Rithm Property Trust Inc. (NYSE: RPT) returns to profit in Q2 2026
Rhea-AI Filing Summary
Rithm Property Trust Inc. reported second quarter 2026 results, with GAAP comprehensive income of $645.0 thousand, or $0.08 per diluted common share, compared with a comprehensive loss of $3,174.0 thousand, or $(0.42) per diluted share, in the prior quarter. Net income attributable to common stockholders was $715 thousand, versus a loss of $3,280 thousand in the first quarter.
The company reported earnings available for distribution of $(46.0) thousand, or $(0.01) per diluted share, improving from $(307.0) thousand, or $(0.04) per share, in Q1 2026. The quarterly common dividend remained $0.36 per share, or $2.8 million. Book value per common share was $30.17 based on 7,772,564 common shares outstanding as of June 30, 2026. Total assets were $928,744 thousand and total stockholders’ equity was $284,845 thousand at quarter end.
Positive
- Returned to positive GAAP comprehensive income of $645.0 thousand in Q2 2026, improving from a comprehensive loss of $3,174.0 thousand in Q1 2026.
Negative
- Earnings available for distribution remained negative at $(46.0) thousand in Q2 2026, indicating core non-GAAP earnings were still slightly below break-even despite GAAP profitability.
Filing Explained
At June 30, cash was $66,703 thousand and common shares outstanding were 7,772,564, leaving potential dilution and a lower reported cash balance.
The
The company reported 8,049,957 common shares issued and 7,772,564 outstanding at June 30, versus 7,939,163 issued and 7,661,770 outstanding at March 31; cash and cash equivalents were
The company defines earnings available for distribution as a non-GAAP measure excluding specified gains, losses, and other adjustments, and says it is not a substitute for GAAP comprehensive income or operating cash flows and is not a guarantee of dividends.
The lower quarter-end cash balance is a reported liquidity change, but this filing does not provide a transaction-level explanation for the share-count increase or establish proceeds received.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
GAAP comprehensive income: $645.0 thousand
GAAP comprehensive income prior quarter: $(3,174.0) thousand
Net income attributable to common stockholders: $715 thousand
+5 more
8 metrics
GAAP comprehensive income
$645.0 thousand
Quarter ended June 30, 2026
GAAP comprehensive income prior quarter
$(3,174.0) thousand
Quarter ended March 31, 2026
Net income attributable to common stockholders
$715 thousand
Quarter ended June 30, 2026
Earnings available for distribution
$(46.0) thousand
Non-GAAP, quarter ended June 30, 2026
Common dividend per share
$0.36
Q2 2026 common dividend per share
Common dividend
$2.8 million
Q2 2026 common dividend paid
Book value per common share
$30.17
As of June 30, 2026
Total assets
$928,744 thousand
As of June 30, 2026
Key Terms
Earnings available for distribution, comprehensive income/(loss), residential mortgage-backed securities, repurchase financing agreements, +2 more
6 terms
Earnings available for distribution financial
"“Earnings available for distribution” is a non-GAAP financial measure..."
Earnings available for distribution are the portion of a company’s profit that remains after paying taxes, meeting legal or contractual reserves, and covering any required debt or operating obligations — essentially the cash the business can legally and practically give to shareholders or unitholders. Investors watch this number because it shows how much income a company can return as dividends or distributions, similar to the money left in a household account after paying bills and savings goals.
comprehensive income/(loss) financial
"Comprehensive Income/(Loss) is a GAAP financial measure that adjusts GAAP Net Income/(Loss)..."
residential mortgage-backed securities financial
"Residential mortgage-backed securities | 189,837 | | | 189,685 |"
A residential mortgage-backed security (RMBS) is an investment created by bundling many home loans together and selling slices of the resulting cash flow to investors, who receive portions of the mortgage payments as income. Think of it as a large loaf of loan payments cut into pieces that investors buy; its value and yield depend on homeowners making payments, interest rates, and the health of the housing market, making RMBS a way to earn regular income but with credit and rate risk.
repurchase financing agreements financial
"Repurchase financing agreements | 311,341 | | 309,418"
A repurchase financing agreement is a short-term loan where a holder of securities sells them to a lender with a promise to buy them back later at a slightly higher price; the securities act like collateral. Think of it like a pawn-shop loan using bonds or stocks instead of jewelry. Investors care because these deals affect a company’s or fund’s cash flow, leverage and risk of forced asset sales if lenders demand repayment, and they signal short-term funding costs and stability.
non-GAAP financial measure financial
"“Earnings available for distribution” is a non-GAAP financial measure of the Company’s operating performance..."
