Rithm Property Trust Inc. (RPT) Cash Flow Statement
Where RPT’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$4.5M −1,650.0% vs 2024
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- −$4.5M −9.0% margin
- Returned to shareholders
- $11.0M
- Change in cash
- $15.9M cash at year-end $80.1M
Cash from operations
−$4.5M
Investments (net)
−$61.2M
Acquisitions & other
+$24.1M
Dividends
−$11.0M
Share buybacks (net)
+$50.7M
Net borrowing (repayment)
−$32.8M
Shares issued
+$50.7M
Other financing
−$209,000
Change in cash
$15.9M
Drawn to scale: where the cash came from and how it was used. Hover for values.
RPT operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
RPT cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $117.1M2016 | −$4.5M2025 | — | |
| Capital expenditures | $72.0M2016 | $02025 | −100.0% | |
| Free cash flow | $45.1M2016 | −$4.5M2025 | — | |
| Free cash flow margin | 17.3%2016 | −9.0%2025 | −26.2 pts | |
| Operating cash flow / net income | 1.922016 | −3.052025 | −4.97 | |
| Stock-based compensation | $2.9M2016 | $13,0002025 | −45.1%/yr | |
| Dividends paid | $76.1M2016 | $11.0M2025 | −19.3%/yr | |
| Share buybacks (net) | $202,0002016 | $02025 | −100.0% | |
| Capex / revenue | 27.6%2016 | 0.0%2025 | −27.6 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RPT cash flow by activity
OperatingInvestingFinancingChange in cash
RPT net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
RPT cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $1.5M | −$93.0M | −$47.0M | −$14.9M | $70.3M | −$10.5M | $93.7M | $18.0M | $70.7M | $61.1M |
| Depreciation & amortization | $1.5M | — | $534,000 | $444,000 | $72.3M | $77.2M | $78.6M | $87.3M | $91.3M | $91.8M |
| Stock-based compensation | $13,000 | $17.0M | $1.5M | $1.9M | $4.1M | $3.7M | $3.5M | $4.7M | $2.7M | $2.9M |
| Change in working capital | −$3.1M | $24.4M | −$16.2M | $16.3M | $1.4M | −$9.2M | −$4.6M | −$10.9M | −$6.0M | −$5.5M |
| Other non-cash items | −$4.4M | $51.9M | $14.7M | $93.9M | −$55.2M | $1.8M | −$80.7M | $7.2M | −$40.8M | −$33.1M |
| Cash from operating activities | −$4.5M | $290,000 | −$46.5M | $97.7M | $92.9M | $63.1M | $90.6M | $106.3M | $117.9M | $117.1M |
| Investing activities | ||||||||||
| Capital expenditures | $0 | $0 | $0 | −$29.4M | −$28.1M | −$23.1M | −$56.6M | −$77.2M | −$63.3M | −$72.0M |
| Investments (net) | −$61.2M | $297.3M | $172.8M | $223.1M | −$50.2M | $24.2M | — | — | — | — |
| Acquisitions & other investing | $24.1M | $0 | $0 | −$257.4M | −$88.8M | −$20.0M | $151.7M | $119.4M | $52.9M | $79.8M |
| Cash from investing activities | −$37.1M | $297.3M | $172.8M | −$63.7M | −$167.1M | −$18.9M | $95.1M | $42.3M | −$10.3M | $7.7M |
| Financing activities | ||||||||||
| Dividends paid | −$11.0M | −$11.4M | −$20.6M | −$50.9M | −$28.9M | −$42.9M | −$79.0M | −$78.8M | −$78.6M | −$76.1M |
| Share repurchases & issuance (net) | $50.7M | $14.0M | $28.2M | −$1.4M | −$1.5M | −$1.3M | −$704,000 | −$1.8M | −$522,000 | −$202,000 |
| Net borrowing (repayment) | −$32.8M | −$258.2M | −$58.5M | −$2.2M | −$16.6M | — | — | — | — | — |
| Shares issued | $50.7M | $14.0M | $28.2M | $5.1M | $492,000 | $125.1M | $0 | $0 | $0 | $0 |
| Other financing | −$209,000 | −$44.5M | −$98.7M | $7.4M | −$76.6M | −$28.1M | −$36.1M | −$36.1M | −$23.9M | −$51.6M |
| Cash from financing activities | $57.4M | −$286.1M | −$121.4M | −$42.1M | −$123.2M | $52.8M | −$115.9M | −$116.8M | −$103.1M | −$127.9M |
| Summary | ||||||||||
| Net change in cash | $15.9M | $11.4M | $5.0M | −$36.6M | −$197.5M | $96.9M | $69.8M | $31.8M | $4.5M | −$3.1M |
| Cash at end of period | $80.1M | $64.3M | $52.8M | $47.8M | $14.0M | $211.5M | $114.6M | $44.7M | $8.1M | $3.6M |
| Free cash flow | −$4.5M | $290,000 | −$46.5M | $68.3M | $64.7M | $39.9M | $34.0M | $29.1M | $54.7M | $45.1M |
| Free cash flow margin | −9.0% | 0.6% | — | 31.4% | 85.4% | 140.0% | 14.5% | 11.2% | 20.6% | 17.3% |
| Capex / revenue | 0.0% | 0.0% | — | 13.5% | 37.1% | 81.0% | 24.2% | 29.6% | 23.9% | 27.6% |
