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Rithm Property Trust Inc.

Rithm Property Trust Inc.

RPT · NYSE · Real Estate / REIT - Mortgage

10.76USD-0.27 (-2.45%)

Price History

Full chart

Market Stats

Previous Close11.03
Open11.07
Day Range10.70 – 11.07
52-Week Range9.80 – 16.72
Volume14.73K
Market Cap83.79M
P/E (TTM)0.00
Forward P/E50.76
EPS-0.28
Dividend Yield13.32%
Beta1.20
50-Day Avg12.30
200-Day Avg14.18

About

Rithm Property Trust Inc., an externally managed real estate investment trust (REIT), focuses on investments in the commercial real estate (CRE) sector. It operates through two segments: Residential and Commercial. The Residential segment is involved in managing its portfolio of residential mortgage assets, including whole mortgage loans, residential mortgage-backed securities, and beneficial interests. The Commercial segment is focused on originating, acquiring, and managing portfolios of commercial mortgage-backed securities, commercial real property, commercial mortgage loans, and other CRE investments. It operates in California, Florida, New York, New Jersey, Maryland, Virginia, Illinois, Georgia, Texas, North Carolina, and internationally. The company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was formerly Great Ajax Corp. and changed its name to Rithm Property Trust Inc. in December 2024. Rithm Property Trust Inc. was incorporated in 2014 and is headquartered in New York, New York.

Company Details

  • SectorReal Estate
  • IndustryREIT - Mortgage
  • CEOMr. Michael B. Nierenberg
  • Employees0
  • Headquarters799 Broadway, New York, NY, United States, 10003, USA
  • Websitehttps://www.rithmpropertytrust.com

Leadership

  • Mr. Michael B. NierenbergPresident, CEO & Director · b. 1963
  • Mr. Nicola Santoro Jr., CPACFO & Chief Accounting Officer · b. 1968
  • Ms. Emma B. BollaSecretary

