US Market News
2月前
Rithm Property Trust Inc. Announces First Quarter 2026 ResultsApril 24, 2026 6:45 AM
Business Wire
Rithm Property Trust Inc. (NYSE: RPT, “Rithm Property Trust” or the “Company”) today announced the following information for the first quarter ended March 31, 2026.
Financial Highlights:
GAAP comprehensive loss of $(3.2) million, or $(0.42) per diluted common share(1)(2)
Earnings available for distribution of $(0.3) million or $(0.04) per diluted common share(1)(3)
Paid a common dividend of $2.8 million or $0.36 per common share
Book value per common share of $30.83(1)
Q1 2026
Q4 2025
Summary of Operating Results:
Comprehensive (Loss)/Income per Diluted Common Share(1)(2)
$
(0.42
)
$
0.33
Comprehensive (Loss)/Income(2) (in millions)
$
(3.2
)
$
2.5
Non-GAAP Results:
Earnings Available for Distribution per Diluted Common Share(1)(3)
$
(0.04
)
$
(0.06
)
Earnings Available for Distribution(3) (in millions)
$
(0.3
)
$
(0.5
)
Common Dividend Paid:
Common Dividend per Share
$
0.36
$
0.36
Common Dividend (in millions)
$
2.8
$
2.7
____________________
(1)
Per diluted common share calculations for both GAAP comprehensive (loss)/income and earnings available for distribution are based on weighted-average diluted shares of 7,622,488 and 7,571,555 for the quarters ended March 31, 2026 and December 31, 2025, respectively. Book value per share is based on 7,661,770 common shares outstanding as of March 31, 2026.
(2)
Comprehensive (loss)/income is a GAAP financial measure that adjusts GAAP net (loss)/income by any unrealized gain (loss) on investment securities measured at fair value through other comprehensive (loss)/income and the related income tax effect, if any.
(3)
Earnings available for distribution is a non-GAAP financial measure. For a reconciliation of earnings available for distribution to GAAP comprehensive (loss)/income, as well as an explanation of this measure, please refer to the section entitled “Non-GAAP Financial Measures and Reconciliation to GAAP Comprehensive (Loss)/Income.”
Additional Information
For additional information that management believes is useful for investors, please refer to the latest presentation posted on the Events & Presentations section of the Company’s website, www.rithmpropertytrust.com. Information on, or accessible through, our website is not a part of, and is not incorporated into, this press release.
Earnings Conference Call
Rithm Property Trust’s management will host a conference call at 8:00 AM Eastern Time on Friday, April 24, 2026, to review its first quarter 2026 results for the period ended March 31, 2026.
RITHM PROPERTY TRUST INC. AND SUBSIDIARIES
Consolidated Statements of Operations (Unaudited)
($ in thousands except share and per share amounts)
Three Months Ended
March 31, 2026
December 31, 2025
Net Interest Income
Interest income
$
12,536
$
12,540
Interest expense
(8,908
)
(9,142
)
Net interest income
3,628
3,398
Expenses
Related party loan servicing fee
466
475
Related party management fee
1,604
1,603
Professional fees
1,681
975
General and administrative
1,095
1,254
Total expense
4,846
4,307
Other (Loss) Income
Net change in the allowance for credit losses
—
7,003
Change in unrealized (loss) gain on residential mortgage loans held-for-sale, net
(96
)
2,210
Other loss
(680
)
(4,916
)
Total other (loss) income
(776
)
4,297
(Loss) Income before Income Taxes
(1,994
)
3,388
Income tax (benefit) expense
(5
)
146
Net (Loss) Income
(1,989
)
3,242
Net income (loss) attributable to the noncontrolling interests
1
(2
)
Net (Loss) Income Attributable to Rithm Property Trust Inc.
