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Companies / Real Estate / Rithm Property Trust Inc.
RPT

Rithm Property Trust Inc.

Ticker RPTNEW YORK, NYFiscal year ends DecemberBook value per share $37.02Diluted shares 7.7M

Rithm Property Trust Inc. (NYSE: RPT) is an externally managed real estate investment trust focused on commercial real estate (CRE) investments. It originates and acquires CRE-related assets, including senior and subordinated mortgage loans, mezzanine loans, preferred equity, commercial mortgage servicing rights,… From the company’s description.

In fiscal 2025, Rithm Property Trust Inc. reported net income of $1.47M. Operations used $8.30M in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
—
0.00%FY2025
$1.47MFY2025
+101.6% year over year
Last 12 mo $6.37M
0.50%FY2025
+37.7 percentage points
Last 12 mo 2.22%
Cash & financing
$-8.30MFY2025
−2963.8% year over year
Last 12 mo $-12.80M
$-8.30MFY2025
−2963.8% year over year
Last 12 mo $-12.80M
0.37FY2025
Was 1.48× a year earlier
Last 12 mo 0.38
7.6MFY2025
−81.2% year over year
Last 12 mo 7.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Rithm Property Trust Inc. does

In the company’s own words

Rithm Property Trust Inc. (NYSE: RPT) is an externally managed real estate investment trust focused on commercial real estate (CRE) investments. It originates and acquires CRE-related assets, including senior and subordinated mortgage loans, mezzanine loans, preferred equity, commercial mortgage servicing rights, commercial mortgage-backed securities, CRE properties and other debt and equity investments. The company’s customers and counterparties include commercial property borrowers and issuers of real estate-related investments. Its investment activities are conducted by external manager RCM GA, an affiliate of Rithm Capital, and it uses Rithm’s real estate and capital markets capabilities for sourcing, underwriting, financing, asset management and dispositions. In December 2025, it acquired an indirect minority interest in Paramount Group Operating Partnership, whose affiliates and joint ventures own ten office properties in New York City and San Francisco. The company was formerly Great Ajax Corp. and shifted from a predominantly residential mortgage strategy to a CRE focus following a 2024 strategic transaction with Rithm; it changed its name in December 2024. For fiscal 2025, it reported a net loss attributable to common stockholders of $2.7 million. Its website is www.rithmpropertytrust.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1614806
SIC
6798

Financial performance, year by year

Fiscal 2015–2025 · USD
$-110.15M$-58.85M$-7.55M$43.75M$95.05M20152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Rithm Property Trust Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

38
funds hold it
0 of 35
superinvestors hold it
$11.59M
held by funds, at market
10.1%
of shares held by funds

Largest fund holders · Rithm Property Trust Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Real Estate Income Fund
FREI · Fidelity Securities Fund
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets
Fidelity SAI Real Estate Income Fund
FHLPX · Fidelity Securities Fund
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Rithm Property Trust Inc. and its peers compare on margins and cash generation over ten years?”
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