TRTX (TPG RE Finance Trust) Dividend Payout Ratio: 1.26 (As of Mar. 2026) — Near Median

What is TPG RE Finance Trust Dividend Payout Ratio?

TPG RE Finance Trust TRTX -0.83% 51 Dividend Payout Ratio is 1.26 as of Mar. 2026, which is 2% below its 10-year median of 1.29. GuruFocus rates TRTX with a GF Score™ of 51/100 and a GF Value™ of $7.99 (Fairly Valued). The stock has 4 warning signs investors should review. Among 716 REITs companies, TPG RE Finance Trust ranks worse than 78.49% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. TPG RE Finance Trust's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.26.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of TPG RE Finance Trust Inc is 1.76, which seems too high.

The historical rank and industry rank for TPG RE Finance Trust's Dividend Payout Ratio or its related term are showing as below:

TRTX' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.41 Med: 1.29 Max: 3.98
Current: 1.76

During the past 11 years, the highest Dividend Payout Ratio of TPG RE Finance Trust was 3.98. The lowest was 0.41. And the median was 1.29.

TRTX's Dividend Payout Ratio is ranked worse than
78.49% of 716 companies
in the REITs industry
Industry Median: 0.99 vs TRTX: 1.76

As of today (2026-06-30), the Dividend Yield % of TPG RE Finance Trust is 11.42%.

During the past 11 years, the highest Trailing Annual Dividend Yield of TPG RE Finance Trust was 68.25%. The lowest was 1.66%. And the median was 10.60%.

TPG RE Finance Trust's Dividends per Share for the months ended in Mar. 2026 was $0.24.

During the past 5 years, the average Dividends Per Share Growth Rate was -0.30% per year.

During the past 11 years, the highest 3-Year average Dividends Per Share Growth Rate of TPG RE Finance Trust was 13.20% per year. The lowest was -19.90% per year. And the median was -1.15% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

TPG RE Finance Trust (NYSE:TRTX) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

TPG RE Finance Trust Dividend Payout Ratio Related Terms

TPG RE Finance Trust Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for TPG RE Finance Trust's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

TPG RE Finance Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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1.30

0.00

1.28

1.99

TPG RE Finance Trust Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															2.00	1.94	1.04	0.00	1.26

TRTX vs FBRT, RWT, BRSP: Dividend Payout Ratio Comparison

For the REIT - Mortgage subindustry, TPG RE Finance Trust's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, TPG RE Finance Trust's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where TPG RE Finance Trust's Dividend Payout Ratio falls into.

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51GF Score

TPG RE Finance Trust Inc TRTX

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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TPG RE Finance Trust Dividend Payout Ratio Calculation

TPG RE Finance Trust's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	0.96	/	0.483
	=	1.99

TPG RE Finance Trust's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.24	/	0.19
	=	1.26

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.26 mean?

TPG RE Finance Trust (TRTX) has a Dividend Payout Ratio of 1.26 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on TPG RE Finance Trust and its competitors. This is near median its historical median of 1.29. Over the past decade, TPG RE Finance Trust's Dividend Payout Ratio has ranged from 0.41 to 3.98. According to the industry distribution chart, TPG RE Finance Trust ranks #562 out of 716 companies in the REITs industry, placing it in the top 78.5%.

Is TPG RE Finance Trust's Dividend Payout Ratio too high?

TPG RE Finance Trust's current Dividend Payout Ratio of 1.26 is near median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 3.98. The REITs industry median Dividend Payout Ratio is 0.99. TPG RE Finance Trust's value of 1.26 is 27.3% above this industry median. Based on the distribution chart, TPG RE Finance Trust ranks #562 out of 716 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, TPG RE Finance Trust has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does TPG RE Finance Trust's Dividend Payout Ratio compare to FBRT and RWT?

According to the REITs industry distribution chart, TPG RE Finance Trust ranks #562 out of 716 companies for Dividend Payout Ratio. This places TPG RE Finance Trust in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. TPG RE Finance Trust's value of 1.26 is 27.3% above this benchmark. Historically, TPG RE Finance Trust's own Dividend Payout Ratio has ranged from 0.41 to 3.98 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 0.99, 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 Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 716 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TPG RE Finance Trust's current Dividend Payout Ratio of 1.26 is 27.3% 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on TPG RE Finance Trust and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPG RE Finance Trust's current Dividend Payout Ratio is 1.26, which is near median its own 10-year median of 1.29. 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 $7.99, compared to a current price of $8.39 — trading 5% above its estimated fair value. The current Dividend Payout Ratio is 1.26, which is near median its 10-year median of 1.29 and 27.3% above the REITs industry median of 0.99. TPG RE Finance Trust's overall GF Score™ is 51/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For TPG RE Finance Trust (TRTX), the current Dividend Payout Ratio is 1.26 as of Mar. 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 overvalued. The current stock price of $8.39 is trading 5% above its estimated GF Value™ of $7.99. GuruFocus considers TPG RE Finance Trust to be Fairly Valued.

Key valuation signals for TRTX:

Dividend Payout Ratio: 1.26 (near median its 10-year median of 1.29)
GF Value™: $7.99 vs. price of $8.39 (5% above fair value)
GF Score™: 51/100 with 4 warning signs
Industry Position: 27.3% above the REITs median (#562 of 716)

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 Estate REITs

Comparable Companies FBRT RWT BRSP IVR KREF ADAM PMT CMTG MFA RC NLY AGNC STWD RITM BXMT DX ARR EFC BSP:KNCR11 ARI

Address 888 Seventh Avenue, 35th Floor, New York, NY, USA, 10106

Website https://www.tpgrefinance.com

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.

51GF Score

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$8.39

Price

$7.99

GF Value

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