Rithm Property Trust returns to profit in Q2 but distributable earnings stay negative

Rithm Property Trust

28/07/2026 21:22

Overview
US commercial real estate REIT posted Q2 GAAP comprehensive income after prior quarter loss
Earnings available for distribution stayed negative, though loss narrowed from previous quarter
Company maintained common dividend at $0.36 per share

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

Result Drivers
NET INTEREST INCOME - Co reported higher net interest income versus prior qtr, contributing to improved results
REALIZED AND UNREALIZED GAINS - Co cited net realized and unrealized gains on investment portfolio assets as a key variable impacting performance

Company press release: ID:nBw5XxQ7ja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
$2.005 mln
 
Q2 Net Interest Income
 
$4.06 mln
 
Q2 Pretax Profit
 
$2.03 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 102% above its July 27 closing price of $11.88

Reuters Recommended Reads
July 28 - Rithm Capital Q2 profit falls
July 28 - Redwood Trust Q2 net loss narrows sequentially, mortgage banking production doubles y/y
July 28 - Curbline Properties Q2 profit falls on increased interest expense

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(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.)