TPG RE Finance Trust

TRTX

Market cap $707M

Investors interested in Real Estate - Operations stocks are likely familiar with TPG RE Finance Trust (TRTX) and FirstService (FSV). But which of these two stocks offers value investors a better bang for their buck right now?

NEW YORK--(BUSINESS WIRE)--TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) announced today that it closed TRTX 2025-FL7, a $1.1 billion managed Commercial Real Estate Collateralized Loan Obligation (“CRE CLO”). The Company placed approximately $957.0 million of investment grade securities with institutional investors providing term financing on a non-mark-to-market, non-recourse basis. TRTX 2025-FL7 includes a 30-month reinvestment period, an advance rate of 87.0%, and a weigh.

CION, IVZ, TRTX and WPC stand out with strong shareholder yield, blending income, buybacks and debt reduction for portfolio defense.

TRTX, PFBC and BPOP made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 17, 2025.

Investors interested in stocks from the Real Estate - Operations sector have probably already heard of TPG RE Finance Trust (TRTX) and FirstService (FSV). But which of these two stocks offers value investors a better bang for their buck right now?

TPG RE Finance Trust trades at a significant discount to book value and is paying out a covered 11% dividend yield. The Series C Preferreds currently yield 8.8% and trade at a 30% discount to liquidation value, providing an attractive risk-reward profile. Despite lower Fed funds rates, TRTX preferreds have dipped versus their year-ago level as long-term Treasury yields remain elevated.

PMT, TRTX and APAM made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 31, 2025.

TPG RE Finance Trust, Inc. ( TRTX ) Q3 2025 Earnings Call October 29, 2025 9:00 AM EDT Company Participants Robert Foley - Senior Advisor Doug Bouquard - CEO & Director Brandon Fox - Chief Accounting Officer & Interim CFO Ryan Roberto Conference Call Participants Steven Delaney - Citizens JMP Securities, LLC, Research Division John Nickodemus - BTIG, LLC, Research Division Richard Shane - JPMorgan Chase & Co, Research Division Presentation Operator Greetings, and welcome to the TPG Real Estate Finance Trust Third Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

TPG RE Finance Trust (TRTX) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.28 per share a year ago.

NEW YORK--(BUSINESS WIRE)--TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) reported its operating results for the quarter ended September 30, 2025. Regarding third quarter results, Doug Bouquard, Chief Executive Officer of TRTX, said: “Our investment momentum continued in the third quarter. We originated $279.2 million of total loan commitments, out-earned our common stock dividend, repurchased $9.3 million of common stock to generate $0.04 per share of book value, and maintai.