Rithm Property Trust Announces Tax Treatment of 2024 Dividends

Rhea-AI Summary

Rithm Property Trust (NYSE:RPT) has disclosed the tax treatment of its 2024 common stock distributions. The company's total distributions for 2024 amounted to $0.28 per share, consisting entirely of return of capital. The distributions were paid quarterly as follows:

- Q1 2024: $0.10 per share (paid March 29)
- Q2 2024: $0.06 per share (paid May 30)
- Q3 2024: $0.06 per share (paid August 30)
- Q4 2024: $0.06 per share (paid November 29)

None of the distributions qualified as ordinary dividends, qualified dividends, Section 199A dividends, or long-term capital gains.

Positive

• Consistent quarterly dividend payments throughout 2024
• Return of capital distributions may provide tax advantages for shareholders

Negative

• Reduced dividend amount from Q1 ($0.10) to subsequent quarters ($0.06)
• No qualified dividend income, potentially less tax-efficient for some investors

NEW YORK--(BUSINESS WIRE)-- Rithm Property Trust (NYSE:RPT, “RPT” or the “Company”) today announced the tax treatment of its 2024 common stock distributions.

Common Stock Dividends

During 2024, Rithm Property Trust’s common stock (CUSIP #38983D300) distributions were $0.28000 per share and the distributions consisted of a return of capital. The following table summarizes the tax treatment for 2024 common stock distributions.

	Record Date	Pay Date	Form	Ordinary Dividend	Qualified Dividend	Section 199A Dividend	Long-Term Capital Gain	Return of Capital	Total
Q1’24	03/15/24	03/29/24	Cash	$0.00000	$0.00000	$0.00000	$0.00000	$0.10000	$0.10000
Q2’24	05/15/24	05/30/24	Cash	$0.00000	$0.00000	$0.00000	$0.00000	$0.06000	$0.06000
Q3’24	08/15/24	08/30/24	Cash	$0.00000	$0.00000	$0.00000	$0.00000	$0.06000	$0.06000
Q4’24	11/15/24	11/29/24	Cash	$0.00000	$0.00000	$0.00000	$0.00000	$0.06000	$0.06000

The data provided in this press release is provided for informational purposes only and does not constitute tax advice. Stockholders are urged to consult their own tax advisors regarding any issues or decisions regarding the proper tax treatment of their shares of Rithm Property Trust.

About Rithm Property Trust Inc.

Rithm Property Trust is a real estate investment platform externally managed by an affiliate of Rithm Capital Corp. (NYSE: RITM). Rithm Property Trust has historically focused on acquiring, investing in and managing re-performing loans and non-performing loans secured by single-family residences and commercial properties. In connection with its recent strategic transaction with Rithm Capital, the Company is transitioning to a flexible commercial real estate focused investment strategy. Rithm Property Trust is a Maryland corporation that is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250127519184/en/

Investor Relations

(646) 868-5483

ir@rithmpropertytrust.com

Source: Rithm Property Trust Inc.

FAQ

What is the total dividend distribution for RPT stock in 2024?

RPT's total dividend distribution for 2024 was $0.28 per share, paid quarterly.

How are RPT's 2024 dividends classified for tax purposes?

All of RPT's 2024 distributions are classified as return of capital for tax purposes.

When were RPT's quarterly dividends paid in 2024?

RPT paid dividends on March 29, May 30, August 30, and November 29, 2024.

Why did RPT's quarterly dividend amount change from Q1 to Q2 2024?

RPT reduced its quarterly dividend from $0.10 per share in Q1 to $0.06 per share from Q2 onwards in 2024.

Does RPT's 2024 dividend include any qualified dividend income?

No, RPT's 2024 distributions do not include any qualified dividend income; they are entirely return of capital.