Rithm Property Trust (RPT)
NYSE:RPT
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Rithm Property Trust
(NYSE:RPT)
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Rating:44Neutral
Price Target:
$14.00
▲(5.11% Upside)
Action:ReiteratedDate:02/28/26
The score is held back primarily by weak financial quality (high leverage and negative 2025 cash flow) and bearish technicals (below major moving averages with negative MACD). A high dividend yield and a constructive—but recapitalization-dependent—earnings outlook provide partial offset.
Positive Factors
Liquidity Position
A ~$100M cash/liquidity buffer and roughly $300M of equity give RPT runway to pursue opportunistic investments and withstand near-term funding stress. This structural liquidity underpins flexibility for asset deployments, recapitalization talks, and managing maturing liabilities over months.
Negative Factors
High Leverage
Elevated leverage (debt-to-equity ~2.54x) constrains financial flexibility and magnifies refinancing and interest-rate risks. In a cyclical CRE/REIT context, high debt levels increase vulnerability to funding stress and reduce capacity to pursue acquisitions without dilutive or expensive capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Liquidity Position
A ~$100M cash/liquidity buffer and roughly $300M of equity give RPT runway to pursue opportunistic investments and withstand near-term funding stress. This structural liquidity underpins flexibility for asset deployments, recapitalization talks, and managing maturing liabilities over months.
Read all positive factors
Rithm Property Trust (RPT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$103.27M
Dividend Yield9.13%
Average Volume (3M)165.04K
Price to Earnings (P/E)85.3
Beta (1Y)0.69
Revenue Growth-2.17%
EPS Growth98.78%
CountryUS
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Mortgage
Share Statistics
EPS (TTM)-0.06
Shares Outstanding7,571,310
10 Day Avg. Volume177,342
30 Day Avg. Volume165,037
Financial Highlights & Ratios
PEG Ratio-0.88
Price to Book (P/B)0.43
Price to Sales (P/S)2.38
P/FCF Ratio-27.92
Enterprise Value/Market Cap7.39
Enterprise Value/Revenue19.09
Enterprise Value/Gross Profit29.39
Enterprise Value/Ebitda41.60
Forecast
1Y Price Target
$24.00Price Target Upside80.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.89
Revenue Forecast (FY)$28.10M
Rithm Property Trust Business Overview & Revenue Model
Company Description
RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their su...
How the Company Makes Money
Rithm Property Trust generates revenue primarily through rental income from its portfolio of properties. This involves leasing space to residential tenants, businesses, and retailers, which provides a steady stream of rental payments. The company ...
Rithm Property Trust Earnings Call Summary
Earnings Call Date:Feb 13, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
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.Positive Updates
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.
Negative Updates
Flat Near-Term Financial Performance
Fourth-quarter results were essentially flat with a small GAAP profit offset by adjustments resulting in a diluted loss of about -$0.06 per share, indicating limited near-term earnings momentum absent a capital raise or asset deployment.
Read all updates
Q4-2025 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Management said that, contingent on a successful recapitalization, Rithm Property Trust could move from flat earnings to roughly $1.60–$1.70 of EPS and trade at about a 9% dividend yield with a book value near $20 per share; today the company has roughly $100M of cash and liquidity, total equity of ~$300M (book value ≈ $31/share), and the common stock is trading around $15–$16 (~50% of book) after a 6:1 reverse split. Quarterly results showed Q4 GAAP earnings of $2.5M and EAD of about –$0.5M (≈ –$0.06/diluted), a current dividend yield of ~8.7%, and RPT holds $50M of the $1.6B Paramount transaction (Rithm-level NOI ~ $300M); management also identified ~ $1B of loans that could be deployed to RPT, expects Genesis production of $6–$7B this year (up from $1.7B in 2022), and noted Genesis-style loans can be levered to yields well north of 15%.Rithm Property Trust Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
41
Neutral
