RPT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-31

• Rithm Property Trust is an opportunistic CRE investment vehicle externally managed by an affiliate of Rithm. Rithm Property Trust is a Maryland corporation that is organized and conducts its operations to qualify as a REIT for federal income tax purposes. The Company is headquartered in New York, Ne…

• We elected to be taxed as a REIT for U.S. federal income tax purposes beginning with our taxable year ended December 31, 2014. Our qualification as a REIT depends upon our ability to meet, on a continuing basis, various complex requirements under

• the Code relating to, among other things, the sources of our gross income, the composition and values of our assets, our distribution levels and the diversity of ownership of our capital stock. We believe that we are organized in conformity with the requirements for qualification as a REIT under the…

• In May 2026, as part of its investment strategy, the Company acquired multifamily RTLs originated by Genesis and held by Rithm Loan Aggregation Trust (“Seller”), both subsidiaries of Rithm, with an unpaid principal balance (“UPB”) of approximately $102.1 million for an aggregate purchase price of ap…

• In July 2026, the Company evaluated a potential common equity offering to finance the acquisition of commercial mortgage assets, including RTLs. In light of prevailing market conditions and available pricing, the Company determined not to pursue the equity raise or the related acquisition at that ti…

Text removed vs the prior filing · source: 10-Q · 2026-05-01

• Rithm Property Trust, a Maryland corporation, is an externally managed REIT focused on investments in the CRE sector. The Company is headquartered in New York.

• We elected to be taxed as a REIT for U.S. federal income tax purposes beginning with our taxable year ended December 31, 2014. Our qualification as a REIT depends upon our ability to meet, on a continuing basis, various complex requirements under the Code relating to, among other things, the sources…

• requirements for qualification as a REIT under the Code, and that our current intended manner of operation enables us to meet the requirements for taxation as a REIT for U.S. federal income tax purposes.

• In February 2026, the Company’s Board of Directors authorized a stock repurchase program under which the Company may repurchase up to $10.0 million of its outstanding common stock through March 1, 2027. The Company may repurchase shares from time to time through open market purchases or privately ne…

• The following table outlines the carrying value of our portfolio of mortgage loan assets, investments in securities, equity method investments and REO as of March 31, 2026 and December 31, 2025:

Text added vs the prior filing · source: 10-Q · 2026-07-31

• The risk factors disclosed under Part I, Item 1A. “Risk Factors” of our Annual Report should be considered together with the information included in this quarterly report on Form 10-Q for the quarter ended June 30, 2026, and should not be limited to those referenced herein or therein. The following …

• There are certain risks associated with our holdings of RTLs.

• We are subject to a number of additional risks related to our existing RTLs and potential future purchases of RTLs including, but not limited to, the following:

• •Short-Term Loans/Balloon Payments: Our RTLs typically have initial terms of less than 18 months (subject to extension), and which require a balloon payment at maturity. We will therefore depend on a borrower’s ability to obtain permanent financing or to sell the property to repay such loans (includ…

• •Construction and Renovation Loans: Construction and renovation loans are subject to additional risks. Construction loans are subject to risks of unrealistic budgets, cost overruns and non-completion of construction, renovation, refurbishment or expansion by a borrower of a mortgaged property as wel…