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	Sep '26 Sep 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	304.99	290.24	307.15	362.55	302.86	240.16
Total Interest Expense	203.48	186.46	198.85	273.86	160.76	85.09
Net Interest Income	101.51	103.78	108.29	88.69	142.11	155.07
Other Revenue	40.77	42.34	44.82	27.7	2.85	0.56
Revenue Before Loan Losses	142.28	146.12	153.12	116.39	144.95	155.63
Provision for Loan Losses	23.13	13.87	4.15	189.91	172.98	-6.31
Revenue	119.16	132.24	148.97	-73.52	-28.03	161.94
Revenue Growth	-14.02%	-11.23%	-	-	-	51.04%
Cost of Services Provided	63.55	68.71	67.85	41.85	39.75	32.35
Total Operating Expenses	73.34	78.52	74.23	49.88	44.8	38.12
Operating Income	45.82	53.73	74.73	-123.4	-72.83	123.82
EBT Excluding Unusual Items	45.82	53.73	74.73	-123.4	-72.83	123.82
Pretax Income	45.82	60.7	74.73	-116.37	-59.54	139.61
Income Tax Expense	0.4	0.38	0.4	0.26	0.53	1.06
Net Income	45.41	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	30.53	45.48	59.67	-130.91	-73.64	70.71
Net Income Growth	-41.51%	-23.78%	-	-	-	-
Shares Outstanding (Basic)	77	79	80	78	77	77
Shares Outstanding (Diluted)	78	79	80	78	77	82
Shares Change	-2.88%	-0.55%	2.98%	0.36%	-5.37%	6.56%
EPS (Basic)	0.39	0.57	0.75	-1.69	-0.95	0.92
EPS (Diluted)	0.39	0.57	0.75	-1.69	-0.95	0.87
EPS Growth	-39.17%	-23.76%	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	85.19	90.36	112.13	80.13	100.5	132.17
Free Cash Flow Per Share	1.10	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	38.45%	40.63%	50.17%	-	-	76.46%
Profit Margin	25.62%	34.39%	40.05%	-	-	43.66%
Free Cash Flow Margin	71.49%	68.33%	75.27%	-	-	81.61%
Effective Tax Rate	0.88%	0.62%	0.53%	-	-	0.76%

SEC Filings: 10-K · 10-Q