Rithm Property Trust Inc (RPT)

Rithm Property Trust Inc. announced Q1 2025 financial results, with GAAP comprehensive income of $1.1 million ($0.02 per diluted share). Q2 2025 financial results showed GAAP comprehensive income of $1.4 million ($0.03 per diluted share). Rithm Property Trust reported a GAAP comprehensive loss of $(0.4) million (approximately $(0.01) per diluted share) for Q3 2025. The company declared common and preferred stock dividends for Q1, Q2, and Q3 2025. RPT's 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". A law firm investigated the proposed sale of RPT Realty to Kimco Realty Corporation.

Demand in the commercial real estate sector can exhibit seasonality. Retail spaces may see increased demand leading up to major holiday shopping seasons, while non-retail commercial spaces might experience a slowdown in leasing activity in November. Office markets have shown seasonal patterns, with some weakness early in the year followed by stronger demand later. The broader real estate market typically sees heightened activity in spring and summer, with a general slowdown during the winter months.

Rithm Property Trust, Inc. (RPT) is a real estate investment trust (REIT) managed by an affiliate of Rithm Capital Corp. Operating in the Real Estate sector, RPT focuses on REIT - Mortgage and Equity Real Estate Investment Trusts (REITs), with a sub-industry focus on Retail REITs. RPT transitioned to a flexible commercial real estate-focused investment strategy, investing in and managing a diverse portfolio of commercial real estate assets, including senior loans, subordinated debt, and commercial real estate properties. RPT specializes in premier open-air shopping centers across strategic U.S. markets, managing over 50 destinations nationwide.

Rithm Property Trust Inc. is headquartered in New York, New York, United States. The company's operational focus is primarily within the United States, where it owns and operates a national portfolio of open-air shopping destinations across strategic markets.

Rithm Property Trust Inc. was formerly known as Great Ajax Corp. and officially changed its name in December 2024. The CEO has acknowledged the effort to build the "Rithm Property Trust brand," indicating that it was not as widely recognized following the company's takeover and strategic redirection, suggesting a recent focus on establishing and enhancing its brand reputation in the commercial real estate market.

Major institutional owners of Rithm Property Trust Inc. (RPT) common stock include Magnetar Financial Llc, Wellington Management Group Llp, Rithm Capital Corp., Vanguard Group Inc., and Blackrock, Inc. Rithm Capital Corp. is also a significant institutional owner of RPT's preferred stock. Institutional ownership of RPT's common stock ranges from approximately 59.1% to 74.07%.