Live Quote · NYSERPTReal Estate · REIT - Mortgage

Rithm Property Trust Inc.

$13.15▲ 0.77%(+$0.10)

MKT CAP $102.21MNEXT EARNINGS Oct 29, 2026

50%

Bullish

50%

Bullish

TickerSpark Score

54/100

▌ Mixed

55

Valuation

60

Profitability

80

Growth

44

Health

30

Momentum

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Analyst Price Target

$52.80+301.5% vs. today

Range $24 – $72

Analyst RatingHold

9 Buy11 Hold5 Sell

Price Chart

-14.39% · this period

52-Week Range41% of range

Low

$9.80

Current

$13.15

High

$17.94

Earnings Calls · RPT

Earnings call summaries

Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.

Rithm Property Trust said Q2 was broadly flat, with book value steady and the main focus now on raising capital or pursuing a board-led alternative to unlock shareholder value.· July 28, 2026

Key Takeaways

Book value was $30.17 at quarter end, versus $30.33 in the prior quarter, and management said earnings were flat and the company is now breakeven.
The company added $117 million of RTL and MTL loans with a 9.1% gross WAC and about a 14% levered return, which management sees as a better earnings engine.
Management said it pulled a planned equity offering because it would have priced well below the stock and would not have been good for shareholders.
Michael Nierenberg said the company will likely need capital to grow, but if that cannot be raised, the board will consider buybacks, M&A, a tender, or other restructuring actions.
Management framed 2026 as the likely timing for a decision on the vehicle’s future direction.
results":"Management did not give a full income statement on the call, but it said Q2 earnings were flat and the company moved from losing a little under $10 million per quarter to breakeven. Book value was $30.17 at quarter end versus $30.33 in the prior quarter. The dividend remained $0.36, implying a 10% dividend yield. In Q2 and just after quarter-end, the company invested $117 million in RTL and MTL loans at a 9.1% gross WAC, with a levered return of about 14%, an advance rate of 75%, a dollar price paid a little under 101, and a cost of funds of about 5.65. Forward-looking, management said it may deploy a bit more capital into loans, but it wants to preserve liquidity; if it cannot raise equity or other capital near term, it will go back to the board to decide on alternatives, and it expects the broader reset decision to be done by the end of 2026.","ceo":"Michael Nierenberg said Rithm has transformed the company since taking over the management contract, cleaning up the balance sheet, improving liquidity, and moving the business to breakeven. He emphasized that the strategy is to build a dedicated commercial real estate vehicle around high-coupon, short-duration senior loans sourced by Genesis Capital, but he also made clear that shareholder value protection comes first. His tone was pragmatic and candid: the company wants to grow, but if capital cannot be raised on acceptable terms, the board will consider other paths, including a tender, M&A, or potentially taking the vehicle private.","cfo":"Nick Santoro did not deliver a lengthy financial review on the transcript, and most of the quantitative commentary came from management’s operating discussion. The key financial figures highlighted were book value of $30.17, the $0.36 dividend, and the new loan purchases of $117 million at a 9.1% gross WAC and about a 14% levered return. Michael also said there was more than $50 million of equity remaining in the vehicle and that Rithm had $2.1 billion of cash and liquidity at the end of 6/30, while noting the company could use preferred or debt if needed; the emphasis was on keeping enough liquidity to cover future draws while preserving flexibility.","qanda":"Analysts focused on why management did not pursue a formal strategic review, how much additional capital the balance sheet could support, and whether Rithm Property Trust might shift capital away from retained legacy positions or the Paramount investment. Management said a formal review is a board decision, but the current plan is to try to raise capital in a way that does not damage the stock; if that fails, the board will consider cleanup actions such as a tender, M&A, or taking the vehicle private. On liquidity, management said there is still more than $50 million of equity in the vehicle and that it could add a bit more to Genesis loans, but it is not planning to ramp leverage aggressively. On structural options, management said it tried backstops and third-party capital, but the challenge remains finding a workable equity source without selling stock too cheaply.","bull":"The positive case from the call is that the company now has a much cleaner balance sheet, has reached breakeven, and is earning from a pipeline of short-duration, high-coupon loans that management believes can produce mid-teens levered returns. Management also said the vehicle still has liquidity, more than $50 million of equity remaining, and access to Rithm’s broader capital base if needed.","bear":"The main risk is that the company still has not been able to raise capital on acceptable terms, and management acknowledged that growth is constrained without it. The stock price relative to book value remains a problem, the planned equity deal was pulled, and the company may need a board-led alternative such as a tender, M&A, or even taking the vehicle private if capital cannot be raised."}]}

AI summary of the company's earnings call · Paraphrased · Not investment advice

Float & Shares

Free Float: 99.8%
Shares Outstanding: 7.77M
Float Shares: 7.76M

Institutional Ownership

0.0%

of shares held by institutions

1 13F filers

Insider ActivityLast quarter

1 Buys0 Sells

Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.

Capitol Hill · RPT

Congressional trading

Senate and House stock disclosures for RPT, newest first.

Member	Owner	Type	Amount	Traded
Daniel GoldmanHouse · NY10	—	Sell	$1,001 - $15,000	Jul 10, 23	Filing →

Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.

13F Holders · RPT

Top institutional holders

Largest 13F positions, with quarter-over-quarter change.

Holder	Shares	Δ Quarter
Cwm, LLC	548	▲ 230
Sunbelt Securities, Inc.	1	▲ 1

ETF Exposure · RPT

Held by 30 ETFs

Biggest fund positions in RPT by dollar value.

VTI

0.0% wt$2.73M

GYLD

0.5% wt$2.45M

VXF

0.0% wt$1.14M

IWC

0.0% wt$326.29K

Form 4 · Filings

Recent insider transactions

Who's buying, who's selling, and how much.

Date	Insider	Role	Type	Shares	Value
Aug 5, 26	Rithm Capital Corp.	10 percent owner	other	137,383	$1.61M
Apr 27, 26	Rithm Capital Corp.	10 percent owner	other	110,794	$1.61M
Feb 12, 26	Rithm Capital Corp.	10 percent owner	other	105,687	$1.60M
Aug 29, 25	Friedman Paul M	director	other	7,708	$21.89K
Apr 28, 25	SANTORO NICOLA JR	officer: Chief Financial Officer	other	0	—
Mar 4, 25	Rithm Capital Corp.	10 percent owner	buy	400,000	$10.00M
Dec 4, 24	Rithm Capital Corp.	10 percent owner	other	18,550	$55.65K
Jan 2, 24	WEISS ANDREA	director	sell	59,363	$593.63
Jan 2, 24	SHAHON LAURIE M	director	sell	74,727	$747.27
Jan 2, 24	Nettina David J	director	sell	119,864	$1.20K

A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.

Rithm Property Trust Inc.

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Earnings call summaries

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Held by 30 ETFs

Recent insider transactions

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