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Rithm Property Trust (RPT)
NYSE:RPT
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.01Last Year’s EPS
-2.41Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 12.10%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call showcased a positive turnaround for Rithm Property Trust with its first profitable quarter in three years and a strategic shift towards commercial real estate. However, the need for additional capital and challenges with legacy assets present ongoing financial hurdles. Overall, the sentiment is cautiously optimistic with a focus on growth and value creation.Company Guidance
In the fourth quarter of 2024, Rithm Property Trust reported a positive economic result for the first time in three years, with GAAP income of $2.9 million, translating to $0.06 per diluted share. The company maintained its dividend at $0.06 per common share and ended Q4 with cash and liquidity of $64 million and total shareholder equity of $247 million. Despite a 60 basis points increase in interest rates, the book value remained steady at $5.44. The firm repositioned by selling approximately $340 million of legacy residential mortgage assets and reinvested $50 million into high-quality commercial real estate. Rithm aims to raise additional capital in Q1 through a preferred equity deal, targeting low double-digit returns on new commercial real estate investments. The vehicle's current equity is roughly $250 million, trading at about 50% of book value, and the firm sees opportunities for growth through M&A, following a strategy similar to its past successes.Positive Economic Result
For the first time in three years, Rithm Property Trust reported a positive economic result in Q4, with earnings of $0.06 per diluted share from a GAAP perspective.
Repositioning and Strategic Shift
The company repositioned its balance sheet to focus on high-quality commercial real estate, selling down legacy residential positions and reinvesting the proceeds.
Stable Dividend and Book Value
Maintained a dividend of $0.06 per common share and kept the book value essentially unchanged at $5.44 despite interest rates rising by approximately 60 basis points.
Pipeline and Growth Strategy
A robust pipeline of $1 billion in potential investments is being targeted, with a focus on commercial real estate and opportunistic situations yielding low double-digit returns.
M&A Opportunities for Growth
Plans to explore mergers and acquisitions to grow the company, leveraging a broad pipeline at Rithm Capital.
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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
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RPT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $2.81 | $3.02 | +7.47% |
| Oct 21, 2024 | $3.13 | $3.13 | 0.00% |
| Jul 24, 2024 | $3.64 | $3.30 | -9.34% |
| May 03, 2024 | $3.38 | $3.26 | -3.55% |
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.
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FAQ
When does Rithm Property Trust (RPT) report earnings?
Rithm Property Trust (RPT) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Rithm Property Trust (RPT) earnings time?
Rithm Property Trust (RPT) earnings time is at May 01, 2025, TBA Not 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 (Q1) is 0.01.
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