TRTX

TPG RE Finance Trust Inc

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Advanced Chart

7.970

+0.160(+2.050%)

Overview
Forecast
Valuation

Line

Candle

YTD

High

7.985

Open

7.800

VWAP

7.94

Vol

508.32K

Mkt Cap

636.46M

Low

7.800

Amount

4.04M

EV/EBITDA(TTM)

36.75

Total Shares

80.24M

3.07B

EV/OCF(TTM)

32.73

P/S(TTM)

2.02

TPG RE Finance Trust, Inc. is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. It is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate. The Company conduct its operations primarily through its wholly owned subsidiary, TPG RE Finance Trust Holdco, LLC. Its principal business activity is to directly originate and acquire a diversified portfolio of commercial real estate related assets, consisting primarily 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. It invests primarily in commercial mortgage loans and other commercial real estate-related debt instruments. The Company's portfolio consists approximately 53 loans, which are held for investment.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q2

FY2025Q3

FY2025Q4

25.20M

-8.45%

0.242

-13.39%

25.93M

-11.44%

0.250

-10.71%

26.63M

+7.91%

0.260

+160%

Estimates Revision

The market is revising Downward the revenue expectations for TPG RE Finance Trust, Inc. (TRTX) for FY2025, with the revenue forecasts being adjusted by -0.19% over the past three months. During the same period, the stock price has changed by -5.79%.

Revenue Estimates for FY2025

Revise Downward

-0.19%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-9.55%

In Past 3 Month

Stock Price

Go Down

-5.79%

In Past 3 Month

6 Analyst Rating

19.20% Upside

Wall Street analysts forecast TRTX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRTX is 9.50 USD with a low forecast of 8.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

5 Buy

0 Hold

1 Sell

Moderate Buy

19.20% Upside

Current: 7.970

Low

8.00

Averages

9.50

High

11.00

19.20% Upside

Current: 7.970

Low

8.00

Averages

9.50

High

11.00

Wells Fargo

Donald Fandetti

Buy

Maintains

$10 → $9

2025-05-01

Reason

Wells Fargo

Donald Fandetti

Price Target

$10 → $9

2025-05-01

Maintains

Buy

Reason

JP Morgan

Richard Shane

Buy

Maintains

$7 → $8

2025-05-01

Reason

JP Morgan

Richard Shane

Price Target

$7 → $8

2025-05-01

Maintains

Buy

Reason

JP Morgan

Richard Shane

Buy

Maintains

$8.5 → $7

2025-04-16

Reason

JP Morgan

Richard Shane

Price Target

$8.5 → $7

2025-04-16

Maintains

Buy

Reason

JPMorgan lowered the firm's price target on TPG RE Finance to $7 from $8.50 and keeps an Overweight rating on the shares as part of a Q1 preview for the mortgage real estate investment trusts. Lower short-term rates provide incremental credit relief for borrowers in the form of lower financing costs, but may signal an elevated risk of recession, which could pressure occupancy and rent growth rates and make final resolution of troubled assets more difficult, the analyst tells investors in a research note. The firm says elevated macro uncertainty and a more "two sided risk/reward outlook tempers" its conviction on the MREITs.

JP Morgan

Richard Shane

Buy

Maintains

$9.5 → $8.5

2025-01-21

Reason

JP Morgan

Richard Shane

Price Target

$9.5 → $8.5

2025-01-21

Maintains

Buy

Reason

JPMorgan lowered the firm's price target on TPG RE Finance to $8.50 from $9.50 and keeps an Overweight rating on the shares as part of a Q4 earnings preview for the mortgage real estate investment trust group. Commercial real estate borrowers and lenders "have collectively kicked the can down the road," awaiting a more favorable rate environment, the analyst tells investors in a research note. However, the firm says the higher rate outlook "may dampen the budding optimism" that emerged in mid-2024. With the 10-year Treasury rate now projected above 4% until at least 2027, carrying costs will remain elevated and commercial real estate participants may be forced to resolve deals at "undesirable valuations," contends JPMorgan. It views Claros Mortgage Trust's (CMTG) December dividend cut to zero as potentially cautionary for the sector.

JP Morgan

Richard Shane

Hold

Buy

Upgrades

$9 → $9.5

2024-10-17

Reason

JP Morgan

Richard Shane

Price Target

$9 → $9.5

2024-10-17

Upgrades

Hold

Buy

Reason

JPMorgan upgraded TPG RE Finance to Overweight from Neutral with a price target of $9.50, up from $9. The firm expects residential mortgage real estate investment trusts to be the earliest beneficiaries of lower interest rates. Meanwhile, TPG RE has "significantly de-risked" its portfolio by addressing risk-rated 5 loans and achieving a 100% performing portfolio, the analyst tells investors in a research note. With the shares still trading at a significant discount to book value, JPMorgan sees the stock's risk/reward skewed to the upside from here.

JMP Securities

Steven Delaney

Buy

Maintains

$9.5 → $10

2024-08-21

Reason

JMP Securities

Steven Delaney

Price Target

$9.5 → $10

2024-08-21

Maintains

Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for TPG RE Finance Trust Inc (TRTX.N) is 7.74, compared to its 5-year average forward P/E of 9.66. For a more detailed relative valuation and DCF analysis to assess TPG RE Finance Trust Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

9.66

Current PE

7.74

Overvalued PE

15.96

Undervalued PE

3.37

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

5.50

Current PS

6.02

Overvalued PS

6.46

Undervalued PS

4.55