Rithm Property Trust Inc. (NYSE:RPT) is included among the 13 Dividend Stocks with Over 8% Yield. Compass Point Initiates Coverage on Rithm Property Trust (RPT) with Buy Rating On January 7, Compass Point began coverage of Rithm Property Trust Inc. (NYSE:RPT) with a Buy rating and set a $24 price target. During the company’s third-quarter earnings call, CEO Michael Nierenberg reflected on where the business stood when the current management team took control last June. At that time, the company was losi ...

Company Updates - Greenlane Holdings Inc. announced the resignation of its CEO, Barbara Sher, effective immediately, leading to an 11% drop in shares, closing at $2.35 on Friday [1] - Tokyo Lifestyle Co. Ltd. reported a loss of 2 cents per share for H1, compared to earnings of 3 cents per share in the previous year, while sales increased to $190.421 million from $98.003 million, resulting in a 3.3% decline in shares to $2.66 in after-hours trading [1] - Comfort Systems USA Inc. appointed COO Trent T. McKenna as president, effective January 1, with shares gaining 0.6% to $945.99 in after-hours trading [1] - cbdMD Inc. reported a loss of 8 cents per share for the fourth quarter, slightly worse than market estimates of a loss of 7 cents per share, but sales of $4.721 million exceeded estimates of $4.702 million, leading to a 1.3% increase in shares to $1.53 in after-hours trading [1] - Rithm Property Trust Inc. announced a 1-for-6 reverse stock split effective December 30, 2025, with shares falling 2.5% to close at $2.78 on Friday [1]

NEW YORK--(BUSINESS WIRE)--Rithm Property Trust Inc. (NYSE: RPT, "RPT†or the "Company†) today announced that its Board of Directors unanimously approved a one-for-six reverse stock split (the "Reverse Stock Split†) of the Company's issued and outstanding shares of common stock (the "Common Stock†). The Reverse Stock Split is expected to take effect as of 5:00 p.m. Eastern Time, on December 30, 2025. Accordingly, at such time, every six issued and outstanding shares of Common Stock will be conv. ...

Financial Data and Key Metrics Changes - The company reported flat earnings quarter over quarter, maintaining a dividend of $0.06 [5][11] - Cash and cash equivalents at the end of the quarter were $81 million, with total equity at $292 million [11] - The portfolio value is approximately $308 million, with the company holding around $100 million in cash [10][11] Business Line Data and Key Metrics Changes - During the quarter, the company originated a $21 million loan on a grocery-anchored retail center, expected to yield in the mid-teens [11] - The company has liquidated several residential assets and added higher-yielding commercial real estate floaters [5][6] Market Data and Key Metrics Changes - The company is exploring opportunities in the commercial real estate market, particularly in office spaces, which are currently seen as undervalued [21][26] - The market for commercial mortgage REITs is experiencing significant discounts, influenced by recent bankruptcies and credit concerns [20][21] Company Strategy and Development Direction - The company is considering several strategic options, including recapitalization through equity offerings, liquidation, or continuing its current strategy [6][7] - The management is focused on growing the direct lending business and exploring opportunistic investments in commercial real estate [8][21] - The recent acquisition of Paramount is seen as a significant opportunity for growth, with plans to participate in the transaction [7][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's clean balance sheet and lack of legacy issues, positioning it well for future growth [20][34] - The company is actively seeking to grow earnings and believes the current equity valuation is fundamentally mispriced [34] Other Important Information - The company has a pipeline of potential investments and is keen on executing its growth strategy [10][11] - The management highlighted the importance of capital for growth and is considering various funding options [23][29] Q&A Session Summary Question: What does the loan pool look like currently? - Management discussed the Paramount deal and the potential for direct lending growth, mentioning a $21 million loan originated this quarter [15][16] Question: What are the economics of the Paramount transaction? - The Paramount deal is primarily equity-based, with expectations of significant returns due to acquiring assets at a discount to replacement costs [26][27] Question: Could Rithm Capital deploy capital into Rithm Property Trust? - Management acknowledged ongoing discussions about potential equity offerings and the possibility of a rights offering backed by a pool of assets [28][29] Question: Has the Paramount deal opened up potential partners for Rithm Property Trust? - Management confirmed that the deal has led to new conversations with potential partners, enhancing opportunities for funding [30][31]