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 52.80M | 47.22M | -16.86M | 217.66M | 75.76M |
| Gross Profit | 44.58M | -61.07M | -16.86M | 150.95M | 68.33M |
| EBITDA | 38.92M | -44.43M | 0.00 | 116.94M | 0.00 |
| Net Income | 1.47M | -91.83M | -47.07M | -15.01M | 41.85M |
Balance Sheet | |||||
| Total Assets | 1.04B | 977.34M | 1.34B | 1.95B | 1.76B |
| Cash, Cash Equivalents and Short-Term Investments | 79.32M | 64.25M | 184.39M | 5.41M | 84.43M |
| Total Debt | 741.82M | 722.57M | 621.57M | 907.38M | 678.41M |
| Total Liabilities | 750.43M | 730.57M | 1.03B | 967.79M | 1.26B |
| Stockholders Equity | 291.55M | 246.92M | 308.93M | 960.51M | 497.30M |
Cash Flow | |||||
| Free Cash Flow | -4.50M | 290.00K | -46.46M | 68.27M | 64.72M |
| Operating Cash Flow | -4.50M | 290.00K | -46.46M | 1.14M | 92.86M |
| Investing Cash Flow | -37.06M | 297.27M | 172.82M | -63.73M | -167.13M |
| Financing Cash Flow | 57.43M | -286.15M | -121.37M | -42.10M | -123.18M |
Rithm Property Trust Technical Analysis
Negative
13.32
Price Trends
15.00
Negative
15.14
Negative
14.97
Negative
Market Momentum
-0.41
Positive
32.74
Neutral
28.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RPT, the sentiment is Negative. The current price of 13.32 is below the 20-day moving average (MA) of 14.19, below the 50-day MA of 15.00, and below the 200-day MA of 14.97, indicating a bearish trend. The MACD of -0.41 indicates Positive momentum. The RSI at 32.74 is Neutral, neither overbought nor oversold. The STOCH value of 28.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RPT.
Rithm Property Trust Risk Analysis
Rithm Property Trust disclosed 54 risk factors in its most recent earnings report. Rithm Property Trust reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
The Exchange Ratio is fixed and will not be adjusted in the event of any change in the stock prices of either Kimco or RPT. Q3, 2023
2.
The market price of Kimco common stock may decline as a result of the Mergers. Q3, 2023
3.
The market price and trading volume of the Kimco common stock after the Mergers may be volatile. Q3, 2023
Rithm Property Trust Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $186.42M | 7.07 | 5.46% | 13.82% | -18.06% | -18.94% | |
58 Neutral | $135.49M | 7.14 | 4.99% | ― | -18.37% | 18.80% | |
55 Neutral | $102.14M | -25.12 | 2.95% | 21.65% | 22.14% | ― | |
53 Neutral | $64.45M | -9.86 | 4.30% | 23.03% | -31.69% | -72.10% | |
45 Neutral | $68.49M | -2.79 | -7.12% | 7.97% | -28.13% | 62.49% | |
44 Neutral | $103.27M | 85.27 | 0.50% | 9.13% | -2.17% | 98.78% |
* Real Estate Sector Average
RPT
Rithm Property Trust
13.32
-2.75
-17.11%
ACR
ACRES Commercial Realty
19.00
-2.90
-13.24%
SEVN
Seven Hills Realty Trust
8.25
-3.04
-26.95%
LFT
Lument Finance Trust
1.23
-1.37
-52.75%
CHMI
Cherry Hill Mortgage
2.78
-0.36
-11.46%
GPMT
Granite Point Mortgage
1.44
-1.08
-42.77%
Rithm Property Trust Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Rithm Property Trust Halts Planned Equity Raise Amid Conditions
Negative
Feb 5, 2026
In February 2026, Rithm Property Trust Inc. decided against proceeding with a significant common equity raise that had been under consideration to finance the acquisition of commercial mortgage assets, citing prevailing market conditions. The comp...
Regulatory Filings and ComplianceStock Split
Rithm Property Trust Completes 1-for-6 Reverse Stock Split
Neutral
Dec 30, 2025
On December 30, 2025, Rithm Property Trust Inc. implemented a 1-for-6 reverse stock split of its common stock, reducing the number of issued and outstanding shares from 45,401,123 to approximately 7,566,853 and making corresponding adjustments to ...
Stock Split
Rithm Property Trust Announces One-for-Six Reverse Split
Negative
Dec 19, 2025
On December 19, 2025, Rithm Property Trust announced that its board had unanimously approved a one-for-six reverse stock split of its common stock and the common units of its operating partnership, to take effect at 5:00 p.m. Eastern Time on Decem...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Rithm Property Trust Gains Minority Stake in Paramount Portfolio
Positive
Dec 19, 2025
On December 19, 2025, Rithm Property Trust acquired an indirect minority interest in Paramount Group Operating Partnership LP as part of Rithm Capital Corp.’s acquisition of Paramount Group, subscribing for approximately 3.9% of the limited ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.