secwatch.observer — SEC 8-K summary
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Issuer:     Rithm Property Trust Inc. (RPT)
CIK:        0001614806
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001628280-21-021785
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Ajax Q3 net income $9.3M ($0.40 EPS); book value $16.00; agrees to acquire $350.9M NPL pool
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- Net income attributable to common stockholders $9.3M ($0.40 basic EPS); book value per common share $16.00 vs $15.86 prior quarter.
- Formed Ajax Mortgage Loan Trust 2021-E, acquiring $517.7M UPB of loans; retained $54.7M of securities with 83.2% AAA/A rated.
- Purchased $87.5M of NPLs (UPB $90.9M) at 64.0% of property value and $0.5M of RPLs.
- Subsequent to quarter end, agreed to acquire 2,498 NPLs with $350.9M UPB via JV at ~16.3% ownership.
- Board declared $0.24 per share cash dividend payable Nov 29 to holders of record Nov 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1614806/000162828021021785/0001628280-21-021785-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1614806/000162828021021785/ajx-20211104.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-021785

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