Rithm Property Trust Inc. RPT
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.
Snapshot
Reported FFO / Earnings Available for Distribution / leverage are from the Q1 2026 earnings release (filed 2026-04-24) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-05-15 | 2026-05-15 | 2026-05-29 | 2026-04-20 | $0.36 | Quarterly |
| 2026-01-30 | 2026-01-30 | 2026-02-13 | 2026-01-20 | $0.36 | Quarterly |
| 2025-11-14 | 2025-11-14 | 2025-11-28 | 2025-10-20 | $0.06 | Quarterly |
| 2025-08-15 | 2025-08-15 | 2025-08-29 | 2025-07-16 | $0.06 | Quarterly |
| 2025-05-15 | 2025-05-15 | 2025-05-30 | 2025-04-25 | $0.06 | Quarterly |
| 2025-02-14 | 2025-02-14 | 2025-02-28 | 2025-01-29 | $0.06 | Quarterly |
| 2024-11-15 | 2024-11-15 | 2024-11-29 | 2024-10-21 | $0.06 | Quarterly |
| 2024-08-15 | 2024-08-15 | 2024-08-30 | 2024-07-23 | $0.06 | Quarterly |
| 2024-05-14 | 2024-05-15 | 2024-05-30 | 2024-05-03 | $0.06 | Quarterly |
| 2023-12-06 | — | — | — | $0.19 | Irregular |
| 2023-11-14 | 2023-11-15 | 2023-11-30 | 2023-11-02 | $0.11 | Quarterly |
| 2023-08-14 | 2023-08-15 | 2023-08-31 | 2023-08-03 | $0.20 | Quarterly |
| 2023-06-16 | — | — | — | $0.14 | Monthly |
| 2023-05-12 | 2023-05-15 | 2023-05-31 | 2023-05-04 | $0.20 | Quarterly |
| 2023-03-16 | 2023-03-17 | 2023-03-31 | 2023-03-02 | $0.25 | Quarterly |
| 2022-11-14 | 2022-11-15 | 2022-11-29 | 2022-11-03 | $0.27 | Quarterly |
| 2022-08-12 | 2022-08-15 | 2022-08-31 | 2022-08-04 | $0.27 | Quarterly |
| 2022-05-13 | 2022-05-16 | 2022-05-31 | 2022-05-05 | $0.26 | Quarterly |
| 2022-03-17 | 2022-03-18 | 2022-03-31 | 2022-02-10 | $0.26 | Quarterly |
| 2022-01-07 | 2022-01-10 | 2022-01-25 | 2021-12-30 | $0.10 | Special |
| 2021-11-12 | 2021-11-15 | 2021-11-29 | 2021-11-04 | $0.24 | Quarterly |
| 2021-08-13 | 2021-08-16 | 2021-08-31 | 2021-08-05 | $0.21 | Quarterly |
| 2021-05-19 | 2021-05-20 | 2021-05-31 | 2021-05-06 | $0.19 | Quarterly |
| 2021-03-17 | 2021-03-18 | 2021-03-31 | 2021-03-04 | $0.17 | Quarterly |
Coverage (payout of operating cash flow): -242.52%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $52.80M | $1.47M | $0.00 | $38.92M | $-4.50M |
| 2024 | $47.22M | $-91.83M | $0.00 | $-44.43M | $290.00K |
| 2023 | $-16.86M | $-47.07M | $534.00K | $0.00 | $-46.46M |
| 2022 | $217.66M | $-15.01M | $444.00K | $116.94M | $97.67M |
| 2021 | $75.76M | $41.85M | $72.25M | $72.25M | $92.86M |
| 2020 | $28.53M | $28.50M | $302.00K | $0.00 | $63.06M |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.