TPG RE Finance Trust, Inc. (TRTX)

TPG RE Finance Trust Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-	60.32	74.34	-116.63	-60.07	138.55
Depreciation & Amortization	11.31	12.72	15.99	3.58	-	-
Provision for Credit Losses	10.16	13.87	4.15	189.91	172.98	-16.62
Stock-Based Compensation	9.84	9.81	6.39	8.03	5.05	5.76
Other Adjustments	-3.89	-5.95	2.47	-5.61	-8.06	3.21
Changes in Accrued Interest and Accounts Receivable	-0.79	-1.92	4.78	11.4	-17.05	1.79
Changes in Accounts Payable	1.73	0.26	-3.37	-1.93	8.73	0.09
Changes in Accrued Expenses	-0.41	0.11	-3.2	4.03	-0.14	-4.43
Changes in Other Operating Activities	5.8	1.14	10.59	-12.65	-0.96	3.87
Operating Cash Flow	95.8	90.36	112.13	80.13	100.5	132.17
Operating Cash Flow Growth	2.04%	-19.41%	39.94%	-20.27%	-23.96%	0.06%
Net Change in Loans Held-for-Investment	-895.21	-823.01	444.25	1,025	-602.22	-397.27
Capital Expenditures	-7.73	-6.14	-5.32	-5.36	-5.06	-
Sale of Property, Plant & Equipment	19.72	39.44	-	75.43	154.72	54.37
Other Investing Activities	-	-	1.58	-	-	-
Investing Cash Flow	-863.49	-789.71	440.51	1,095	-452.56	-342.9
Long-Term Debt Issued	3,266	4,018	514.45	610.98	2,825	2,043
Long-Term Debt Repaid	-2,717	-3,283	-991.24	-1,742	-2,368	-1,728
Net Long-Term Debt Issued (Repaid)	548.78	735.4	-476.79	-1,131	457.01	314.58
Repurchase of Common Stock	-26.76	-25.35	-0.04	-	-	-
Net Common Stock Issued (Repurchased)	-26.76	-25.35	-0.04	-	-	-
Issuance of Preferred Stock	-	-	-	-	-	201.25
Repurchase of Preferred Stock	-	-	-	-	-	-247.49
Net Preferred Stock Issued (Repurchased)	-	-	-	-	-	-46.24
Common Dividends Paid	-77.87	-78.5	-77.85	-75.83	-80.29	-79.09
Preferred Share Dividends Paid	-12.59	-12.59	-12.59	-12.59	-12.59	-19.19
Other Financing Activities	-15.25	-21.83	-1.91	-3.63	-18.79	-17.96
Financing Cash Flow	496.71	597.13	-569.18	-1,223	345.34	152.1
Net Cash Flow	-270.98	-102.22	-16.54	-47.3	-6.72	-58.63
Free Cash Flow	88.07	84.22	106.81	74.76	95.44	132.17
Free Cash Flow Growth	4.58%	-21.15%	42.86%	-21.66%	-27.79%	0.06%
FCF Margin	57.43%	55.02%	66.69%	64.23%	60.31%	77.10%
Free Cash Flow Per Share	1.11	1.06	1.34	0.96	1.08	1.62
Levered Free Cash Flow	609.37	787.06	-397.66	-1,263	368.89	386.61
Unlevered Free Cash Flow	9.91	6.18	19.47	-0.94	-14.48	1.32

Updated Mar 31, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q