RPT
Rithm Property Trust Inc.2.8800
+0.1000+3.6%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
130.83MP/E (TTM)
41.14Basic EPS (TTM)
0.07Dividend Yield
0.09%Recent Filings
8-K
Q3 2025 loss reported
Rithm Property Trust reported a GAAP comprehensive loss of $0.4 million, or $0.01 per diluted common share, for Q3 2025 ended September 30, alongside non-GAAP earnings available for distribution of $0.7 million loss, or $0.02 per share. Net interest income dipped to $3.988 million from $4.213 million in Q2, while the company paid a $0.06 per share common dividend totaling $2.7 million. Book value held at $5.30 per share. Losses stemmed from unrealized gains and other adjustments.
10-Q
Q2 FY2025 results
Rithm Property Trust swung to a $1.9 million net profit in Q2 FY2025 ended June 30, 2025, up from a $12.9 million loss a year earlier, fueled by $4.2 million net interest income that climbed 1,110% y/y on higher-yielding CMBS buys offsetting residential loan sales. Expenses dropped 56% y/y to $4.0 million, mainly from slashed general and administrative costs, while a $2.5 million unrealized gain on held-for-sale loans beat last year's $6.5 million hit. Cash swelled to $98.6 million after issuing $50.8 million in Series C preferred stock, backing $362.5 million in repo debt and $241.8 million secured bonds at 156% collateral coverage. The shift to commercial real estate shines through, yet office sector woes linger as a key risk.
8-K
Q2 earnings rise, distribution flat
Rithm Property Trust reported Q2 2025 GAAP comprehensive income of $1.4 million, or $0.03 per diluted common share, up from $1.1 million in Q1, while non-GAAP earnings available for distribution fell to $0.1 million, or $0.00 per share. Book value per common share dipped slightly to $5.37 from $5.40, amid a $2.7 million common dividend payout. The quarter laid groundwork for core portfolio growth via a robust pipeline and disciplined investments. Momentum builds, yet earnings variability persists.
8-K
Annual meeting elects directors, approves shares
Rithm Property Trust held its 2025 annual stockholder meeting on June 2, electing Paul Friedman and Michael Nierenberg with strong support, while Mary Haggerty and Daniel Hoffman faced significant withheld votes. Stockholders approved issuing up to 7.7 million common shares to manager RCM GA Manager LLC for fees, ratified Ernst & Young as auditors, and backed annual advisory votes on executive pay—though only 56% favored the compensation itself. This signals alignment on governance but highlights investor scrutiny of leadership and incentives.
10-Q
Q1 FY2025 results
Rithm Property Trust narrowed its net loss to $3.4 million in Q1 FY2025 ended March 31, 2025, from $74.0 million a year earlier, thanks to a $48.3 million swing in fair value gains on mortgage loans held-for-sale and no credit loss provisions after repositioning its portfolio. Net interest income climbed 134% year-over-year to $3.8 million (derived), fueled by higher-yielding CMBS investments that now represent 27% of assets, while residential loans shrank to $387 million from $865 million. Cash swelled to $97.4 million after issuing $50.8 million in Series C preferred stock, bolstering liquidity against $367 million in short-term repo debt and $110 million in 8.875% notes due 2027. The shift to commercial real estate sharpens focus but exposes the firm to office sector woes amid high vacancies.
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