Successful Repositioning and Capital Deployment
Rithm Property Trust deployed $300 million in commercial real estate assets and raised a new pool of capital without diluting shareholders.
Improved Financial Performance
The company reported $1.4 million in GAAP income or $0.03 per diluted share, improving from a loss of $0.35 per share in Q2 2024.
Strong Pipeline of Opportunities
Rithm Property Trust has a pipeline of $2 billion in assets, including senior mortgages, subordinate loans, mezzanine loans, and other investments.
Commitment to Dividend and Liquidity
The company maintained a dividend of $0.06 per common share and has approximately $100 million in cash and liquidity.