Rithm Property Trust Appoints New CFO Amidst Leadership Change

Rithm Property Trust ( (RPT) ) has shared an announcement.

Rithm Property Trust Inc. announced the appointment of Nicola Santoro, Jr. as Chief Financial Officer and Chief Accounting Officer effective April 28, 2025, following the resignation of Mary Doyle. The company reported a GAAP comprehensive income of $1.1 million for the first quarter of 2025, with earnings available for distribution of $0.7 million. It deployed $64 million into commercial real estate investments and issued preferred stock for net proceeds of $50.8 million. The company declared a cash dividend of $0.06 per share, demonstrating its strategic focus on capital deployment and shareholder value.

Spark’s Take on RPT Stock

According to Spark, TipRanks’ AI Analyst, RPT is a Neutral.

Rithm Property Trust faces significant financial challenges, including declining revenues and consistent net losses, which heavily impact its stock score. Although recent earnings indicate a potential turnaround, the technical indicators remain bearish, and valuation metrics are concerning due to negative earnings. Nevertheless, a high dividend yield and strategic repositioning towards commercial real estate are positive factors. The need for additional capital and legacy asset issues continue to present risks.

To see Spark’s full report on RPT stock, click here.

More about Rithm Property Trust

Rithm Property Trust Inc. operates in the real estate industry, focusing on commercial real estate investments. It is externally managed by RCM GA Manager LLC and does not directly compensate its executive officers, who are personnel of the manager or its affiliates.

YTD Price Performance: -2.51%

Average Trading Volume: 265,702

Technical Sentiment Signal: Strong Buy

Current Market Cap: $134.9M

Learn more about RPT stock on TipRanks’ Stock Analysis page.