TPG RE Finance Trust Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	93.59	190.16	206.38	254.05	260.64	319.67
Loans & Lease Receivables	3,567	3,217	3,410	4,781	4,867	4,456
Other Receivables	104.64	27.65	98.7	206.06	26.81	28.59
Property, Plant & Equipment	223.32	256.4	174.06	-	60.62	99.2
Restricted Cash	0.87	0.32	0.64	0.27	0.4	-
Other Current Assets	44.23	-	247.23	297.17	0.2	0.17
Other Long-Term Assets	16.54	39.87	77.62	6.2	2.14	4.65
Total Assets	4,065	3,731	4,214	5,545	5,218	4,909
Accrued Expenses	17.03	24.44	27.03	24.9	15.69	19.58
Long-Term Debt	2,933	2,569	3,039	4,161	3,708	3,389
Long-Term Unearned Revenue	1.8	1.74	1.28	1.46	1.37	1.42
Other Current Liabilities	20.71	22.38	21.86	36.27	28.36	32.38
Other Long-Term Liabilities	9.49	-	-	-	0.01	0.17
Total Liabilities	2,982	2,617	3,090	4,223	3,753	3,442
Common Stock	0.08	0.08	0.08	0.08	0.08	0.08
Additional Paid-In Capital	1,736	1,731	1,725	1,717	1,712	1,560
Retained Earnings	-653.74	-617.22	-600.27	-395.03	-247.27	-292.86
Total Common Equity	1,083	1,114	1,125	1,322	1,465	1,267
Shareholders' Equity	1,083	1,114	1,125	1,322	1,465	1,466
Total Liabilities & Equity	4,065	3,731	4,214	5,545	5,218	4,909
Total Debt	2,933	2,569	3,039	4,161	3,708	3,389
Net Cash (Debt)	-2,840	-2,379	-2,833	-3,906	-3,447	-3,069
Net Cash Per Share	-35.51	-29.77	-36.52	-50.54	-42.20	-40.04
Filing Date Shares Outstanding	78.26	81	77.87	77.41	77.18	76.9
Total Common Shares Outstanding	78.31	81	77.87	77.41	77.18	76.79
Working Capital	3,772	3,388	3,914	5,478	5,111	4,753
Book Value Per Share	13.82	13.75	14.44	17.08	18.98	16.50
Tangible Book Value	1,069	1,114	1,125	1,322	1,465	1,267
Tangible Book Value Per Share	13.66	13.75	14.44	17.08	18.98	16.50

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q