TPG RE Finance Trust, Inc.
TRTX Real Estate Reit Mortgage
TPG RE Finance Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $146.1 million, down 4.57% from fiscal 2024. In the quarter to June 2026, revenue fell 6.05%, EPS fell 42.9%, free cash flow fell 70.5% and total debt rose 15.1%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
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TPG RE Finance Trust, Inc. (TRTX) EV/Sales
As of 16 October 2026, TPG RE Finance Trust, Inc. (TRTX) trades at a EV/Sales of 26.5×. Over the past ten years it has ranged from 18.2× (October 2024) to 37.1× (September 2019); the current reading is higher than 61% of that period. That is above the Reit Mortgage industry median of 15.9× and above the Real Estate sector median of 7.6×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 26.1× | 39.42% |
| FY2024 | 18.8× | (22.49%) |
| FY2023 | 24.2× | (2.13%) |
| FY2022 | 24.7× | (12.47%) |
| FY2021 | 28.2× | 28.71% |
| FY2020 | 21.9× | (35.25%) |
| FY2019 | 33.9× | 12.88% |
| FY2018 | 30.0× | 31.92% |
| FY2017 | 22.8× | 6.30% |
| FY2016 | 21.4× | 0.00% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 27.9× | 6.74% |
| Mar 2026 | 26.1× | (0.12%) |
| Dec 2025 | 26.1× | 13.39% |
| Sep 2025 | 23.1× | (0.73%) |
| 36 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| ABR Arbor Realty Trust compare | 4.4× |
| BRSP BrightSpire Capital, Inc. compare | 12.9× |
| FBRT Franklin BSP Realty Trust, Inc. compare | 14.7× |
| MFA MFA Financial, Inc. compare | 15.7× |
| PMT PennyMac Mortgage Investment Trust compare | 16.9× |
| RWT Redwood Trust, Inc. compare | 21.1× |
| IVR INVESCO MORTGAGE CAPITAL INC compare | 22.9× |
| TRTX TPG RE Finance Trust, Inc. | 26.5× |
| KREF KKR Real Estate Finance Trust compare | 38.4× |
| Reit Mortgage industry median | 15.9× |
| Real Estate sector median | 7.6× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)