A Business at a Glance
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Rithm Property Trust Inc.
RPT
$15M
Mkt Cap
$11.64
+0.69%
Rithm Property Trust Inc. (RPT) has a 5-year average return on invested capital (ROIC) of 4.3%. This is below average and may indicate limited pricing power.
Rithm Property Trust Inc. (RPT) has a market capitalization of $89M. It is classified as a small-cap stock.
Yes, Rithm Property Trust Inc. (RPT) pays a dividend with a trailing twelve-month yield of 74.23%. The company also returns capital through share buybacks, with a buyback yield of 0.25%.
Rithm Property Trust Inc. (RPT) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Rithm Property Trust Inc. (RPT) reported annual revenue of $15 million in its most recent fiscal year, based on SEC EDGAR filings.
Rithm Property Trust Inc. (RPT) has a net profit margin of -17.8%. The company is currently unprofitable.
Rithm Property Trust Inc. (RPT) generated $-8 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Rithm Property Trust (formerly Great Ajax Corp.), a Maryland corporation, is an externally managed REIT formed on January 30, 2014, and capitalized on March 28, 2014, by its then sole stockholder, Aspen Yo LLC, an affiliate of the Aspen Capital group of companies. The Company focuses on investments in the CRE sector. On June 11, 2024, the Company completed its previously announced strategic transaction with Rithm (such transactions together, the “Strategic Transaction”). In connection with the Strategic Transaction, the Company entered into a Securities Purchase Agreement (the “SPA”) pursuant to which, following stockholder approval on May 20, 2024, it issued $14.0 million of common stock, par value $0.01 (“Common Stock”), to Rithm.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 19M | 15M | -55M | - | 36M | 78M |
| Net Income | -2.3M | -2.7M | -92M | -49M | -29M | 34M |
| EPS | $-0.19 | $-2.16 | $-82.56 | $-12.06 | $-7.44 | $8.46 |
| Free Cash Flow | 0 | -8.3M | 290K | -46M | 1.1M | -19M |
| ROIC | 0.0% | 10.9% | -24.0% | 5.6% | 7.9% | 21.1% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.38 | 0.37 | 0.44 | 0.34 | 0.32 | 0.79 |
| Dividends/Share | $0.00 | $8.64 | $10.08 | $4.56 | $6.36 | $5.46 |
| Operating Income | 0 | 35M | -37M | 10M | 18M | 71M |
| Operating Margin | 0.0% | - | 65.9% | - | 49.9% | 91.2% |
| ROE | -0.8% | -1.0% | -33.2% | -15.3% | -6.9% | 6.9% |
| Shares Outstanding | 8M | 1M | 1M | 4M | 4M | 4M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 6.3M | 38M | 47M | 55M | 58M | 65M | 64M | 78M | 36M | N/A | -55M | 15M | 19M |
| Gross Margin | 72.1% | 99.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 9.0M | 4.2M | 5.3M |
| EBIT | 4.2M | 36M | 53M | 68M | 81M | 94M | 71M | 71M | 18M | 10M | -37M | 35M | 0 |
| Op. Margin | 66.8% | 96.3% | N/A | N/A | N/A | N/A | N/A | 91.2% | 49.9% | N/A | 65.9% | N/A | 0.0% |
