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TRTXTPG RE Finance Trust, Inc.Sell5.8·$6.23

TPG RE Finance Trust (TRTX) Q3 2026 earnings — TrendMatrix coverage

MISS-5.9% vs estimateEPS $0.24 vs $0.26 estVerdict Buy (Wait) → Sell

Reported

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy

Event detail · Q3 2026

Key numbers

Adjusted EPS
$0.24
Estimate
$0.26
Surprise
-5.9%
Score at report (before → after)
5.8 → 5.9/10

Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.

Report record · Q3 2026

How the report landed

TPG RE Finance Trust (TRTX) missed the $0.26 estimate with adjusted EPS of $0.24 — a clear 5.9% shortfall. TrendMatrix's engine moved from Buy (Wait) (5.8/10) to Sell at 5.9/10 after the report — the engine's score rose despite the miss.

Around the report

Coverage in the report window

  • TPG RE Finance Trust Q3 Adj. EPS $0.07 Misses $0.26 Estimate, Sales $35.924M Beat $27.275M Estimate — benzinga, 2026-10-26
Current read · as of 2026-10-27

Where TrendMatrix's rating stands now

TrendMatrix currently rates TRTX Sell at 5.8/10.

0 of the last 4 quarters beat the estimate; this quarter's -5.9% surprise compares with a -5.4% four-quarter average.

What supports the rating

  • Attractive valuation
  • Margin of safety: 48%

What argues against it

  • Concentration risk — Product: first mortgage loans (100.0%)
  • Sector modifier (Real Estate): -1.2
  • Consecutive earnings misses (3)

This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.

Current engine read

The levels TrendMatrix's engine tracks

Current price
$6.23
Price target
$8.30
Stop
$5.81
Upside to target
+33.2%
Reward-to-risk
3.3:1

The stock trades at 11.4× trailing but 5.6× forward earnings — consensus estimates already build in a substantial earnings recovery.

Model outputs from TrendMatrix’s engine as of 2026-10-27 — shown for context, not personalized investment advice.

Real Estate context

TRTX at TrendMatrix's latest read

REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.

Industry
REIT - Mortgage
Market cap
$483.2M
P/E (fwd)
5.6
P/E (ttm)
11.4
52-week range
$5.60–$9.37
Off 52-week high
33.5%
RSI (14)
60
Volume vs avg
0.10×
Score today
5.8/10

EPS and the estimate come from Yahoo Finance’s earnings calendar, captured around the report date. That EPS is the adjusted figure analysts forecast, so it can differ from the GAAP diluted EPS in the company’s filing, and consensus estimates vary between data providers. Revenue comes from SEC XBRL company facts where available, yfinance-provisional otherwise. Not a buy/sell rating, a price target, or investment advice — see the current verdict on the stock’s main page for TrendMatrix’s live read.

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