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TRTX REIT — TPG RE Finance Trust, Inc.
TPG RE Finance Trust, Inc. (TRTX)
Updated November 6, 2026.
Verdict as of November 6, 2026 close
TRTX's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (65/100, high confidence). It pays quarterly and its distribution rate is 14.22%. The latest total cash payment per current share, $0.24 with an ex-date of September 28, 2026, was unchanged from the previous payment.
Sources: TPG page for TRTX, Section 19a-1 notices, scoring methodology.
TRTX is a REIT. Its distribution rate is 14.22%, its trailing-12-month yield is 14.22%. Dividend Vision Distribution Safety Score™ is 65/100 (Generally safe). Total return is 10.8% over the past 9.3 years, 231.4 points behind SPY at 242.2%.
TRTX dividend yield and income
Price as of 2026-11-06.
The distribution rate (14.22%) has no calculation basis on file. Trailing-12-month yield (14.22%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.24. The ex-dividend date is 09/28/2026. The payment date is 10/23/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-28 | $0.24 | 0.0% Total cash (unclassified) |
| 2026-06-26 | $0.24 | 0.0% Total cash (unclassified) |
| 2026-03-27 | $0.24 | 0.0% Total cash (unclassified) |
| 2025-12-26 | $0.24 | 0.0% Total cash (unclassified) |
| 2025-09-26 | $0.24 | 0.0% Total cash (unclassified) |
| 2025-06-27 | $0.24 | 0.0% Total cash (unclassified) |
| 2025-03-28 | $0.24 | 0.0% Total cash (unclassified) |
| 2024-12-27 | $0.24 | 0.0% Total cash (unclassified) |
| 2024-09-27 | $0.24 | 0.0% Total cash (unclassified) |
| 2024-06-27 | $0.24 | 0.0% Total cash (unclassified) |
| 2024-03-27 | $0.24 | 0.0% Total cash (unclassified) |
| 2023-12-28 | $0.24 | 0.0% Total cash (unclassified) |
| 2023-09-27 | $0.24 | 0.0% Total cash (unclassified) |
| 2023-06-27 | $0.24 | 0.0% Total cash (unclassified) |
| 2023-03-28 | $0.24 | 0.0% Total cash (unclassified) |
| 2022-12-28 | $0.24 | 0.0% Total cash (unclassified) |
| 2022-09-27 | $0.24 | 0.0% Total cash (unclassified) |
| 2022-06-27 | $0.24 | 0.0% Total cash (unclassified) |
| 2022-03-28 | $0.24 | -22.6% Total cash (unclassified) |
| 2021-12-28 | $0.31 | 29.2% Total cash (unclassified) |
| 2021-09-28 | $0.24 | 20.0% Total cash (unclassified) |
| 2021-06-25 | $0.2 | 0.0% Total cash (unclassified) |
| 2021-03-25 | $0.2 | -47.4% Total cash (unclassified) |
| 2020-12-24 | $0.38 | 90.0% Total cash (unclassified) |
| 2020-09-24 | $0.2 | N/A |
| 2020-06-25 | $0.2 | N/A |
| 2020-06-12 | $0.43 | N/A |
| 2020-03-26 | $0.43 | 0.0% Total cash (unclassified) |
| 2019-12-26 | $0.43 | 0.0% Total cash (unclassified) |
| 2019-09-26 | $0.43 | 0.0% Total cash (unclassified) |
| 2019-06-27 | $0.43 | 0.0% Total cash (unclassified) |
| 2019-03-28 | $0.43 | 0.0% Total cash (unclassified) |
| 2018-12-27 | $0.43 | 0.0% Total cash (unclassified) |
| 2018-09-27 | $0.43 | 0.0% Total cash (unclassified) |
| 2018-06-22 | $0.43 | 2.4% Total cash (unclassified) |
| 2018-03-28 | $0.42 | 10.5% Total cash (unclassified) |
| 2017-12-28 | $0.38 | 15.2% Total cash (unclassified) |
| 2017-10-05 | $0.33 | — |
| 2017 total | $0.71 | — |
| 2018 total | $1.71 | 140.8% |
| 2019 total | $1.72 | 0.6% |
| 2020 total | $1.64 | -4.7% |
| 2021 total | $0.95 | -42.1% |
| 2022 total | $0.96 | 1.1% |
| 2023 total | $0.96 | 0.0% |
| 2024 total | $0.96 | 0.0% |
| 2025 total | $0.96 | 0.0% |
| 2026 YTD total | $0.72 | 0.0% vs prior-year YTD |
TRTX dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +0.0%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | +0.0% |
| 3Y | 0.0% |
| 5Y | -5.9% |
TRTX performance versus SPY
Total return is 10.8% over the past 9.3 years, 231.4 points behind SPY at 242.2%. Over the past year its total return — price change plus distributions reinvested — is -12.3%. Its deepest 1-year drawdown was 33.3%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 16.6% | — |
| 3M | -8.2% | — |
| 6M | -12.3% | — |
| YTD | -10.2% | — |
| 1Y | -12.3% | — |
| 2Y CAGR | — | 0.60% |
| 3Y CAGR | — | 22.50% |
| 5Y CAGR | — | -1.00% |
| Since 2017-07-20 (first price on file) · 9.3 years | 10.8% | 1.10% |
TRTX key facts
- Distribution Safety Score™
- 65 · Generally safe
- Safety-Adjusted Yield
- 9.24%
- Issuer
- TPG
- Asset type
- REIT
- Asset class
- Real Estate
- Distribution rate
- 14.22%
- Distribution frequency
- Quarterly
- Trailing yield
- 14.22%
- 5-year average yield
- 11.22
- Last close
- $6.75 (as of 2026-11-06)
- Market cap
- $511,831,940
- Average volume
- 1,287,265
- Dividend
- $0.24
- Ex-dividend date
- 09/28/2026
- Payment date
- 10/23/2026
- Beta
- 1.523
- Payout ratio
- 135.2%
- P/E ratio
- 17.31
- Forward P/E
- 11.11
- EPS
- $0.39
How Dividend Vision calculates yield and returns
Distribution rate (14.22%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (14.22%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. 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.
Yield and safety methodology · 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 33.3%.
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.
More on TRTX
Frequently asked questions
Does TRTX pay monthly?
No. TRTX currently pays quarterly, not monthly.
What is TRTX's dividend yield?
TRTX's distribution rate is 14.22%, paid quarterly — no calculation basis on file.
How has TRTX's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +0.0%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does TRTX pay a dividend?
TRTX pays quarterly. The dividend amount is $0.24. The ex-dividend date is 09/28/2026. The payment date is 10/23/2026.
How has TRTX performed?
Total return is 10.8% over the past 9.3 years, 231.4 points behind SPY at 242.2%. Over the past year its total return — price change plus distributions reinvested — is -12.3%. Its deepest 1-year drawdown was 33.3%.
Is TRTX a good investment?
TRTX's Dividend Vision Distribution Safety Score is 65 (Generally safe). That is a risk signal, not investment advice. Its distribution rate is 14.22% (no calculation basis on file). Compare peers below rather than treating any single figure as a buy or sell.
More securities from TPG.
Tickers
TRTX's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (65/100, high confidence). It pays quarterly and its distribution rate is 14.22%. The latest total cash payment per current share, $0.24 with an ex-date of September 28, 2026, was unchanged from the previous payment.
Sources: TPG page for TRTX, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
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