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TRTX-P-C NOW TRADING POST CALL DATE

TPG RE Finance Trust, Inc. · Series C · REIT - Diversified
Also quoted as: TRTX-C, TRTXprC, TRTX.PRC, TRTX-PC, TRTXpC
$18.69
last price

About this security

TRTX-P-C is a 6.25% cumulative perpetual preferred stock issued by TPG RE Finance Trust, Inc., a REIT - Diversified issuer. $25 liquidation preference, current yield 8.36%, callable from 2026-06-14.

TPG RE Finance Trust, Inc.: . Company and Organization TPG RE Finance Trust, Inc. is a commercial real estate finance company externally managed by TPG RE Finance Trust Management, L.P., an affiliate of TPG. Our principal executive offices are located at 888 Seventh Avenue, 35 th Floor, New York, New York 10106. We are organized as a holding company and conduct our operations primarily through TPG RE Finance Trust Holdco, LLC (“Holdco”), a wholly owned Delaware limited liability company, and Holdco’s direct and indirect subsidiaries. We conduct our operations as a REIT for U.S. federal income tax purposes. We generally will not be subject to U.S. federal income taxes on our REIT taxable income to the extent that we annually distribute all of our REIT taxable income to stockholders and maintain our qualification as a REIT. We also operate our business in a manner that permits us to maintain an exclusion or exemption from registration under the Investment Company Act. We operate our business as one segment. Our principal business activity is to directly originate and acquire a diversified portfolio of commercial real estate-related assets, consisting primarily 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. Manager We are externally managed by our Manager, TPG RE Finance Trust Management, L.P., an affiliate of TPG. TPG is a leading global alternative asset manager with $303 billion in assets under management as of December 31, 2025. ↗

Issuer page — all TPG RE Finance Trust, Inc. securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below ✓ verified against SEC filing

live page · rendered 22:37:36 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current Yield
8.36%
Annual Dividend
$1.5625
Recent Market Price
$18.69
as of 2026-06-17
Disc/Prem to Par (→ screen)
-25.24% (−$6.31)
Recent Ex-Date
2026-03-20
Pay Frequency
quarterly
Cumulative
Yes
Original Coupon
6.250%
Call Date
2026-06-14 ⚑ callable now
Yield to Call
n/a — callable now
Yield to Worst
8.36%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No — Limited change-of-control conversion
Pay Dates
March 30, June 30, September 30, December 30
Shares Offered (original)
7,000,000 +1,050,000 OA
Issued
2021-06-14
Series
C
Alt. Symbology
TRTX-C, TRTXprC, TRTX.PRC, TRTX-PC, TRTXpC

vs. REIT - Diversified category (121 issues): yield 8.36% vs avg 8.14% · discount -25.2% vs avg -13.9%

Quote

 TRTX-P-C (preferred)TRTX (common)
Last $18.69 $8.59
Change — —
Open$18.81$8.64
High / Low $18.99 / $18.59 $8.68 / $8.57
Prev Close——
Volume16,350383,087
52-Week High / Low $19.87 / $17.00 $9.85 / $7.48

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

● TRTX-P-C ● TRTX (common)

Dividend History

Ex-DateAmount / Share
2026-03-20$0.390600
2025-12-19$0.390600
2025-09-19$0.390600
2025-06-20$0.390600
2025-03-21$0.390600
2024-12-20$0.390600
2024-09-20$0.390600
2024-06-18$0.390600
2024-03-15$0.390600
2023-12-18$0.390600
2023-09-18$0.390600
2023-06-16$0.390600

Performance — $10K Calculator

See what an investment in TRTX-P-C would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

🔔 Get dividend & filing alerts for TRTX-P-C →

Prospectus (SEC 424B5)

TPG RE Finance Trust, Inc. is offering 7,000,000 shares of our 6.25% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock" or the "Shares").

Use of proceeds: We intend to use net proceeds, together with cash on hand, to redeem all outstanding shares of our Series B Preferred Stock.

Full Prospectus (SEC filing) →

News — TPG RE Finance Trust, Inc.

Issuer news via Tiingo, tagged to TRTX.

Related Articles

About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
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