TPG RE Finance TrustTRTX -0.83%51 Pretax Margin % is 51.79% as of Mar. 2026, which is 33% below its 10-year median of 77.29. 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 931 REITs companies, TPG RE Finance Trust ranks worse than 54.24% on this metric.
The historical rank and industry rank for TPG RE Finance Trust's Pretax Margin % or its related term are showing as below:
TRTX'
s Pretax Margin % Range Over the Past 10 Years
Min: -95.33 Med: 77.29 Max: 493.5
Current: 43.56
TRTX's Pretax Margin % is ranked worse than 54.24% of 931
companies
in the REITs industry
Industry Median: 46.93
vs TRTX: 43.56
TPG RE Finance Trust (NYSE:TRTX) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
TPG RE Finance Trust Pretax Margin % Related Terms
TPG RE Finance Trust Pretax Margin % Historical Data
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The historical data trend for TPG RE Finance Trust's Pretax 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.
TRTX vs FBRT, RWT, BRSP: Pretax Margin % Comparison
For the REIT - Mortgage subindustry, TPG RE Finance Trust's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, TPG RE Finance Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where TPG RE Finance Trust's Pretax Margin % falls into.
* 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 (TRTX) has a Pretax Margin % of 51.79% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on TPG RE Finance Trust and its competitors. This is 33% below median its historical median of 77.29. According to the industry distribution chart, TPG RE Finance Trust ranks #505 out of 931 companies in the REITs industry, placing it in the top 54.2%.
Is TPG RE Finance Trust's Pretax Margin % too high?
TPG RE Finance Trust's current Pretax Margin % of 51.79% is 33% below median its 10-year median of 77.29. The REITs industry median Pretax Margin % is 46.93. TPG RE Finance Trust's value of 51.79% is 10.4% above this industry median. Based on the distribution chart, TPG RE Finance Trust ranks #505 out of 931 companies in the REITs industry, which is below the industry midpoint. 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 Pretax Margin % compare to FBRT and RWT?
According to the REITs industry distribution chart, TPG RE Finance Trust ranks #505 out of 931 companies for Pretax Margin %. This places TPG RE Finance Trust in the lower half of its industry. The industry median Pretax Margin % is 46.93. TPG RE Finance Trust's value of 51.79% is 10.4% above this benchmark. While the company's 10-year median is 77.29 vs. the industry median of 46.93, 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.93, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TPG RE Finance Trust's current Pretax Margin % of 51.79% is 10.4% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on TPG RE Finance Trust and its competitors. For the REITs industry, the median Pretax Margin % is 46.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPG RE Finance Trust's current Pretax Margin % is 51.79%, which is 33% below median its own 10-year median of 77.29. 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 Pretax Margin % is 51.79%, which is 33% below median its 10-year median of 77.29 and 10.4% above the REITs industry median of 46.93. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For TPG RE Finance Trust (TRTX), the current Pretax Margin % is 51.79% 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:
Pretax Margin %: 51.79% (33% below median its 10-year median of 77.29)
GF Value™: $7.99 vs. price of $8.39 (5% above fair value)
Industry Position: 10.4% above the REITs median (#505 of 931)
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 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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