| Net Income | 3.4M | 25M | 28M | 29M | 28M | 34M | 23M | 34M | -29M | -49M | -92M | -2.7M | -2.3M |
| Net Margin | 54.5% | 65.7% | 59.3% | 52.2% | 48.2% | 52.9% | 35.8% | 43.7% | -80.5% | N/A | 166.1% | -17.8% | -12.1% |
| Non-Recurring | 0 | 99K | 2.0M | 2.5M | 2.7M | 2.1M | 1.4M | 293K | 376K | 1.1M | 606K | 756K | 756K |
| Returns on Capital | |||||||||||||
| ROIC | 2.2% | 12.2% | 11.6% | 11.4% | 17.5% | 30.5% | 25.2% | 21.1% | 7.9% | 5.6% | -24.0% | 10.9% | 0.0% |
| ROE | 2.1% | 12.7% | 11.1% | 10.2% | 9.5% | 10.4% | 5.4% | 6.9% | -6.9% | -15.3% | -33.2% | -1.0% | -0.8% |
| ROA | 1.3% | 5.6% | 3.5% | 2.4% | 1.9% | 2.2% | 1.4% | 2.0% | -1.8% | -3.5% | -8.0% | -0.3% | -0.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -1.2M | -11M | -5.2M | -8.7M | 1.0M | -15M | -14M | -18M | 1.1M | -46M | 290K | -8.3M | -9.7M |
| Free Cash Flow | -1.2M | -11M | -5.2M | -8.7M | 577K | -15M | -14M | -19M | 1.1M | -46M | 290K | -8.3M | 0 |
| Owner Earnings | -1.7M | -12M | -6.4M | -11M | -2.1M | -18M | -14M | -18M | 785K | -47M | -1.2M | -8.3M | -9.7M |
| CapEx | 0 | 0 | 0 | 0 | 456K | 171K | 0 | 277K | 27K | 0 | 0 | 0 | 0 |
| Maint. CapEx | 4K | 3K | 20K | 80K | 155K | 499K | 29K | 7K | 0 | 0 | 0 | 0 | 0 |
| Growth CapEx | N/A | N/A | N/A | N/A | 301K | 0 | N/A | 270K | N/A | N/A | N/A | N/A | 0 |
| D&A | 4K | 3K | 20K | 80K | 155K | 499K | 29K | 7K | 0 | 0 | 0 | 0 | 0 |
| CapEx/OCF | N/A | N/A | N/A | N/A | 231.5% | N/A | N/A | N/A | 2.4% | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 680K | 12M | 17M | 21M | 23M | 26M | 17M | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | 19.5% | 23.8% | 22.7% | 23.3% | 20.2% | 15.5% | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 436K | 16K | 4.7M | 0 | 5.1M | 5.1M | 223K |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 0.3% | 0.0% | 4.1% | N/A | N/A | N/A | 0.3% |
| Stock-Based Comp | 515K | 1.3M | 1.2M | 2.5M | 3.0M | 2.8M | 152K | 200K | 350K | 88K | 1.5M | N/A | N/A |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 32M | 174M | 246M | 371M | -35M | -12M | -266M | -47M | -333M | 51M | 43M | 29M | 12M |
| Cash & Equiv. | 53M | 31M | 36M | 54M | 55M | 64M | 107M | 84M | 48M | 53M | 64M | 79M | 96M |
| Long-Term Debt | N/A | 205M | 288M | 431M | 167M | 284M | 115M | 0 | 106M | 104M | 108M | 109M | 109M |
| Debt/Equity | 0.52 | 0.90 | 1.06 | 1.48 | 0.56 | 0.79 | 0.24 | 0.79 | 0.32 | 0.34 | 0.44 | 0.37 | 0.38 |
| Interest Coverage | 5.4 | 3.1 | 2.1 | 1.7 | 1.5 | 1.6 | 1.5 | 1.9 | 0.4 | 0.2 | -0.7 | 0.9 | 0.9 |
| Equity | 162M | 228M | 272M | 290M | 301M | 360M | 485M | 497M | 335M | 309M | 247M | 292M | 287M |
| Total Assets | 273M | 610M | 957M | 1.4B | 1.6B | 1.6B | 1.7B | 1.8B | 1.5B | 1.3B | 977M | 1.0B | 931M |
| Total Liabilities | 101M | 372M | 675M | 1.1B | 1.3B | 1.2B | 1.1B | 1.3B | 1.1B | 1.0B | 731M | 750M | 644M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 2.7M | 16M | 27M | 36M | 41M | 49M | 53M | 66M | 13M | -54M | -158M | -172M | -178M |
