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    Rithm Property Trust Inc. Announces Results for the Quarter and Year Ended December 31, 2024

    1/30/25 6:45:00 AM ET
    $RITM
    $RPT
    Real Estate Investment Trusts
    Real Estate
    Real Estate Investment Trusts
    Real Estate
    Get the next $RITM alert in real time by email

    Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE:RPT, "Rithm Property Trust" or the "Company")) today announced the following financial results for the quarter ended December 31, 2024.

    Fourth Quarter Financial Highlights:

    • GAAP net income attributable to common stockholders of $2.9 million, or $0.06 per diluted share1
    • Earnings available for distribution of $0.3 million or $0.01 per diluted common share1,2
    • Book value per common share of $5.44 at December 31, 20241
    • Paid a common dividend of $2.8 million, or $0.06 per common share

     

     

    Q4 2024

     

    Q3 2024

    Summary of Operating Results:

     

     

     

     

    GAAP Net Income/(Loss) per Diluted Common Share1

     

    $

    0.06

     

    $

    (0.18)

    GAAP Net Income/(Loss)

     

    $ 2.9 million

     

    $ (8.0) million

     

     

     

     

     

    Non-GAAP Results:

     

     

     

     

    Earnings Available for Distribution per Diluted Common Share1,2

     

    $

    0.01

     

    $

    (0.12)

    Earnings Available for Distribution2

     

    $ 0.3 million

     

    $ (5.4) million

     

     

     

     

     

    Book Value:

     

     

     

     

    Book Value per Common Share

     

    $

    5.44

     

    $

    5.47

    Book Value

     

    $ 246.9 million

     

    $ 246.1 million

    Common Shares Outstanding

     

     

    45,420,752

     

     

    44,978,969

     

     

     

     

     

    Common Dividend Paid:

     

     

     

     

    Common Dividend per Share

     

    $

    0.06

     

    $

    0.06

    Common Dividend

     

    $2.8 million

     

    $ 2.7 million

    __________________________________________

    1. Common share calculations for both GAAP net income/(loss) and earnings available for distribution are based on weighted average diluted shares of 45,298,505 and 45,327,254 for the quarters ended December 31, 2024 and September 30, 2024, respectively.



    2. Earnings available for distribution is a non-GAAP financial measure. For a reconciliation of earnings available for distribution to GAAP net income/(loss), as well as an explanation of this measure, please refer to the section entitled "Non-GAAP Financial Measures and Reconciliation to GAAP Net Income/(Loss)."

    "When we took over the management of Great Ajax in June of 2024, we set out to reposition the Company to take advantage of a great opportunity to deploy capital into commercial real estate," said Michael Nierenberg, Chief Executive Officer of Rithm Capital. "We have since changed the Company's name to Rithm Property Trust, repositioned the balance sheet, stabilized book value and grown earnings into positive territory from a loss of $12.7 million in Q2'24 to a net income of $2.9 million this quarter. While we continue to work toward our long-term objectives, we believe in Rithm Property Trust and our ability to grow shareholder value."

    Fourth Quarter Company Highlights:

    • Commercial Real Estate Investments: Acquired $154 million in UPB of commercial mortgage-backed securities ("CMBS") bringing our total investment in CMBS to $244 million in UPB as we continue to execute on our transition into the commercial real estate sector.
    • Rebrand to Rithm Property Trust: Launched the new name and brand on December 2, 2024, highlighting a new chapter in the Company's evolution.

    Dividend Declaration:

    • On January 29, 2025, the Company's board of directors declared a cash dividend of $0.06 per share to be paid on February 28, 2025, to stockholders of record as of February 14, 2025.

    Financial results for the year ended December 31, 2024, are included in the tables at the end of this press release.

    Earnings Conference Call

    Rithm Property Trust will host a conference call at 8:00 AM ET on Thursday, January 30, 2025, to review its financial results for the fourth quarter ended December 31, 2024. The conference call may be accessed by dialing 1-888-596-4144 (from within the U.S.) or 1-646-968-2525 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference "Rithm Property Trust Fourth Quarter 2024 Earnings Call" and conference ID "5035792".

