RPT on NYSE

Rithm Property Trust Inc.

American real estate investment trust based in Baltimore, active since 2014. Summary from the record

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Last updated Oct 19, 2026.

Overview

Compare with Terra Property Trust, Inc., Strategic Student & Senior Housing Trust, Inc. or PROCACCIANTI HOTEL REIT, INC., or pick any stock.

  • TickerRPT on NYSE2
  • IndustryReal Estate Investment Trusts2
  • HeadquartersBaltimore, United States2
  • Incorporated inMD3
  • Business address799 Broadway, Floor 8, New York, Ny 100223
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formStock Corporation2
  • LEI5493004ID2QQWNGDYC182
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O THE CORPORATION TRUST INCORPORATED, 21093 Baltimore, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D156591702

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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.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

165.5%Net margin5
225.0%Revenue growth, 20246
-37.2%Return on equity5

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Income tax100¢$145.0K

Out of -$55.5M in revenue.65 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Kept or used elsewhere100¢$290.0K

Out of $290.0K of cash from operations.5

Financial statements

Revenue7896-$55.5M in 2024
-$100.0M-$50.0M0$50.0M$100.0M2019: $64.9M$64.9M20192020: $63.6M$63.6M2020−2%2021: $77.9M$77.9M2021+23%2022: $35.6M$35.6M2022−54%2023: -$17.1M-$17.1M20232024: -$55.5M-$55.5M2024+225%
Net income78965-$91.8M in 2024
-$100.0M-$50.0M0$50.0M2019: $34.7M$34.7M20192020: $28.5M$28.5M2020−18%2021: $41.9M$41.9M2021+47%2022: -$15.0M-$15.0M20222023: -$47.1M-$47.1M2023+214%2024: -$91.8M-$91.8M2024+95%
Fiscal year201920202021202220232024
Revenue$64.9M7$63.6M8$77.9M9$35.6M9-$17.1M6-$55.5M6
Operating expenses$34.4M9$35.4M9$29.7M6$39.9M5
Interest$59.3M7$48.7M8$36.7M9$43.6M9$59.3M9
Income before tax$42.1M9-$12.1M9-$46.7M6-$92.9M5
Income tax$124.0K7-$39.0K8$293.0K9$2.8M9$243.0K6$145.0K5
Net income$34.7M7$28.5M8$41.9M9-$15.0M9-$47.1M6-$91.8M5
Earnings per share$1.747$1.008$1.489-$1.249-$2.016-$13.765
Earnings per share (diluted)$1.597$1.008$1.419-$1.249-$2.016-$13.765
Shares (weighted, basic)22.9M shares922.7M shares924.3M shares66.7M shares5
Shares (weighted, diluted)30.3M shares923.0M shares924.3M shares66.7M shares5

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Leadership

Who has led Rithm Property Trust Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Lawrence Mendelsohn2015–2022
  2. Michael Nierenberg2024

President

  1. Russell Schaub2015–2022

Chief financial officer

  1. Glenn J. Ohl2015
  2. Mary B. Doyle2016–2022
  3. Nicola Santoro Jr.2025–now
20202025
Board members and other officers (10)

Former names

  • Great Ajax Corp.Jul 25, 2014 to Nov 13, 20243

Timeline

  1. Jun 17, 2024New chief executive Michael Nierenberg becomes CEO13
  2. Feb 12, 2015New chief executive Lawrence Mendelsohn becomes CEO14
  3. Jan 30, 2014Founded Rithm Property Trust Inc. is founded2

Filings

221 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 59 insider forms, 41 large holders, 54 other. The latest 20:

  1. Aug 7, 20264 EDGAR
  2. Aug 7, 2026SCHEDULE 13D/A EDGAR
  3. Jul 31, 202610-Q EDGAR
  4. Jul 28, 20268-K EDGAR
  5. Jul 21, 20268-K EDGAR
  6. Jul 14, 2026424B5 EDGAR
  7. Jul 13, 20268-K EDGAR
  8. Jun 2, 20268-K EDGAR
  9. May 19, 20268-K EDGAR
  10. May 1, 202610-Q EDGAR
  11. Apr 30, 20264 EDGAR
  12. Apr 24, 20268-K EDGAR
  13. Apr 21, 2026ARS EDGAR
  14. Apr 21, 2026DEFA14A EDGAR
  15. Apr 21, 2026DEF 14A EDGAR
  16. Mar 27, 2026SCHEDULE 13G EDGAR
  17. Feb 18, 202610-K EDGAR
  18. Feb 17, 20264 EDGAR
  19. Feb 17, 2026SCHEDULE 13D/A EDGAR
  20. Feb 13, 20268-K EDGAR

The 221 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 1 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 4, 2025Rithm Capital Corp.10% ownerBuy400,000$25.00$10.0MForm 4
Dec 13, 2022Doyle Mary BChief Financial OfficerSale3,612$7.56$27.3KForm 4
Aug 31, 2022Litowitz Alec N10% ownerSale2,000,000$24.23$48.5MForm 4
Jul 26, 2022Magnetar Financial LLC10% ownerSale200,000$24.53$4.9MForm 4
Jun 28, 2022Magnetar Financial LLC10% ownerSale800,000$24.90$19.9MForm 4
Jun 17, 2022Supernova Management LLC10% ownerSale200,000$24.48$4.9MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

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