---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-015774"
form_type: "8-K"
ticker: "RPT"
cik: "0001614806"
company_name: "Rithm Property Trust Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:06:56.759632+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Great Ajax Q1 net loss $7.9M, EPS ($0.34); book value $12.58; dividend $0.20

## Summary
- Net loss attributable to common stockholders of $7.9M ($0.34 per share); operating loss $2.1M ($0.09 per share).
- Interest income $18.5M, net interest income $3.5M, down $0.4M sequentially from $3.97M.
- Refinanced three joint ventures into Ajax Mortgage Loan Trust 2023-A: $205.1M UPB loans, retained $16.1M in securities.
- GAAP book value per common share $12.58 at March 31, 2023, down from $13.00 at Dec 31, 2022.
- Board declared $0.20 per common share cash dividend, payable May 31, 2023 to holders of record May 15, 2023.

## SEC filing metadata
- accession: 0001628280-23-015774
- form_type: 8-K
- ticker: RPT
- cik: 0001614806
- company_name: Rithm Property Trust Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614806/000162828023015774/0001628280-23-015774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614806/000162828023015774/ajx-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-015774
- JSON: https://secwatch.observer/filing/0001628280-23-015774.json
- Plain text: https://secwatch.observer/filing/0001628280-23-015774.txt

## Key facts
- Earnings Releases
  Rithm Property Trust Inc. reported the quarter ended March 31, 2023 results: revenue $540, net income Net loss attributable to common stockholders of $(7.9) million, EPS $(0.34) per common share.
  - Period: the quarter ended March 31, 2023
  - Revenue: $540
  - Net income: Net loss attributable to common stockholders of $(7.9) million
  - EPS: $(0.34) per common share
  - Result: reported results
  source text: loss from equity method investments and loss on joint venture refinancing on beneficial interests $ (3,612) $ (3,744) $ (65) $ (3,918) $ (3,613) Total revenue, net (1,3) $ 540 $ 1,375 $ 10,522 $ 8,768 $ 14,971 Consolidated net (loss)/income (1) $ (7,364) $ (6,283) $ (9,503) $ (4,781) $ 5,631 Net (loss)/income per basic share $ (0.34) $ (0.30) $ (0.71) $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614806/000162828023015774/0001628280-23-015774-index.htm

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