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TRTX (TPG RE Finance Trust) Sloan Ratio % : -12.82% (As of Dec. 2024)


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What is TPG RE Finance Trust Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

TPG RE Finance Trust's Sloan Ratio for the quarter that ended in Dec. 2024 was -12.82%.

As of Dec. 2024, TPG RE Finance Trust has a Sloan Ratio of -12.82%, indicating there is a warning stage of accrual build up.


TPG RE Finance Trust Sloan Ratio % Historical Data

The historical data trend for TPG RE Finance Trust's Sloan 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.

* Premium members only.

TPG RE Finance Trust Sloan Ratio % Chart

TPG RE Finance Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -25.13 6.69 5.27 -30.66 -12.82

TPG RE Finance Trust Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Sloan Ratio % 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 -30.66 -41.80 -33.41 -19.42 -12.82

Competitive Comparison of TPG RE Finance Trust's Sloan Ratio %

For the REIT - Mortgage subindustry, TPG RE Finance Trust's Sloan Ratio %, along with its competitors' market caps and Sloan 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's Sloan Ratio % Distribution in the REITs Industry

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

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


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TPG RE Finance Trust Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

TPG RE Finance Trust's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2024 )-Cash Flow from Operations (A: Dec. 2024 )
-Cash Flow from Investing (A: Dec. 2024 ))/Total Assets (A: Dec. 2024 )
=(74.335-112.131
-440.51)/3731.429
=-12.82%

TPG RE Finance Trust's Sloan Ratio for the quarter that ended in Dec. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2024 )
=(74.335-112.131
-440.51)/3731.429
=-12.82%

TPG RE Finance Trust's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 16.744 (Mar. 2024 ) + 24.715 (Jun. 2024 ) + 22.194 (Sep. 2024 ) + 10.682 (Dec. 2024 ) = $74.3 Mil.
TPG RE Finance Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 37.371 (Mar. 2024 ) + 25.553 (Jun. 2024 ) + 23.71 (Sep. 2024 ) + 25.497 (Dec. 2024 ) = $112.1 Mil.
TPG RE Finance Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was 365.515 (Mar. 2024 ) + 189.469 (Jun. 2024 ) + 3.295 (Sep. 2024 ) + -117.769 (Dec. 2024 ) = $440.5 Mil.

* 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  (NYSE:TRTX) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Dec. 2024, TPG RE Finance Trust has a Sloan Ratio of -12.82%, indicating there is a warning stage of accrual build up.


TPG RE Finance Trust Sloan Ratio % Related Terms

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TPG RE Finance Trust Business Description

Traded in Other Exchanges
N/A
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.
Executives
Starwood Capital Group Global Ii, L.p. 10 percent owner 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Pe Holder, L.l.cc 10 percent owner 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Robert Foley officer: CFO & Chief Risk Officer 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Deborah J. Ginsberg officer: Vice President & Secretary 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Julie Hong Clayton director C/O TPG PACE TECH OPPORTUNITIES CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Doug Bouquard director, officer: Chief Executive Officer 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Brandon C Fox officer: Chief Accounting Officer 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
China Investment Corp 10 percent owner NEW POLY PLAZA, NO. 1 CHAOYANGMEN BEIDAJIE, DONGCHENG, BEIJING F4 100010
Jon Winkelried 10 percent owner C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
Tpg Gp A, Llc 10 percent owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Tpg Group Holdings (sbs) Advisors, Inc. 10 percent owner C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Todd Schuster director C/O TPG RE FINANCE TRUST, INC., 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Bss Scg Gp Holdings, Llc 10 percent owner 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Starwood Capital Group Holdings Gp, L.l.c. 10 percent owner 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Starwood Xi Management Gp, L.l.c. 10 percent owner 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139