Financial Performance & Position - Rithm Property Trust (RPT) reported a GAAP Comprehensive Income loss of $04 million, or a loss of $001 per diluted share, and an Earnings Available for Distribution (EAD) loss of $07 million, or a loss of $002 per diluted share for Q3 2025[10] - As of September 30, 2025, RPT had $814 million in cash and cash equivalents and total equity of $2915 million, with a GAAP book value of $530 per common share[10] - RPT paid a common stock dividend of $006 per share for the third quarter of 2025[10] Investment Portfolio & Strategy - Rithm Property Trust has an active investment pipeline of over $2 billion[8] - The company's CRE portfolio has an Unpaid Principal Balance (UPB) of $308 million[8] - RPT is transitioning to a portfolio focused on high-quality CRE assets, targeting an illustrative portfolio yield of 12-16%[14] - The target yield for Commercial Mortgage-Backed Securities is 10-12%, with an existing portfolio UPB of $274 million and a current levered yield of 12%[14] - The target yield for Senior Loans is 10-14%, with an existing portfolio UPB of $17 million and a current levered yield of 14-16%[14] Management & Market Opportunity - Rithm Property Trust is externally managed by an affiliate of Rithm Capital, which has grown from $1 billion in equity to $85 billion[9] - RPT originated a $21 million loan on a grocery-anchored retail center outside of Seattle in August 2025, with $17 million funded at close, an 113% going-in debt yield, and a 52% appraised Loan-to-Value (LTV)[11]

Core Insights - Rithm Property Trust Inc. reported a comprehensive loss of $0.4 million for Q3 2025, translating to a loss of $0.01 per diluted common share, compared to a comprehensive income of $1.4 million or $0.03 per diluted common share in Q2 2025 [2][4][8] Financial Highlights - Comprehensive income per diluted common share decreased from $0.03 in Q2 2025 to $(0.01) in Q3 2025 [2][4] - The company recorded a comprehensive loss of $(0.4) million in Q3 2025, down from a comprehensive income of $1.4 million in Q2 2025 [2][4] - Earnings available for distribution per diluted common share was $(0.02) in Q3 2025, compared to no earnings available for distribution in Q2 2025 [2][4] - The common dividend paid remained stable at $2.7 million or $0.06 per share for both Q3 2025 and Q2 2025 [2][4] Operational Performance - Net interest income for Q3 2025 was $3.988 million, a decrease from $4.213 million in Q2 2025 [8] - Total expenses were $3.965 million in Q3 2025, slightly up from $3.961 million in Q2 2025 [8] - The company reported a net loss attributable to common stockholders of $(1.559) million in Q3 2025, compared to a net income of $0.612 million in Q2 2025 [8] Balance Sheet Overview - Total assets decreased from $1.014 billion in Q2 2025 to $1.003 billion in Q3 2025 [9] - Cash and cash equivalents declined from $98.629 million in Q2 2025 to $81.446 million in Q3 2025 [9] - Total liabilities decreased from $719.784 million in Q2 2025 to $711.590 million in Q3 2025 [9] Dividend Information - The Board declared a cash dividend of $0.06 per share of common stock for Q3 2025, payable on November 28, 2025 [21]

Core Insights - The focus is on income-producing asset classes such as REITs, ETFs, Preferreds, and 'Dividend Champions' that target premium dividend yields up to 10% [1][2] - The service aims to provide sustainable portfolio income, diversification, and inflation hedging for investors [2] Group 1 - The investment strategy emphasizes complete access to research and a suite of trackers and portfolios [1] - The service offers a Free Two-Week Trial to explore top ideas across exclusive income-focused portfolios [2] - The author has a background in data analysis and pension fund management, focusing on helping others prepare for retirement through various investment vehicles [3]