Financials

Income Statement

Currency: USD1988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue34.30M29.80M36.80M27.90M29.90M26.90M26.41M16.72M40.51M59.24M76.75M85.27M92.33M90.97M91.22M108.40M131.90M141.62M153.25M153.25M142.19M124.14M119.76M121.32M128.74M170.07M218.36M251.79M260.93M265.08M260.62M234.09M28.53M75.76M217.66M-16.86M47.22M50.10M
Growth (%)--13.12%+23.49%-24.18%+7.17%-10.03%-1.83%-36.69%+142.35%+46.23%+29.56%+11.10%+8.27%-1.47%+0.27%+18.83%+21.67%+7.38%+8.21%+0.00%-7.22%-12.69%-3.53%+1.30%+6.11%+32.10%+28.40%+15.31%+3.63%+1.59%-1.68%-10.18%-87.81%+165.55%+187.28%-107.75%+380.09%+6.10%
Cost of Revenue--------------13.45M19.10M20.52M20.99M24.62M23.86M28.41M37.88M36.59M36.40M35.79M46.36M62.43M73.61M74.89M74.78M73.29M71.51M63.96M7.43M66.71M67.42M4.17M30.38M
Gross Profit34.30M29.80M36.80M27.90M29.90M26.90M26.41M16.72M40.51M59.24M76.75M85.27M92.33M90.97M77.78M89.30M111.37M120.64M128.63M129.40M113.77M86.26M83.17M84.92M92.94M123.71M155.94M178.18M186.03M190.30M187.33M162.58M28.53M68.33M150.95M-16.86M-61.07M19.72M
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%85.26%82.38%84.44%85.18%83.93%84.43%80.02%69.49%69.44%70.00%72.20%72.74%71.41%70.76%71.30%71.79%71.88%69.45%100.00%90.19%69.35%100.00%-129.33%39.35%
Operating Expense-39.70M-400.00K-4.80M-900.00K-2.50M-2.70M10.76M13.18M37.85M46.39M64.34M68.31M74.56M77.67M67.30M77.76M91.37M107.66M114.46M75.94M108.19M79.78M50.32M55.91M84.82M78.58M132.61M112.68M115.13M126.90M135.07M108.56M1.83M12.96M113.46M29.86M-16.64M18.18M
Operating Income74.00M30.20M41.60M28.80M32.40M29.60M15.64M3.54M2.67M12.86M12.41M16.96M17.76M13.30M10.47M11.54M20.00M12.97M14.17M53.45M5.59M6.48M32.84M29.02M8.13M45.13M23.33M65.50M70.91M63.40M52.26M54.02M26.70M55.38M37.49M-46.71M-44.43M1.53M
Operating Margin215.74%101.34%113.04%103.23%108.36%110.04%59.23%21.16%6.58%21.70%16.17%19.89%19.24%14.62%11.48%10.65%15.16%9.16%9.25%34.88%3.93%5.22%27.43%23.92%6.31%26.54%10.68%26.01%27.18%23.92%20.05%23.08%93.57%73.09%17.22%277.09%-94.09%3.06%
EBITDA74.00M30.20M41.60M28.90M33.00M30.20M16.39M4.55M7.46M21.07M24.60M29.27M29.24M30.39M28.21M31.09M52.22M41.97M68.86M57.79M64.84M72.18M112.55M66.94M75.23M94.26M132.21M181.63M163.04M163.70M159.02M213.18M105.87M72.25M116.94M--44.43M1.53M
EBITDA Margin215.74%101.34%113.04%103.58%110.37%112.27%62.07%27.24%18.43%35.57%32.05%34.32%31.67%33.40%30.92%28.68%39.59%29.64%44.94%37.71%45.60%58.15%93.98%55.18%58.44%55.43%60.54%72.14%62.49%61.76%61.02%91.07%371.08%95.37%53.73%--94.09%3.06%
Net Income-5.40M23.70M23.80M12.80M8.80M3.10M15.64M3.54M292.00K9.20M8.66M11.84M11.76M13.86M11.01M11.09M15.12M18.49M35.62M38.67M23.50M13.72M-20.15M-26.76M7.20M11.00M-2.36M65.11M59.66M69.06M17.62M91.51M28.50M41.85M-15.01M-47.07M-91.83M1.47M
Net Income Margin-15.74%79.53%64.67%45.88%29.43%11.52%59.23%21.16%0.72%15.53%11.28%13.88%12.73%15.24%12.06%10.23%11.46%13.06%23.25%25.24%16.53%11.05%-16.82%-22.06%5.60%6.47%-1.08%25.86%22.87%26.05%6.76%39.09%99.88%55.24%-6.90%279.20%-194.48%2.94%
Interest Expense--------------26.43M29.43M38.35M42.42M45.41M42.61M36.52M31.09M35.36M28.14M25.89M29.07M33.74M40.78M43.07M44.87M43.44M40.06M39.32M37.02M35.59M59.29M43.57M37.39M
Interest Expense % of Total Revenue--------------28.97%27.15%29.08%29.95%29.63%27.80%25.68%25.04%29.53%23.19%20.11%17.10%15.45%16.20%16.51%16.93%16.67%17.11%137.80%48.87%16.35%-351.66%92.27%74.62%

Balance Sheet

Currency: USD1988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets227.10M240.30M235.60M241.60M215.60M186.40M186.17M180.58M322.85M484.68M544.40M550.51M560.28M552.73M697.84M826.98M1.04B1.13B1.06B1.09B1.01B997.96M1.05B1.05B1.17B1.65B1.95B2.13B2.06B2.03B1.93B1.92B1.65B1.76B1.95B1.34B977.34M1.04B
Total Liabilities29.10M36.30M37.80M50.40M33.00M10.10M3.60M3.56M158.28M314.44M348.73M358.66M374.44M371.17M450.25M488.31M673.40M774.44M720.72M765.74M701.49M591.39M613.46M567.65M605.46M854.29M1.05B1.22B1.17B1.15B1.10B1.07B1.14B1.26B967.79M1.03B730.57M750.43M
Total Equity198.00M204.00M197.80M191.20M182.60M176.30M182.60M177.02M119.86M127.96M147.14M143.45M138.54M133.41M201.00M295.69M330.01M312.41M304.58M281.40M273.19M367.23M402.27M449.07M529.78M770.10M872.36M884.22M870.72M864.32M811.96M828.24M485.36M497.30M960.51M308.93M246.92M291.55M
Cash------802.38K1.17M3.54M5.03M4.55M5.74M2.94M5.54M9.97M19.88M15.04M14.93M11.55M14.98M5.29M8.80M10.18M12.15M4.23M5.79M9.34M6.64M3.58M8.08M41.06M110.26M107.15M84.43M5.41M52.83M64.25M79.32M
Total Debt-24.30M24.30M36.90M20.70M5.00M--143.41M295.62M328.25M337.55M354.01M347.27M423.25M454.36M633.43M732.77M683.91M698.24M669.79M559.48M578.34M524.85M547.30M758.86M923.53M1.08B1.02B1.00B964.12M949.91M1.13B678.41M907.38M621.57M722.57M741.82M
Net Debt-24.30M24.30M36.90M20.70M5.00M-802.38K-1.17M139.87M290.58M323.70M331.81M351.07M341.73M413.27M434.48M618.39M717.84M672.36M683.27M664.50M550.67M568.16M512.70M543.07M753.07M914.20M1.08B1.02B992.16M923.06M839.66M1.02B593.98M901.96M568.74M658.31M662.50M

