---
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"
generated_at: "2026-06-02T23:10:28.038753+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 $74.3M, operating loss $4.8M, book value drops to $6.87

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-020293
- JSON: https://secwatch.observer/filing/0001628280-24-020293.json
- Plain text: https://secwatch.observer/filing/0001628280-24-020293.txt

## Key facts
- Earnings Releases
  Rithm Property Trust Inc. reported the quarter ended March 31, 2024 results: net income $(74.3) million, EPS $(2.41).
  - Period: the quarter ended March 31, 2024
  - Net income: $(74.3) million
  - EPS: $(2.41)
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1614806/000162828024020293/0001628280-24-020293-index.htm

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