TPG RE Finance Trust, Inc. (TRTX)

Altus Power Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	285.56	307.15	362.55	302.86	240.16	283.67
Total Interest Expense	181.55	198.85	273.86	160.76	85.09	107.24
Net Interest Income	104.01	108.29	88.69	142.11	155.07	176.44
Other Revenue	44.11	44.82	27.7	2.85	0.56	0.54
Revenue Before Loan Losses	148.12	153.12	116.39	144.95	155.63	176.97
Provision for Loan Losses	9.53	4.15	189.91	172.98	-6.31	69.76
Revenue	138.59	148.97	-73.52	-28.03	161.94	107.22
Revenue Growth (YoY)	216.02%	-	-	-	51.04%	-35.69%
Cost of Services Provided	71.2	67.85	41.85	39.75	32.35	34.57
Total Operating Expenses	78.24	74.23	49.88	44.8	38.12	40.34
Operating Income	60.35	74.73	-123.4	-72.83	123.82	66.88
EBT Excluding Unusual Items	60.35	74.73	-123.4	-72.83	123.82	66.88
Gain (Loss) on Sale of Investments	-	-	-	-	-	-203.4
Pretax Income	67.32	74.73	-116.37	-59.54	139.61	-136.52
Income Tax Expense	0.09	0.4	0.26	0.53	1.06	0.31
Net Income	67.23	74.34	-116.63	-60.07	138.55	-136.83
Preferred Dividends & Other Adjustments	14.8	14.67	14.28	13.58	67.85	18.71
Net Income to Common	52.43	59.67	-130.91	-73.64	70.71	-155.53
Shares Outstanding (Basic)	81	80	78	77	77	77
Shares Outstanding (Diluted)	81	80	78	77	82	77
Shares Change (YoY)	3.04%	2.98%	0.36%	-5.37%	6.56%	5.38%
EPS (Basic)	0.65	0.75	-1.69	-0.95	0.92	-2.03
EPS (Diluted)	0.65	0.75	-1.69	-0.95	0.87	-2.03
Free Cash Flow	93.07	112.13	80.13	100.5	132.17	132.09
Free Cash Flow Per Share	1.16	1.40	1.03	1.30	1.62	1.72
Dividend Per Share	0.960	0.960	0.960	0.960	0.880	1.030
Dividend Growth	-	-	-	9.09%	-14.56%	-40.12%
Operating Margin	43.55%	50.17%	-	-	76.46%	62.37%
Profit Margin	37.83%	40.05%	-	-	43.66%	-145.06%
Free Cash Flow Margin	67.15%	75.27%	-	-	81.61%	123.19%
Effective Tax Rate	0.14%	0.53%	-	-	0.76%	-

Updated Jul 29, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q