Rithm Property Trust Inc. (RPT) Balance Sheet
RPT balance sheet, 2025
December 31, 2025 · U.S. dollars$1.04B assets = $750.4M liabilities + $291.1M equity
Both columns are drawn to the same scale: what RPT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RPT financial health
Descriptive bands, not a rating. Fiscal 2025.
RPT balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.06B2016 | $1.04B2025 | −7.3%/yr | |
| Total liabilities | $1.17B2016 | $750.4M2025 | −4.8%/yr | |
| Shareholders’ equity | $870.7M2016 | $291.6M2025 | −11.4%/yr | |
| Cash & short-term investments | $3.6M2016 | $79.3M2025 | +41.1%/yr | |
| Total debt | $1.02B2016 | $741.8M2025 | −3.5%/yr | |
| Net cash (debt) | −$1.02B2016 | −$662.5M2025 | +$356.2M | |
| Working capital | −$38.2M2016 | $91.6M2025 | +$129.8M | |
| Book value per share | $65.772016 | $38.512025 | −5.8%/yr | |
| Current ratio | 0.502016 | 1.222025 | +0.72 | |
| Debt / equity | 1.172016 | 2.542025 | +1.37 | |
| Shares outstanding | 13.2M2016 | 7.6M2025 | −6.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RPT assets
RPT liabilities and equity
RPT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RPT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $79.3M | $64.3M | $184.4M | $5.4M | $84.4M | $107.1M | $110.3M | $41.1M | $8.1M | $3.6M |
| Cash & equivalents | $79.3M | $64.3M | $52.8M | $5.4M | $84.4M | $107.1M | $110.3M | $41.1M | $8.1M | $3.6M |
| Short-term investments | $49.2M | $308.8M | $131.6M | $257.1M | — | — | $2.3M | — | $3.1M | $2.1M |
| Receivables | $362.8M | $396.1M | $7.3M | $19.9M | $20.9M | $1.12B | $25.0M | $23.8M | $26.1M | $24.0M |
| Inventory | $0 | $0 | $0 | $1 | $1 | −$2.8M | −$2.3M | −$2.9M | −$4.2M | −$4.2M |
| Other current assets | $56.5M | $42.6M | $0 | $460,999 | $0 | $35.4M | $6.6M | $6.5M | $9.0M | $15.4M |
| Total current assets | $498.6M | $502.9M | $184.4M | $25.8M | $104.0M | $1.26B | $139.5M | $68.5M | $39.0M | $38.7M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $17.3M | $17.9M | $719,000 | $19.2M | $1.69B | $1.81B | $1.81B |
| Goodwill & intangible assets | $0 | $0 | $0 | $42.1M | $39.9M | $28.4M | $36.4M | $46.5M | $61.6M | $74.5M |
| Long-term investments | $542.9M | $474.4M | $323.4M | $421.8M | $521.8M | $393.9M | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $828.5M | $1.44B | $1.08B | $0 | $1.72B | $122.1M | $124.0M | $137.3M |
| Total assets | $1.04B | $977.3M | $1.34B | $1.95B | $1.76B | $1.65B | $1.92B | $1.93B | $2.03B | $2.06B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $42.0M | $47.0M | $45.3M | $55.4M | $56.4M | $56.8M | $57.4M |
| Short-term debt | $407.1M | $356.6M | $375.7M | $35.0M | $546.1M | $435.3M | — | — | $30.0M | $86.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$30.0M | −$86.0M |
| Total current liabilities | $407.1M | $364.6M | $377.7M | $56.3M | $557.1M | $443.8M | $75.2M | $76.1M | $76.4M | $77.0M |
| Long-term debt | $334.8M | $366.0M | $621.6M | $677.5M | $678.4M | $695.5M | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $8.6M | $0 | $26.1M | $234.0M | $23.7M | $0 | $995.2M | $1.02B | $1.07B | $1.09B |
| Total liabilities | $750.4M | $730.6M | $1.03B | $967.8M | $1.26B | $1.14B | $1.07B | $1.10B | $1.15B | $1.17B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $76,000 | $471,000 | $285,000 | $855,000 | $233,000 | $231,000 | $798,000 | $797,000 | $794,000 | $793,000 |
| Retained earnings (deficit) | −$171.8M | −$158.0M | −$54.4M | −$409.3M | $66.4M | $53.3M | −$436.4M | −$450.1M | −$392.6M | −$381.9M |