(1,990
)
3,244
Dividends on preferred stock
1,290
1,290
Net (Loss) Income Attributable to Common Stockholders
(3,280
)
1,954
Unrealized (loss) gain on available-for-sale securities
(35
)
386
Amortization of unrealized gain on held-to-maturity securities
141
141
Comprehensive (Loss) Income
$
(3,174
)
$
2,481
Net (Loss) Income per Share of Common Stock
Basic
$
(0.43
)
$
0.26
Diluted
$
(0.43
)
$
0.26
Comprehensive (Loss) Income per Share of Common Stock
Basic
$
(0.42
)
$
0.33
Diluted
$
(0.42
)
$
0.33
Weighted Average Number of Shares of Common Stock Outstanding
Basic
7,622,488
7,571,555
Diluted
7,622,488
7,571,555
RITHM PROPERTY TRUST INC. AND SUBSIDIARIES
Consolidated Balance Sheets
($ in thousands except per share amounts)
March 31, 2026
(Unaudited)
December 31, 2025
Assets
Cash and cash equivalents
$
96,267
$
79,321
Restricted cash
547
811
Residential mortgage loans held-for-investment, net
356,137
362,829
Residential mortgage loans held-for-sale, net
28,450
29,419
Commercial mortgage-backed securities, at fair value
151,301
273,783
Residential mortgage-backed securities
189,685
189,947
Equity method investments
76,560
79,168
Other assets
31,699
26,249
Total Assets
$
930,646
$
1,041,527
Liabilities and Equity
Liabilities
Secured bonds payable, net
$
219,221
$
226,243
Repurchase financing agreements
309,418
407,072
Unsecured notes, net
108,722
108,507
Accrued expenses and other liabilities
6,707
8,608
Total Liabilities
644,068
750,430
Commitments and Contingencies
Stockholders’ Equity
Preferred stock
50,785
50,785
Common stock $0.01 par value, 125,000,000 shares authorized, 7,939,163 and 7,848,703 shares issued and 7,661,770 and 7,571,699 shares outstanding, respectively
77
76
Additional paid-in capital
427,081
425,703
Treasury stock
(11,596
)
(11,596
)
Accumulated deficit
(177,773
)
(171,768
)
Accumulated other comprehensive loss
(1,541
)
(1,647
)
Stockholders' Equity in Rithm Property Trust Inc.
287,033
291,553
Noncontrolling interests
(455
)
(456
)
Total Stockholders’ Equity
286,578
291,097
Total Liabilities and Equity
$
930,646
$
1,041,527
NON-GAAP FINANCIAL MEASURES AND RECONCILIATION TO GAAP COMPREHENSIVE (LOSS)/INCOME
“Earnings available for distribution” is a non-GAAP financial measure of the Company’s operating performance, which is used by management to evaluate the Company’s performance excluding: (i) net realized and unrealized gains and losses on certain assets and liabilities; and (ii) other net income and losses not related to the performance of the investment portfolio.
The Company has three primary variables that impact its performance: (i) net interest margin on assets held within the investment portfolio; (ii) realized and unrealized gains or losses on assets held within the investment portfolio, including any impairment or reserve for expected credit losses; and (iii) the Company’s operating expenses and taxes.
The Company’s definition of earnings available for distribution excludes certain realized and unrealized losses, which although they represent a part of the Company’s recurring operations, are subject to significant variability and are generally limited to a potential indicator of future economic performance. Within other net income and losses, management primarily excludes equity-based compensation expenses.
With regard to non-capitalized transaction-related expenses, management does not view these costs as part of the Company’s core operations, as they are considered by management to be similar to realized losses incurred at acquisition. Non-capitalized transaction-related expenses generally relate to legal and valuation service costs, as well as other professional service fees, incurred when the Company acquires certain investments.
