Rithm Property Trust (RPT) AI Stock Analysis

• Market Cap: $110.24M
• Dividend Yield: 9.13%
• Average Volume (3M): 165.04K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.66
• Revenue Growth: -2.17%
• EPS Growth: 98.78%
• Country: US
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Mortgage
• EPS (TTM): -0.06
• Shares Outstanding: 7,571,310
• 10 Day Avg. Volume: 177,342
• 30 Day Avg. Volume: 165,037
• 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 Cap: 7.01
• Enterprise Value/Revenue: 19.33
• Enterprise Value/Gross Profit: 29.75
• Enterprise Value/Ebitda: 42.12
• 1Y Price Target: $24.00
• Price Target Upside: 64.84% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.89
• Revenue Forecast (FY): $28.10M

• Rating: 44 Neutral
• Price Target: $14.00 ▼(-3.85% Downside)
• Action: Reiterated Date: 02/28/26
• Date: Action: Reiterated 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.

Near-term Accretive Pipeline

A pre-identified ~$1B pool of deployable loans represents a tangible, near-term source of accretion with no J-curve. If approved and placed, these assets can immediately boost interest income and earnings stability, materially improving durable revenue generation without long origination lead times.

Internal Origination Growth (Genesis)

A rapidly expanding internal origination engine creates a durable, low-cost sourcing channel. Sustained Genesis growth supports scale, higher-yield loan flow, and reduces dependence on third-party purchase markets, enhancing long-term margin potential and strategic control of asset quality.

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.

Weak/Volatile Cash Generation

Negative operating and free cash flow in 2025 and prior swings undermine the durability of internally funded dividends and acquisitions. Persistent cash volatility forces reliance on external financing or asset sales and raises execution risk for growth strategies over the coming months.

Recapitalization Dependence

Management's stated path to material EPS/dividend improvement is contingent on executing a market-dependent recapitalization. This creates execution risk: without favorable market access, planned earnings accretion, balance-sheet improvement, and investor-friendly capital returns may not materialize.

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

Despite a 2025 revenue rebound and return to positive net income, results remain inconsistent across years, leverage is elevated (debt-to-equity ~2.54x), and 2025 operating/free cash flow are negative—limiting confidence in the durability of earnings.

Income Statement

Results are highly volatile. Revenue rebounded in 2025 (up ~29.7% YoY) and profitability swung back to positive, but net profit remains thin (~2.8% margin) versus a very large loss in 2024 (net margin around -194%). Earlier years also show mixed performance (notably strong profits in 2020–2021, losses in 2022–2024), suggesting earnings power is not yet consistent.

Balance Sheet

Leverage is elevated and has increased versus 2022. Total debt is ~$742M against equity of ~$292M in 2025 (debt-to-equity ~2.54x), leaving less balance-sheet flexibility than a more conservatively financed REIT. Equity improved from 2024, but returns on equity remain very low in 2025 (~0.5%) after deeply negative profitability in 2023–2024.

Cash Flow

Cash generation is currently a key weak spot. 2025 operating cash flow and free cash flow are negative (about -$4.5M), reversing the modestly positive cash flow in 2024 and the stronger cash generation seen in 2020–2022. The pattern of swings (including materially negative operating cash flow in 2023) raises questions about the durability of cash earnings despite the 2025 return to positive net income.

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

• Technical Analysis Sentiment: Negative
• Last Price: 14.56
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 14.56 is below the 20-day moving average (MA) of 14.99, below the 50-day MA of 15.65, and below the 200-day MA of 15.07, indicating a bearish trend. The MACD of -0.37 indicates Positive momentum. The RSI at 42.74 is Neutral, neither overbought nor oversold. The STOCH value of 48.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RPT.

Rithm Property Trust Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SEVN	65 Neutral	$193.43M	8.56	5.72%	13.82%	-18.06%	-18.94%
CHMI	57 Neutral	$96.62M	-21.33	―	21.65%	22.14%	―
LFT	53 Neutral	$72.26M	14.27	4.14%	23.03%	-31.69%	-72.10%
ACR	47 Neutral	$134.86M	19.29	6.58%	―	-18.37%	18.80%
GPMT	45 Neutral	$82.49M	―	-7.12%	7.97%	-28.13%	62.49%
RPT	44 Neutral	$110.24M	-40.27	0.31%	9.13%	-2.17%	98.78%

Rithm Property Trust Corporate Events

Rithm Property Trust Halts Planned Equity Raise Amid Conditions

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 company indicated it will continue to evaluate other opportunities to benefit stockholders, signaling a cautious approach to capital markets and acquisitions while maintaining strategic flexibility in its commercial real estate investment plans.

The most recent analyst rating on (RPT) stock is a Hold with a $16.50 price target. To see the full list of analyst forecasts on Rithm Property Trust stock, see the RPT Stock Forecast page.

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.