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Rithm Property Trust
(NYSE:RPT)
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Rating:47Neutral
Price Target:
$10.50
▼(-20.27% Downside)
Action:Reiterated
Date:08/07/26
The score is held down primarily by weak financial quality (high leverage and recent cash burn) and bearish technicals (below key moving averages with negative MACD). A high dividend yield and signs of operational stabilization from the earnings call provide partial support, but capital-raising and execution risks remain a central overhang.
Positive Factors
Profitability Rebound
The return to positive operating profit and net income indicates meaningful operational progress after weaker periods. If maintained, improved earnings can support internal capital generation, strengthen the platform’s ability to fund investments, and provide a more durable base for shareholder distributions.
Negative Factors
Elevated Leverage
Leverage above two times equity magnifies exposure to changes in funding costs and real-estate asset values. Although leverage modestly improved, the balance sheet remains sensitive to adverse portfolio performance, limiting financial flexibility and increasing the importance of disciplined asset and liability management.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Rebound
The return to positive operating profit and net income indicates meaningful operational progress after weaker periods. If maintained, improved earnings can support internal capital generation, strengthen the platform’s ability to fund investments, and provide a more durable base for shareholder distributions.
Read all positive factors
Rithm Property Trust (RPT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$84.33M
Dividend Yield13.27%
Average Volume (3M)19.56K
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue Growth4.53%
EPS Growth74.73%
CountryUS
Employees1
SectorReal Estate
Sector Strength53
IndustryREIT - Mortgage
Share Statistics
EPS (TTM)-0.29
Shares Outstanding7,772,564
10 Day Avg. Volume21,384
30 Day Avg. Volume19,561
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)0.43
Price to Sales (P/S)2.51
P/FCF Ratio-27.92
Enterprise Value/Market Cap8.62
Enterprise Value/Revenue15.04
Enterprise Value/Gross Profit22.35
Enterprise Value/Ebitda63.54
Forecast
1Y Price Target
$24.00Price Target Upside82.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)<0.01
Revenue Forecast (FY)$28.10M
Rithm Property Trust Business Overview & Revenue Model
Company Description
RPT Realty is an entity focused on owning and managing a nationwide collection of open-air retail centers, predominantly situated in prime U.S. metropolitan areas. These destinations are carefully crafted to provide a diverse range of consumer exp...
How the Company Makes Money
RPT’s earnings are primarily generated from cash flows produced by its real estate and real-estate-related holdings. Key revenue sources typically include: (1) rental and leasing income from owned properties (base rent and, where applicable, reimb...
Rithm Property Trust Earnings Call Summary
Earnings Call Date:Jul 28, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Neutral
The call highlighted clear operational progress: a cleaned balance sheet, stabilization from quarterly losses to breakeven, new high-yield short-duration loan investments (117M at 9.1% gross WAC and ~14% levered return), and a 10% dividend yield. However, the company faces a material capital-raising challenge — a pulled equity offering, limited remaining deployable equity (~$50–100M range), retained low-coupon legacy interests that are hard to monetize, and a persistent gap between book value and market price. Management indicated possible board-level strategic actions and a target to resolve the situation by year-end. Given the meaningful operational improvements balanced against unresolved financing and market-execution risks, the overall tone is mixed and pragmatic.Positive Updates
Stabilized Earnings and Cleaned Balance Sheet
Company transformed from losing ~ $10M per quarter to breakeven; management sold or reduced legacy assets and emphasized a much cleaner balance sheet versus peers.
Negative Updates
Failed Equity Raise / Market Execution Risk
A planned equity offering was pulled due to weak stock market reception and short-selling pressure; management indicated the deal would have required pricing substantially below the market price at the time (stock was cited near $14 with deal pricing south of $10), demonstrating limited ability to raise public equity at attractive terms.
Read all updates
Q2-2026 Updates
Positive
Negative
Stabilized Earnings and Cleaned Balance Sheet
Company transformed from losing ~ $10M per quarter to breakeven; management sold or reduced legacy assets and emphasized a much cleaner balance sheet versus peers.
