TRTX REIT — TPG RE Finance Trust, Inc.

TPG RE Finance Trust, Inc. (TRTX)

TRTX is a REIT. its distribution rate is 13.37%, its trailing-12-month yield is 13.37%. Dividend Vision Distribution Safety Score™ is 78/100 (Generally safe). Total return is 9.1% over the past 9.2 years, 246.5 points behind SPY at 255.6%.

At the current 13.37% distribution rate, a $10,000 investment would generate approximately $1,337 per year, or about $334.25 per quarter if the next payment matches the last regular one.

TRTX performance versus SPY

Price and return data through 2026-09-18.

Total return is 9.1% over the past 9.2 years, 246.5 points behind SPY at 255.6%. Over the past year its total return — price change plus distributions reinvested — is -13.9%. Its deepest 1-year drawdown was 17.0%.

TRTX key facts

Distribution Safety Score™

78 · Generally safe

Safety-Adjusted Yield

10.43%

Issuer

TPG

Asset type

REIT

Asset class

Real Estate

Distribution rate

13.37%

Distribution frequency

Quarterly

Trailing yield

13.37%

5-year average yield

11.14

Last close

$7.18 (as of 2026-09-18)

Market cap

$551,201,485

Average volume

2168800.0

Last dividend

$0.24

Last ex-dividend date

06/26/2026

Last payment date

07/24/2026

Beta

1.471

Payout ratio

1.0549

P/E ratio

13.05

Forward P/E

11.1111

EPS

$0.55

How Dividend Vision calculates yield and returns

Distribution rate (13.37%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (13.37%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: TPG or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TRTX risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 17.0%.

Who may consider TRTX — and who may not

It is a weaker fit for investors who need monthly cash flow (TRTX pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from TPG.