Rithm Property Trust (RPT) AI Stock Analysis

• Market Cap: $122.36M
• Dividend Yield: 9.13%
• Average Volume (3M): 165.04K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.63
• Revenue Growth: -2.17%
• EPS Growth: 98.78%
• Country: US
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Mortgage
• EPS (TTM): -0.12
• Shares Outstanding: 7,566,853
• 10 Day Avg. Volume: 177,342
• 30 Day Avg. Volume: 165,037
• PEG Ratio: -0.56
• Price to Book (P/B): 2.90
• Price to Sales (P/S): 15.17
• P/FCF Ratio: 2.47K
• Enterprise Value/Market Cap: 11.03
• Enterprise Value/Revenue: 35.19
• Enterprise Value/Gross Profit: 62.85
• Enterprise Value/Ebitda: 72.69
• 1Y Price Target: $14.00
• Price Target Upside: -13.42% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: $2.50 ▼(-84.54% Downside)

The score is held down primarily by weak financial performance (recent losses, higher leverage, and volatile cash flows). Technicals and the high dividend provide some support, while the earnings call and recent events are mixed—highlighting stabilization and strategic optionality, but also ongoing flat earnings, below-book trading constraints, and reverse-split/liquidity risk.

Positive Factors

Strong Capital Position

A strong liquidity position with $100 million in cash provides Rithm Property Trust with the flexibility to pursue strategic investments and weather financial challenges.

Growth Potential

Investing in high-yield commercial real estate debt positions Rithm Property Trust for potential earnings growth and enhances its revenue-generating capabilities.

Leadership Change

The appointment of a new CFO can bring fresh strategic insights and financial management, potentially improving the company's financial health and operational efficiency.

Negative Factors

Declining Revenue

Declining revenues indicate challenges in maintaining income levels, which could impact the company's ability to sustain operations and growth over the long term.

High Leverage

High leverage increases financial risk, potentially limiting Rithm Property Trust's ability to invest in growth opportunities and manage economic downturns effectively.

Legacy Asset Constraints

Legacy assets that are hard to liquidate can tie up capital, reducing liquidity and flexibility to invest in new, potentially more profitable ventures.

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 surrounding communities and meet the modern expectations of the Company's retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange. The common shares of the Company, par value $0.01 per share are listed and traded on the NYSE under the ticker symbol RPT. As of June 30, 2020, our property portfolio consisted of 49 shopping centers (including five shopping centers owned through a joint venture) representing 11.9 million square feet of gross leasable area. As of June 30, 2020, the Company's pro-rata share of the aggregate portfolio was 93.6% leased.

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 may also engage in property development and sales, where it constructs and sells properties to earn profits. Additionally, RPT might benefit from strategic partnerships with other real estate firms and financial institutions, enhancing its revenue through joint ventures and investment opportunities. The trust's ability to effectively manage and optimize its property assets contributes significantly to its financial performance.

Rithm Property Trust Financial Statement Overview

Summary

Weak fundamentals dominate: recent years show sizable net losses, highly volatile revenue, rising leverage (debt-to-equity ~2.93x in 2024), and inconsistent/weak operating cash flow (near breakeven in 2024 after materially negative 2023). Earlier periods of profitability exist, but the latest two-year deterioration is the key takeaway.

Income Statement

Profitability has deteriorated materially. In 2024 (annual), the company reported a sizable net loss (-$91.8M) with deeply negative margins, following another net loss in 2023. Revenue has been highly volatile, swinging from positive levels in 2022 to negative in 2023 and then back to positive in 2024, with a very large reported year-over-year decline in 2024. While 2019–2021 showed periods of strong profitability, the last two years’ losses and sharp revenue instability weigh heavily on the income statement quality.

Balance Sheet

Leverage has increased and balance-sheet cushioning has weakened. Debt-to-equity rose to ~2.93x in 2024 (annual) from ~2.01x in 2023 and ~0.94x in 2022, indicating a more levered risk profile. Equity has also stepped down versus prior years, and returns on equity are negative in 2022–2024, consistent with recent losses. The balance sheet is not imminently distressed based on assets versus equity, but rising leverage and negative shareholder returns are clear pressure points.

