TRTX (TPG RE Finance Trust) FCF Margin %: 55.38% (As of Jun. 2026) — 23% Below Median

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TRTX TPG RE Finance Trust Inc TRTX
52 GF Score
Price $7.90
GF Value $8.18
Valuation Fairly Valued
! 4 Warning Signs
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What is TPG RE Finance Trust FCF Margin %?

TPG RE Finance Trust TRTX -1.85% 52 FCF Margin % is 55.38% as of Jun. 2026, which is 23% below its 10-year median of 72.22. GuruFocus rates TRTX with a GF Score™ of 52/100 and a GF Value™ of $8.18 (Fairly Valued). The stock has 4 warning signs investors should review. Among 932 REITs companies, TPG RE Finance Trust ranks better than 68.13% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. TPG RE Finance Trust's Free Cash Flow for the three months ended in Jun. 2026 was $18.7 Mil. TPG RE Finance Trust's Revenue for the three months ended in Jun. 2026 was $33.8 Mil. Therefore, TPG RE Finance Trust's FCF Margin % for the quarter that ended in Jun. 2026 was 55.38%.

As of today, TPG RE Finance Trust's current FCF Yield % is 13.67%.

The historical rank and industry rank for TPG RE Finance Trust's FCF Margin % or its related term are showing as below:

TRTX' s FCF Margin % Range Over the Past 10 Years
Min: -477.46   Med: 72.22   Max: 96.01
Current: 58.12


During the past 11 years, the highest FCF Margin % of TPG RE Finance Trust was 96.01%. The lowest was -477.46%. And the median was 72.22%.

TRTX's FCF Margin % is ranked better than
68.13% of 932 companies
in the REITs industry
Industry Median: 40.64 vs TRTX: 58.12


TPG RE Finance Trust FCF Margin % Related Terms


TPG RE Finance Trust FCF Margin % Historical Data

* Premium members only.

The historical data trend for TPG RE Finance Trust's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TPG RE Finance Trust FCF Margin % Chart

TPG RE Finance Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 77.83 61.07 61.25 70.65 55.67

TPG RE Finance Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.07 55.43 60.50 61.10 55.38

TRTX vs BRSP, RWT, FBRT: FCF Margin % Comparison

For the REIT - Mortgage subindustry, TPG RE Finance Trust's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TPG RE Finance Trust FCF Margin % vs REITs Industry

For the REITs industry and Real Estate sector, TPG RE Finance Trust's FCF Margin % distribution charts can be found below:

* The bar in red indicates where TPG RE Finance Trust's FCF Margin % falls into.


TRTX
52GF Score
TPG RE Finance Trust Inc TRTX
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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TPG RE Finance Trust FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

TPG RE Finance Trust's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=84.22/151.273
=55.67 %

TPG RE Finance Trust's FCF Margin for the quarter that ended in Jun. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=18.694/33.758
=55.38 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 55.38% mean?
TPG RE Finance Trust (TRTX) has a FCF Margin % of 55.38% as of Jun. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on TPG RE Finance Trust and its competitors. This is 23% below median its historical median of 72.22. According to the industry distribution chart, TPG RE Finance Trust ranks #297 out of 932 companies in the REITs industry, placing it in the top 31.9%.
Is TPG RE Finance Trust's FCF Margin % too high?
TPG RE Finance Trust's current FCF Margin % of 55.38% is 23% below median its 10-year median of 72.22. The REITs industry median FCF Margin % is 40.64. TPG RE Finance Trust's value of 55.38% is 36.3% above this industry median. Based on the distribution chart, TPG RE Finance Trust ranks #297 out of 932 companies in the REITs industry, which is above the industry midpoint. Overall, TPG RE Finance Trust has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TPG RE Finance Trust's FCF Margin % compare to BRSP and RWT?
According to the REITs industry distribution chart, TPG RE Finance Trust ranks #297 out of 932 companies for FCF Margin %. This puts TPG RE Finance Trust in the upper half of its industry. The industry median FCF Margin % is 40.64. TPG RE Finance Trust's value of 55.38% is 36.3% above this benchmark. While the company's 10-year median is 72.22 vs. the industry median of 40.64, TPG RE Finance Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a REITs company?
The median FCF Margin % among REITs companies is 40.64, based on 932 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TPG RE Finance Trust's current FCF Margin % of 55.38% is 36.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on TPG RE Finance Trust and its competitors. For the REITs industry, the median FCF Margin % is 40.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPG RE Finance Trust's current FCF Margin % is 55.38%, which is 23% below median its own 10-year median of 72.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPG RE Finance Trust stock overvalued right now?
Based on GuruFocus' analysis, TPG RE Finance Trust (TRTX) is currently considered Fairly Valued. The stock's GF Value™ is $8.18, compared to a current price of $7.90 — trading 3.4% below its estimated fair value. The current FCF Margin % is 55.38%, which is 23% below median its 10-year median of 72.22 and 36.3% above the REITs industry median of 40.64. TPG RE Finance Trust's overall GF Score™ is 52/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For TPG RE Finance Trust (TRTX), the current FCF Margin % is 55.38% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TPG RE Finance Trust (TRTX) Overvalued in 2026?

Based on GuruFocus' analysis, TPG RE Finance Trust stock appears to be undervalued. The current stock price of $7.90 is trading 3.4% below its estimated GF Value™ of $8.18. GuruFocus considers TPG RE Finance Trust to be Fairly Valued.

Key valuation signals for TRTX:

  • FCF Margin %: 55.38% (23% below median its 10-year median of 72.22)
  • GF Value™: $8.18 vs. price of $7.90 (3.4% below fair value)
  • GF Score™: 52/100 with 4 warning signs
  • Industry Position: 36.3% above the REITs median (#297 of 932)

No single metric tells the full story. See the TRTX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TPG RE Finance Trust Business Description

Industry Real EstateREITs
Address 888 Seventh Avenue, 35th Floor, New York, NY, USA, 10106
TPG RE Finance Trust Inc is a commercial real estate finance company. It originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments consisting of first mortgage loans and senior participation interests in first mortgage loans secured by institutional-quality properties in primary and select secondary markets in the United States. The company's objective is to provide attractive risk-adjusted returns to its stockholders over time through cash distributions and capital appreciation. It focuses on directly originating and selectively acquiring floating-rate first mortgage loans that are secured by high-quality commercial real estate properties undergoing some form of transition and value creation.
52GF Score

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.90
Price
$8.18
GF Value