About Rithm Property Trust Inc.
https://www.greatajax.comRPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners.

CEO
Michael Nierenberg
Compensation Summary
(Year 2018)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2025-12-31 | Reverse | 1:6 |
| 1996-05-13 | Reverse | 1:4 |
ETFs Holding This Stock
Summary
Showing Top 3 of 37
Ratings Snapshot
Rating : C-
Price Target
Institutional Ownership

NWQ INVESTMENT MANAGEMENT COMPANY, LLC
Shares:900.8K
Value:$14.57M

PARAMETRIC PORTFOLIO ASSOCIATES LLC
Shares:430.92K
Value:$6.97M

RVB CAPITAL MANAGEMENT LLC
Shares:400K
Value:$6.47M
Summary
Showing Top 3 of 34
About Rithm Property Trust Inc.
https://www.greatajax.comRPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $1.99M ▼ | $1.99M ▼ | $-273K ▼ | -13.69% ▼ | $-0.21 ▼ | $0 |
| Q2-2025 | $4.69M ▼ | $3.47M ▲ | $1.9M ▲ | 40.43% ▲ | $0.08 ▲ | $0 ▼ |
| Q1-2025 | $11.32M ▼ | $2.43M ▲ | $-3.39M ▼ | -29.99% ▼ | $-0.49 ▼ | $5.95M ▼ |
| Q4-2024 | $13.27M ▲ | $2.18M ▼ | $2.91M ▲ | 21.94% ▲ | $0.36 ▲ | $11.22M ▲ |
| Q3-2024 | $9.07M | $3.32M | $-8.03M | -88.52% | $-1.08 | $1.39M |
What's going well?
Interest expense is gone, which could help future profits if revenue recovers. Overhead costs were cut sharply compared to last quarter.
What's concerning?
Revenue collapsed by more than half, and the company swung from profit to a big loss. A large, unexplained expense distorted results, and core business profitability has disappeared.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $82.37M ▼ | $1B ▼ | $711.59M ▼ | $291.65M ▼ |
| Q2-2025 | $98.63M ▲ | $1.01B ▼ | $719.78M ▼ | $294.74M ▼ |
| Q1-2025 | $97.44M ▲ | $1.03B ▲ | $732.41M ▲ | $296.07M ▲ |
| Q4-2024 | $64.25M ▼ | $977.34M ▲ | $730.57M ▲ | $246.92M ▲ |
| Q3-2024 | $84.02M | $858.15M | $611.06M | $246.09M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $1.9M ▲ | $-25K ▲ | $17.75M ▲ | $-16.54M ▼ | $1.19M ▼ | $-25K ▲ |
| Q1-2025 | $-3.39M ▼ | $-1.6M ▲ | $-16.05M ▲ | $50.84M ▼ | $33.19M ▲ | $-1.6M ▲ |
| Q4-2024 | $1.76M ▲ | $-2.43M ▲ | $-131.04M ▼ | $113.7M ▲ | $-19.76M ▼ | $-2.43M ▲ |
| Q3-2024 | $-7.95M ▲ | $-5.3M ▼ | $45.21M ▼ | $-27.92M ▲ | $11.99M ▲ | $-5.3M ▼ |
| Q2-2024 | $-12.86M | $16.25M | $290.41M | $-334.68M | $-28.03M | $16.25M |
Revenue by Products
| Product | Q4-2022 | Q1-2023 | Q2-2023 | Q3-2023 |
|---|---|---|---|---|
Management and Other Fee Income | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Real Estate Other | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Rental Income | $50.00M ▲ | $50.00M ▲ | $50.00M ▲ | $50.00M ▲ |

CEO
Michael Nierenberg
Compensation Summary
(Year 2018)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2025-12-31 | Reverse | 1:6 |
| 1996-05-13 | Reverse | 1:4 |
ETFs Holding This Stock
Summary
Showing Top 3 of 37
Ratings Snapshot
Rating : C-
Price Target
Institutional Ownership

NWQ INVESTMENT MANAGEMENT COMPANY, LLC
Shares:900.8K
Value:$14.57M

PARAMETRIC PORTFOLIO ASSOCIATES LLC
Shares:430.92K
Value:$6.97M

RVB CAPITAL MANAGEMENT LLC
Shares:400K
Value:$6.47M
Summary
Showing Top 3 of 34




