Rithm Property Trust Inc. Common stock (RPT)

FairStock Score: 45/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Rithm Property Trust as a financial company, so I set aside free cash flow, EV/EBITDA, Altman, and the Graham Number; they do not apply here. At the 2026-10-13 close of $10.57, FairStock shows P/B 0.35, P/E -37.75, ROE 1.03%, ROCE 0.31%, D/E 2.22, dividend yield 12.64%, and Piotroski 4/9. The market is pricing this near a third of book, which is Graham-like, but the earnings record is shaky. Filed figures show FY2023, the year ended 2023-12-31, net loss $47.1M; FY2024, the year ended 2024-12-31, net loss $91.8M; then FY2025, the year ended 2025-12-31, net income $1.5M but diluted EPS -$0.36. In fiscal Q2 2026, the quarter ended 2026-06-30, net income was $2.0M and diluted EPS $0.09, a sharp swing from fiscal Q1 2026, the quarter ended 2026-03-31, net loss $2.0M and diluted EPS -$0.43. The business is an externally managed REIT in residential mortgage assets and commercial real estate. I see little durable moat: it is capital-intensive, externally managed, and exposed to credit and funding. The latest profit is encouraging, and the Lynch category is TURNAROUND, returned to profit after a loss within the last three years, but one quarter does not prove consistency. Low ROE and high leverage mean the discount to book may be deserved until underwriting and earnings stabilize. CET1, NIM, and combined ratio are not in the data, so I cannot underwrite credit quality precisely.

In plain English: Rithm Property Trust is an externally managed real estate investment trust that owns residential mortgages and commercial real estate loans. It has swung between losses and small profits; the latest quarter was profitable, but results are uneven and debt is high. The stock trades at a low price compared with its accounting asset value, though that low price likely reflects real credit and leverage risks.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer