TPG RE Finance Trust Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Interest and Dividend Income	299.76	290.24	307.15	362.55	302.86	240.16
Total Interest Expense	196.64	186.46	198.85	273.86	160.76	85.09
Net Interest Income	103.11	103.78	108.29	88.69	142.11	155.07
Other Revenue	41.09	42.34	44.82	27.7	2.85	0.56
Revenue Before Loan Losses	144.2	146.12	153.12	116.39	144.95	155.63
Provision for Loan Losses	11.95	13.87	4.15	189.91	172.98	-6.31
Revenue	132.25	132.24	148.97	-73.52	-28.03	161.94
Revenue Growth	-4.57%	-11.23%	-	-	-	51.04%
Cost of Services Provided	63.88	68.71	67.85	41.85	39.75	32.35
Total Operating Expenses	73.81	78.52	74.23	49.88	44.8	38.12
Operating Income	58.45	53.73	74.73	-123.4	-72.83	123.82
EBT Excluding Unusual Items	58.45	53.73	74.73	-123.4	-72.83	123.82
Pretax Income	58.45	60.7	74.73	-116.37	-59.54	139.61
Income Tax Expense	0.41	0.38	0.4	0.26	0.53	1.06
Net Income	58.04	60.32	74.34	-116.63	-60.07	138.55
Preferred Dividends & Other Adjustments	14.88	14.84	14.67	14.28	13.58	67.85
Net Income to Common	43.16	45.48	59.67	-130.91	-73.64	70.71
Net Income Growth	-17.68%	-23.78%	-	-	-	-
Shares Outstanding (Basic)	78	79	80	78	77	77
Shares Outstanding (Diluted)	78	79	80	78	77	82
Shares Change	-2.89%	-0.55%	2.98%	0.36%	-5.37%	6.56%
EPS (Basic)	0.55	0.57	0.75	-1.69	-0.95	0.92
EPS (Diluted)	0.55	0.57	0.75	-1.69	-0.95	0.87
EPS Growth	-15.63%	-23.76%	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Free Cash Flow	92.64	90.36	112.13	80.13	100.5	132.17
Free Cash Flow Per Share	1.18	1.14	1.40	1.03	1.30	1.62
Dividend Per Share	0.960	0.960	0.960	0.960	0.960	0.880
Dividend Growth	0%	0%	0%	0%	9.09%	-14.56%
Operating Margin	44.19%	40.63%	50.17%	-	-	76.46%
Profit Margin	32.63%	34.39%	40.05%	-	-	43.66%
Free Cash Flow Margin	70.05%	68.33%	75.27%	-	-	81.61%
Effective Tax Rate	0.70%	0.62%	0.53%	-	-	0.76%

SEC Filings: 10-K · 10-Q