Highest-materiality recent filing
Rithm Property Trust Q2 GAAP comprehensive income $645K, EAD negative; dividend maintained at $0.36
GAAP comprehensive income of $645K ($0.08/diluted share) vs Q1 loss of $3.2M ($0.42 loss).
Rithm Property Trust terminates proposed common stock offering and related acquisition
Terminated public offering of common stock announced July 13, 2026.
Public offering of common stock commenced; underwriters include Goldman Sachs, RBC, UBS, Wells Fargo, BTIG, KBW, Piper Sandler.
Stockholders approve 2026 Omnibus Incentive Plan; say-on-pay vote fails
Advisory vote on exec compensation failed: 1,395,661 for, 3,148,191 against, 1,594,031 broker non-votes.
Entered Flow MLPA to purchase multifamily residential transition loans originated by Genesis Capital.
Rithm Property Trust Q1 2026 GAAP loss of $3.2M ($0.42/share); EAD -$0.3M
GAAP comprehensive loss of $3.2M, or $0.42 per diluted share, versus prior quarter income of $2.5M ($0.33/share).
Rithm Property Trust Q4 GAAP comprehensive income $2.5M; full-year EAD negative $0.3M
Q4 2025 GAAP comprehensive income of $2.5M ($0.33/diluted share) vs Q3 loss of $0.4M.
Rithm Property Trust abandons planned equity raise and asset acquisition
In February 2026, Company considered a significant common equity raise to finance commercial mortgage asset acquisition.
Rithm Property Trust invests $50M for 3.9% minority stake in Paramount Group office portfolio
Acquired ~3.9% LP interests in Aggregators owning PG Operating Partnership for $50M cash; up to $7.5M additional contingent.
Rithm Property Trust completes 1-for-6 reverse stock split effective Dec 30, 2025
Shares outstanding reduced from 45,401,123 to ~7,566,853 at the Effective Time.
Rithm Property Trust invests $50M for ~3.9% indirect interest in Paramount Group office portfolio
Acquired ~3.9% limited partnership interest in Aggregators owning Paramount Group Operating Partnership for $50M cash on hand.
Rithm Property Trust approves 1-for-6 reverse stock split effective Dec 30
Board unanimously approved 1-for-6 reverse stock split; effective 5:00 p.m. ET on Dec 30, 2025.
Rithm Property Trust Q3 2025 comprehensive loss $0.4M, EPS $(0.01)
GAAP comprehensive loss of $0.4 million ($0.01 per diluted share) vs Q2 income of $1.4 million ($0.03).
Rithm Property Trust Q2 GAAP comprehensive income $1.4M; EAD falls to $0.1M
GAAP comprehensive income $1.4M ($0.03/diluted) vs $1.1M ($0.02) in Q1.
Rithm Property Trust 2025 annual meeting results: directors elected, share issuance approved
Four directors elected: Friedman, Haggerty, Hoffman, Nierenberg; Haggerty and Hoffman faced ~46% withhold votes.
Rithm Property Trust Q1 comprehensive income $0.02/share; appoints new CFO
GAAP comprehensive income $1.1M ($0.02/diluted share) vs Q4 $2.2M ($0.05); book value $5.40.
Rithm Property Trust amends bylaws to remove outdated references, clarify officer designations
Board adopted Third Amended and Restated Bylaws on April 18, 2025, effective immediately.
Rithm Property Trust dismisses Moss Adams, appoints EY as auditor
Audit Committee dismissed Moss Adams as independent auditor effective March 7, 2025.
Rithm Property Trust closes $50M preferred stock offering (2M shares, 9.875% fixed-to-floating rate)
Issued 2M shares of 9.875% Fixed-to-Floating Rate Series C Preferred Stock at $25 liquidation preference per share.
Rithm Property Trust Q4 GAAP net income $2.9M ($0.06/sh) vs Q3 loss of $8.0M
GAAP net income $2.9M ($0.06 diluted) compared to net loss $8.0M (-$0.18) in Q3 2024.
Great Ajax Corp. changes name to Rithm Property Trust Inc.; ticker becomes RPT
Effective Dec 2, 2024, company name changed from Great Ajax Corp. to Rithm Property Trust Inc.
Great Ajax posts Q3 net loss $8M ($0.18/sh); plans name change to Rithm Property Trust (RPT)
GAAP net loss $(8.0)M ($0.18 diluted EPS), improved from Q2 loss $(12.7)M ($0.32).
GAAP net loss $12.7M ($0.32/share); book value per share fell to $5.56 from $6.87.
Great Ajax closes strategic transaction with Rithm; CEO Mendelsohn replaced by Nierenberg
CEO Lawrence A. Mendelsohn resigned; Michael Nierenberg appointed as CEO effective June 11, 2024.
Great Ajax completes exchange transaction with Rithm; Rithm to replace manager
Stockholders approved issuance of common stock and warrant shares to Rithm in strategic transaction replacing current manager; 21.9M for, 7.0M against.
Great Ajax Q1 net loss $74.3M, operating loss $4.8M, book value drops to $6.87
GAAP net loss attributable to common stockholders of $74.3M ($2.41 loss per basic share); operating loss of $4.8M ($0.16/share).