    A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.rithmpropertytrust.com. Participants are encouraged to pre-register for the webcast at https://events.q4inc.com/attendee/467202940.

    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 Thursday, February 13, 2025, in the News & Events – Events section of the Company's website.

    About Rithm Property Trust

    Rithm Property Trust is a real estate investment platform externally managed by an affiliate of Rithm Capital Corp. (NYSE:RITM). Rithm Property Trust has historically focused on acquiring, investing in and managing re-performing loans and non-performing loans secured by single-family residences and commercial properties. In connection with its recent strategic transaction with Rithm Capital, the Company is transitioning to 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.

    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.

     

    RITHM PROPERTY TRUST INC. AND SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF OPERATIONS

    (Dollars in thousands except per share amounts)

    (Unaudited)

     
     

     

     

    Three months ended

     

    Year ended

     

     

    December

    31, 2024

     

    September

    30, 2024

     

    December

    31, 2024

     

    December

    31, 2023

    Revenues:

     

     

     

     

     

     

     

     

    Interest income

     

    $

    12,873

     

     

    $

    12,348

     

     

    $

    52,874

     

     

    $

    72,332

     

    Interest expense

     

     

    (9,239

    )

     

     

    (8,660

    )

     

     

    (43,572

    )

     

     

    (59,286

    )

    Net interest income

     

     

    3,634

     

     

     

    3,688

     

     

     

    9,302

     

     

     

    13,046

     

    Net change in the allowance for credit losses

     

     

    —

     

     

     

    (857

    )

     

     

    (5,087

    )

     

     

    (8,137

    )

    Net interest income after the net change in the allowance for credit losses

     

     

    3,634

     

     

     

    2,831

     

     

     

    4,215

     

     

     

    4,909

     

    Loss from investments in affiliates

     

     

    —

     

     

     

    (624

    )

     

     

    (1,077

    )

     

     

    (1,308

    )

    Loss on joint venture refinancing on beneficial interests

     

     

    —

     

     

     

    —

     

     

     

    —

     

     

     

    (11,024

    )

    Mark to market gain (loss) on mortgage loans held-for-sale, net

     

     

    970

     

     

     

    (1,712

    )

     

     

    (54,537

    )

     

     

    (8,559

    )

    Other income/(loss)

     

     

    1,029

     

     

     

    (3,278

    )

     

     

    (4,089

    )

     

     

    (1,092

    )

    Total revenue/(loss), net

     

     

    5,633

     

     

     

    (2,783

    )

     

     

    (55,488

    )

     

     

    (17,074

    )

    Expenses:

     

     

     

     

     

     

     

     

    Related party loan servicing fee

     

     

    524

     

     

     

    593

     

     

     

    4,175

     

     

     

    7,269

     

    Related party management fee

     

     

    1,410

     

     

     

    2,235

     

     

     

    23,276

     

     

     

    7,769

     

    Professional fees

     

     

    769

     

     

     

    1,083

     

     

     

    3,413

     

     

     

    3,157

     

    Fair value adjustment on mark to market liabilities

     

     

    —

     

     

     

    —

     

     

     

    (3,078

    )

     

     

    4,491

     

    Other expense

     

     

    1,147

     

     

     

    1,286

     

     

     

    9,631

     

     

     

    6,985

     

    Total expense

     

     

    3,850

     

     

     

    5,197

     

     

     

    37,417

     

     

     

    29,671

     

    Gain on debt extinguishment

     

     

    —

     

     

     

    —

     

     

     

    —

     

     

     

    (31

    )

    Income/(loss) before provision for income taxes

     

     

    1,783

     

     

     

    (7,980

    )

     

     

    (92,905

    )

     

     

    (46,714

    )

    Provision/(benefit) for income taxes

     

     

    26

     

     

     

    (23

    )

     

     

    145

     

     

     

    243

     

    Net income/(loss)

     

     

    1,757

     

     

     

    (7,957

    )

     

     

    (93,050

    )

     

     

    (46,957

    )

    Less: net (loss)/income attributable to the non-controlling interest

     

     

