secwatch.observer — SEC 8-K summary
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Issuer:     Rithm Property Trust Inc. (RPT)
CIK:        0001614806
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001628280-22-012669
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1614806/000162828022012669/0001628280-22-012669-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1614806/000162828022012669/ajx-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-012669

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