A non-GAAP financial measure is a way companies present their financial results that excludes certain expenses or income to show how they believe their core business is performing. It matters because it can give a clearer picture of how the company is really doing, but it can also be used to make results look better than they actually are.
real estate investment trust (REIT) financial
"organized and conducts its operations to qualify as a real estate investment trust (REIT)..."
A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate like shopping malls, apartments, or office buildings. Investors buy shares of the REIT, making it easy for people to invest in real estate without buying property themselves, and it often pays regular dividends from the rent it collects.
Earnings Snapshot
GAAP comprehensive income: $645.0 thousand
Quarter ended June 30, 2026
GAAP comprehensive income
$645.0 thousand
Improved from $(3,174.0) thousand in Q1 2026.
Net income attributable to common stockholders
$715 thousand
Improved from $(3,280) thousand in Q1 2026.
Earnings available for distribution
$(46.0) thousand
Narrowed from $(307.0) thousand in Q1 2026.
Common dividend per share
$0.36
Unchanged from $0.36 in Q1 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What were Rithm Property Trust (RPT)’s GAAP earnings for Q2 2026?
Rithm Property Trust reported GAAP comprehensive income of $645.0 thousand, or $0.08 per diluted common share, for Q2 2026. This compares with a comprehensive loss of $3,174.0 thousand, or $(0.42) per diluted share, in the first quarter of 2026.
How did Rithm Property Trust (RPT)’s non-GAAP earnings available for distribution look in Q2 2026?
Rithm Property Trust’s earnings available for distribution were $(46.0) thousand, or $(0.01) per diluted common share, in Q2 2026. This was an improvement from $(307.0) thousand, or $(0.04) per diluted share, in Q1 2026.
What dividend did Rithm Property Trust (RPT) pay on common stock for Q2 2026?
For Q2 2026, Rithm Property Trust paid a common dividend of $0.36 per share, totaling $2.8 million. The dividend per share was unchanged from the first quarter 2026 common dividend of $0.36 per share, also totaling $2.8 million.
How strong is Rithm Property Trust (RPT)’s balance sheet as of Q2 2026?
At June 30, 2026, Rithm Property Trust had total assets of $928,744 thousand and total stockholders’ equity of $284,845 thousand. Liabilities included $212,249 thousand of secured bonds payable and $311,341 thousand of repurchase financing agreements.
How did Rithm Property Trust (RPT)’s net interest income change in Q2 2026?
Net interest income in Q2 2026 was $4,056 thousand, compared with $3,628 thousand in Q1 2026. Interest income totaled $12,335 thousand and interest expense $8,279 thousand in Q2, versus $12,536 thousand and $8,908 thousand, respectively, in the prior quarter.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 28, 2026
(Exact name of registrant as specified in charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices)
Registrant’s telephone number, including area code:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbols | Name of each exchange on which registered | ||||||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
| Item 2.02. | Results of Operations and Financial Condition | ||||
On July 28, 2026, Rithm Property Trust Inc. (the “Company”) issued a press release regarding its financial results for the second quarter ended June 30, 2026 (the “Press Release”). A copy of the Press Release is attached hereto as Exhibit 99.1 and is incorporated herein solely for purposes of this Item 2.02 disclosure.
The information provided in Item 2.02 of this Report, including Exhibit 99.1, is being furnished and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, unless expressly set forth as being incorporated by reference into such filing.
| Item 9.01. | Financial Statements and Exhibits | ||||
Exhibit | Description | |||||||
99.1 | Press Release, dated July 28, 2026 | |||||||
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document | |||||||
EXHIBIT INDEX
Exhibit | Description | |||||||
99.1 | Press Release, dated July 28, 2026 | |||||||
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| RITHM PROPERTY TRUST INC. | ||||||||
| By: | /s/ Nicola Santoro, Jr. | |||||||
| Name: | Nicola Santoro, Jr. | |||||||
| Title: | Chief Financial Officer | |||||||
Dated: July 28, 2026
Exhibit 99.1
Rithm Property Trust Inc. Announces Second Quarter 2026 Results
NEW YORK, NY— (BUSINESS WIRE) —Rithm Property Trust Inc. (NYSE: RPT, “Rithm Property Trust” or the “Company”) today announced its financial results for the second quarter ended June 30, 2026.
