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RPT — Rithm Property Trust News Story

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Rithm Property Trust Q4 comprehensive income $2.5 mln, declares dividend

Overview

Real estate investment trust's Q4 GAAP comprehensive income was $2.5 mln, $0.33 per share

Earnings available for distribution in Q4 were negative at $(0.5) mln

Company paid a Q4 common dividend of $2.7 mln or $0.36 per common share

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

UNREALIZED GAINS - Increase in unrealized gains on residential mortgage loans held-for-sale contributed to comprehensive income

DIVIDEND MAINTENANCE - Co maintained dividend payout despite negative earnings available for distribution

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Net Income$3.24 mln
Q4 Pretax Profit$3.39 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 60.2% above its February 12 closing price of $14.98 The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 17 three months ago Press Release: ID:nBw6Q4N4Pa 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.)

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