Rithm Property Trust posts Q1 net loss on higher operating expenses

Rithm Property Trust

24/04/2026 11:55

Overview

US commercial real estate REIT posted Q1 comprehensive loss per share and negative adjusted EPS

Company maintained quarterly common dividend at $0.36 per share

Q1 loss driven by negative net income and investment losses

Outlook

Company did not provide specific guidance for the current quarter or full year in its press release

Result Drivers

INVESTMENT LOSSES - Realized and unrealized losses on assets contributed to the Q1 comprehensive loss

OPERATING EXPENSES - Higher professional fees and general and administrative costs weighed on results

Company press release: ID:nBw13sQF2a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted Earnings Available for Distribution per Diluted Common Share
-$0.04
Q1 EPS
-$0.43
Q1 Net Income
-$1.99 mln
Q1 Pretax Profit
-$1.99 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Rithm Property Trust Inc is $24.00, about 65.9% above its April 23 closing price of $14.47

The stock recently traded at 984 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)