Rithm Property Trust launches public offering to fund $951M multifamily loan acquisition from Rithm Capital affiliates

Rithm Property Trust Inc.

Public offering of common stock commenced; underwriters include Goldman Sachs, RBC, UBS, Wells Fargo, BTIG, KBW, Piper Sandler.
Affiliate of Rithm Capital (RITM) indicates interest in concurrent private placement at public offering price.
Net proceeds to acquire ~$951M UPB multifamily transition loan portfolio from Rithm Capital affiliates; expected close July 2026.
Preliminary Q2 2026 GAAP comprehensive income $79K-$853K; H1 loss $(3.1M)-$(2.3M); book value per share $30.25-$30.35.

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