Great Ajax Corp ( (RPT) ) has released its Q2 earnings. Here is a breakdown of the information Great Ajax Corp presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Rithm Property Trust Inc. is a real estate investment trust (REIT) that focuses on acquiring, investing in, and managing re-performing and non-performing loans secured by single-family residences and commercial properties. The company operates under a flexible commercial real estate investment strategy following a strategic transaction with Rithm Capital Corp.
In its second quarter of 2025, Rithm Property Trust reported a comprehensive income of $1.4 million, translating to $0.03 per diluted common share. Despite a modest earnings available for distribution of $0.1 million, the company maintained a common dividend payout of $2.7 million or $0.06 per share.
Key financial metrics for the quarter included a slight increase in comprehensive income per diluted common share from $0.02 to $0.03, and a stable book value per common share at $5.37. Net interest income rose to $4.2 million, while the company also reported a net income attributable to common stockholders of $612,000, recovering from a loss in the previous quarter.
Looking ahead, Rithm Property Trust’s management remains optimistic about its growth potential, emphasizing a robust pipeline and disciplined investment approach. The company aims to build on its momentum to deliver sustained value for shareholders.