---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-027269"
form_type: "8-K"
ticker: "RPT"
cik: "0001614806"
company_name: "Rithm Property Trust Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T08:26:10.687582+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Great Ajax Q2 net loss $12M, book value $11.86; agrees to merger with Ellington Financial

## Summary
- Net loss attributable to common stockholders of $(12.0) million ($(0.51) per share); operating loss $(2.5) million ($(0.11) per share).
- Book value per common share fell to $11.86 from $12.58 in Q1 2023.
- Entered merger agreement with Ellington Financial (EFC) on June 30; fixed exchange ratio 0.5308, expected close by year-end.
- Recorded $8.8 million non-cash impairment on beneficial interests due to refinancing of eight joint ventures into two new trusts.

## SEC filing metadata
- accession: 0001628280-23-027269
- form_type: 8-K
- ticker: RPT
- cik: 0001614806
- company_name: Rithm Property Trust Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614806/000162828023027269/0001628280-23-027269-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614806/000162828023027269/ajx-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-027269
- JSON: https://secwatch.observer/filing/0001628280-23-027269.json
- Plain text: https://secwatch.observer/filing/0001628280-23-027269.txt

## Key facts
- Earnings Releases
  Rithm Property Trust Inc. reported for the quarter ended June 30, 2023 results: revenue Interest income of $18.3 million, net income Net loss attributable to common stockholders of $(12.0) million, EPS a loss of $(0.51).
  - Period: for the quarter ended June 30, 2023
  - Revenue: Interest income of $18.3 million
  - Net income: Net loss attributable to common stockholders of $(12.0) million
  - EPS: a loss of $(0.51)
  - Result: reported results
  source text: Act of 1934, as amended. --- EX-99.1 (EX-99.1) --- GREAT AJAX CORP. ANNOUNCES RESULTS FOR THE QUARTER ENDED JUNE 30, 2023 Second Quarter Highlights • Interest income of $18.3 million; net interest income of $3.3 million • Net loss attributable to common stockholders of $(12.0) million • Operating loss of $(2.5) million • Earnings per share ("EPS") per basic
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614806/000162828023027269/0001628280-23-027269-index.htm

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