The earnings call presented a balanced view with significant positive strides towards profitability and a robust future pipeline, but challenges remain with the stock's significant discount to book value and limited immediate earnings for distribution.

Company Guidance

In the second quarter 2025 earnings call for Rithm Property Trust, Michael Nierenberg, the CEO, outlined the company's strategic initiatives and future prospects. The company has transitioned into an opportunistic commercial real estate REIT, deploying $300 million in commercial real estate assets over the past year. Despite a current stock price trading at a 50% discount to its GAAP book value of $5.37, Nierenberg emphasized the potential for significant upside as they continue to execute their strategic plan. The current pipeline includes $2 billion of assets under evaluation, with the aim to deploy $50 million of equity in the third quarter, targeting returns in the teens. The company reported $1.4 million in GAAP income, or $0.03 per diluted share, and declared a common stock dividend of $0.06 per share. With approximately $100 million in cash and liquidity, Rithm plans to leverage third-party capital for larger transactions to avoid diluting shareholders and maintain the dividend. The management is focused on scaling the business and enhancing shareholder value, while being cautious in capital deployment, particularly in the current real estate market environment.

Successful Deployment of Capital

The company deployed $300 million in commercial real estate assets and raised a new pool of capital without diluting shareholders.

Path to Profitability

The company reported $1.4 million in GAAP income or $0.03 per diluted share compared to a loss of $0.35 per diluted share in Q2 of '24.

Robust Pipeline

The current pipeline includes $2 billion of real estate assets under evaluation, with plans to deploy $50 million in equity in Q3 with double-digit returns.

High Target Yields

Target yields for future investments are expected to be around 15% across various investment types, including CMBS senior loans and mezzanine loans.

Rithm Property Trust (RPT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RPT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.02 / -	-0.12	―	―	―
Jul 24, 2025	2025 (Q2)	0.03 / 0.00	-0.24	―
Apr 28, 2025	2025 (Q1)	0.02 / 0.02	-2.41	100.83% (+2.43)
Jan 30, 2025	2024 (Q4)	-0.27 / 0.01	-0.07	114.29% (+0.08)
Oct 21, 2024	2024 (Q3)	-0.38 / -0.12	-0.25	52.00% (+0.13)
Jul 24, 2024	2024 (Q2)	-0.30 / -0.24	-0.11	-118.18% (-0.13)
May 03, 2024	2024 (Q1)	-0.07 / -2.41	-0.095	-2436.84% (-2.31)	―	―
Feb 26, 2024	2023 (Q4)	0.20 / -0.07	-0.05	-40.00% (-0.02)	―	―
Nov 02, 2023	2023 (Q3)	0.18 / -0.25	0.16	-256.25% (-0.41)
Aug 03, 2023	2023 (Q2)	<0.01 / -0.11	0.176	-162.50% (-0.29)

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
Jul 24, 2025	$2.61	$2.61	0.00%
Apr 28, 2025	$2.72	$2.72	0.00%
Jan 30, 2025	$2.68	$2.89	+7.84%
Oct 21, 2024	$2.99	$2.99	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 Oct 30, 2025, After Close (Confirmed).

What is Rithm Property Trust (RPT) earnings time?

Rithm Property Trust (RPT) earnings time is at Oct 30, 2025, 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 2025 (Q3) is 0.02.

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