TPG RE Finance Trust Declares $0.24 Quarterly Dividend
TPG RE Finance Trust declared a $0.24 per share quarterly cash dividend on December 12, 2025. The dividend was paid January 23, 2026 to shareholders of record as of December 26, 2025.
TPG RE Finance Trust, Inc. (NYSE: TRTX) declared a cash dividend of $0.24 per share of common stock on December 12, 2025. The dividend was paid on January 23, 2026 to common stockholders of record as of December 26, 2025. Read more dividend announcements.
The commercial real estate finance company reported the dividend as part of its fourth quarter 2025 operating results. The quarterly payout represents an 11.1% annualized dividend yield based on the December 31, 2025 closing stock price of $8.61.
| Dividend Details | Date |
|---|---|
| Amount Per Share | $0.24 |
| Declaration Date | December 12, 2025 |
| Record Date | December 26, 2025 |
| Payment Date | January 23, 2026 |
For the full year 2025, TPG RE Finance Trust declared total cash dividends of $77.9 million, or $0.96 per common share. The company generated Distributable Earnings of $76.8 million, or $0.97 per common share for the year, exceeding its dividend payout.
Chief Executive Officer Doug Bouquard said the company out-earned its common stock dividend during 2025 while maintaining a 100% performing loan portfolio. The company originated $1.9 billion of total loan commitments during the year.
Preferred Stock Dividend
The company also paid a quarterly dividend of $0.3906 per share on its 6.25% Series C Cumulative Redeemable Preferred Stock on December 30, 2025 to preferred stockholders of record as of December 19, 2025.
Fourth Quarter Financial Performance
TPG RE Finance Trust reported GAAP net income attributable to common stockholders of $0.2 million, or $0.00 per common share, for the fourth quarter of 2025. Book value per common share declined to $11.07 at December 31, 2025 from $11.25 at September 30, 2025.
The company generated Distributable Earnings of $18.5 million, or $0.24 per common share, for the quarter based on a diluted weighted average share count of 78.4 million common shares.
During the fourth quarter, the company originated nine first mortgage loans with aggregate total commitments of $927.0 million and received six full loan repayments totaling $378.3 million. The weighted average risk rating of the loan portfolio remained unchanged at 3.0.
The company repurchased 45,367 shares of common stock during the quarter at a weighted average price of $8.50 per share for total consideration of $0.4 million. For the full year 2025, TPG RE Finance Trust repurchased 3,200,576 shares at a weighted average price of $7.90 per share for total consideration of $25.3 million, increasing book value per common share by $0.13.