    (1,157

    )

     

     

    72

     

     

     

    (1,215

    )

     

     

    114

     

    Net income/(loss) attributable to the Company

     

     

    2,914

     

     

     

    (8,029

    )

     

     

    (91,835

    )

     

     

    (47,071

    )

    Less: dividends on preferred stock

     

     

    —

     

     

     

    —

     

     

     

    340

     

     

     

    2,190

     

    Net income/(loss) attributable to common stockholders

     

    $

    2,914

     

     

    $

    (8,029

    )

     

    $

    (92,175

    )

     

    $

    (49,261

    )

     

     

     

     

     

     

     

     

     

    Net income/(loss) per share of common stock:

     

     

     

     

     

     

     

     

    Basic

     

    $

    0.06

     

     

    $

    (0.18

    )

     

    $

    (2.29

    )

     

    $

    (2.01

    )

    Diluted

     

    $

    0.06

     

     

    $

    (0.18

    )

     

    $

    (2.29

    )

     

    $

    (2.01

    )

    Weighted average number of shares of common stock outstanding:

     

     

     

     

     

     

     

     

    Basic

     

     

    45,298,505

     

     

     

    45,327,254

     

     

     

    40,195,479

     

     

     

    24,286,999

     

    Diluted

     

     

    45,298,505

     

     

     

    45,327,254

     

     

     

    40,195,479

     

     

     

    24,286,999

     

     

    RITHM PROPERTY TRUST INC. AND SUBSIDIARIES

    CONSOLIDATED BALANCE SHEETS

    (Dollars in thousands except per share amounts)

    (Unaudited)

     
     

     

    December 31, 2024

     

    December 31, 2023

    Assets:

     

     

     

    Cash and cash equivalents

    $

    64,252

     

     

    $

    52,834

     

    Mortgage loans held-for-sale, net

     

    27,788

     

     

     

    55,718

     

    Mortgage loans held-for-investment, net

     

    396,052

     

     

     

    864,551

     

    Investments in securities available-for-sale, at fair value (amortized cost of $314,385 and $139,596, respectively)

     

    308,783

     

     

     

    131,558

     

    Investments in securities held-to-maturity

     

    46,043

     

     

     

    59,691

     

    Investment in equity securities, at fair value

     

    21,918

     

     

     

    —

     

    Investments in beneficial interests, net

     

    89,704

     

     

     

    104,162

     

    Other assets

     

    22,799

     

     

     

    67,777

     

    Total Assets

    $

    977,339

     

     

    $

    1,336,291

     

    Liabilities and Equity

     

     

     

    Liabilities:

     

     

     

    Secured borrowings, net

     

    258,353

     

     

     

    411,212

     

    Borrowings under repurchase transactions

     

    356,565

     

     

     

    375,745

     

    Convertible senior notes

     

    —

     

     

     

    103,516

     

    Notes payable, net

     

    107,647

     

     

     

    106,844

     

    Warrant liability

     

    —

     

     

     

    16,644

     

    Accrued expenses and other liabilities

     

    8,006

     

     

     

    11,435

     

    Total Liabilities

     

    730,571

     

     

     

    1,025,396

     

    Commitments and Contingencies

     

     

     

    Equity:

     

     

     

    Preferred stock $0.01 par value, 25,000,000 shares authorized

     

     

     

    Series A 7.25% Fixed-to-Floating Rate Cumulative Redeemable, $25.00 liquidation preference per share, zero shares issued and outstanding at December 31, 2024 and 424,949 shares issued and outstanding at December 31, 2023

     

    —

     

     

     

    9,411

     

    Series B 5.00% Fixed-to-Floating Rate Cumulative Redeemable, $25.00 liquidation preference per share, zero shares issued and outstanding at December 31, 2024 and 1,135,590 shares issued and outstanding at December 31, 2023

     

    —

     

     

     

    25,143

     

    Common stock $0.01 par value, 125,000,000 shares authorized, 47,085,117 shares issued and 45,420,752 shares outstanding at December 31, 2024 and 27,460,161 shares issued and outstanding at December 31, 2023

     