Management believes that the adjustments to compute “earnings available for distribution” specified above allow investors and analysts to readily identify and track the operating performance of the assets that form the core of the Company’s activity, assist in comparing the core operating results between periods, and enable investors to evaluate the Company’s current core performance using the same financial measure that management uses to operate the business. Management also utilizes earnings available for distribution as a financial measure in its decision-making process relating to improvements to the underlying fundamental operations of the Company’s investments, as well as the allocation of resources between those investments, and management also relies on earnings available for distribution as an indicator of the results of such decisions. Earnings available for distribution excludes certain recurring items, such as gains and losses (including impairment) and non-capitalized transaction-related expenses, because they are not considered by management to be part of the Company’s core operations for the reasons described herein. As such earnings available for distribution is not intended to reflect all of the Company’s activity and should be considered as only one of the factors used by management in assessing the Company’s performance, along with GAAP comprehensive (loss)/income which is inclusive of all of the Company’s activities.
The Company views earnings available for distribution as a consistent financial measure of its portfolio’s ability to generate income for distribution to common stockholders. Earnings available for distribution does not represent and should not be considered as a substitute for, or superior to, comprehensive (loss)/income or as a substitute for, or superior to, cash flows from operating activities, each as determined in accordance with GAAP, and the Company’s calculation of this financial measure may not be comparable to similarly entitled financial measures reported by other companies. Furthermore, to maintain qualification as a REIT, U.S. federal income tax law generally requires that the Company distribute at least 90% of its REIT taxable income annually, determined without regard to the deduction for dividends paid and excluding net capital gains. Because the Company views earnings available for distribution as a consistent financial measure of its ability to generate income for distribution to common stockholders, earnings available for distribution is one metric, but not the exclusive metric, that the Company’s board of directors uses to determine the amount, if any, and the payment date of dividends on common stock. However, earnings available for distribution should not be considered as an indication of the Company’s taxable income, a guaranty of its ability to pay dividends or as a proxy for the amount of dividends it may pay, as earnings available for distribution excludes certain items that impact its cash needs.
Reconciliation of GAAP Comprehensive (Loss)/Income to Earnings Available for Distribution
($ in thousands except per share amounts)
The table below provides a reconciliation of earnings available for distribution to the most directly comparable GAAP financial measure:
Three months ended
March 31, 2026
December 31, 2025
Comprehensive (loss)/income — GAAP
$
(3,174
)
$
2,481
Adjustments:
Net income (loss) attributable to noncontrolling interest
1
(2
)
Realized and unrealized losses (gains)
1,893
(4,290
)
Other adjustments(1)
973
1,354
Earnings Available for Distribution — Non-GAAP
$
(307
)
$
(457
)
Weighted average shares - basic
7,622,488
7,571,555
Weighted average shares - diluted
7,622,488
7,571,555
Basic Earnings Available for Distribution per common share
$
(0.04
)
$
(0.06
)
Diluted Earnings Available for Distribution per common share
$
(0.04
)
$
(0.06
)
____________________
(1)
Other adjustments include amortization, transaction-related expenses and income taxes.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain information which constitutes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “seek,” “believes,” “intends,” “expects,” “projects,” “anticipates,” “plans” and “future” or similar expressions are intended to identify forward-looking statements. These statements are not historical facts. These forward-looking statements represent management’s current expectations regarding future events and are subject to the inherent uncertainties in predicting future results and conditions, many of which are beyond our control. Accordingly, you should not place undue reliance on any forward-looking statements contained herein. For a discussion of some of the risks and important factors that could affect such forward-looking statements see the sections entitled “Cautionary Statement Regarding Forward-Looking Statements”, “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent annual and quarterly reports and other filings, including the Company’s recent proxy statements, filed with the Securities and Exchange Commission. The Company expressly disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
ABOUT RITHM PROPERTY TRUST
Rithm Property Trust is a real estate investment vehicle externally managed by an affiliate of Rithm Capital Corp. (NYSE: RITM). The Company operates a flexible commercial real estate focused investment strategy. Rithm Property Trust is a Maryland corporation that is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260424354092/en/
Investor Relations
646-868-5483
ir@rithmpropertytrust.com
Original: Rithm Property Trust Inc. Announces First Quarter 2026 Results
US Market News
5月前
Rithm Property Trust Inc. Announces Fourth Quarter and Full Year 2025 ResultsFebruary 13, 2026 6:45 AM
Business Wire
Rithm Property Trust Inc. (NYSE: RPT, “Rithm Property Trust” or the “Company”) today announced the following information for the fourth quarter ended and full year ended December 31, 2025.
