77.87M | 77.41M | -3.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $60.32M | $74.33M | -$116.63M | -$60.07M | -18.9% |
| Depreciation & amortisation | $12.63M | $15.73M | $3.05M | $0 | -19.7% |
| Stock-based compensation | $9.81M | $6.39M | $8.03M | $5.05M | +53.5% |
| Change in working capital | -$405.00K | $8.80M | $849.00K | -$9.42M | -104.6% |
| Operating cash flow | $90.36M | $112.13M | $80.13M | $100.50M | -19.4% |
| Capital expenditure | -$6.14M | -$5.32M | -$5.36M | -$5.06M | -15.3% |
| Investing cash flow | -$789.71M | $440.51M | $1.10B | -$452.56M | -279.3% |
| Share buybacks | -$25.35M | -$37.00K | $0 | $0 | -68,410.8% |
| Dividends paid | -$91.09M | -$90.44M | -$88.42M | -$92.88M | -0.7% |
| Financing cash flow | $597.13M | -$569.18M | -$1.22B | $345.34M | +204.9% |
| Free cash flow | $84.22M | $106.81M | $74.76M | $95.44M | -21.1% |
| End cash position | $88.27M | $190.48M | $207.02M | $254.31M | -53.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $33.76M | $36.78M | $34.89M | $37.19M | $42.58M | — | -8.2% |
| Operating revenue | $33.76M | $36.78M | $34.89M | $37.19M | $42.58M | — | -8.2% |
| Selling, general & admin | $3.03M | $2.97M | $5.58M | $2.39M | $2.99M | — | +2.3% |
| Pre-tax income | $13.23M | $19.05M | $4.06M | $22.10M | $20.76M | — | -30.5% |
| Tax provision | $101.00K | $112.00K | $85.00K | $109.00K | $128.00K | — | -9.8% |
| Net income | $13.13M | $18.94M | $3.98M | $21.99M | $20.63M | — | -30.7% |
| Net income to common | $9.35M | $15.17M | $189.00K | $18.45M | $16.88M | — | -38.3% |
| Basic EPS | 0.12 | 0.19 | — | 0.23 | 0.21 | 0.12 | -36.8% |
| Diluted EPS | 0.12 | 0.19 | — | 0.23 | 0.21 | 0.12 | -36.8% |
| Basic shares | 77.04M | 78.25M | — | 78.52M | 79.47M | 80.98M | -1.5% |
| Diluted shares | 78.03M | 79.06M | — | 78.81M | 80.21M | 81.77M | -1.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $65.58M | $91.98M | $87.61M | $93.59M | $165.85M | -28.7% |
| Accounts receivable | $29.10M | $73.36M | $29.15M | $104.64M | $30.71M | -60.3% |
| Total assets | $4.60B | $4.47B | $4.41B | $4.06B | $4.16B | +2.8% |
| Long-term debt | $3.51B | $3.36B | $3.29B | $2.93B | $3.02B | +4.2% |
| Total debt | $3.51B | $3.36B | $3.29B | $2.93B | $3.02B | +4.2% |
| Total liabilities | $3.55B | $3.41B | $3.34B | $2.98B | $3.07B | +4.2% |
| Retained earnings | -$700.28M | -$680.58M | -$672.65M | -$653.74M | -$644.21M | -2.9% |
| Shareholder equity | $1.04B | $1.06B | $1.07B | $1.08B | $1.09B | -1.7% |
| Net tangible assets | $1.04B | $1.06B | $1.07B | $1.08B | $1.09B | -1.7% |
| Shares issued | 76.99M | 77.80M | 78.32M | 78.31M | 79.42M | -1.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $13.13M | $18.94M | $3.98M | $21.99M | $20.63M | -30.7% |
| Depreciation & amortisation | $2.69M | $2.51M | $2.53M | $2.69M | $3.36M | +7.0% |
| Stock-based compensation | $2.08M | $2.06M | $4.40M | $1.39M | $2.00M | +1.2% |
| Change in working capital | -$81.00K | $1.58M | $2.22M | -$1.12M | $3.65M | -105.1% |
| Operating cash flow | $21.56M | $24.57M | $24.66M | $21.84M | $24.73M | -12.3% |
| Capital expenditure | -$2.87M | -$2.10M | -$3.55M | -$1.23M | -$852.00K | -36.5% |
| Investing cash flow | -$154.42M | -$66.24M | -$361.45M | $29.47M | -$465.28M | -133.1% |
| Share buybacks | -$10.88M | -$4.20M | -$387.00K | -$9.28M | -$12.90M | -159.4% |
| Dividends paid | -$22.39M | -$22.49M | -$22.27M | -$22.63M | -$23.07M | +0.5% |
| Financing cash flow | $106.61M | $45.85M | $330.60M | -$123.28M | $243.53M | +132.5% |
| Free cash flow | $18.69M | $22.47M | $21.11M | $20.62M | $23.88M | -16.8% |
| End cash position | $66.21M | $92.46M | $88.27M | $94.46M | $166.42M | -28.4% |
Options analytics
Put / call volume
0.16
Call-heavy session
Put / call open interest
0.00
Positioning, not flow
Max pain
1.00
-83.5% from spot
ATM implied vol
711.3%
Nearest strike to spot
Skew (10% OTM)
-686.3%
Calls bid over puts
Call volume
62
Contracts, this expiry
Put volume
10
Contracts, this expiry
Heaviest call OI
10.00