    471

     

     

     

    285

     

    Additional paid-in capital

     

    425,039

     

     

     

    352,060

     

    Treasury stock

     

    (11,594

    )

     

     

    (9,557

    )

    Retained deficit

     

    (158,003

    )

     

     

    (54,382

    )

    Accumulated other comprehensive loss

     

    (8,991

    )

     

     

    (14,027

    )

    Equity attributable to stockholders

     

    246,922

     

     

     

    308,933

     

    Non-controlling interests

     

    (154

    )

     

     

    1,962

     

    Total Equity

     

    246,768

     

     

     

    310,895

     

    Total Liabilities and Equity

    $

    977,339

     

     

    $

    1,336,291

     

     

    NON-GAAP FINANCIAL MEASURES AND RECONCILIATION TO GAAP NET 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; (ii) other net income and losses not related to the performance of the investment portfolio; and (iii) non-capitalized transaction related expenses.

    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 net 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, net 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 Net Income/(Loss) to Earnings Available for Distribution

    (Dollars in thousands except per share amounts)

    (Unaudited)

    The table below provides a reconciliation of earnings available for distribution to the most directly comparable GAAP financial measure:

     

     

    Three months ended

     

     

    December 31, 2024

     

    September 30, 2024

    Net income/(loss) attributable to common stockholders — GAAP

     

    $

    2,914

     

     

    $

    (8,029

    )

    Adjustments:

     

     

     

     

    Net income/(loss) attributable to non-controlling interest

     

     

    (1,157

    )

     

     

    72

     

    Unrealized (gains)/losses

     

     

    (1,516

    )

     

     

    1,640

     

    Expenses related to the Strategic Transaction1

     

     

    —

     

     

     

    1,010

     

    Other adjustments2

     

     

    82

     

     

     

    (53

    )

    Earnings Available for Distribution — Non-GAAP

     

    $

    323

     

     

    $

    (5,360

    )

     

     

     

     

     

    Weighted average shares - basic

     

     

    45,298,505

     

     

     

    45,327,254

     

    Weighted average shares - diluted

     

     

    45,298,505

     

     

     

    45,327,254

     

     

     

     

     

     

    Basic Earnings Available for Distribution per common share

     

    $

    0.01

     

     

    $

    (0.12

    )

    Diluted Earnings Available for Distribution per common share

     

    $

    0.01

     

     

    $

    (0.12

    )

    ____________________________________

    1. Strategic Transaction refers to the Company's strategic transaction with Rithm Capital, pursuant to which as part of the transaction, Rithm Property Trust entered into a management agreement with an affiliate of Rithm Capital to serve as Rithm Property Trust's external manager. For additional details on the transaction, see the Definitive Proxy Statement filed with the Securities and Exchange Commission on April 10, 2024.



    2. Other adjustments includes amortization, income taxes and stock-based compensation.

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250130306745/en/

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    • Rithm Property Trust Inc. Declares First Quarter 2025 Dividends on Preferred Stock

      Rithm Property Trust Inc. (NYSE:RPT, "Rithm Property Trust" or the "Company")) announced today that its Board of Directors (the "Board") has declared a first quarter 2025 dividend on its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series C"). The Board declared a dividend of $0.4937500 per share, which reflects a pro-rata accrual rate of 9.875% from Series C issuance on March 4th to, but not including, the May 15th payment date. The dividend for the Series C is payable on May 15, 2025, to preferred shareholders of record on May 1, 2025. About Rithm Property Trust Inc. Rithm Property Trust is a real estate investment platform externally managed by an aff

      4/21/25 4:15:00 PM ET
      $RITM
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      Real Estate Investment Trusts
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    • Rithm Property Trust Inc. Schedules First Quarter 2025 Earnings Release and Conference Call

      Rithm Property Trust Inc. (NYSE:RPT, "Rithm Property Trust" or the "Company")) announced today that it will release its first quarter 2025 financial results for the period ended March 31, 2025 on Monday, April 28, 2025 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Monday, April 28, 2025 at 8:00 A.M. Eastern Time. 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/544479904. Please allow extra time prior to the call to visit the website and down

