---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-049671"
form_type: "8-K"
ticker: "RPT"
cik: "0001614806"
company_name: "Rithm Property Trust Inc."
filed_at: "2024-04-22T23:59:59+00:00"
generated_at: "2026-06-03T13:59:53.728112+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Great Ajax estimates Q1 GAAP book value drop to $6.81-$6.88 from $9.99; net loss per share $(1.90)-$(2.06)

## Summary
- Estimated GAAP net loss attributable to common stockholders of $(58.7M) to $(63.2M), or $(1.90) to $(2.06) per share.
- Non-GAAP operating loss per common share estimated at $(0.13) to $(0.15), compared to $(0.07) in Q4 2023.
- Book value per share decline driven by GAAP net loss, preferred stock exchange, and cash dividends paid.
- Company also noted upcoming stockholders' meeting to approve proposed transaction with Rithm Capital Corp.

## SEC filing metadata
- accession: 0001104659-24-049671
- form_type: 8-K
- ticker: RPT
- cik: 0001614806
- company_name: Rithm Property Trust Inc.
- filed_at: 2024-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614806/000110465924049671/0001104659-24-049671-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614806/000110465924049671/tm2411995d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-049671
- JSON: https://secwatch.observer/filing/0001104659-24-049671.json
- Plain text: https://secwatch.observer/filing/0001104659-24-049671.txt

## Key facts
- Earnings Releases
  Rithm Property Trust Inc. reported quarter ended March 31, 2024 results: net income GAAP consolidated net loss attributable to common stockholders of between $(58.7) million or $(1.90) per common share an, EPS between $(1.90) and $(2.06) per common share.
  - Period: quarter ended March 31, 2024
  - Net income: GAAP consolidated net loss attributable to common stockholders of between $(58.7) million or $(1.90) per common share an
  - EPS: between $(1.90) and $(2.06) per common share
  - Result: preliminary results
  source text: For the quarter ended March 31, 2024, Great Ajax estimates a GAAP consolidated net loss attributable to common stockholders of between $(58.7) million or $(1.90) per common share and $(63.2) million or $(2.06) per common share compared to $(23.2) million or $(0.86) per common share for the quarter ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614806/000110465924049671/0001104659-24-049671-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.