| Accumulated other comprehensive income | −$1.6M | −$9.0M | −$14.0M | $21.4M | $1.0M | $375,000 | $1.8M | $4.0M | $2.9M | $985,000 |
| Minority interest | −$456,000 | −$154,000 | $2.0M | $2.1M | — | — | — | — | — | — |
| Total shareholders' equity | $291.6M | $246.9M | $308.9M | $960.5M | $497.3M | $485.4M | $828.2M | $812.0M | $864.3M | $870.7M |
| Key figures | ||||||||||
| Total debt | $741.8M | $722.6M | $621.6M | $907.4M | $678.4M | $1.13B | $949.9M | $964.1M | $1.00B | $1.02B |
| Net cash (debt) | −$662.5M | −$658.3M | −$437.2M | −$902.0M | −$594.0M | −$1.02B | −$839.7M | −$923.1M | −$992.2M | −$1.02B |
| Working capital | $91.6M | $138.3M | −$193.4M | −$30.5M | −$453.1M | $815.4M | $64.4M | −$7.6M | −$37.4M | −$38.2M |
| Tangible book value | $291.6M | $246.9M | $308.9M | $918.4M | $457.4M | $456.9M | $791.9M | $765.4M | $802.7M | $796.2M |
| Book value per share | $38.51 | $36.86 | $76.32 | $67.42 | $36.26 | $36.40 | $56.65 | $60.83 | $65.21 | $65.77 |
| Shares outstanding | 7.6M | 6.7M | 4.0M | 14.2M | 13.7M | 13.3M | 14.6M | 13.3M | 13.3M | 13.2M |
| Current ratio | 1.22 | 1.38 | 0.49 | 0.46 | 0.19 | 2.84 | 1.86 | 0.90 | 0.51 | 0.50 |
| Quick ratio | 1.09 | 1.26 | 0.51 | 0.45 | 0.19 | 2.76 | 1.80 | 0.85 | 0.45 | 0.36 |
| Debt / equity | 2.54 | 2.93 | 2.01 | 0.94 | 1.36 | 2.33 | 1.15 | 1.19 | 1.16 | 1.17 |
| Equity / assets | 28.0% | 25.3% | 23.1% | 49.3% | 28.3% | 29.3% | 43.2% | 42.1% | 42.6% | 42.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $67.1M | $96.8M | $128.5M | $404.8M | $422.9M | $97.4M | $64.3M | $84.0M | $212.6M | $225.2M | $184.4M | $4.2M |
| Cash & equivalents | $67.1M | $96.8M | $79.3M | $81.4M | $98.6M | $97.4M | $64.3M | $84.0M | $72.0M | $100.1M | $52.8M | $4.2M |
| Short-term investments | — | $48.7M | $49.2M | $323.4M | $324.3M | $324.5M | $308.8M | $166.7M | $140.6M | $125.1M | $131.6M | $131.0M |
| Receivables | $0 | $0 | $362.8M | $389.8M | $378.9M | $387.0M | $396.1M | $403.1M | $3.6M | $4.2M | $7.3M | $9.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$24.4M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $40.4M | $42.6M | $46.4M | $0 | $0 | $0 | $73.5M |
| Total current assets | $67.1M | $96.8M | $129.3M | $405.7M | $422.9M | $524.8M | $502.9M | $533.4M | $75.6M | $121.8M | $184.4M | $62.9M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16.8M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $32.5M |
| Long-term investments | $353.7M | $417.5M | $542.9M | $493.3M | $498.4M | $503.5M | $474.4M | $324.7M | $301.7M | $296.1M | $323.4M | $338.3M |
| Other non-current assets | $508.0M | $416.3M | $369.3M | $104.1M | $93.0M | $0 | $0 | $0 | $534.2M | $826.6M | $828.5M | $924.0M |
| Total assets | $928.7M | $930.6M | $1.04B | $1.00B | $1.01B | $1.03B | $977.3M | $858.2M | $911.5M | $1.24B | $1.34B | $1.37B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $52.2M |
| Short-term debt | $311.3M | $309.4M | $407.1M | $361.1M | $362.5M | $367.0M | $356.6M | $231.5M | $246.5M | $354.0M | $375.7M | $28.0M |
| Total current liabilities | $311.3M | $309.4M | $407.1M | $361.1M | $362.5M | $373.6M | $364.6M | $236.8M | $246.5M | $354.0M | $375.7M | $97.9M |
| Long-term debt | $321.2M | $327.9M | $334.8M | $344.2M | $349.8M | $358.8M | $366.0M | $374.2M | $383.7M | $610.3M | $621.6M | $634.8M |
| Other long-term liabilities | $11.4M | $6.7M | $8.6M | $6.2M | $7.4M | $0 | $0 | $1 | $26.9M | $23.9M | $28.1M | $236.2M |
