secwatch.observer — SEC 8-K summary
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Issuer:     Rithm Property Trust Inc. (RPT)
CIK:        0001614806
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001628280-22-021103
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 Q2 2022 net loss $9.2M; book value down to $14.98 per share
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- Net loss attributable to common stockholders of $(9.2)M, or $(0.40) per basic share; operating income $5.7M ($0.25/share).
- Book value per common share fell to $14.98 from $15.95 in Q1, driven by mark-to-market losses and preferred stock repurchase charges.
- Interest income of $20.9M and net interest income of $11.7M, down from $14.6M in prior quarter; interest expense rose to $9.2M.
- Repurchased $25M face amount of preferred stock and associated warrants, saving $4.5M annually; also bought back 475k common shares at avg $9.77.
- Declared $0.27/share dividend payable Aug 31, 2022; portfolio at 74.2% loans made 12 of 12 payments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1614806/000162828022021103/0001628280-22-021103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1614806/000162828022021103/ajx-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-021103

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