TPG RE Finance Trust (TPG RE Finance Trust) Effective Interest Rate on Debt % : 7.78% (As of Mar. 2024)

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What is TPG RE Finance Trust Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. TPG RE Finance Trust's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $221.5 Mil. TPG RE Finance Trust's average total debt for the quarter that ended in Mar. 2024 was $2,848.3 Mil. Therefore, TPG RE Finance Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.78%.

TPG RE Finance Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for TPG RE Finance Trust's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TPG RE Finance Trust Effective Interest Rate on Debt % Chart

TPG RE Finance Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.84

2.78

2.40

4.09

7.61

TPG RE Finance Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.85	7.33	8.13	7.99	7.78

Competitive Comparison of TPG RE Finance Trust's Effective Interest Rate on Debt %

For the REIT - Mortgage subindustry, TPG RE Finance Trust's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TPG RE Finance Trust's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, TPG RE Finance Trust's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where TPG RE Finance Trust's Effective Interest Rate on Debt % falls into.

TPG RE Finance Trust Effective Interest Rate on Debt % Calculation

TPG RE Finance Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -273.862	/	( (4160.517	+	3039.359)	/ 2 )
=	-1 * -273.862	/	3599.938
=	7.61 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4160.517	+	0
=	4160.517

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3039.359	+	0
=	3039.359

TPG RE Finance Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -221.524	/	( (3039.359	+	2657.33)	/ 2 )
=	-1 * -221.524	/	2848.3445
=	7.78 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3039.359	+	0
=	3039.359

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2657.33	+	0
=	2657.33

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

TPG RE Finance Trust (NYSE:TRTX) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

TPG RE Finance Trust Effective Interest Rate on Debt % Related Terms

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TPG RE Finance Trust (TPG RE Finance Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » TPG RE Finance Trust Inc (NYSE:TRTX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

ACRE DX ORC IVR REFI NREF ARR GPMT AOMR NYMT NLY STWD AGNC RITM BXMT ABR RC CMTG ARI LADR

Traded in Other Exchanges

N/A

Address

888 Seventh Avenue, 35th Floor, New York, NY, USA, 10106

Website

https://www.tpgrefinance.com

TPG RE Finance Trust Inc is a commercial real estate finance company. It originates, acquires and manages commercial mortgage loans and other commercial real estate-related debt instruments consisting of first mortgage loans and senior participation interests in first mortgage loans secured by institutional-quality properties in primary and select secondary markets in the United States. The company's objective is to provide attractive risk-adjusted returns to its stockholders over time through cash distributions and capital appreciation. It focuses on directly originating and selectively acquiring floating rate first mortgage loans that are secured by high quality commercial real estate properties undergoing some form of transition and value creation.

Executives

Robert Foley	officer: CFO & Chief Risk Officer	888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Deborah J. Ginsberg	officer: Vice President & Secretary	888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Julie Hong Clayton	director	C/O TPG PACE TECH OPPORTUNITIES CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Doug Bouquard	director, officer: Chief Executive Officer	888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Brandon C Fox	officer: Chief Accounting Officer	888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
China Investment Corp	10 percent owner	NEW POLY PLAZA, NO. 1 CHAOYANGMEN BEIDAJIE, DONGCHENG, BEIJING F4 100010
Jon Winkelried	10 percent owner	C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
Tpg Gp A, Llc	10 percent owner	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Tpg Group Holdings (sbs) Advisors, Inc.	10 percent owner	C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Todd Schuster	director	C/O TPG RE FINANCE TRUST, INC., 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Starwood Xi Management Gp, L.l.c.	10 percent owner	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Pe Holder, L.l.cc	10 percent owner	591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Bss Scg Gp Holdings, Llc	10 percent owner	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Starwood Capital Group Holdings Gp, L.l.c.	10 percent owner	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Scgg Ii Gp, L.l.c.	10 percent owner	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139