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Rithm Property Trust (RPT)
NYSE:RPT
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
0.12Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed but constructive picture: RPT has a solid liquidity position, a sizable internal origination pipeline (Genesis), identified near-term accretive assets (~$1B), and a clear strategic plan (reverse split, repositioning, targeted EPS/dividend outcomes). However, near-term operating results were flat (Q4 diluted EPS about -$0.06), investment activity was light, and the plan is heavily contingent on a market-dependent recapitalization while the stock trades at a significant discount to book. The tone is patient and opportunistic, balancing current weakness with credible paths to earnings accretion.Company Guidance
Strong Liquidity Position
Rithm Property Trust ended the quarter with approximately $100 million of cash and liquidity and total equity of about $300 million, providing flexibility for opportunistic investments and a potential recapitalization.
Book Value and Trading Discount
Book value was reported at roughly $300 million or about $31 per diluted share, while the common shares were trading at roughly 50% of book (stock ~ $15–$16), highlighting an asset-rich balance sheet despite market discounting.
GAAP Earnings and EPS
GAAP earnings for Q4 were $2.5 million. After adjustments (EAD approximately -$0.5 million), the quarter produced a diluted loss per share of about -$0.06.
High Dividend Yield
The company continues to pay a common stock dividend with an indicated yield of 8.7%, and management targets a future state trading roughly ~9% dividend yield as part of its recapitalization thesis.
Strategic Reverse Split to Improve Market Perception
Management completed a 6:1 reverse share split, moving the per-share price from roughly $2 pre-split to the current ~$15–$16 quote, intended to attract more investor interest.
Large Origination Growth at Genesis
Genesis origination volume is projected to grow to roughly $6–7 billion this year versus $1.7 billion in 2022 (an approximate 250%–312% increase), creating a deep internal pipeline of loans that can be accretive to RPT's balance sheet.
Identified Near-Term Accretive Assets
Management identified roughly $1 billion of loans/assets that could be placed onto RPT's balance sheet (subject to board approval), which would be expected to generate an immediate earnings uplift with no J-curve.
Participation in Paramount Transaction
RPT holds approximately $50 million of the Paramount acquisition (parent transaction ~ $1.6 billion with ~$300 million NOI), entitling RPT to a pro rata share of returns from that investment.
Diversified Sourcing and Distribution Capabilities
Rithm and affiliates have multiple sourcing channels (Genesis, Paramount, third-party originators, funds/SMAs, partnerships like Sculptor) and have launched fund distribution on a wirehouse, supporting scale and third-party capital inflows.
Forward Earnings Target
Management articulated a path (contingent on successful recapitalization) to increase RPT earnings to an estimated $1.60–$1.70 per share with an implied book value target near $20 post-recapitalization assumptions.
RPT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RPT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 13, 2026 | $14.98 | $14.71 | -1.80% |
Oct 31, 2025 | $14.16 | $15.31 | +8.10% |
Jul 24, 2025 | $14.96 | $14.96 | 0.00% |
Apr 28, 2025 | $15.58 | $15.58 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Rithm Property Trust (RPT) report earnings?
Rithm Property Trust (RPT) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Rithm Property Trust (RPT) earnings time?
Rithm Property Trust (RPT) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RPT EPS forecast?
RPT EPS forecast for the fiscal quarter 2026 (Q1) is -0.07.