7 contracts
Heaviest put OI
5.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.26 | 0.23 | -9.8% |
| Mar 2026 | 0.25 | 0.25 | -0.7% |
| Dec 2025 | 0.25 | 0.24 | -5.3% |
| Sep 2025 | 0.25 | 0.25 | -1.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.25 | 5 | $26.52M | -6.2% |
| Next quarter | 0.26 | 5 | $27.15M | +6.7% |
| Current year | 0.99 | 5 | $102.77M | -1.0% |
| Next year | 1.10 | 5 | $111.53M | +8.5% |
Analyst targets & ownership
Mean target$9.88
High target$11.00
Low target$8.25
Implied upside63.22%
Analyst count6
ConsensusNONE
Strong buy / Buy2 / 3
Hold0
Sell / Strong sell0 / 1
Held by insiders3.55%
Held by institutions81.50%
Institutions holding223
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
6.35
-4.69% from price
SMA 20
6.84
-11.61% from price
SMA 50
7.49
-19.23% from price
SMA 100
7.98
-24.17% from price
SMA 200
8.26
-26.74% from price
EMA 12
6.46
-6.34% from price
EMA 26
6.90
-12.28% from price
EMA 50
7.33
-17.41% from price
RSI (14)
14.8
Oversold
MACD (12,26,9)
-0.44
Hist -0.07
ATR (14)
0.21
3.54% of price
Realised vol 30D
23.6%
Annualised
Bollinger upper
7.91
20, 2σ
Bollinger lower
5.78
20, 2σ
50 / 200 cross
Death
7.49 vs 8.26
Trend bias
Below 200
-26.74%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.59
Less volatile than market
Correlation to SPY
0.36
Loosely linked
Realised vol 30D
23.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-35.3%
Peak to trough
Max drawdown 5Y
-61.4%
Peak to trough
ATR 14
0.21
3.54% of price
Beta (reported)
1.53
5Y monthly, from filing
Short interest
Shares short
5.18M
Prior 4.49M
Change vs prior
+15.3%
Shorts adding
% of float
6.95%
Normal
% of shares out
6.74%
Against total outstanding
Days to cover
6.8
Crowded exit
Float
66.91M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 17, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Apr 16, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Mar 12, 26 | Citizens | UPGRADE | Market Perform | Market Outperform |
| Feb 19, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Feb 19, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Oct 30, 25 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Sep 17, 25 | JMP Securities | DOWNGRADE | Market Outperform | Market Perform |
| Jul 31, 25 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| May 1, 25 | JP Morgan | MAINTAINED | Overweight | Overweight |
| May 1, 25 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Apr 16, 25 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Jan 21, 25 | JP Morgan | MAINTAINED | Overweight | Overweight |
Dividends & splits
Forward rate$0.96 / yr
Forward yield15.87%
5-year avg yield11.03%
Payout ratio174.55%
Ex-dividend dateSep 28, 2026
Next pay dateOct 23, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-10-06
Corporate Changes & Voting Matters
8-K · 2026-07-28
Corporate Changes & Voting Matters
8-K · 2026-06-01
Corporate Changes & Voting Matters
8-K · 2026-05-21
Corporate Changes & Voting Matters
8-K · 2026-05-15
Corporate Changes & Voting Matters
8-K · 2026-04-28
Proxy Statements
DEF 14A · 2026-04-08
Corporate Changes & Voting Matters
8-K · 2026-03-02
Headlines
TPG RE Finance Trust, Inc. Declares Cash Dividend on Common Stock
Business Wire · 19d ago
TPG RE Finance Trust Prices $1 Billion Collateralized Loan Obligation
MT Newswires · 22d ago
TPG RE Finance Trust, Inc. Announces Pricing of $1.0 Billion Commercial Real Estate CLO
Business Wire · 22d ago
TPG RE Finance Trust, Inc. Declares Cash Dividend on Series C Cumulative Redeemable Preferred Stock
Business Wire · 28d ago
TPG RE Finance Trust Q2 Earnings Call Highlights
MarketBeat · 67d ago
TPG RE Finance Trust Inc (TRTX) Q2 2026 Earnings Call Highlights: Navigating Market Challenges ...
GuruFocus.com · 69d ago
TPG RE Finance Trust (TRTX) Q2 Earnings and Revenues Miss Estimates
Zacks · 70d ago
Here's What Key Metrics Tell Us About TPG RE Finance Trust (TRTX) Q2 Earnings
Zacks · 70d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.