| Total liabilities | $643.9M | $644.1M | $750.4M | $711.6M | $719.8M | $732.4M | $730.6M | $611.1M | $657.0M | $988.2M | $1.03B | $1.05B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $78,000 | $77,000 | $76,000 | $471,000 | $471,000 | $471,000 | $471,000 | $466,000 | $466,000 | $380,000 | $285,000 | $268,000 |
| Retained earnings (deficit) | −$182.7M | −$177.8M | −$171.8M | −$170.9M | −$166.6M | −$164.5M | −$158.0M | −$158.1M | −$147.4M | −$132.4M | −$54.4M | −$456.0M |
| Accumulated other comprehensive income | −$1.6M | −$1.5M | −$1.6M | −$2.2M | −$3.4M | −$4.1M | −$9.0M | −$8.3M | −$13.9M | −$12.9M | −$14.0M | $24.1M |
| Minority interest | −$455,000 | −$455,000 | −$456,000 | −$150,000 | −$150,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $285.3M | $287.0M | $291.6M | $291.7M | $294.7M | $296.1M | $246.9M | $246.1M | $253.6M | $254.3M | $308.9M | $922.8M |
| Key figures | ||||||||||||
| Total debt | $632.5M | $637.4M | $741.8M | $705.3M | $712.3M | $725.8M | $722.6M | $605.7M | $383.7M | $610.3M | $621.6M | $865.2M |
| Net cash (debt) | −$565.4M | −$540.5M | −$613.3M | −$300.5M | −$289.4M | −$628.3M | −$658.3M | −$521.7M | −$171.0M | −$385.1M | −$437.2M | −$861.0M |
| Working capital | −$244.2M | −$212.6M | −$277.7M | $44.6M | $60.4M | $151.2M | $138.3M | $296.6M | −$170.9M | −$232.3M | −$191.4M | −$35.0M |
| Tangible book value | $285.3M | $287.0M | $291.6M | $291.7M | $294.7M | $296.1M | $246.9M | $246.1M | $253.6M | $254.3M | $308.9M | $890.3M |
| Book value per share | $36.83 | $37.66 | $38.51 | $38.53 | $38.93 | $39.11 | $36.86 | $32.58 | $38.67 | $49.39 | $11.47 | $205.59 |
| Shares outstanding | 7.7M | 7.6M | 7.6M | 7.6M | 7.6M | 7.6M | 6.7M | 7.6M | 6.6M | 5.1M | 26.9M | 4.5M |
| Current ratio | 0.22 | 0.31 | 0.32 | 1.12 | 1.17 | 1.40 | 1.38 | 2.25 | 0.31 | 0.34 | 0.49 | 0.64 |
| Quick ratio | 0.22 | 0.31 | 1.21 | 2.20 | 2.21 | 1.30 | 1.26 | 2.06 | 0.88 | 0.65 | 0.51 | 0.14 |
| Debt / equity | 2.22 | 2.22 | 2.54 | 2.42 | 2.42 | 2.45 | 2.93 | 2.46 | 1.51 | 2.40 | 2.01 | 0.94 |
| Equity / assets | 30.7% | 30.8% | 28.0% | 29.1% | 29.1% | 28.8% | 25.3% | 28.7% | 27.8% | 20.4% | 23.1% | 67.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
RPT financial position
At the end of fiscal 2025 (December 31, 2025), Rithm Property had total assets of $1.0 billion (up 6.6% from a year earlier), total liabilities of $750.4 million and shareholders' equity of $291.6 million. It held $79.3 million in cash and short-term investments against $741.8 million of debt, net debt of $662.5 million. Its current ratio was 1.22. In the latest quarter (ended June 30, 2026) total assets were $928.7 million and equity $285.3 million.
Related: RPT income statement, RPT cash flow statement, RPT key metrics. See the RPT stock overview for the latest quote and news.
RPT balance sheet FAQ
What are Rithm Property's total assets?
Rithm Property reported total assets of $1.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $977.3 million a year earlier.
How much debt does Rithm Property have?
Rithm Property had $741.8 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 2.54.
How much cash does Rithm Property have?
Rithm Property held $79.3 million in cash and short-term investments at the end of fiscal 2025; with $741.8 million of debt that is net debt of $662.5 million.
What is Rithm Property's book value?
Rithm Property's shareholders' equity (book value) was $291.6 million at the end of fiscal 2025, or $38.51 per share.
What is Rithm Property's current ratio?
Rithm Property had current assets of $498.6 million and current liabilities of $407.1 million, a current ratio of 1.22 (it can cover its short-term obligations).