Company research
Rithm Property Trust Inc.
CIK 1614806Updated Sep 24, 2026
Name history
Great Ajax Corp. · through Nov 13, 2024
RPT price & chart
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NYSE:RPT on TradingView ↗About the company
Rithm Property Trust is an opportunistic commercial real estate investment platform externally managed by an affiliate of Rithm Capital Corp. (NYSE: RITM). Rithm Property Trust is a Maryland corporation that is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes.
In the news
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Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Other Events
Items 8.01
424B5 filing
Results of Operations and Financial Condition · Regulation FD Disclosure · Other Events
Items 2.02, 7.01, 8.01, 9.01
Show 5 more recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Submission of Matters to a Vote of Security Holders
Items 5.02, 5.07, 9.01
Entry into a Material Definitive Agreement
Items 1.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02
ARS filing
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,041,527,000Source | 977,339,000Source | 1,336,291,000Source | 1,484,426,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 79,321,000Source | 64,252,000Source | 52,834,000Source | 47,845,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 750,430,000Source | 730,571,000Source | 1,025,396,000Source | 1,146,961,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 50,785,000Source | — | — | — |
| Retained Earnings (Accumulated Deficit)USD | -171,768,000Source | -158,003,000Source | -54,382,000Source | 13,275,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,647,000Source | -8,991,000Source | -14,027,000Source | -25,649,000Source |
| Stockholders' Equity Attributable to ParentUSD | 291,553,000Source | 246,922,000Source | 308,933,000Source | 335,328,000Source |
| Additional Paid in Capital, Common StockUSD | 425,703,000Source | 425,039,000Source | 352,060,000Source | 322,439,000Source |
| Liabilities and EquityUSD | 1,041,527,000Source | 977,339,000Source | 1,336,291,000Source | 1,484,426,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -456,000Source | -154,000Source | 1,962,000Source | 2,137,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 1,474,000Source | -93,050,000Source | -46,957,000Source | -14,936,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 88,000Source | 350,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -8,305,000Source | 290,000Source | -46,464,000Source | 1,135,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -33,247,000Source | 297,275,000Source | 172,820,000Source | 223,090,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -7,998,000Source | — | 0Source | 0Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | 0Source | 27,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | — | 0Source | 4,653,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 57,432,000Source | -286,147,000Source | -121,367,000Source | -260,806,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 15,880,000Source | 11,418,000Source | 4,989,000Source | -36,581,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 80,132,000Source | 64,252,000Source | 52,834,000Source | 47,845,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 35,408,000Source | 25,867,000Source | 56,221,000Source | 41,153,000Source |
| Additional Financial Items | ||||
| Accretion Expense, Including Asset Retirement ObligationsUSD | — | — | 4,491,000Source | 11,143,000Source |
| Amortization of Debt Issuance CostsUSD | 1,514,000Source | 5,416,000Source | 2,711,000Source | 3,718,000Source |
| Debt and Equity Securities, Gain (Loss)USD | -3,037,000Source | -2,197,000Source | -3,347,000Source | -4,775,000Source |
| Debt Securities, Realized Gain (Loss)USD | -8,700,000Source | 1,600,000Source | — | — |
| Deconsolidation, Gain (Loss), AmountUSD | 100,000Source | -4,534,000Source | 0Source | 0Source |
| Gain (Loss) on InvestmentsUSD | — | 0Source | -11,024,000Source | -6,115,000Source |
| Gain (Loss) on Sale of Mortgage LoansUSD | 5,892,000Source | — | — | — |
| Gain (Loss) on Sale of PropertiesUSD | 455,000Source | 727,000Source | 100,000Source | 898,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | 0Source | 31,000Source | 0Source |
| General and Administrative ExpenseUSD | 4,160,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | -1,077,000Source | -1,308,000Source | -1,218,000Source |
| Income Tax Expense (Benefit)USD | 60,000Source | 145,000Source | 243,000Source | 2,835,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,472,000Source | -91,835,000Source | -47,071,000Source | -15,011,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 2,000Source | -1,215,000Source | 114,000Source | 75,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -2,740,000Source | -92,175,000Source | -49,261,000Source | -28,679,000Source |
