Rithm Property Trust Inc. Financials

RPT

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Weak

2/9

Rithm Property Trust Inc. passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

-0.00x

For every $1 of reported earnings, Rithm Property Trust Inc. generates $-0.00 in operating cash flow ($290K OCF vs -$91.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Rithm Property Trust Inc. (RPT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

-$55.5M

YoY-225.0%

Rithm Property Trust Inc. generated -$55.5M in revenue in fiscal year 2024. This represents a decrease of 225.0% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$91.8M

YoY-95.1%

Rithm Property Trust Inc. reported -$91.8M in net income in fiscal year 2024. This represents a decrease of 95.1% from the prior year.

EPS (Diluted)

$-2.29

YoY-13.9%

Rithm Property Trust Inc. earned $-2.29 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 13.9% from the prior year.

Cash & Debt

$64.3M

YoY+21.6%

5Y CAGR-0.0%

10Y CAGR+1.9%

Rithm Property Trust Inc. held $64.3M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.28

YoY-63.2%

Rithm Property Trust Inc. paid $0.28 per share in dividends in fiscal year 2024. This represents a decrease of 63.2% from the prior year.

Shares Outstanding

47M

YoY+72.9%

5Y CAGR+16.5%

10Y CAGR+15.5%

Rithm Property Trust Inc. had 47M shares outstanding in fiscal year 2024. This represents an increase of 72.9% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

RPT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	-$55.5M-225.0%	-$17.1M-147.9%	$35.6M-54.3%	$77.9M+22.5%	$63.6M-2.0%	$64.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$43.6M-26.5%	$59.3M+35.9%	$43.6M+18.8%	$36.7M-24.5%	$48.7M-17.9%	$59.3M
Income Tax	$145K-40.3%	$243K-91.4%	$2.8M+867.6%	$293K+851.3%	-$39K-131.5%	$124K
Net Income	-$91.8M-95.1%	-$47.1M-213.6%	-$15.0M-135.9%	$41.9M+46.9%	$28.5M-17.9%	$34.7M
EPS (Diluted)	$-2.29-13.9%	$-2.01-62.1%	$-1.24-187.9%	$1.41+41.0%	$1.00-37.1%	$1.59

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	N/A	N/A	$249K-95.6%	$5.6M+162.9%	-$9.0M+81.9%	-$49.4M-203.8%	-$16.3M-1643.5%	$1.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$990K-2.1%	$1.0M	N/A	$1.3M-72.4%	$4.6M	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$9.4M+0.1%	$9.4M+0.4%	$9.4M+1.6%	$9.2M-20.1%	$11.6M-18.0%	$14.1M-2.6%	$14.5M-2.4%	$14.8M
Income Tax	$24K-7.7%	$26K+119.1%	-$136K-644.0%	$25K+103.2%	-$772K-184.4%	$915K+1226.1%	$69K+169.0%	-$100K
Net Income	-$273K-114.4%	$1.9M+155.9%	-$3.4M-216.5%	$2.9M+122.9%	-$12.7M+82.8%	-$74.0M-226.6%	-$22.6M-308.7%	-$5.5M
EPS (Diluted)	$-0.03-400.0%	$0.01+112.5%	$-0.08-112.9%	$0.62+293.7%	$-0.32+86.7%	$-2.41-180.2%	$-0.86-244.0%	$-0.25

RPT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$977.3M-26.9%	$1.3B-10.0%	$1.5B-15.6%	$1.8B+6.4%	$1.7B+4.9%	$1.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$64.3M+21.6%	$52.8M+10.4%	$47.8M-43.3%	$84.4M-21.2%	$107.1M+66.5%	$64.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$730.6M-28.8%	$1.0B-10.6%	$1.1B-8.9%	$1.3B+10.5%	$1.1B-4.5%	$1.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$246.9M-20.1%	$308.9M-7.9%	$335.3M-32.6%	$497.3M+2.5%	$485.4M+34.9%	$359.9M
Retained Earnings	-$158.0M-190.5%	-$54.4M-509.7%	$13.3M-80.0%	$66.4M+24.5%	$53.3M+7.9%	$49.4M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$1.0B-1.1%	$1.0B-1.4%	$1.0B+5.2%	$977.3M+7.2%	$911.5M-26.8%	$1.2B-6.9%	$1.3B-2.8%	$1.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$81.4M-17.4%	$98.6M+1.2%	$97.4M+51.7%	$64.3M-10.8%	$72.0M-28.0%	$100.1M+89.4%	$52.8M-17.3%	$63.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$711.6M-1.1%	$719.8M-1.7%	$732.4M+0.3%	$730.6M+11.2%	$657.0M-33.5%	$988.2M-3.6%	$1.0B-2.5%	$1.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$291.7M-1.0%	$294.7M-0.4%	$296.1M+19.9%	$246.9M-2.6%	$253.6M-0.3%	$254.3M-17.7%	$308.9M-3.5%	$320.2M
Retained Earnings	-$170.9M-2.6%	-$166.6M-1.3%	-$164.5M-4.1%	-$158.0M-7.2%	-$147.4M-11.3%	-$132.4M-143.5%	-$54.4M-93.1%	-$28.2M