Core Points - Rithm Property Trust Inc. has declared its third quarter 2025 common and preferred stock dividends [1] - The common stock dividend is set at $0.06 per share, payable on November 28, 2025, to stockholders of record as of November 14, 2025 [2] - The preferred stock dividend for the 9.875% Series C is declared at $0.6171875 per share, payable on November 17, 2025, to preferred stockholders of record on November 1, 2025 [3] Company Overview - Rithm Property Trust is a real estate investment platform managed by an affiliate of Rithm Capital Corp. and focuses on acquiring, investing in, and managing re-performing and non-performing loans secured by residential and commercial properties [4] - The company has transitioned to a flexible commercial real estate investment strategy as part of its 2024 strategic transaction with Rithm Capital [4]

Financial Data and Key Metrics Changes - The company reported GAAP income of $1.4 million or $0.03 per diluted share for Q2 2025, which is an improvement from a loss of $0.35 per diluted share in Q2 2024 [12][16] - The total equity stands at approximately $300 million, with a GAAP book value of $5.37, while the stock is trading at around $2.70, reflecting a 50% discount to book value [12][9] - Cash and cash equivalents are reported at about $98.6 million [12] Business Line Data and Key Metrics Changes - The company has a current pipeline of approximately $2 billion in assets under evaluation, with a focus on various types of real estate investments including senior mortgages, subordinate loans, and mezzanine loans [11][15] - The company has deployed $300 million in commercial real estate assets over the past year [7] Market Data and Key Metrics Changes - The company is entering the real estate market at what it believes is an attractive time, with significant opportunities arising from repricing in commercial real estate assets and continuous debt maturities [13][15] - The company is currently evaluating a large pipeline of deals, indicating a robust market presence [10][35] Company Strategy and Development Direction - The company aims to position itself as an opportunistic commercial real estate REIT, focusing on growth and capital deployment without diluting shareholders [7][19] - The management team emphasizes the importance of careful underwriting and capital deployment to achieve double-digit returns [15][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future value proposition of the company, despite current stock price challenges, citing a clean balance sheet and significant investment opportunities [9][10] - The management team is focused on maintaining the current dividend and growing earnings, with a commitment to not reduce the dividend in the near term [12][42] Other Important Information - The company has no legacy commercial real estate assets, which is seen as a positive factor for future growth [9][14] - The management team consists of approximately 75 to 100 employees working across various vehicles [14] Q&A Session Summary Question: Near term opportunities in the pipeline - Management discussed the breakdown of the pipeline across different sectors, including retail, multifamily, and office spaces, with a focus on strong tenants [21][23] Question: Go forward plan for the portfolio - Management indicated that they plan to deploy about $50 million in capital this quarter, focusing on retail, multifamily, and office opportunities [27][29] Question: Scaling the pipeline and execution opportunities - Management noted that the increase in the pipeline is due to more conversations with sponsors and banking partners, and emphasized a cautious approach to capital deployment [32][34] Question: Funding sources for new opportunities - Management mentioned the potential to use their securities book as a funding source for new lending opportunities, while also considering third-party capital for larger transactions [36][39] Question: Dividend levels and earnings growth - Management acknowledged the need to create scale around capital formation to maintain and grow the dividend, while also aiming for earnings growth [41][42]

Financial Performance - As of June 30, 2025, Rithm Property Trust's total assets were approximately $1014373 thousand, compared to $1028331 thousand as of March 31, 2025[15] - The book value per share decreased from $540 as of March 31, 2025, to $537 as of June 30, 2025[16] - Net income attributable to common stockholders for the three months ended June 30, 2025, was $612 thousand, compared to a loss of $3744 thousand for the three months ended March 31, 2025[17] - Basic net income per common share was $001 for the three months ended June 30, 2025, compared to a loss of $008 for the three months ended March 31, 2025[17] Portfolio & Investment Strategy - The company targets yields of 10-12% for Commercial Mortgage-Backed A Securities, 10-14% for Senior Loans, 12-18% for Subordinated/Mezzanine Loans, and 15-20% for Opportunistic Investments[13] - The illustrative portfolio yield is targeted at 12-16%[13] - Rithm Property Trust emphasizes growth opportunities in the Commercial Real Estate landscape[6] Liabilities & Equity - Total liabilities were $719784 thousand as of June 30, 2025, compared to $732411 thousand as of March 31, 2025[15] - Stockholders' equity in Rithm Property Trust Inc was $294739 thousand as of June 30, 2025, compared to $296071 thousand as of March 31, 2025[15]