| Operating ExpensesUSD | 15,989,000Source | — | — | — |
| Other Nonoperating Income (Expense)USD | 2,110,000Source | — | — | — |
| Payments for Repurchase of WarrantsUSD | — | — | 0Source | 35,000,000Source |
| Payments of Financing CostsUSD | — | 0Source | — | — |
| Proceeds from Issuance of Common StockUSD | 0Source | 14,000,000Source | 28,181,000Source | 4,778,000Source |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | 0Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 0Source | 1,112,000Source | -5,597,000Source | -8,120,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Other Nonoperating Income (Expense)USD | 2,110,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 1,534,000Source | -92,905,000Source | -46,714,000Source | -12,101,000Source |
| Income Tax Expense (Benefit)USD | 60,000Source | 145,000Source | 243,000Source | 2,835,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 2,000Source | -1,215,000Source | 114,000Source | 75,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,472,000Source | -91,835,000Source | -47,071,000Source | -15,011,000Source |
| Earnings Per Share, BasicUSD per share | -0.36Source | -2.29Source | -2.01Source | -1.24Source |
| Earnings Per Share, DilutedUSD per share | -0.36Source | -2.29Source | -2.01Source | -1.24Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 7,570,205Source | 40,195,479Source | 24,286,999Source | 22,747,635Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 7,570,205Source | 40,195,479Source | 24,286,999Source | 23,037,578Source |
| Additional Financial Items | ||||
| Accretion Expense, Including Asset Retirement ObligationsUSD | — | — | 4,491,000Source | 11,143,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 1.44Source | 0.28Source | 0.76Source | 1.06Source |
| Costs and ExpensesUSD | — | 37,417,000Source | 29,671,000Source | 35,393,000Source |
| Debt and Equity Securities, Gain (Loss)USD | -3,037,000Source | -2,197,000Source | -3,347,000Source | -4,775,000Source |
| Debt Securities, Realized Gain (Loss)USD | -8,700,000Source | 1,600,000Source | — | — |
| Gain (Loss) on InvestmentsUSD | — | 0Source | -11,024,000Source | -6,115,000Source |
| General and Administrative ExpenseUSD | 4,160,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | 2,400,000Source | 32,900,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | -1,077,000Source | -1,308,000Source | -1,218,000Source |
| Interest ExpenseUSD | — | — | 59,286,000Source | 43,632,000Source |
| InterestExpenseOperatingUSD | 37,387,000Source | 43,572,000Source | — | — |
| Interest Income, Debt Securities, OperatingUSD | — | 12,087,000Source | — | — |
| Interest Income (Expense), NetUSD | 15,413,000Source | 9,302,000Source | 13,046,000Source | 38,950,000Source |
| Interest Income, OperatingUSD | 52,800,000Source | 52,874,000Source | 72,332,000Source | 82,582,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -2,740,000Source | -92,175,000Source | -49,261,000Source | -28,679,000Source |
| Operating ExpensesUSD | 15,989,000Source | — | — | — |
| Other General ExpenseUSD | — | 9,631,000Source | 6,985,000Source | 5,912,000Source |
| Other IncomeUSD | — | -4,089,000Source | -9,651,000Source | -4,007,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 4,212,000Source | 340,000Source | 2,190,000Source | 5,474,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 0Source | 0Source | -537,000Source | -361,000Source |
Filing attachments
tm264627d2_ex99-1.htm · 8-K · 2026-07-13
EX-99.1 2 tm264627d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 May 2026 Loan Purchase On May 13, 2026, we completed the purchase, through a wholly-owned subsidiary, of a portfolio of multifamily transition loans (“MTLs”) consisting of construction loans, bridge loans and renovation loans originated by Genesis (the “May 2026 Loan Portfolio”) using borrowings under our CRE Repurchase Facility (as defined below) with a weighted average advance rate of approximately 75%, and other available cash on…
Read attachment ↗tm264627d2_ex99-2.htm · 8-K · 2026-07-13
EX-99.2 3 tm264627d2_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 Rithm Property Trust Announces Public Offering of Common Stock July 13, 2026 NEW YORK--(BUSINESS WIRE)-- Rithm Property Trust Inc. (NYSE: RPT, “RPT” or the “Company”) announced today the commencement of a public offering of the Company’s common stock (the “Offering”). In connection with the Offering, the Company expects to grant the underwriters an option for a period of 30 days to purchase an additional 15% of the number of shares…
Read attachment ↗