---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-082071"
form_type: "8-K"
ticker: "RPT"
cik: "0001614806"
company_name: "Rithm Property Trust Inc."
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T17:00:50.459095+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Great Ajax Q2 2024 GAAP EPS -$0.32, book value drops to $5.56; strategic shift to commercial real estate

## Summary
- GAAP net loss $12.7M ($0.32/share); book value per share fell to $5.56 from $6.87.
- Completed strategic transaction with Rithm Capital; new manager RCM GA LLC focuses on commercial real estate.
- Sold ~$305M UPB loans, net proceeds ~$45.1M; used portion to redeem 7.25% convertible notes due April 2024.
- Issued 2.9M shares to Rithm affiliate in June, and five-year warrants for up to 3.3M shares.
- Declared $0.06 dividend payable Aug 30, 2024, record Aug 15, 2024.

## SEC filing metadata
- accession: 0001104659-24-082071
- form_type: 8-K
- ticker: RPT
- cik: 0001614806
- company_name: Rithm Property Trust Inc.
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614806/000110465924082071/0001104659-24-082071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614806/000110465924082071/tm2420048d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-082071
- JSON: https://secwatch.observer/filing/0001104659-24-082071.json
- Plain text: https://secwatch.observer/filing/0001104659-24-082071.txt

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