Welcome to our dedicated page for Rithm Property Trust news (Ticker: RPT), a resource for investors and traders seeking the latest updates and insights on Rithm Property Trust stock.
RPT Realty (RPT) is a prominent player in the commercial real estate sector, specializing in the ownership and operation of open-air shopping centers across major U.S. markets. These centers provide diverse and locally-curated retail experiences, tailored to reflect the lifestyles of the surrounding communities while meeting the modern expectations of their retail partners.
As a fully integrated and self-administered Real Estate Investment Trust (REIT), RPT Realty is publicly traded on the New York Stock Exchange under the ticker symbol RPT. The company's common shares, with a par value of $0.01 per share, are actively traded, making it a significant entity in the stock market.
As of June 30, 2020, RPT Realty's portfolio comprised 49 shopping centers, including five owned through joint ventures, covering a total gross leasable area of 11.9 million square feet. Impressively, the company's pro-rata share of the aggregate portfolio boasts a high occupancy rate of 93.6%, signaling robust tenant demand and effective property management.
RPT Realty continues to focus on enhancing the consumer experience through strategic partnerships and innovative projects, ensuring that their properties remain top choices for both retailers and customers. The company's commitment to quality and community-centered retail environments underscores its significance in the real estate market.
Rithm Property Trust (NYSE: RPT) reported its Q4 2024 financial results, showing improvement with GAAP net income of $2.9 million ($0.06 per diluted share), compared to a loss of $8.0 million in Q3 2024. The company achieved earnings available for distribution of $0.3 million ($0.01 per diluted share).
The company's book value per common share stood at $5.44 as of December 31, 2024, with total book value at $246.9 million. During Q4, RPT paid a common dividend of $2.8 million ($0.06 per share).
Since taking over Great Ajax's management in June 2024, the company has rebranded to Rithm Property Trust and made significant progress in commercial real estate investments, acquiring $154 million in UPB of commercial mortgage-backed securities (CMBS), bringing their total CMBS investment to $244 million UPB.
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.
Rithm Property Trust (NYSE: RPT) has announced its schedule for the release of fourth quarter 2024 financial results. The company will publish its earnings report for the period ended December 31, 2024, on Thursday, January 30, 2025, before the NYSE opening.
Management will host a conference call on the same day at 8:00 A.M. Eastern Time. Investors can access the call by dialing 1-888-596-4144 (U.S.) or 1-646-968-2525 (international) with conference ID '5035792'. A simultaneous webcast will be available on the company's website, with pre-registration available at the provided link.
A replay of the conference call will be accessible for two weeks until February 13, 2025, through the company's website.
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