Fourth Quarter 2025 Financial Highlights:
GAAP comprehensive income of $2.5 million, or $0.33 per diluted common share(1)(2)
Earnings available for distribution of $(0.5) million or $(0.06) per diluted common share(1)(3)
Paid a common dividend of $2.7 million or $0.36 per common share
Book value per common share of $31.80(1)
Full Year 2025 Financial Highlights:
GAAP comprehensive income of $4.6 million, or $0.61 per diluted common share(1)(2)
Earnings available for distribution of $(0.3) million or $(0.04) per diluted common share(1)(3)
Paid a common dividend of $10.9 million or $1.44 per common share
Q4 2025
Q3 2025
FY 2025
FY 2024
Summary of Operating Results:
Comprehensive Income (Loss) per Diluted Common Share(1)(2)
$
0.33
$
(0.05
)
$
0.61
$
(13.01
)
Comprehensive Income (Loss)(2) (in millions)
$
2.5
$
(0.4
)
$
4.6
$
(87.1
)
Non-GAAP Results:
Earnings Available for Distribution per Diluted Common Share(1)(3)
$
(0.06
)
$
(0.09
)
$
(0.04
)
$
(2.90
)
Earnings Available for Distribution(3) (in millions)
$
(0.5
)
$
(0.7
)
$
(0.3
)
$
(19.4
)
Common Dividend Paid:
Common Dividend per Share(4)
$
0.36
$
0.36
$
1.44
$
1.68
Common Dividend (in millions)
$
2.7
$
2.7
$
10.9
$
12.7
(1)
Per diluted common share calculations for both GAAP comprehensive income/(loss) and earnings available for distribution are based on weighted-average diluted shares of 7,571,555 and 7,570,421 for the quarters ended December 31, 2025 and September 30, 2025, respectively. Per diluted common share calculations for both GAAP comprehensive income/(loss) and earnings available for distribution are based on weighted-average diluted shares of 7,570,205 and 6,699,247 for the years ended December 31, 2025 and 2024, respectively. Book value per share is based on 7,571,699 common shares outstanding as of December 31, 2025. The prior period share and per share amounts were adjusted to reflect the impact of the one-for-six reverse stock split of the Company’s common stock which took effect on December 30, 2025.
(2)
Comprehensive income/(loss) is a GAAP financial measure that adjusts GAAP net income/(loss) by any unrealized gain (loss) on investment securities measured at fair value through other comprehensive income/(loss) and the related income tax effect, if any.
(3)
Earnings available for distribution is a non-GAAP financial measure. For a reconciliation of earnings available for distribution to GAAP comprehensive income/(loss), as well as an explanation of this measure, please refer to the section entitled “Non-GAAP Financial Measures and Reconciliation to GAAP Comprehensive Income/(Loss).”
(4)
The prior period share and per share amounts were adjusted to reflect the impact of the one-for-six reverse stock split of the Company’s common stock which took effect on December 30, 2025.
Financial results for the quarter and year ended December 31, 2025, are included in the tables at the end of this press release.
Additional Information
For additional information that management believes is useful for investors, please refer to the latest presentation posted on the News & Events - Presentations section of the Company’s website, www.rithmpropertytrust.com. Information on, or accessible through, our website is not a part of, and is not incorporated into, this press release.