Financial Highlights:
•GAAP comprehensive income of $645.0 thousand, or $0.08 per diluted common share(1)(2)
•Book value per common share of $30.17(1)
•Common dividend of $2.8 million, or $0.36 per common share
•Earnings available for distribution of $(46.0) thousand, or $(0.01) per diluted common share(1)(3)
Q2 2026 | Q1 2026 | |||||||||||||
Summary of Operating Results: | ||||||||||||||
Comprehensive Income (Loss) per Diluted Common Share(1)(2) | $ | 0.08 | $ | (0.42) | ||||||||||
Comprehensive Income (Loss)(2) (in thousands) | $ | 645.0 | $ | (3,174.0) | ||||||||||
| Non-GAAP Results: | ||||||||||||||
Earnings Available for Distribution per Diluted Common Share(1)(3) | $ | (0.01) | $ | (0.04) | ||||||||||
Earnings Available for Distribution(3) (in thousands) | $ | (46.0) | $ | (307.0) | ||||||||||
Common Dividend Paid: | ||||||||||||||
Common Dividend per Share | $ | 0.36 | $ | 0.36 | ||||||||||
Common Dividend (in millions) | $ | 2.8 | $ | 2.8 | ||||||||||
(1)Per diluted common share calculations for both GAAP Comprehensive Income/(Loss) and Earnings Available for Distribution are based on weighted-average diluted shares of 7,745,779 and 7,622,488 for the quarters ended June 30, 2026 and March 31, 2026, respectively. Book Value per share is based on 7,772,564 common shares outstanding as of June 30, 2026.
(2)Comprehensive Income/(Loss) is a GAAP financial measure that adjusts GAAP Net Income/(Loss) by any unrealized gain (loss) on investment securities measured at fair value through other comprehensive income/(loss) and the related income tax effect, if any.
(3)Earnings Available for Distribution is a non-GAAP financial measure. For a reconciliation of Earnings Available for Distribution to GAAP Comprehensive Income/(Loss), as well as an explanation of this measure, please refer to the section entitled “Non-GAAP Financial Measures and Reconciliation to GAAP Comprehensive Income/(Loss).”
Additional Information
For additional information that management believes is useful for investors, please refer to the latest presentation posted on the Events & Presentations section of the Company’s website, www.rithmpropertytrust.com. Information on, or accessible through, our website is not a part of, and is not incorporated into, this press release.
Earnings Conference Call
Rithm Property Trust’s management will host a conference call at 5:00 P.M. Eastern Time on Tuesday, July 28, 2026, to review its second quarter 2026 results for the period ended June 30, 2026. A webcast of the conference call will be available to the public on a listen-only basis at the Company’s website, www.rithmpropertytrust.com. Participants are encouraged to pre-register for the webcast at https://events.q4inc.com/attendee/8600001030. Please allow extra time prior to the call to visit the website and download any necessary software required to listen to the webcast.
RITHM PROPERTY TRUST INC. AND SUBSIDIARIES
Consolidated Statements of Operations (Unaudited)
($ in thousands except share and per share amounts)
| Three Months Ended | |||||||||||
June 30, 2026 | March 31, 2026 | ||||||||||
| Net Interest Income | |||||||||||
| Interest income | $ | 12,335 | $ | 12,536 | |||||||
| Interest expense | (8,279) | (8,908) | |||||||||
| Net interest income | 4,056 | 3,628 | |||||||||
| | |||||||||||
| Expenses | |||||||||||
| Related party loan servicing fee | 557 | 466 | |||||||||
| Related party management fee | 1,614 | 1,604 | |||||||||
| Professional fees | 1,219 | 1,681 | |||||||||
| General and administrative | 1,037 | 1,095 | |||||||||
| Total expense | 4,427 | 4,846 | |||||||||
| Other Income (Loss) | |||||||||||
| Realized and unrealized gains (losses), net | 2,959 | (123) | |||||||||
| Other loss, net | (563) | (653) | |||||||||
| Total other income (loss) | 2,396 | (776) | |||||||||
| Income (Loss) before Income Taxes | 2,025 | (1,994) | |||||||||
| Income tax expense (benefit) | 20 | (5) | |||||||||
| Net Income (Loss) | 2,005 | (1,989) | |||||||||
| Net income attributable to the noncontrolling interests | — | 1 | |||||||||
| Net Income (Loss) Attributable to Rithm Property Trust Inc. | 2,005 | (1,990) | |||||||||
