Rithm Property Trust (RPT) Company Report

Rithm Property Trust Inc. (RPT) announced a one-for-six reverse stock split of its common stock, effective December 30, 2025, at 5:00 p.m. Eastern Time.
Trading on a Reverse Stock Split-adjusted basis is expected to commence on December 31, 2025, under the new CUSIP number 38983D 854.
This action will reduce the number of outstanding shares of common stock from approximately 45.4 million to approximately 7.6 million.
Stockholders will receive cash in lieu of fractional shares, and the split will not alter individual ownership percentages, aside from de minimis changes.
The company noted that the reverse stock split may decrease the liquidity of its shares and could lead to a decrease in overall market capitalization.

Dec 19, 2025, 9:30 PM

Rithm Property Trust Inc. Acquires Indirect Minority Interest in Paramount Group Operating Partnership LP

RPT

M&A

New Projects/Investments

Accounting Changes

Rithm Property Trust Inc. (RPT) acquired an indirect minority interest in Paramount Group Operating Partnership LP on December 19, 2025, in connection with Rithm Capital Corp.'s acquisition of Paramount Group, Inc..
The initial investment involved a $50.0 million cash capital contribution for approximately 3.9% of limited partnership interests in Rithm PGRE Aggregator LP and Rithm PGRE Aggregator II LP, with a commitment for up to an additional $7.5 million.
This investment, financed with cash on hand, provides RPT an interest in a portfolio of ten office properties located in New York, NY, and San Francisco, CA.
RPT intends to elect the fair value option for this acquisition, with a narrative discussion of its impact on results of operations and balance sheet to be provided by amendment within 71 days.

Dec 19, 2025, 9:15 PM

Rithm Property Trust Reports Flat Q3 2025 Earnings and Explores Strategic Options

RPT

Earnings

New Projects/Investments

M&A

Rithm Property Trust (RPT) reported flat earnings for Q3 2025 and continues to pay a $0.06 dividend.
The company ended Q3 2025 with $81 million in cash and $292 million in total equity, with a portfolio size of $308 million.
Management is exploring strategic options, including recapitalizing the vehicle with an equity offering, liquidation, or growing a direct lending business, noting the stock trades at a significant discount to its $5.30 book value.
RPT originated a $21 million loan on a grocery-anchored retail center in Q3 2025 and is considering participating in the Paramount transaction with a potential $50 million equity investment for an estimated 20+% return.

Oct 31, 2025, 12:00 PM

Rithm Property Trust Reports Q3 2025 Results

RPT

Earnings

Dividends

New Projects/Investments

Rithm Property Trust reported a GAAP Comprehensive Loss of ($0.4) Million or ($0.01) per Diluted Share and Earnings Available for Distribution (EAD) of ($0.7) Million or ($0.02) per Diluted Share for the third quarter of 2025.
As of September 30, 2025, the company's GAAP Book Value was $5.30 per Common Share, and it paid a $0.06 per Common Share dividend for Q3 2025.
The company is a real estate investment platform focused on commercial real estate (CRE) lending and opportunistic investing, and in August 2025, it originated a $21 million loan on a grocery-anchored retail center outside of Seattle.
Rithm Property Trust emphasizes growth through portfolio acquisitions, direct origination, and M&A opportunities, capitalizing on market conditions such as the repricing of CRE assets and market dislocations.

Oct 31, 2025, 12:00 PM

Rithm Property Trust Inc. Announces Third Quarter 2025 Results

RPT

Earnings

Dividends

Rithm Property Trust Inc. reported a GAAP comprehensive loss of $(0.4) million, or $(0.01) per diluted common share, for the third quarter ended September 30, 2025.
The company's earnings available for distribution for Q3 2025 were a loss of $(0.7) million, or $(0.02) per diluted common share.
A common dividend of $0.06 per common share, totaling $2.7 million, was paid during the quarter.
As of September 30, 2025, the book value per common share was $5.30.