Earnings Conference Call
Rithm Property Trust will host a conference call at 8:00 AM Eastern Time on Friday, February 13, 2026, to review its financial results for the fourth quarter and full year ended December 31, 2025. A webcast of the conference call will be available to the public on a listen-only basis at the Company’s website, www.rithmpropertytrust.com. Participants are encouraged to pre-register for the webcast at https://events.q4inc.com/attendee/845909831. Please allow extra time prior to the call to visit the website and download any necessary software required to listen to the webcast. A copy of the earnings release will also be posted to the News & Events – Press Releases section of the Company’s website.
A replay of the conference call will also be available two hours following the call’s completion through 11:59 P.M. Eastern Time on Friday, February 20, 2026 in the Events & Presentations section of the Company’s website.
RITHM PROPERTY TRUST INC. AND SUBSIDIARIES
Consolidated Statements of Operations
($ in thousands except share and per share amounts)
Three months ended
Year ended
December 31, 2025
(Unaudited)
September 30, 2025
(Unaudited)
December 31, 2025
(Unaudited)
December 31, 2024
Net Interest Income
Interest income
$
12,540
$
13,424
$
52,800
$
52,874
Interest expense
(9,142
)
(9,436
)
(37,387
)
(43,572
)
Net interest income
3,398
3,988
15,413
9,302
Expenses
Related party loan servicing fee
475
485
1,964
4,175
Related party management fee
1,603
1,603
6,253
23,276
Professional fees
975
887
3,612
3,413
General and administrative
1,254
990
4,160
9,026
Total expense
4,307
3,965
15,989
39,890
Other Income (Loss)
Net change in the allowance for credit losses
7,003
—
7,003
(5,087
)
Unrealized gain on residential mortgage loans held-for-sale, net
2,210
194
5,892
(54,537
)
Fair value adjustment on mark-to-market liabilities
—
—
—
3,078
Other loss
(4,916
)
(466
)
(10,785
)
(5,771
)
Total other income (loss)
4,297
(272
)
2,110
(62,317
)
Income (Loss) before Income Taxes
3,388
(249
)
1,534
(92,905
)
Income tax expense
146
24
60
145
Net Income (Loss)
3,242
(273
)
1,474
(93,050
)
Net income (loss) attributable to the noncontrolling interests
(2
)
—
2
(1,215
)
Net Income (Loss) Attributable to Rithm Property Trust Inc.
3,244
(273
)
1,472
(91,835
)
Dividends on Preferred Stock
1,290
1,286
4,212
340
Net Income (Loss) Attributable to Common Stockholders
1,954
(1,559
)
(2,740
)
(92,175
)
Unrealized gain on available-for-sale securities
386
1,037
6,487
1,981
Amortization of unrealized gain on held-to-maturity securities
141
141
857
3,055
Comprehensive Income (Loss)
$
2,481
$
(381
)
$
4,604
$
(87,139
)
Net Income (Loss) per Share of Common Stock(1)
Basic
$
0.26
$
(0.21
)
$
(0.36
)
$
(13.76
)
Diluted
$
0.26
$
(0.21
)
$
(0.36
)
$
(13.76
)
Comprehensive Income (Loss) per Share of Common Stock(1)
Basic
$
0.33
$
(0.05
)
$
0.61
$
(13.01
)
Diluted
$
0.33
$
(0.05
)
$
0.61
$
(13.01
)
Weighted Average Number of Shares of Common Stock Outstanding(1)
Basic
7,571,555
7,570,421
7,570,205
6,699,247
Diluted
7,571,555
7,570,421
7,570,205
6,699,247
(1)
The prior period share and per share amounts were adjusted to reflect the impact of the one-for-six reverse stock split of the Company’s common stock which took effect on December 30, 2025.