      4/15/25 4:30:00 PM ET
      $RITM
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    • Large owner Rithm Capital Corp. bought $10,000,000 worth of Series C Preferred Stock (400,000 units at $25.00) (SEC Form 4)

      4 - Rithm Property Trust Inc. (0001614806) (Issuer)

      3/21/25 4:25:43 PM ET
      $RPT
      Real Estate Investment Trusts
      Real Estate
    • Rithm Capital Corp. bought $376,743,303 worth of shares (29,664,827 units at $12.70) (SEC Form 4)

      4 - Rithm Capital Corp. (0001556593) (Reporting)

      11/20/23 7:53:57 PM ET
      $RITM
      Real Estate Investment Trusts
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    • Rithm Property Trust Inc. Announces First Quarter 2025 Results

      Rithm Property Trust Inc. (NYSE:RPT, "Rithm Property Trust" or the "Company")) today announced the following information for the quarter ended March 31, 2025. First Quarter 2025 Financial Highlights: GAAP comprehensive income of $1.1 million, or $0.02 per diluted common share1,2 Earnings available for distribution of $0.7 million or $0.02 per diluted common share1,3 Paid a common dividend of $2.7 million or $0.06 per common share Book value per common share of $5.401     Q1 2025   Q4 2024 Summary of Operating Results:         Comprehensive Income per Diluted Common Share1,2   $ 0.02   $ 0.05 Comprehensive Income (in milli

      4/28/25 6:45:00 AM ET
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      Real Estate Investment Trusts
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    • Rithm Capital Corp. Announces First Quarter 2025 Results

      Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company")) today reported the following information for the first quarter ended March 31, 2025: First Quarter 2025 Financial Highlights: GAAP net income of $36.5 million, or $0.07 per diluted common share(1) Earnings available for distribution of $275.3 million, or $0.52 per diluted common share(1)(2) Common dividend of $132.5 million, or $0.25 per common share Book value per common share of $12.39(1)   Q1 2025   Q4 2024   Summary Operating Results:         GAAP Net Income per Diluted Common Share(1) $ 0.07   $ 0.50   GAAP Net Income $ 36.5 million

      4/25/25 6:45:00 AM ET
      $RAC
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      Real Estate Investment Trusts
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    • Rithm Property Trust Inc. Declares First Quarter 2025 Dividends on Preferred Stock

      Rithm Property Trust Inc. (NYSE:RPT, "Rithm Property Trust" or the "Company")) announced today that its Board of Directors (the "Board") has declared a first quarter 2025 dividend on its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series C"). The Board declared a dividend of $0.4937500 per share, which reflects a pro-rata accrual rate of 9.875% from Series C issuance on March 4th to, but not including, the May 15th payment date. The dividend for the Series C is payable on May 15, 2025, to preferred shareholders of record on May 1, 2025. About Rithm Property Trust Inc. Rithm Property Trust is a real estate investment platform externally managed by an aff

      4/21/25 4:15:00 PM ET
      $RITM
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      Real Estate Investment Trusts
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    • Amendment: SEC Form SCHEDULE 13G/A filed by Rithm Property Trust Inc.

      SCHEDULE 13G/A - Rithm Property Trust Inc. (0001614806) (Subject)

      5/9/25 4:23:14 PM ET
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      Real Estate Investment Trusts
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    • SEC Form 10-Q filed by Rithm Property Trust Inc.

      10-Q - Rithm Property Trust Inc. (0001614806) (Filer)

      5/2/25 4:28:39 PM ET
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    • SEC Form 10-Q filed by Rithm Capital Corp.

