Logotype for Rithm Property Trust Inc

Rithm Property Trust (RPT) investor relations material

Rithm Property Trust Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Rithm Property Trust Inc
Q2 2025 earnings summary24 Jul, 2025

Executive summary

  • Completed transformation and rebranding from Great Ajax to Rithm Property Trust, shifting focus to opportunistic commercial real estate investments and away from legacy residential assets.

  • Achieved GAAP comprehensive income of $1.4 million ($0.03 per diluted share) for Q2 2025, marking a return to profitability and the first positive earnings in over two years.

  • Raised $50.8 million through Series C Preferred Stock and issued $14 million in common stock to Rithm, strengthening liquidity.

  • Management team expanded and external management by Rithm Capital leverages broader platform and relationships for growth.

  • Terminated prior management contract, incurring a $15.5 million fee in 2024.

Financial highlights

  • Q2 2025 GAAP income of $1.4 million ($0.03 per diluted share); net income attributable to common stockholders was $0.6 million, reversing prior losses.

  • Net interest income rose to $4.2 million in Q2 2025, up from $3.8 million in Q1 2025.

  • Book value per share was $5.37 at quarter end, with total equity at $294.6 million.

  • Paid a $0.06 per share common dividend in Q2 2025, with no plans for reduction.

  • Cash and cash equivalents totaled $98.6 million as of June 30, 2025.

Outlook and guidance

  • Active investment pipeline exceeds $2 billion, with $50 million of equity expected to be deployed in Q3 targeting double-digit returns.

  • Focus on scaling through acquisitions, direct origination, and M&A, while maintaining REIT status and dividend.

  • Plans to bring in third-party capital for larger transactions to avoid shareholder dilution.

  • Market volatility and constrained financing may limit near-term asset acquisitions.

  • Targeting mid-teens blended levered yields for new investments.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Rithm Property Trust earnings date

Logotype for Rithm Property Trust Inc
Q3 202520 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Rithm Property Trust earnings date

Logotype for Rithm Property Trust Inc
Q3 202520 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage