Rithm Property Trust reports Q2 EPS for distribution 0c, consensus 3c

Reports GAAP comprehensive income of $1.4M, or 3c per diluted common share, and earnings available for distribution of $0.1M, or 0c per diluted common share. Reports book value per common share of $5.37. “The second quarter was a pivotal quarter for Rithm Property Trust (RPT) as we laid the foundation for growth of our core investment portfolio,” said Michael Nierenberg, CEO of Rithm Capital. “With a robust pipeline, a disciplined investment approach and a focused team, we are well positioned to build on this momentum and deliver sustained value for our shareholders.”