TPG RE Finance Trust Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	87.61	190.16	206.38	254.05	260.64
Loans & Lease Receivables	4,029	3,217	3,410	4,781	4,867
Other Receivables	29.15	27.65	98.7	206.06	26.81
Property, Plant & Equipment	224.39	256.4	174.06	-	60.62
Other Intangible Assets	12.37	19.95	-	-	-
Restricted Cash	0.65	0.32	0.64	0.27	0.4
Other Current Assets	3.98	-	247.23	297.17	0.2
Long-Term Deferred Charges	2.75	1.94	-	-	-
Other Long-Term Assets	16.82	17.98	77.62	6.2	2.14
Total Assets	4,406	3,731	4,214	5,545	5,218
Accrued Expenses	14.77	14.56	27.03	24.9	15.69
Long-Term Debt	3,289	2,569	3,039	4,161	3,708
Long-Term Unearned Revenue	1.94	1.74	1.28	1.46	1.37
Other Current Liabilities	22.27	22.39	21.86	36.27	28.36
Other Long-Term Liabilities	10.22	9.87	-	-	0.01
Total Liabilities	3,338	2,617	3,090	4,223	3,753
Common Stock	0.08	0.08	0.08	0.08	0.08
Additional Paid-In Capital	1,741	1,731	1,725	1,717	1,712
Retained Earnings	-672.65	-617.22	-600.27	-395.03	-247.27
Total Common Equity	1,068	1,114	1,125	1,322	1,465
Shareholders' Equity	1,068	1,114	1,125	1,322	1,465
Total Liabilities & Equity	4,406	3,731	4,214	5,545	5,218
Total Debt	3,289	2,569	3,039	4,161	3,708
Net Cash (Debt)	-3,201	-2,379	-2,833	-3,906	-3,447
Net Cash Per Share	-40.30	-29.77	-36.52	-50.54	-42.20
Filing Date Shares Outstanding	78.35	81	77.87	77.41	77.18
Total Common Shares Outstanding	78.32	81	77.87	77.41	77.18
Working Capital	4,113	3,398	3,914	5,478	5,111
Book Value Per Share	13.64	13.75	14.44	17.08	18.98
Tangible Book Value	1,056	1,094	1,125	1,322	1,465
Tangible Book Value Per Share	13.48	13.51	14.44	17.08	18.98

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q