---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-012669"
form_type: "8-K"
ticker: "RPT"
cik: "0001614806"
company_name: "Rithm Property Trust Inc."
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-25T23:44:06.580235+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Great Ajax Q1 net income $3.6M; book value $15.95; taxable income $0.49; declares $0.26 dividend

## Summary
- Net income attributable to common stockholders of $3.6M, or $0.15 diluted EPS; taxable income per share $0.49.
- Book value per common share $15.95, up from $15.92 at Dec 31, 2021; quarterly dividend declared $0.26/share payable May 31.
- Net interest income $14.6M, up $0.4M QoQ; collected $85.3M in cash; cash reserves $70.7M.
- Recorded $4.0M impairment on beneficial interests in 2018-D and 2018-G trusts due to redemption; expects recovery via new 2022-A securitization.
- Subsequent event: Refinanced 2018-D/2018-G into 2022-A; retained $47.7M of securities (23.28% ownership); first fully rated securitization with NPLs.

## SEC filing metadata
- accession: 0001628280-22-012669
- form_type: 8-K
- ticker: RPT
- cik: 0001614806
- company_name: Rithm Property Trust Inc.
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614806/000162828022012669/0001628280-22-012669-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614806/000162828022012669/ajx-20220505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-012669
- JSON: https://secwatch.observer/filing/0001628280-22-012669.json
- Plain text: https://secwatch.observer/filing/0001628280-22-012669.txt

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