Rithm Property Trust rebounds after it scraps stock offering

Rithm Property Trust

21/07/2026 12:49

** Mortgage REIT Rithm Property Trust's RPT.N shares up 13.7% at $12.09 premarket on Tues after it pulls planned equity raise
** New York City-based RPT terminates proposed public stock offering and contemplated concurrent private placement, citing market conditions
** RPT says it won't acquire the portfolio of multifamily residential transition loans at this time
** After the bell on July 13, RPT kicked off $300 mln public offering, along with an affiliate of its external manager, Rithm Capital RITM.N, indicating interest in purchasing $200 mln of shares in a private placement
** RPT shares ended down 2.4% at record low close of $10.63 on Mon, having shed 24% over the past week
** At Mon close, stock down 36% YTD

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))