{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-020293","form_type":"8-K","ticker":"RPT","cik":"0001614806","company_name":"Rithm Property Trust Inc.","filed_at":"2024-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.259700+00:00","generated_at":"2026-06-02T23:10:28.038753+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Great Ajax Q1 net loss $74.3M, operating loss $4.8M, book value drops to $6.87","bullets":["GAAP net loss attributable to common stockholders of $74.3M ($2.41 loss per basic share); operating loss of $4.8M ($0.16/share).","Net interest income $1.6M, down from $3.2M in Q4 2023; total revenue loss of $49.4M.","Book value per common share fell to $6.87 from $9.99 at Dec 31, 2023.","Accrued $15.5M manager termination fee ($0.50/share); moved $421.6M UPB loans to held-for-sale, recording $47.3M mark-to-market loss.","Repaid $103.5M of 2024 Convertible Notes at maturity on April 30, 2024; cash held $100.1M at March 31."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-020293","json":"https://secwatch.observer/filing/0001628280-24-020293.json","markdown":"https://secwatch.observer/filing/0001628280-24-020293.md","text":"https://secwatch.observer/filing/0001628280-24-020293.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1614806/000162828024020293/0001628280-24-020293-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1614806/000162828024020293/ajx-20240503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T23:10:28.038753+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"95f7eaa4d3257dbfe65b6c57ddbbc13d597aff17","claim":"Rithm Property Trust Inc. reported the quarter ended March 31, 2024 results: net income $(74.3) million, EPS $(2.41).","evidence_excerpt":"For the quarter ended March 31, 2024, we had a GAAP consolidated net loss attributable to common stockholders of $(74.3) million or $(2.41) per common share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1614806/000162828024020293/0001628280-24-020293-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"$(74.3) million"},{"label":"EPS","value":"$(2.41)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}