---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-006978"
form_type: "8-K"
ticker: "RPT"
cik: "0001614806"
company_name: "Rithm Property Trust Inc."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T11:58:46.483486+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Great Ajax Q4 net loss $23.2M, book value drops to $9.99, plans $330M loan sale at loss

## Summary
- Q4 net loss of $23.2M ($0.86 EPS); operating loss $1.8M ($0.07 EPS).
- Book value per common share fell to $9.99 from $11.07 in Q3 2023.
- Recorded $13.7M write-down on beneficial interests and $8.6M mark-to-market loss on NPLs held for sale.
- Marketing $330M UPB loans for sale; expects ~$10M loss per $100M sold.
- Announced strategic transaction with Rithm; proceeding with annual/special stockholder meeting.

## SEC filing metadata
- accession: 0001628280-24-006978
- form_type: 8-K
- ticker: RPT
- cik: 0001614806
- company_name: Rithm Property Trust Inc.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614806/000162828024006978/0001628280-24-006978-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614806/000162828024006978/ajx-20240226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-006978
- JSON: https://secwatch.observer/filing/0001628280-24-006978.json
- Plain text: https://secwatch.observer/filing/0001628280-24-006978.txt

## Key facts
- Earnings Releases
  Rithm Property Trust Inc. reported the quarter ended December 31, 2023 results: revenue interest income of $17.7 million, net income Net loss attributable to common stockholders of $(23.2) million, EPS loss of $(0.86).
  - Period: the quarter ended December 31, 2023
  - Revenue: interest income of $17.7 million
  - Net income: Net loss attributable to common stockholders of $(23.2) million
  - EPS: loss of $(0.86)
  - Result: reported results
  source text: Interest income of $17.7 million; net interest income of $3.2 million • Net loss attributable to common stockholders of $(23.2) million • Operating loss of $(1.8) million • Earnings per share ("EPS") per basic common share was a loss of $(0.86)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614806/000162828024006978/0001628280-24-006978-index.htm

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