TPG RE Finance Trust, Inc.
TRTXReal Estate · Stock · quarterly payer
Forward Yield
10.97%
Annual Dividend
$0.96
Payout Ratio
150%
5-Yr Growth
-6.1%
Ex-Date
Jun 26, 2026
Frequency
Quarterly
Summary
As of July 2026, TPG RE Finance Trust, Inc. (TRTX) yields 10.97% ($0.96 per share annually), with a blended fair-value estimate of $12.69 — +45% upside, so it screens as undervalued. Dividend safety grade: D (49/100).
Is TRTX a good dividend stock?
MixedTPG RE Finance Trust, Inc. (TRTX) pays a quarterly dividend yielding 10.97% ($0.96/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2021
- Elevated payout ratio (150%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 10.97%
- Payout Ratio
- 150%
- Annual Dividend
- $0.96
- 5-Yr Avg Growth
- -6.1%
- Ex-Dividend Date
- Jun 26, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.46
- Market Cap
- $676.4M
- P/E Ratio
- 13.7
- 5-Yr Total Return
- -31%
- 52-Week Range
- $7.57 – $9.85
- Dividend Safety
- D · 49/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
TRTX Price — Last 12 Months
Daily close
Price Return
1 Year
-6%
3 Years
+16%
5 Years
-31%
52-Week Range
$7.57 – $9.85
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TRTX worth?
Undervaluedlow confidenceOur blended fair-value estimate for TPG RE Finance Trust, Inc. is $12.69 per share, versus a market price of $8.75. That implies 45% of upside — a margin of safety of about 31%.
Fair Value
$12.69
Current Price
$8.75
Upside
+45%
Margin of Safety
31%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 11.6% discount rate (CAPM), 6.4% stage-1 growth, 2.5% terminal growth, $0.64 EPS, $0.96 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TRTX Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 26, 2026 | — | $0.2400 | regular |
| Mar 27, 2026 | — | $0.2400 | regular |
| Dec 26, 2025 | — | $0.2400 | regular |
| Sep 26, 2025 | — | $0.2400 | regular |
| Jun 27, 2025 | — | $0.2400 | regular |
| Mar 28, 2025 | — | $0.2400 | regular |
| Dec 27, 2024 | — | $0.2400 | regular |
| Sep 27, 2024 | — | $0.2400 | regular |
| Jun 27, 2024 | — | $0.2400 | regular |
| Mar 27, 2024 | — | $0.2400 | regular |
| Dec 28, 2023 | — | $0.2400 | regular |
| Sep 27, 2023 | — | $0.2400 | regular |
| Jun 27, 2023 | — | $0.2400 | regular |
| Mar 28, 2023 | — | $0.2400 | regular |
Income Calculator
At $0.96 / yr per share
