Rithm Property Trust Inc (RPT)

Rithm Property Trust, Inc. declared its third-quarter and second-quarter 2025 common and preferred dividends. The company released its Second Quarter 2025 results on July 24, 2025, reporting GAAP comprehensive income of $1.4 million ($0.03 per diluted share) and earnings available for distribution of $0.1 million ($0.00 per share), while maintaining a quarterly dividend of $0.06 per share and its First Quarter 2025 financial results showed GAAP comprehensive income of $1.1 million ($0.02 per diluted share) and earnings available for distribution of $0.7 million ($0.02 per diluted share). In March 2025, its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock was approved for listing on the New York Stock Exchange under the symbol 'RPT PRC'. The company rebranded from Great Ajax Corp. to Rithm Property Trust Inc. in December 2024. RPT's stock price has shown stable volatility over the past year, with weekly volatility at 3%, but underperformed both the US Mortgage REITs industry and the broader US Market.

Specific information regarding demand seasonality for Rithm Property Trust, Inc.'s mortgage REIT products and services is not readily available. Demand is generally influenced more by broader economic cycles, interest rate fluctuations, and overall real estate market conditions rather than typical seasonal consumer patterns.

Rithm Property Trust, Inc. (RPT) is a mortgage REIT in the United States, externally managed by an affiliate of Rithm Capital Corp. The company focuses on a flexible commercial real estate investment strategy, acquiring and managing re-performing and non-performing loans. RPT also invests in various commercial real estate assets and securities. The company, formerly known as Great Ajax Corp., changed its name in December 2024.

Rithm Property Trust, Inc. primarily operates within the United States and is based in New York, New York.

Rithm Property Trust, Inc.'s reputation has been influenced by its strategic transition and financial performance. Analysts have offered ratings, including a "Strong Buy" consensus with a 12-month price target of $3.5. Discussions around its preferred stock have highlighted a "High Yield Accompanied By High Risk" due to weak financial backing and ongoing negative earnings, with concerns about repeated common stock dividend cuts. The company's strategic growth plans amid market challenges have also been a focal point.

Rithm Property Trust, Inc. has significant institutional ownership, with 74.07% of its shares held by institutions including Magnetar Financial LLC and Wellington Management Group LLP. Lawrence Mendelsohn is the largest individual shareholder, holding 2.04 million shares, representing 4.49% of the company. Insiders collectively own 1.17% of the company.