TPG RE Finance Trust is a commercial real estate finance company sponsored by the alternative asset firm TPG. It originates and holds large first-mortgage loans—typically above $50 million—on transitional properties across major U.S. markets and asset types. As a balance-sheet lender, it structures flexible debt for owners needing capital during lease-up, repositioning or other transitional phases.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 42.6 | — | 16.9 | -24.9% |
| Q3 2025 | 37.2 | — | 18.4 | -18.6% |
| Q4 2025 | 34.9 | — | 0.2 | -97.7% |
| Q1 2026 | 36.8 | — | 15.2 | -22% |
| Q2 2026 | 33.8 | -20.7% | 9.3 | -44.6% |
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