| Dividends on preferred stock | 1,290 | 1,290 | |||||||||
| Net Income (Loss) Attributable to Common Stockholders | 715 | (3,280) | |||||||||
| Unrealized loss on available-for-sale securities | (210) | (35) | |||||||||
| Amortization of unrealized loss on held-to-maturity securities | 140 | 141 | |||||||||
| Comprehensive Income (Loss) | $ | 645 | $ | (3,174) | |||||||
| Net Income (Loss) per Share of Common Stock | |||||||||||
| Basic | $ | 0.09 | $ | (0.43) | |||||||
| Diluted | $ | 0.09 | $ | (0.43) | |||||||
Comprehensive Income (Loss) per Share of Common Stock | |||||||||||
| Basic | $ | 0.08 | $ | (0.42) | |||||||
| Diluted | $ | 0.08 | $ | (0.42) | |||||||
| Weighted Average Number of Shares of Common Stock Outstanding | |||||||||||
| Basic | 7,745,779 | 7,622,488 | |||||||||
| Diluted | 7,745,779 | 7,622,488 | |||||||||
2
RITHM PROPERTY TRUST INC. AND SUBSIDIARIES
Consolidated Balance Sheets (Unaudited)
($ in thousands except share and per share amounts)
June 30, 2026 | March 31, 2026 | ||||||||||
| Assets | |||||||||||
| Cash and cash equivalents | $ | 66,703 | $ | 96,267 | |||||||
| Restricted cash | 411 | 547 | |||||||||
Residential mortgage loans held-for-investment, net | 348,147 | 356,137 | |||||||||
| Residential mortgage loans held-for-sale, net | 16,072 | 28,450 | |||||||||
| Residential transition loans, at fair value | 117,730 | — | |||||||||
Commercial mortgage-backed securities, at fair value | 84,365 | 151,301 | |||||||||
Residential mortgage-backed securities | 189,837 | 189,685 | |||||||||
| CRE equity method investments | 79,466 | 76,560 | |||||||||
| Other assets | 26,013 | 31,699 | |||||||||
| Total Assets | $ | 928,744 | $ | 930,646 | |||||||
| Liabilities and Equity | |||||||||||
| Liabilities | |||||||||||
| Secured bonds payable, net | $ | 212,249 | $ | 219,221 | |||||||
| Repurchase financing agreements | 311,341 | 309,418 | |||||||||
| Unsecured notes, net | 108,938 | 108,722 | |||||||||
| Accrued expenses and other liabilities | 11,371 | 6,707 | |||||||||
| Total Liabilities | 643,899 | 644,068 | |||||||||
| Commitments and Contingencies | |||||||||||
| Stockholders’ Equity | |||||||||||
Preferred stock, $0.01 par value, 25,000,000 shares authorized, 2,084,232 shares issued and outstanding, $52,106 aggregate liquidation preference | 50,785 | 50,785 | |||||||||
Common stock $0.01 par value, 125,000,000 shares authorized, 8,049,957 and 7,939,163 shares issued and 7,772,564 and 7,661,770 shares outstanding, respectively | 78 | 77 | |||||||||
| Additional paid-in capital | 430,298 | 427,081 | |||||||||
| Treasury stock | (11,596) | (11,596) | |||||||||
| Accumulated deficit | (182,654) | (177,773) | |||||||||
| Accumulated other comprehensive loss | (1,611) | (1,541) | |||||||||
| Stockholders’ Equity in Rithm Property Trust Inc. | 285,300 | 287,033 | |||||||||
Noncontrolling interests | (455) | (455) | |||||||||
| Total Stockholders’ Equity | 284,845 | 286,578 | |||||||||
| Total Liabilities and Equity | $ | 928,744 | $ | 930,646 | |||||||
3
NON-GAAP FINANCIAL MEASURES AND RECONCILIATION TO GAAP COMPREHENSIVE INCOME/(LOSS)
The Company has three primary variables that impact its performance: (i) net interest margin on assets held within the investment portfolio; (ii) realized and unrealized gains or losses on assets held within the investment portfolio, including any impairment or reserve for expected credit losses; and (iii) the Company’s operating expenses and taxes.
“Earnings available for distribution” is a non-GAAP financial measure of the Company’s operating performance, which is used by management to evaluate the Company’s performance excluding:
•Net income and losses attributable to noncontrolling interests;
•Certain realized and unrealized gains and losses (including impairment) on certain assets and liabilities; and
•Other adjustments which primarily consist of amortization expense, non-capitalized transaction-related expenses related to legal, valuation and other professional service fees incurred in connection with certain investment acquisitions and deferred taxes.