RPT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$290K+100.6%	-$46.5M-4193.7%	$1.1M+106.2%	-$18.2M-29.7%	-$14.1M+6.3%	-$15.0M
Capital Expenditures	N/A	$0-100.0%	$27K-90.3%	$277K	$0	N/A
Free Cash Flow	N/A	-$46.5M-4293.5%	$1.1M+106.0%	-$18.5M-31.7%	-$14.1M	N/A
Investing Cash Flow	$297.3M+72.0%	$172.8M-22.5%	$223.1M+544.4%	-$50.2M-307.7%	$24.2M-75.9%	$100.2M
Financing Cash Flow	-$286.1M-135.8%	-$121.4M+53.5%	-$260.8M-670.5%	$45.7M+39.8%	$32.7M+143.0%	-$76.0M
Dividends Paid	N/A	N/A	N/A	N/A	$17.5M-33.5%	$26.3M
Share Buybacks	N/A	$0-100.0%	$4.7M+28981.3%	$16K-96.3%	$436K	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$5.8M-23240.0%	-$25K+98.4%	-$1.6M+33.9%	-$2.4M-114.9%	$16.2M+297.5%	-$8.2M+31.9%	-$12.1M-12.5%	-$10.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	$0	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$12.1M	N/A
Investing Cash Flow	-$322K-101.8%	$17.8M+210.6%	-$16.0M+87.8%	-$131.0M-145.1%	$290.4M+213.3%	$92.7M+288.9%	$23.8M-60.7%	$60.7M
Financing Cash Flow	-$10.1M+38.9%	-$16.5M-132.5%	$50.8M-55.3%	$113.7M+134.0%	-$334.7M-798.6%	-$37.2M-63.2%	-$22.8M+13.5%	-$26.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0

RPT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	-42.1%-95.8pp	53.7%+8.9pp	44.8%-8.7pp	53.5%
Return on Equity	N/A	N/A	N/A	8.4%+2.5pp	5.9%-3.8pp	9.6%
Return on Assets	-9.4%-5.9pp	-3.5%-2.5pp	-1.0%-3.4pp	2.4%+0.7pp	1.7%-0.5pp	2.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.96-0.4	3.32-0.1	3.42+0.9	2.53+0.2	2.35-1.0	3.31
FCF Margin	N/A	N/A	3.1%+26.9pp	-23.8%-1.6pp	-22.1%	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	-1363.0%-1414.8pp	51.7%	N/A	N/A	N/A	-526.3%
Return on Equity	N/A	0.6%	N/A	1.2%	N/A	N/A	N/A	N/A
Return on Assets	-0.0%-0.2pp	0.2%+0.5pp	-0.3%-0.6pp	0.3%+1.7pp	-1.4%+4.5pp	-5.9%-4.3pp	-1.7%-1.3pp	-0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.440.0	2.44-0.0	2.47-0.5	2.96+0.4	2.59-1.3	3.89+0.6	3.32+0.0	3.29
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Rithm Property Trust Inc.'s annual revenue?

Rithm Property Trust Inc. (RPT) reported -$55.5M in total revenue for fiscal year 2024. This represents a -225.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Rithm Property Trust Inc.'s revenue growing?

Rithm Property Trust Inc. (RPT) revenue declined by 225% year-over-year, from -$17.1M to -$55.5M in fiscal year 2024.

Is Rithm Property Trust Inc. profitable?

No, Rithm Property Trust Inc. (RPT) reported a net income of -$91.8M in fiscal year 2024.

What is Rithm Property Trust Inc.'s earnings per share (EPS)?

Rithm Property Trust Inc. (RPT) reported diluted earnings per share of $-2.29 for fiscal year 2024. This represents a -13.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Does Rithm Property Trust Inc. pay dividends?

Yes, Rithm Property Trust Inc. (RPT) paid $0.28 per share in dividends during fiscal year 2024.

What is Rithm Property Trust Inc.'s operating cash flow?

Rithm Property Trust Inc. (RPT) generated $290K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Rithm Property Trust Inc.'s total assets?

Rithm Property Trust Inc. (RPT) had $977.3M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Rithm Property Trust Inc. have outstanding?

Rithm Property Trust Inc. (RPT) had 47M shares outstanding as of fiscal year 2024.

What is Rithm Property Trust Inc.'s debt-to-equity ratio?

Rithm Property Trust Inc. (RPT) had a debt-to-equity ratio of 2.96 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Rithm Property Trust Inc.'s return on assets (ROA)?

Rithm Property Trust Inc. (RPT) had a return on assets of -9.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Rithm Property Trust Inc.'s Piotroski F-Score?

Rithm Property Trust Inc. (RPT) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Rithm Property Trust Inc.'s earnings high quality?

Rithm Property Trust Inc. (RPT) has an earnings quality ratio of -0.00x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.