| Operating cash flow / net income | −3.05 | — | — | — | 1.32 | — | 0.97 | 5.89 | 1.67 | 1.92 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $2.0M | −$2.0M | $3.2M | −$272,000 | $1.9M | −$3.4M | $1.8M | −$8.0M | −$12.9M | −$74.0M | −$22.6M | −$22.6M |
| Depreciation & amortization | — | — | — | — | $384,000 | — | — | — | — | — | — | $16.0M |
| Stock-based compensation | $0 | $0 | $0 | −$184,000 | $107,000 | $13,000 | $13,000 | $13,000 | $1.2M | $15.8M | $216,000 | $216,000 |
| Change in working capital | $1.7M | $111,000 | $1.6M | −$4.4M | $584,000 | −$871,000 | $4.1M | −$1.1M | $21.1M | $354,000 | −$4.6M | −$4.6M |
| Other non-cash items | −$4.2M | −$1.1M | −$5.7M | −$1.0M | −$3.0M | $2.6M | −$8.3M | $3.7M | $6.9M | $49.6M | $14.2M | −$1.8M |
| Cash from operating activities | −$487,000 | −$3.0M | −$840,000 | −$5.8M | −$25,000 | −$1.6M | −$2.4M | −$5.3M | $16.2M | −$8.2M | −$12.8M | −$12.8M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$12.5M |
| Investments (net) | $69.5M | $124.6M | −$96.7M | $8.0M | $17.8M | −$16.0M | −$131.0M | $45.2M | $290.4M | $92.7M | $24.6M | $60.0M |
| Acquisitions & other investing | −$95.0M | $9.7M | $62.0M | −$8.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$22.9M |
| Cash from investing activities | −$25.5M | $134.3M | −$34.6M | −$322,000 | $17.8M | −$16.0M | −$131.0M | $45.2M | $290.4M | $92.7M | $24.6M | $24.6M |
| Financing activities | ||||||||||||
| Dividends paid | −$4.1M | −$4.0M | −$2.8M | −$2.7M | −$2.7M | −$2.8M | −$2.8M | −$2.7M | −$2.2M | −$3.7M | −$3.6M | −$3.6M |
| Share repurchases & issuance (net) | −$1,000 | −$223,000 | $50.7M | $50.8M | $50.8M | $50.8M | $14.0M | $14.0M | — | — | $0 | −$44,000 |
| Net borrowing (repayment) | −$7.1M | −$7.2M | −$9.8M | −$6.0M | −$9.3M | −$7.6M | −$8.6M | −$9.9M | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $50.8M | $0 | $0 | $14.0M | $0 | $11.0M | $14.2M |
| Other financing | $7.5M | −$103.2M | −$4.8M | −$52.2M | −$55.3M | −$40.3M | $111.1M | −$29.3M | −$346.5M | −$33.5M | −$30.3M | −$33.4M |
| Cash from financing activities | −$3.7M | −$114.6M | $33.2M | −$10.1M | −$16.5M | $50.8M | $113.7M | −$27.9M | −$334.7M | −$37.2M | −$22.8M | −$22.8M |
| Summary | ||||||||||||
| Net change in cash | −$29.7M | $16.7M | −$2.2M | −$16.3M | $1.2M | $33.2M | −$19.8M | $12.0M | −$28.0M | $47.2M | −$11.1M | −$11.1M |
| Cash at end of period | $67.1M | $96.8M | $80.1M | $82.4M | $98.6M | $97.4M | $64.3M | $84.0M | $72.0M | $100.1M | $52.8M | $52.8M |
| Free cash flow | −$487,000 | −$3.0M | −$840,000 | −$5.8M | −$25,000 | −$1.6M | −$2.4M | −$5.3M | $16.2M | −$8.2M | −$12.8M | −$12.8M |
| Free cash flow margin | −4.1% | −23.5% | −6.7% | −51.0% | −0.5% | −21.1% | −18.3% | −58.5% | — | — | — | — |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Operating cash flow / net income | −0.24 | — | −0.26 | — | −0.01 | — | −1.38 | — | — | — | — | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
RPT cash generation
In fiscal 2025 (ended December 31, 2025), Rithm Property generated -$4.5 million of cash from operations (down 1,650.0%) and spent $0 on capital expenditures, leaving free cash flow of -$4.5 million, −9.0% of revenue. It returned $11.0 million to shareholders through dividends ($11.0 million) and net share buybacks ($0). Cash and equivalents rose by $15.9 million over the year.
Related: RPT income statement, RPT balance sheet, RPT dividend history. See the RPT stock overview for the latest quote and news.
RPT cash flow FAQ
What is Rithm Property's free cash flow?
Rithm Property's free cash flow was -$4.5 million in fiscal 2025: -$4.5 million of operating cash flow minus $0 of capital expenditures It was $0.3 million a year earlier..
How much cash does Rithm Property generate from operations?
Rithm Property generated -$4.5 million of cash from operating activities in fiscal 2025, −3.05 times its net income of $1.5 million.
How much does Rithm Property pay in dividends?
Rithm Property paid $11.0 million in dividends in fiscal 2025.