In computing earnings available for distribution, the Company excludes the items listed above because management does not consider them representative of the Company's core operating performance or of cash available for distribution to stockholders. These adjustments generally fall into three categories: items that are non-cash in nature; items that, while a part of the Company's recurring operations, are subject to significant variability and are therefore generally limited to a potential indicator of future economic performance; and items that relate to the acquisition of investments rather than to ongoing operations.
Management believes that the adjustments to compute “earnings available for distribution” specified above allow investors and analysts to readily identify and track the operating performance of the assets that form the core of the Company’s activity, assist in comparing the core operating results between periods and enable investors to evaluate the Company’s current core performance using the same financial measure that management uses to operate the business. Management also utilizes earnings available for distribution as a financial measure in its decision-making process relating to improvements to the underlying fundamental operations of the Company’s investments, as well as the allocation of resources between those investments, and management also relies on earnings available for distribution as an indicator of the results of such decisions. As such earnings available for distribution is not intended to reflect all of the Company’s activity and should be considered as only one of the factors used by management in assessing the Company’s performance, along with GAAP comprehensive income/(loss) which is inclusive of all of the Company’s activities.
The Company views earnings available for distribution as a consistent financial measure of its portfolio’s ability to generate income for distribution to common stockholders. Earnings available for distribution does not represent and should not be considered as a substitute for, or superior to, comprehensive income/(loss) or as a substitute for, or superior to, cash flows from operating activities, each as determined in accordance with GAAP, and the Company’s calculation of this financial measure may not be comparable to similarly entitled financial measures reported by other companies. Furthermore, to maintain qualification as a REIT, U.S. federal income tax law generally requires that the Company distribute at least 90% of its REIT taxable income annually, determined without regard to the deduction for dividends paid and excluding net capital gains. Because the Company views earnings available for distribution as a consistent financial measure of its ability to generate income for distribution to common stockholders, earnings available for distribution is one metric, but not the exclusive metric, that the Company’s board of directors uses to determine the amount, if any, and the payment date of dividends on common stock. However, earnings available for distribution should not be considered as an indication of the Company’s taxable income, a guaranty of its ability to pay dividends or as a proxy for the amount of dividends it may pay, as earnings available for distribution excludes certain items that impact its cash needs.
4
Reconciliation of Non-GAAP Measure to the Respective GAAP Measure
The table below provides a reconciliation of earnings available for distribution to the most directly comparable GAAP financial measure (dollars in thousands, except share and per share data):
| Three Months Ended | |||||||||||
| June 30, 2026 | March 31, 2026 | ||||||||||
Comprehensive Income/(Loss) — GAAP | $ | 645 | $ | (3,174) | |||||||
| Adjustments: | |||||||||||
| Net income attributable to noncontrolling interest | — | 1 | |||||||||
| Realized and unrealized (gains) losses, net | (996) | 1,893 | |||||||||
| Other adjustments | 305 | 973 | |||||||||
| Earnings Available for Distribution — Non-GAAP | $ | (46) | $ | (307) | |||||||
| Weighted average shares — basic | 7,745,779 | 7,622,488 | |||||||||
| Weighted average shares — diluted | 7,745,779 | 7,622,488 | |||||||||
| Basic Earnings Available for Distribution per common share | $ | (0.01) | $ | (0.04) | |||||||
| Diluted Earnings Available for Distribution per common share | $ | (0.01) | $ | (0.04) | |||||||
5
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain information which constitutes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “seek,” “believes,” “intends,” “expects,” “projects,” “anticipates,” “plans” and “future” or similar expressions are intended to identify forward-looking statements. These statements are not historical facts. These forward-looking statements represent management’s current expectations regarding future events and are subject to the inherent uncertainties in predicting future results and conditions, many of which are beyond our control. Accordingly, you should not place undue reliance on any forward-looking statements contained herein. For a discussion of some of the risks and important factors that could affect such forward-looking statements see the sections entitled “Cautionary Statement Regarding Forward-Looking Statements”, “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent annual and quarterly reports and other filings, including the Company’s recent proxy statements, filed with the Securities and Exchange Commission. The Company expressly disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
ABOUT RITHM PROPERTY TRUST
Rithm Property Trust is an opportunistic commercial real estate investment vehicle externally managed by an affiliate of Rithm Capital Corp. (NYSE: RITM). Rithm Property Trust is a Maryland corporation that is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes. For more information, visit www.rithmpropertytrust.com.
| Investor Relations | ||
| 646-868-5483 | ||
| ir@rithmpropertytrust.com | ||
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