Read all positive updates
Company Guidance
Management's guidance focused on resetting and growing the vehicle with a target to decide and execute a strategic path by year‑end 2026, and highlighted key metrics: Q2 purchases of roughly $117M of residential and multifamily transition loans with a ~9.1% gross WAC, ~75% advance rate, purchase price just under 101, cost of funds ~5.65% and an estimated ~14% levered return, plus about $111M of future funding capacity; book value was $30.17 (vs. $30.33 prior) and Q2 results were essentially breakeven after previously losing just under $10M per quarter; the company paid a $0.36 dividend (~10% yield), management indicated roughly $50M+ of remaining equity (with ~$100M cited on the residential side) available today, and noted Rithm parent had about $2.1B of cash/liquidity as of 6/30 — potential next steps include equity raises, preferred or debt financings, buybacks, M&A or tenders, subject to board approval and market participation.Rithm Property Trust Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
42
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 48.35M | 50.10M | 47.22M | -16.86M | 217.66M | 75.76M |
| Gross Profit | 32.54M | 19.72M | -61.07M | -16.86M | 150.95M | 68.33M |
| EBITDA | 11.45M | 3.05M | -44.43M | 0.00 | 121.81M | 72.25M |
| Net Income | 2.98M | 1.47M | -91.83M | -47.07M | -15.01M | 41.85M |
Balance Sheet | ||||||
| Total Assets | 928.74M | 1.04B | 977.34M | 1.34B | 1.95B | 1.76B |
| Cash, Cash Equivalents and Short-Term Investments | 67.11M | 79.32M | 64.25M | 184.39M | 5.41M | 84.43M |
| Total Debt | 632.53M | 741.82M | 722.57M | 621.57M | 907.38M | 678.41M |
| Total Liabilities | 643.90M | 750.43M | 730.57M | 1.03B | 967.79M | 1.26B |
| Stockholders Equity | 285.30M | 291.55M | 246.92M | 308.93M | 960.51M | 497.30M |
Cash Flow | ||||||
| Free Cash Flow | -10.12M | -4.50M | 290.00K | -46.46M | 68.27M | 64.72M |
| Operating Cash Flow | -10.12M | -4.50M | 290.00K | -46.46M | 1.14M | 92.86M |
| Investing Cash Flow | 73.78M | -37.06M | 297.27M | 172.82M | -63.73M | -167.13M |
| Financing Cash Flow | -95.17M | 57.43M | -286.15M | -121.37M | -42.10M | -123.18M |
Rithm Property Trust Technical Analysis
Negative
13.17
Price Trends
12.07
Negative
12.78
Negative
13.45
Negative
Market Momentum
-0.40
Negative
35.46
Neutral
44.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RPT, the sentiment is Negative. The current price of 13.17 is above the 20-day moving average (MA) of 11.08, above the 50-day MA of 12.07, and below the 200-day MA of 13.45, indicating a bearish trend. The MACD of -0.40 indicates Negative momentum. The RSI at 35.46 is Neutral, neither overbought nor oversold. The STOCH value of 44.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RPT.
Rithm Property Trust Risk Analysis
Rithm Property Trust disclosed 54 risk factors in its most recent earnings report. Rithm Property Trust reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
The Exchange Ratio is fixed and will not be adjusted in the event of any change in the stock prices of either Kimco or RPT. Q3, 2023
2.
The market price of Kimco common stock may decline as a result of the Mergers. Q3, 2023
3.
The market price and trading volume of the Kimco common stock after the Mergers may be volatile. Q3, 2023
Rithm Property Trust Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | $156.56M | 10.31 | 3.78% | 16.21% | -2.38% | -35.43% | |
59 Neutral | $95.32M | 14.59 | 7.07% | 15.50% | -13.80% | ― | |
47 Neutral | $84.33M | -37.71 | 1.03% | 13.27% | 4.53% | 74.73% | |
47 Neutral | $28.77M | -0.30 | -15.12% | 11.73% | -25.30% | 5.00% | |
44 Neutral | $142.19M | -9.79 | 3.31% | 8.11% | -2.62% | -7470.75% | |
43 Neutral | $25.97M | -1.39 | -6.31% | 32.39% | -22.88% | -293.89% |
* Real Estate Sector Average
RPT
Rithm Property Trust
10.85
-2.53
-18.90%
ACR
ACRES Commercial Realty
10.57
-9.93
-48.44%
SEVN
Seven Hills Realty Trust
6.91
-2.02
-22.64%
LFT
Lument Finance Trust
4.94
-11.60
-70.13%
CHMI
Cherry Hill Mortgage
2.58
0.57
28.55%
GPMT
Granite Point Mortgage
5.97
-18.96
-76.05%
Rithm Property Trust Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Rithm Property Trust Withdraws Equity Offering and Acquisition
Negative
Jul 21, 2026
Rithm Property Trust Inc. has terminated its proposed public offering of common stock and a concurrent private placement that were announced on July 13, 2026. As a result, the company will not proceed with the planned acquisition of a portfolio of...
Business Operations and StrategyPrivate Placements and Financing
Rithm Property Trust Announces Common Stock Offering, Expansion
Positive
Jul 13, 2026
On July 13, 2026, Rithm Property Trust announced a public offering of its common stock, alongside a concurrent private placement in which an affiliate of Rithm Capital indicated interest in purchasing common shares and, under certain conditions, n...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.