Cash Flow

Currency: USD1989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow29.90M24.60M19.70M19.90M9.90M14.45M2.34M14.25M17.03M16.79M23.95M17.13M24.56M18.55M26.03M46.39M44.60M46.78M85.99M27.00M48.06M43.25M44.70M62.19M85.58M110.59M105.16M117.09M117.92M106.32M90.59M63.06M92.86M97.67M-46.46M290.00K-4.50M
Investing Cash Flow13.70M-17.80M-4.00M500.00K21.70M37.18M-56.34M19.75M-153.18M-38.28M-10.70M-12.78M5.77M-80.41M-81.21M-105.56M-85.96M42.11M23.18M33.60M-3.44M-101.94M-79.75M-173.21M-355.75M-315.72M-154.33M7.75M-10.34M42.26M95.09M-18.93M-167.13M-63.73M172.82M297.27M-37.06M
Financing Cash Flow-17.60M-30.00M-7.40M-33.90M-30.50M-15.85M-9.12M-41.93M137.65M21.00M-12.06M-7.15M-27.73M64.30M65.09M54.34M41.24M-84.48M-105.74M-70.28M-41.11M60.38M37.02M103.09M271.73M208.67M46.48M-127.90M-103.08M-116.75M-115.86M52.80M-123.18M-42.10M-121.37M-286.15M57.43M
Capital Expenditure000008.83M1.01M41.73M152.49M38.50M43.18M27.33M21.73M105.55M96.19M119.08M59.47M50.42M87.13M67.88M21.60M87.72M101.69M38.43M44.63M80.74M60.92M72.04M63.26M77.17M56.60M23.12M28.14M29.41M000
Free Cash Flow29.90M24.60M19.70M19.90M9.90M5.62M1.33M-27.48M-135.47M-21.71M-19.22M-10.21M2.83M-87.00M-70.17M-72.70M-14.86M-3.64M-1.15M-40.88M26.47M-44.47M-56.99M23.76M40.96M29.85M44.23M45.06M54.67M29.15M33.99M39.94M64.72M68.27M-46.46M290.00K-4.50M
Dividends Paid23.40M23.80M20.10M17.20M11.10M9.12M9.12M9.54M11.97M13.16M15.38M15.46M15.30M18.25M24.85M32.06M36.00M36.48M37.09M6.25M20.48M22.50M28.64M37.40M48.94M63.12M72.75M76.08M78.61M78.84M79.03M42.91M28.95M50.94M20.59M11.45M11.03M
FCF to OCF100.00%100.00%100.00%100.00%100.00%38.88%56.93%-192.80%-795.64%-129.25%-80.25%-59.59%11.52%-469.08%-269.56%-156.72%-33.32%-7.78%-1.33%-151.43%55.06%-102.82%-127.48%38.21%47.86%26.99%42.07%38.48%46.36%27.42%37.52%63.33%69.70%69.89%100.00%100.00%100.00%
Dividend Paid to FCF78.26%96.75%102.03%86.43%112.12%162.37%685.76%-34.74%-8.83%-60.61%-80.00%-151.53%540.83%-20.97%-35.42%-44.10%-242.19%-1002.47%-3239.04%-15.28%77.37%-50.60%-50.25%157.37%119.48%211.44%164.47%168.85%143.80%270.48%232.51%107.45%44.72%74.62%-44.31%3946.55%-245.27%

