RPT
Rithm Property Trust Inc.2.8800
+0.1000+3.6%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Recap details, loan pool surfaced
Q&A fleshed out RPT's recap blueprint, spotlighting a $1B Genesis multifamily loan pool ready for immediate earnings pop—no J-curve—once capital forms. Management confirmed $50M back-ended Paramount stake as pro rata to Rithm, while openness to third-party capital tempers market patience. Sourcing blends high-demand Genesis originations (levered north of 15%) with third-party flows, credit-first. Timing hinges on markets. Analysts pressed on execution; Nierenberg stayed opportunistic, no dilutive rush. Watch capital raise and loan deployment for thesis lift.
Key Stats
Market Cap
130.83MP/E (TTM)
41.14Basic EPS (TTM)
0.07Dividend Yield
0.09%Recent Filings
10-K
FY2025 results
Rithm Property Trust narrowed its FY2025 net loss attributable to common stockholders to $2.7M from prior-year losses, driven by portfolio repositioning from residential mortgages ($363M held-for-investment at year-end, down from $396M) into higher-yielding CMBS ($274M). Net interest income climbed $6.1M y/y to $15.4M as residential loan runoff cut funding costs, though Q4 CMBS momentum accelerated with reinvestments yielding richer margins. Expenses plunged $23.9M on lower management fees post-Strategic Transaction; other income swung positive on $7.0M CECL reversal and $5.9M held-for-sale gains. Cash swelled to $79M, bolstered by $51M Series C preferred raise, yet legacy residential drag persists. Q4 stabilized delinquencies at ~20%. CRE volatility looms large.
8-K
Q4 profit, negative distributable earnings
Rithm Property Trust posted Q4 GAAP comprehensive income of $2.5M ($0.33/share), swinging to profit from Q3's loss, yet non-GAAP earnings available for distribution stayed negative at $(0.5)M ($(0.06)/share). Full-year comprehensive income hit $4.6M ($0.61/share), book value rose to $31.80/share post 1-for-6 reverse split on Dec 30, 2025. Dividends held at $0.36/share despite shortfalls.
8-K
1-for-6 reverse split completed
Rithm Property Trust completed a 1-for-6 reverse stock split on December 30, 2025, slashing outstanding common shares from 45,401,123 to ~7,566,853. Charter amendments boosted par value temporarily to $0.06 before reverting to $0.01; fractions got cashed out. Trading resumes adjusted on NYSE December 31. Ownership percentages hold steady.
8-K
1-for-6 reverse split approved
Rithm Property Trust approved a one-for-six reverse stock split on December 19, 2025, effective 5:00 p.m. ET December 30, slashing outstanding common shares from 45.4 million to 7.6 million. Trading resumes adjusted on NYSE December 31 under new CUSIP 38983D 854; cash pays fractional shares. It preserves ownership percentages. Liquidity may drop, per risks.
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