      10-Q - Rithm Capital Corp. (0001556593) (Filer)

      5/2/25 6:49:41 AM ET
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    • New insider Santoro Nicola Jr claimed ownership of 350 shares (SEC Form 3)

      3 - Rithm Property Trust Inc. (0001614806) (Issuer)

      5/7/25 4:31:14 PM ET
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    • Chief Executive Officer Nierenberg Michael was granted 4,168 shares, increasing direct ownership by 0.38% to 1,097,388 units (SEC Form 4)

      4 - Rithm Capital Corp. (0001556593) (Issuer)

      5/2/25 4:33:00 PM ET
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    • SEC Form 4 filed by Chief Legal Officer Zeiden David

      4 - Rithm Capital Corp. (0001556593) (Issuer)

      5/2/25 4:30:53 PM ET
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      Real Estate Investment Trusts
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    • SEC Form SC 13G/A filed by Rithm Capital Corp. (Amendment)

      SC 13G/A - Rithm Capital Corp. (0001556593) (Subject)

      2/14/24 4:02:32 PM ET
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      Real Estate Investment Trusts
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    • SEC Form SC 13G/A filed by RPT Realty (Amendment)

      SC 13G/A - RPT Realty (0000842183) (Subject)

      2/14/24 6:45:49 AM ET
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    • SEC Form SC 13G/A filed by Rithm Capital Corp. (Amendment)

      SC 13G/A - Rithm Capital Corp. (0001556593) (Subject)

      2/13/24 5:14:10 PM ET
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    • Nate Trunfio Joins Genesis Capital as Chief Strategy Officer

      Mortgage Industry Veteran to Help Accelerate Growth and Innovation Genesis Capital LLC ("Genesis" or the "Company"), a Rithm Capital (NYSE:RITM) company and a leading business purpose lender that provides innovative financing solutions to residential real estate developers, today announced that Nate Trunfio has joined the Company as Chief Strategy Officer. In this role, Mr. Trunfio will work closely with Genesis' senior leadership to identify, structure, and execute strategic initiatives aligned with the Company's mission to empower high-quality real estate investors with innovative, tailored financing solutions. This press release features multimedia. View the full release here: https://w

      4/3/25 11:25:00 AM ET
      $RITM
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    • Great Ajax Corp. Announces Record Date for Stockholders Meeting to Approve Strategic Transaction With Rithm Capital Corp.

      Great Ajax Corp. (NYSE:AJX, the "Company"))), a real estate investment trust, announced today that its board of directors has fixed a record date of April 22, 2024 for its 2024 meeting of stockholders (the "Meeting") to, among other things, consider and vote upon certain matters relating to the previously announced strategic transaction (the "Transaction") by and between the Company and Rithm Capital Corp. (together with its subsidiaries, "Rithm"). At the Meeting, the Company will seek stockholder approval for the following actions: (1) the issuance of common stock to certain exchanging investors in excess of the 19.99% cap imposed by the New York Stock Exchange rules; (2) the issuance of

      4/10/24 12:56:00 PM ET
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      Real Estate Investment Trusts
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    • Livent Set to Join S&P MidCap 400; NCR Voyix and Rush Enterprises to Join S&P SmallCap 600

      NEW YORK, Dec. 19, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Tuesday, January 2: S&P SmallCap 600 constituent Livent Corp. (NYSE:LTHM) will replace NCR Voyix (NYSE:VYX) in the S&P MidCap 400, and NCR Voyix will replace Livent in the S&P SmallCap 600. Allkem Limited (ASX: AKE) is merging with Livent in a transaction expected to be completed on or about Thursday, January 4 pending final conditions. The combined company will be considered US domiciled for index purposes, and Livent will be treated as the surviving entity. Post merger, the company will be named Arcadium Lithium

      12/19/23 5:49:00 PM ET
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    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    • Rithm Capital upgraded by Piper Sandler with a new price target

      Piper Sandler upgraded Rithm Capital from Neutral to Overweight and set a new price target of $14.00

      4/28/25 8:13:19 AM ET
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      Real Estate Investment Trusts
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    • Janney initiated coverage on Rithm Property Trust with a new price target

      Janney initiated coverage of Rithm Property Trust with a rating of Buy and set a new price target of $4.00

      12/31/24 7:23:28 AM ET
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      Real Estate Investment Trusts
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    • UBS initiated coverage on Rithm Capital with a new price target

      UBS initiated coverage of Rithm Capital with a rating of Buy and set a new price target of $12.50

      12/6/23 8:17:46 AM ET
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      Real Estate Investment Trusts
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