| Working Capital | N/A | N/A | -2.6M | 22M | -5.9M | -5.5M | -6.0M | N/A | N/A | N/A | N/A | -7.8M | -7.8M |
| Current Assets | N/A | N/A | 1.2M | 27M | 24K | 20K | 188K | N/A | N/A | N/A | 0 | 811K | 811K |
| Current Liabilities | N/A | N/A | 3.8M | 4.6M | 5.9M | 5.5M | 6.2M | 8.8M | 9.7M | 11M | 8.0M | 8.6M | 8.6M |
| Per Share Data | |||||||||||||
| EPS | 2.40 | 10.08 | 9.90 | 9.06 | 8.58 | 9.54 | 6.00 | 8.46 | -7.44 | -12.06 | -82.56 | -2.16 | -0.19 |
| Owner EPS | -1.20 | -4.91 | -2.29 | -3.57 | -0.64 | -5.07 | -3.75 | -4.58 | 0.20 | -11.40 | -1.06 | -6.55 | -1.26 |
| Book Value | 113.78 | 93.00 | 97.33 | 91.96 | 92.08 | 99.89 | 127.97 | 123.53 | 86.99 | 75.63 | 221.16 | 229.84 | 37.46 |
| Cash Flow/Share | -0.83 | -4.36 | -1.87 | -2.75 | 0.32 | -4.16 | -3.71 | -4.53 | 0.29 | -11.38 | 0.26 | -6.55 | -0.30 |
| Dividends/Share | 0.48 | 4.73 | 5.91 | 6.52 | 7.02 | 7.31 | 4.98 | 5.46 | 6.36 | 4.56 | 10.08 | 8.64 | 0.00 |
| Shares Out. | 1.4M | 2.4M | 2.8M | 3.2M | 3.3M | 3.6M | 3.8M | 4.0M | 3.9M | 4.1M | 1.1M | 1.3M | 7.7M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 2.3 | 2.7 | 3.4 | 3.4 | 4.3 | 5.5 | 5.4 | N/A | N/A | N/A | N/A | -60.9 |
| P/FCF | N/A | N/A | N/A | N/A | 163.0 | N/A | N/A | N/A | 101.8 | N/A | 63.9 | N/A | N/A |
| EV/EBIT | N/A | 8.0 | 8.4 | 2.1 | 0.1 | N/A | N/A | 1.6 | 12.8 | N/A | N/A | 33.6 | N/A |
| Price/Book | N/A | 0.2 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.4 | 0.3 | 0.4 | 0.5 | 0.4 | 0.3 |
| Price/Sales | N/A | 1.6 | 1.5 | 1.7 | 1.7 | 2.0 | 2.2 | 2.2 | 4.0 | N/A | N/A | 7.7 | 4.7 |
| FCF Yield | N/A | -18.8% | -6.9% | -8.9% | 0.6% | -10.1% | -9.0% | -10.1% | 1.0% | -42.0% | 0.3% | -6.9% | N/A |
| Market Cap | N/A | 57M | 76M | 97M | 95M | 150M | 156M | 182M | 113M | 111M | 111M | 121M | 89M |
| Avg. Price | N/A | 24.26 | 24.84 | 28.73 | 30.09 | 36.23 | 29.85 | 41.70 | 36.86 | 28.73 | 19.44 | 15.63 | 11.64 |
| Year-End Price | N/A | 23.23 | 26.86 | 30.44 | 28.78 | 41.26 | 32.87 | 45.32 | 29.26 | 27.09 | 16.60 | 15.90 | 11.64 |
Rithm Property Trust Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 4.3%. Total shareholder yield (dividends + buybacks) is 74.5%. At current prices, the estimated annualized return to fair value is -21.7%.
Rithm Property Trust Inc. (RPT) has a debt-to-equity ratio of 0.37. This indicates a conservatively financed balance sheet.
Rithm Property Trust Inc. (RPT) reported earnings per share (EPS) of $-2.16 in its most recent fiscal year.
Rithm Property Trust Inc. (RPT) has a return on equity (ROE) of -1.0%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 12 years of financial data for Rithm Property Trust Inc. (RPT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Rithm Property Trust Inc. (RPT) has a book value per share of $229.84, based on its most recent annual SEC filing.