Rithm Property Trust Inc. (RPT) AI Stock Analysis

Rithm Property Trust Inc., formerly known as Great Ajax Corp., is an externally managed real estate investment trust headquartered in New York. The company invests in commercial real estate and operates two segments: Residential and Commercial. The Residential segment manages residential mortgage assets, including whole loans, residential mortgage-backed securities, and beneficial interests. The Commercial segment focuses on originating, acquiring, and managing commercial mortgage-backed securities, commercial real property, and commercial mortgage loans. The firm operates across several states, including California, Florida, New York, Texas, and internationally, and is taxed as a REIT under U.S. federal tax laws.

Revenue has fluctuated significantly, moving from $75.8M in FY2021 and $217.7M in FY2022 to -$16.9M in FY2023, before rebounding to $47.2M in FY2024 and $50.1M in FY2025. Over the 5-year period from FY2020 to FY2025, revenue grew at a CAGR of 11.9%. Net income stood at $1.5M in FY2025 with an EPS of -$0.05, compared to net income of -$91.8M and EPS of -$3.90 in FY2024. For the trailing twelve months ended June 30, 2026, revenue was $21.5M with a profit margin of 13.9% and an EPS of -$0.27. In the latest quarter, revenue grew 9.6% year-over-year while quarterly earnings expanded 12.5%.

As of June 30, 2026, RPT held $67.1M in cash and short-term investments against $632.5M in total debt, resulting in net debt of $565.4M. Shareholders' equity was $285.3M out of $928.7M in total assets, yielding a debt-to-equity ratio of 2.22 and a current ratio of 0.22. Operating cash flow and free cash flow were both -$4.5M in FY2025. In FY2025, cash deployment included $11.0M in dividends paid, while share issuance contributed $50.7M.

RPT closed at $10.43 on October 16, 2026, with a market capitalization of $81.1M and an enterprise value of $697.2M. The stock trades at a forward P/E of 50.8x, compared to the median of 23.5x for its US-listed Real Estate peers. Its price-to-sales ratio is 3.8x, close to the peer median of 3.7x, while its EV/EBITDA is 16.8x versus the peer median of 14.7x. The company trades at a price-to-book multiple of 0.4x. Over the past year, the stock fell 20.4%, trailing the S&P 500 (SPY) gain of 16.8%, and is down 76.5% over five years.

RPT pays a quarterly dividend, supported by 12 consecutive years of payments. The forward annual dividend is $1.44 per share, representing a dividend yield of 13.81% and a payout ratio of 360.0%. Over the trailing five years, the dividend has declined at an annualized rate of 25.6%. The last ex-dividend date occurred on July 7, 2026.

Wall Street coverage includes 3 Strong Buy ratings, with 0 Buy, 0 Hold, 0 Sell, and 0 Strong Sell ratings. The mean price target is $22.00, representing an upside of 110.9% from the last close of $10.43. For the fiscal year ending December 31, 2026, analysts estimate EPS of $0.21, reflecting projected earnings growth of 637.5%. For the next fiscal year, 2 analysts project EPS of $1.14. The company has beaten EPS estimates in 1 of the last 4 quarters, with its next earnings date scheduled for October 21, 2026.

This page is an AI-written research summary of Rithm Property Trust Inc. (RPT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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