---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-036415"
form_type: "8-K"
ticker: "RPT"
cik: "0001614806"
company_name: "Rithm Property Trust Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:27:35.789286+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Great Ajax reports Q3 net loss of $6.1M, book value down; terminates Ellington merger, starts strategic review

## Summary
- Q3 GAAP net loss $(6.1)M ($(0.25)/share); operating loss $(2.3)M ($(0.09)/share).
- Book value per share fell to $11.07 from $11.86 in Q2; net interest income $3.0M.
- Merger with Ellington Financial terminated Oct 20; Ellington paid $16M and bought 1.67M shares at $6.60.
- Formed two JVs acquiring $325.3M UPB of mortgage loans; retained $57.9M in debt securities.
- Dividend reduced to $0.11/share payable Nov 30; board engaged Piper Sandler to explore strategic alternatives.

## SEC filing metadata
- accession: 0001628280-23-036415
- form_type: 8-K
- ticker: RPT
- cik: 0001614806
- company_name: Rithm Property Trust Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614806/000162828023036415/0001628280-23-036415-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614806/000162828023036415/ajx-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-036415
- JSON: https://secwatch.observer/filing/0001628280-23-036415.json
- Plain text: https://secwatch.observer/filing/0001628280-23-036415.txt

## Key facts
- Earnings Releases
  Rithm Property Trust Inc. reported third quarter ended September 30, 2023 results: revenue Interest income of $17.9 million; net interest income of $3.0 million, net income Net loss attributable to common stockholders of $(6.1) million, EPS loss of $(0.25).
  - Period: third quarter ended September 30, 2023
  - Revenue: Interest income of $17.9 million; net interest income of $3.0 million
  - Net income: Net loss attributable to common stockholders of $(6.1) million
  - EPS: loss of $(0.25)
  - Result: reported results
  source text: --- EX-99.1 (EX-99.1) --- GREAT AJAX CORP. ANNOUNCES RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2023; PROVIDES STRATEGIC UPDATE Third Quarter Highlights • Interest income of $17.9 million; net interest income of $3.0 million • Net loss attributable to common stockholders of $(6.1) million • Operating loss of $(2.3) million • Earnings per share ("EPS") per basic
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614806/000162828023036415/0001628280-23-036415-index.htm

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