RITHM PROPERTY TRUST INC. AND SUBSIDIARIES
Consolidated Balance Sheets
($ in thousands except per share amounts)
December 31, 2025
(Unaudited)
December 31, 2024
Assets
Cash and cash equivalents
$
79,321
$
64,252
Restricted cash
811
—
Residential mortgage loans held-for-investment, net
362,829
396,052
Residential mortgage loans held-for-sale, net
29,419
27,788
Commercial mortgage-backed securities, at fair value
273,783
246,614
Residential mortgage-backed securities
189,947
197,916
Other investments
79,168
30,454
Other assets
26,249
14,263
Total Assets
$
1,041,527
$
977,339
Liabilities and Equity
Liabilities
Secured bonds payable, net
$
226,243
$
258,353
Repurchase financing agreements
407,072
356,565
Unsecured notes, net
108,507
107,647
Accrued expenses and other liabilities
8,608
8,006
Total Liabilities
750,430
730,571
Commitments and Contingencies
Stockholders’ Equity
Preferred Stock
50,785
—
Common Stock $0.01 par value, 125,000,000 shares authorized, 7,848,703 and 7,847,520 shares issued and 7,571,699 and 7,570,125 shares outstanding, respectively(1)
76
471
Additional paid-in capital
425,703
425,039
Treasury stock
(11,596
)
(11,594
)
Accumulated deficit
(171,768
)
(158,003
)
Accumulated other comprehensive loss
(1,647
)
(8,991
)
Stockholders' Equity in Rithm Property Trust Inc.
291,553
246,922
Noncontrolling interests
(456
)
(154
)
Total Stockholders’ Equity
291,097
246,768
Total Liabilities and Equity
$
1,041,527
$
977,339
(1)
The prior period share and per share amounts were adjusted to reflect the impact of the one-for-six reverse stock split of the Company’s common stock which took effect on December 30, 2025.
NON-GAAP FINANCIAL MEASURES AND RECONCILIATION TO GAAP COMPREHENSIVE INCOME/(LOSS)
“Earnings available for distribution” is a non-GAAP financial measure of the Company’s operating performance, which is used by management to evaluate the Company’s performance excluding: (i) net realized and unrealized gains and losses on certain assets and liabilities; and (ii) other net income and losses not related to the performance of the investment portfolio.
The Company has three primary variables that impact its performance: (i) net interest margin on assets held within the investment portfolio; (ii) realized and unrealized gains or losses on assets held within the investment portfolio, including any impairment or reserve for expected credit losses; and (iii) the Company’s operating expenses and taxes.
The Company’s definition of earnings available for distribution excludes certain realized and unrealized losses, which although they represent a part of the Company’s recurring operations, are subject to significant variability and are generally limited to a potential indicator of future economic performance. Within other net income and losses, management primarily excludes equity-based compensation expenses.
With regard to non-capitalized transaction-related expenses, management does not view these costs as part of the Company’s core operations, as they are considered by management to be similar to realized losses incurred at acquisition. Non-capitalized transaction-related expenses generally relate to legal and valuation service costs, as well as other professional service fees, incurred when the Company acquires certain investments.
Management believes that the adjustments to compute “earnings available for distribution” specified above allow investors and analysts to readily identify and track the operating performance of the assets that form the core of the Company’s activity, assist in comparing the core operating results between periods, and enable investors to evaluate the Company’s current core performance using the same financial measure that management uses to operate the business. Management also utilizes earnings available for distribution as a financial measure in its decision-making process relating to improvements to the underlying fundamental operations of the Company’s investments, as well as the allocation of resources between those investments, and management also relies on earnings available for distribution as an indicator of the results of such decisions. Earnings available for distribution excludes certain recurring items, such as gains and losses (including impairment) and non-capitalized transaction-related expenses, because they are not considered by management to be part of the Company’s core operations for the reasons described herein. As such earnings available for distribution is not intended to reflect all of the Company’s activity and should be considered as only one of the factors used by management in assessing the Company’s performance, along with GAAP comprehensive income/(loss) which is inclusive of all of the Company’s activities.
