23 /100
LOW RISK
Score updated Jul 14, 2026

TRTX — TPG RE Finance Trust, Inc. Dilution Risk Tracker

Track TRTX dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of July 14, 2026, TPG RE Finance Trust, Inc. (TRTX) has a DilutionWatch DilutionScore of 23/100, rated LOW dilution risk. TPG RE Finance Trust, Inc. has a market capitalization of $649.39M, 77.31M shares outstanding, 159 institutional holders tracked. Key dilution vectors include approximately 999 months of cash runway.

Source: DilutionWatch (dilutionwatch.com) — data updated daily from SEC EDGAR filings. Not financial advice.

📊 Score Breakdown

📋 Offering Ability
40
💰 Cash Runway
0
📊 Float Risk
5
⚠️ Warrant Exposure
40
🔄Convertible Debt

🌦️ Dilution Forecast

☀️
Clear
No significant dilution signals
0%
No significant dilution signals detected for TRTX.
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💹 Market Data

Market Cap$649.39M
Shares Outstanding77.31M
Float67.42M
Cash$91.98M
Debt$3.38B
Short InterestN/A

🏛 Institutional Holdings

QoQ: ↑ 19.2% shares (2026Q1 vs prior)
159 institutional holders · 77.20M shares
#1 Long Pond Capital, LP 7.03M shares
#2 VANGUARD CAPITAL MANAGEMENT LLC 6.45M shares
#3 BlackRock, Inc. 6.27M shares
+ 17 more holders Sign up free to view →

📉 Short Interest

Short Interest3.81M
Days to Cover4.1
% of Float5.7%
FINRA data as of Jun 30, 2026

📁 Recent SEC Activity

xbrl XBRL CONVERTIBLE Dec 31, 2020
Full SEC filing analysis available with free account

📰 Recent News

No recent news

📋 What This Means for TRTX Shareholders

TPG RE Finance Trust, Inc. (TRTX) has a DilutionScore of 23/100, rated Low dilution risk. At this score level, DilutionWatch's real-time EDGAR monitoring shows limited near-term dilution signals. This does not mean zero dilution risk — shelf registrations can be filed and activated quickly — but the current filing profile shows no major outstanding dilution programs. Score as of July 14, 2026.

DilutionWatch's EDGAR monitoring for TRTX shows no major active dilution programs at this time. The primary risk categories — shelf registration capacity, ATM programs, warrant overhang, and cash runway — are each within normal ranges for a company of this profile. This can change quickly if a new S-3 or Form S-1 is filed.

DilutionWatch tracks over 25 SEC filing types for TRTX in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for TRTX alongside comparable low-risk stocks. Not financial advice — this analysis is for informational purposes only.

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Part of the Guerilla Finance research network. Cross-reference multiple data sources for better due diligence.