Cash Flow

Cash generation is inconsistent and recently weak. Operating cash flow was near breakeven in 2024 (annual) (~$0.3M) after being meaningfully negative in 2023 (-$46.5M), while 2021 and 2019 showed strong positive operating cash flow. Free cash flow also swung from strongly positive in 2022 (~$68.3M) to negative in 2023 and only marginally positive in 2024, with a very large decline reported for 2024. Overall, cash flow volatility and the recent stretch of weak/negative cash generation reduce confidence in near-term funding flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	38.35M	47.22M	-16.86M	217.66M	75.76M	28.53M
Gross Profit	21.47M	-61.07M	-16.86M	150.95M	68.33M	28.53M
EBITDA	18.56M	-44.43M	0.00	116.94M	0.00	0.00
Net Income	-6.61M	-91.83M	-47.07M	-15.01M	41.85M	28.50M
Balance Sheet
Total Assets	1.01B	977.34M	1.34B	1.95B	1.76B	1.65B
Cash, Cash Equivalents and Short-Term Investments	98.63M	64.25M	184.39M	5.41M	84.43M	107.15M
Total Debt	712.34M	722.57M	621.57M	907.38M	678.41M	1.13B
Total Liabilities	719.78M	730.57M	1.03B	967.79M	1.26B	1.14B
Stockholders Equity	294.74M	246.92M	308.93M	960.51M	497.30M	485.36M
Cash Flow
Free Cash Flow	-9.36M	290.00K	-46.46M	68.27M	64.72M	39.94M
Operating Cash Flow	-9.36M	290.00K	-46.46M	1.14M	92.86M	63.06M
Investing Cash Flow	-84.12M	297.27M	172.82M	-63.73M	-167.13M	-18.93M
Financing Cash Flow	120.08M	-286.15M	-121.37M	-42.10M	-123.18M	52.80M

Rithm Property Trust Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.17
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RPT, the sentiment is Positive. The current price of 16.17 is below the 20-day moving average (MA) of 16.22, above the 50-day MA of 15.77, and above the 200-day MA of 15.33, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 50.98 is Neutral, neither overbought nor oversold. The STOCH value of 57.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RPT.

Rithm Property Trust Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SEVN	66 Neutral	$207.45M	8.97	5.72%	13.82%	-18.06%	-18.94%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
CHMI	57 Neutral	$101.40M	143.75	4.55%	21.65%	22.14%	―
LFT	53 Neutral	$75.93M	14.99	4.14%	23.03%	-31.69%	-72.10%
RPT	51 Neutral	$122.36M	-58.99	0.31%	9.13%	-2.17%	98.78%
ACR	47 Neutral	$148.05M	21.18	6.58%	―	-18.37%	18.80%
GPMT	46 Neutral	$119.94M	-1.74	-9.11%	7.97%	-28.13%	62.49%

Rithm Property Trust Corporate Events

Rithm Property Trust Completes 1-for-6 Reverse Stock Split

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 common units in its operating partnership and to shares available and terms of awards under its equity incentive and director equity plans. The reverse split, which treated all common shareholders uniformly and left ownership percentages essentially unchanged aside from minor effects from the cash settlement of fractional shares, was executed via two charter amendments filed in Maryland, and the company expects its shares to begin trading on a reverse-split-adjusted basis on the NYSE on December 31, 2025 under the existing ticker with a new CUSIP, a move that consolidates the share count and may affect trading dynamics and perception among investors.

The most recent analyst rating on (RPT) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Rithm Property Trust stock, see the RPT Stock Forecast page.

Rithm Property Trust Announces One-for-Six Reverse Split

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 December 30, 2025. The move will reduce the number of outstanding common shares from about 45.4 million to roughly 7.6 million, with trading on a split-adjusted basis set to begin on the NYSE on December 31, 2025 under a new CUSIP, and shareholders receiving cash in lieu of any fractional shares, leaving ownership percentages and voting rights largely unchanged aside from minor adjustments tied to those cash payments. The company cautioned that the reverse split could reduce liquidity and potentially lower its overall market capitalization if the share price does not rise proportionally, highlighting the risk that investor perception and trading dynamics may not move in tandem with the reduced share count.

The most recent analyst rating on (RPT) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Rithm Property Trust stock, see the RPT Stock Forecast page.

Rithm Property Trust Gains Minority Stake in Paramount Portfolio

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 partnership interests in two Rithm PGRE Aggregator entities for $50 million in cash, with a further commitment of up to $7.5 million. The investment gives Rithm Property Trust exposure to a portfolio of ten Class A office properties in New York and San Francisco, while the remaining partnership interests and management control are retained by Rithm Capital affiliates, underscoring the close operational ties and shared leadership between Rithm Property Trust and its external manager without any other material related-party relationships beyond the described transactions.

The most recent analyst rating on (RPT) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Rithm Property Trust stock, see the RPT Stock Forecast page.