The Company views earnings available for distribution as a consistent financial measure of its portfolio’s ability to generate income for distribution to common stockholders. Earnings available for distribution does not represent and should not be considered as a substitute for, or superior to, comprehensive income/(loss) or as a substitute for, or superior to, cash flows from operating activities, each as determined in accordance with GAAP, and the Company’s calculation of this financial measure may not be comparable to similarly entitled financial measures reported by other companies. Furthermore, to maintain qualification as a REIT, U.S. federal income tax law generally requires that the Company distribute at least 90% of its REIT taxable income annually, determined without regard to the deduction for dividends paid and excluding net capital gains. Because the Company views earnings available for distribution as a consistent financial measure of its ability to generate income for distribution to common stockholders, earnings available for distribution is one metric, but not the exclusive metric, that the Company’s board of directors uses to determine the amount, if any, and the payment date of dividends on common stock. However, earnings available for distribution should not be considered as an indication of the Company’s taxable income, a guaranty of its ability to pay dividends or as a proxy for the amount of dividends it may pay, as earnings available for distribution excludes certain items that impact its cash needs.
Reconciliation of GAAP Comprehensive Income/(Loss) to Earnings Available for Distribution
($ in thousands except per share amounts)
The table below provides a reconciliation of earnings available for distribution to the most directly comparable GAAP financial measure:
Three months ended
Year Ended December 31,
December 31, 2025
September 30, 2025
2025
2024
Comprehensive income/(loss) — GAAP
$
2,481
$
(381
)
$
4,604
$
(87,139
)
Adjustments:
Net income (loss) attributable to noncontrolling interest
(2
)
—
2
(1,215
)
Realized and unrealized gains
(4,290
)
(272
)
(6,144
)
50,036
Other adjustments(1)
1,354
(47
)
1,243
18,877
Earnings Available for Distribution — Non-GAAP
$
(457
)
$
(700
)
$
(295
)
$
(19,441
)
Weighted average shares - basic(2)
7,571,555
7,570,421
7,570,205
6,699,247
Weighted average shares - diluted(2)
7,571,555
7,570,421
7,570,205
6,699,247
Basic Earnings Available for Distribution per common share(2)
$
(0.06
)
$
(0.09
)
$
(0.04
)
$
(2.90
)
Diluted Earnings Available for Distribution per common share(2)
$
(0.06
)
$
(0.09
)
$
(0.04
)
$
(2.90
)
(1)
Other adjustments include amortization, transaction-related expenses, and income taxes.
(2)
The prior period share and per share amounts were adjusted to reflect the impact of the one-for-six reverse stock split of the Company’s common stock which took effect on December 30, 2025.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain information which constitutes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “seek,” “believes,” “intends,” “expects,” “projects,” “anticipates,” “plans” and “future” or similar expressions are intended to identify forward-looking statements. These statements are not historical facts. These forward-looking statements represent management’s current expectations regarding future events and are subject to the inherent uncertainties in predicting future results and conditions, many of which are beyond our control. Accordingly, you should not place undue reliance on any forward-looking statements contained herein. For a discussion of some of the risks and important factors that could affect such forward-looking statements see the sections entitled “Cautionary Statement Regarding Forward-Looking Statements”, “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent annual and quarterly reports and other filings, including the Company’s recent proxy statements, filed with the Securities and Exchange Commission. The Company expressly disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
ABOUT RITHM PROPERTY TRUST
Rithm Property Trust is a real estate investment vehicle externally managed by an affiliate of Rithm Capital Corp. (“Rithm Capital”) (NYSE: RITM). The Company operates a flexible commercial real estate focused investment strategy. Rithm Property Trust is a Maryland corporation that is organized and conducts its operations to qualify as a real estate investment trust (“REIT”) for federal income tax purposes.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260213155415/en/
Investor Relations
646-868-5483
ir@rithmpropertytrust.com
Original: Rithm Property Trust Inc. Announces Fourth Quarter and Full Year 2025 Results
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