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X ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM_TO___ Commission File Number 001-38156 Maryland ( State or other jurisdiction of incorporation or organization ) 888 Seventh Avenue , 35th Floor New York , New York ( Address of principal executive offices ) Title of each class Common Stock , par value $ 0.001 per share TPG REAL ESTATE FINANCE TRUST TPG RE Finance Trust , Inc. ( Exact name of Registrant as specified in its Charter ) 36-4796967 ( I.R.S. Employer Identification No. ) X ■ 10106 ( Zip Code ) Registrant's telephone number , including area code : ( 212 ) 601-4700 Securities registered pursuant to Section 12 ( b ) of the Act : Name of each exchange on which registered New York Stock Exchange Trading Symbol ( s ) TRTX Securities registered pursuant to Section 12 ( g ) of the Act : None Indicate by check mark if the Registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . YES > NO Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or 15 ( d ) of the Act . YESNO > Indicate by check mark whether the Registrant : ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the Registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . YES NO Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( §232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the Registrant was required to submit such files ) . YES > NO Indicate by check mark whether the Registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of “ large accelerated filer , ” “ accelerated filer , " " smaller reporting company , " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Large accelerated filer Non - accelerated filer Accelerated filer Smaller reporting company Emerging growth company If an emerging growth company , indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . コロロ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the Registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . YES NO As of June 30 , 2020 , the last business day of the Registrant's most recently completed second fiscal quarter , the aggregate market value of the Registrant's common stock held by non - affiliates of the Registrant was $ 740.4 million based on the closing sales price of the Registrant's common stock as reported on the New York Stock Exchange . For purposes of this computation , all officers , directors and 10 % beneficial owners of the Registrant's common stock of which the Registrant is aware are deemed to be affiliates . Such determination should not be deemed to be an admission that such officers , directors or 10 % beneficial owners are , in fact , affiliates of the Registrant . As of February 22 , 2021 , there were 76,895,509 shares of the Registrant's common stock , $ 0.001 par value per share , and 0 shares of the Registrant's Class A common stock , $ 0.001 par value per share , outstanding . DOCUMENTS INCORPORATED BY REFERENCE Part III of this Annual Report on Form 10 - K incorporates information by reference from the Registrant's definitive proxy statement with respect to its 2021 annual meeting of stockholders to be filed with the Securities and Exchange Commission within 120 days after the end of the Registrant's fiscal year .