Earnings

Report DateMar 18, 2015May 4, 2015Aug 3, 2015Nov 2, 2015Mar 2, 2016May 3, 2016Aug 2, 2016Nov 1, 2016Mar 2, 2017May 2, 2017Aug 3, 2017Nov 7, 2017Mar 7, 2018May 1, 2018Aug 7, 2018Nov 6, 2018Feb 20, 2019May 7, 2019Aug 6, 2019Nov 5, 2019Feb 19, 2020May 5, 2020Aug 4, 2020Nov 5, 2020Feb 17, 2021May 6, 2021Aug 5, 2021Nov 4, 2021Feb 16, 2022May 5, 2022Aug 5, 2022Nov 3, 2022Feb 15, 2023May 4, 2023Aug 3, 2023Nov 2, 2023Feb 20, 2024May 3, 2024Jul 24, 2024Oct 21, 2024Jan 30, 2025Apr 28, 2025Jul 24, 2025Oct 31, 2025Feb 26, 2026Apr 24, 2026Jul 28, 2026Oct 30, 2026
EPS Estimate-2.002.673.04-3.282.993.00-2.702.842.46-2.542.322.470.072.262.252.160.032.031.441.30-0.051.561.862.32-0.032.081.841.21-0.02-0.160.700.18-0.050.72-0.930.18-0.120.140.160.240.03-0.02-0.040.09
EPS Actual1.601.622.092.903.162.902.432.431.972.672.162.201.962.202.141.61-0.072.092.762.090.830.221.621.44-0.092.102.772.28-0.150.90-1.49-1.980.24-0.54-0.66-0.54-0.07-0.96-1.92-1.080.060.120.01-0.12-0.06-0.04-0.01-
Surprise--19.00%-21.72%-4.61%--11.59%-18.73%-19.00%--1.11%-23.94%-10.57%--13.39%-7.76%-34.82%-200.00%-7.52%22.67%-3.24%2666.67%-89.16%12.50%10.77%-64.84%34.62%48.92%-1.72%-495.24%-56.73%-180.98%-263.64%1300.00%-237.50%-194.29%-400.00%-40.00%-233.33%-106.45%-700.00%150.00%-14.29%-91.56%-150.00%-300.00%-100.00%75.00%-
Timing-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursPre-marketAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-market-Pre-marketAfter-hours-

Key Statistics & Ratios

Market Cap83.79M
Enterprise Value699.94M
Trailing P/E0.00
Forward P/E50.76
Price / Sales3.90
Price / Book0.37
EPS-0.28
Book Value30.17
Revenue (TTM)21.47M
Gross Profit (TTM)19.49M
Profit Margin13.90%
Operating Margin31.39%
Return on Equity1.03%
Return on Assets0.31%
Shares Outstanding7.77M
Shares Float6.04M
Beta1.20
Dividend Yield13.32%
Dividend Rate1.44
Payout Ratio342.86%

Analyst Ratings

Buy
Based on 3 analystsTarget 22.00
  • Strong Buy
    2
  • Hold
    1

Ownership Breakdown

Institutions
71.78%
Insiders
0.16%
Retail / Other
28.06%

Top Institutional Holders

  • Magnetar Financial LLC
    1.64M21.09%
  • Wellington Management Company LLP
    1.06M13.63%
  • Rithm Capital Corp
    766.14K9.86%
  • BlackRock Inc
    393.23K5.06%
  • Vanguard Capital Management, LLC
    310.83K4.00%
  • FMR Inc
    212.66K2.74%
  • Geode Capital Management, LLC
    187.20K2.41%
  • Family Management Corporation
    157.80K2.03%
  • State Street Corp
    77.68K1.00%
  • Millennium Management LLC
    74.24K0.96%
  • Renaissance Technologies Corp
    60.02K0.77%
  • UBS Group AG
    56.83K0.73%
  • Northern Trust Corp
    52.27K0.67%
  • Vanguard Fiduciary Trust Co
    46.85K0.60%
  • The Goldman Sachs Group Inc
    45.08K0.58%
  • Yakira Capital Management, Inc.
    41.39K0.53%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    221.99K2.86%
  • Fidelity Real Estate Income
    144.01K1.85%
  • Fidelity SAI Real Estate Income
    68.53K0.88%
  • Fidelity Extended Market Index
    50.01K0.64%

Dividends

20264×
0.36Oct 30, 20260.36Jul 7, 20260.36May 15, 20260.36Jan 30, 2026
20254×
0.36Nov 14, 20250.36Aug 15, 20250.36May 15, 20250.36Feb 14, 2025
20244×
0.36Nov 15, 20240.36Aug 15, 20240.36May 14, 20240.60Mar 14, 2024
20237×
1.16Dec 6, 20230.66Nov 14, 20230.84Sep 19, 20231.20Aug 14, 20230.84Jun 16, 20231.20May 12, 20231.50Mar 16, 2023
20225×
0.78Dec 19, 20221.62Nov 14, 20220.78Sep 19, 20221.62Aug 12, 20220.78Jun 16, 2022

Stock Splits

  • Dec 31, 20251:6