Estimated GAAP net loss attributable to common stockholders of $(58.7M) to $(63.2M), or $(1.90) to $(2.06) per share.
Great Ajax announces final conversion rate of 1.7405 shares/$25 note ahead of April 30 maturity
Convertible notes mature on April 30, 2024; final conversion rate set at 1.7405 shares per $25 principal.
Great Ajax sets April 22 record date for May 20 meeting to vote on Rithm Capital transaction
Record date for 2024 stockholder meeting is April 22, 2024; meeting expected on May 20, 2024.
Great Ajax Corp. establishes $100M ATM equity program; terminates prior ATM agents
Entered Amended and Restated ATM Sales Agreement with B. Riley Securities for sale of up to $100M common stock.
Great Ajax enters strategic transaction with Rithm: $70M loan, management change, stock issuance
Credit facility of up to $70M from Rithm affiliate; matures Feb 2025, 10% interest.
Great Ajax Q4 net loss $23.2M, book value drops to $9.99, plans $330M loan sale at loss
Q4 net loss of $23.2M ($0.86 EPS); operating loss $1.8M ($0.07 EPS).
Q3 GAAP net loss $(6.1)M ($(0.25)/share); operating loss $(2.3)M ($(0.09)/share).
Great Ajax and Ellington Financial mutually terminate merger; EFC pays $16M
Mutual termination of merger agreement announced July 3, 2023, effective immediately.
Sold 1,666,666 shares of common stock at $6.60/share to Ellington Financial Inc. (EFC).
Great Ajax Q2 net loss $12M, book value $11.86; agrees to merger with Ellington Financial
Net loss attributable to common stockholders of $(12.0) million ($(0.51) per share); operating loss $(2.5) million ($(0.11) per share).
Great Ajax to be acquired by Ellington Financial at 0.5308 shares of EFC per AJX share, 19% premium
Exchange ratio 0.5308 implies offer price of $7.33 per AJX share, ~19% premium to June 30 close.
Great Ajax Q1 net loss $7.9M, EPS ($0.34); book value $12.58; dividend $0.20
Net loss attributable to common stockholders of $7.9M ($0.34 per share); operating loss $2.1M ($0.09 per share).
Great Ajax Q4 2022 net loss $6.8M; book value falls to $13.00 from $13.75
Net loss attributable to common stockholders of $(6.8)M, EPS $(0.30); operating loss $(1.3)M.
Great Ajax Q3 net loss $16.2M, EPS -$0.71; declares $0.27 dividend
Net loss attributable to common stockholders of $(16.2) million; GAAP EPS $(0.71) per basic share.
Great Ajax subsidiary closes $110M private offering of 8.875% senior notes due 2027
$110M aggregate principal, 8.875% coupon, maturity Sept 1, 2027.
Great Ajax Q2 2022 net loss $9.2M; book value down to $14.98 per share
Net loss attributable to common stockholders of $(9.2)M, or $(0.40) per basic share; operating income $5.7M ($0.25/share).
All eight director nominees elected; Lawrence Mendelsohn 16,071,070 FOR, J. Kirk Ogren 14,642,378 FOR.
Great Ajax Q1 net income $3.6M; book value $15.95; taxable income $0.49; declares $0.26 dividend
Net income attributable to common stockholders of $3.6M, or $0.15 diluted EPS; taxable income per share $0.49.
Great Ajax Q4 net income $7.4M, EPS $0.32; book value $15.92
Net income attributable to common stockholders $7.4M, basic EPS $0.32; total revenue $19.4M.
Great Ajax declares $0.10 special dividend payable Jan 25, 2022
Special cash dividend of $0.10 per common share declared.
Great Ajax Q3 net income $9.3M ($0.40 EPS); book value $16.00; agrees to acquire $350.9M NPL pool
Net income attributable to common stockholders $9.3M ($0.40 basic EPS); book value per common share $16.00 vs $15.86 prior quarter.
Great Ajax Corp. establishes $100M ATM equity offering program
Entered ATM sales agreements with B. Riley, JMP, Raymond James for up to $100M common stock.
Great Ajax Q2 net income $10.4M, EPS $0.45; book value $15.86; forms four JVs with $1.4B UPB
Net income attributable to common stockholders $10.4M vs $7.0M prior quarter; basic EPS $0.45.
Effective upon Mr. Santoro’s appointment, Ms. Mary Doyle has resigned as the Company’s principal financial officer and principal accounting officer and her consulting agreement with the Manager has terminated.
The Board of Directors of Rithm Property Trust Inc. (the “Company”) approved the appointment of Nicola Santoro, Jr. as the Company’s Chief Financial Officer and Chief Accounting Officer, effective as of April 28, 2025.
On June 11, 2024, in connection with the closing of the Transaction, Lawrence A. Mendelsohn resigned from his position as Chief Executive Officer of the Company, and the Company appointed Michael Nierenberg to serve as its Chief Executive Officer.
In connection with the closing of the Transaction, Mary B. Doyle resigned from her position as Chief Financial Officer of the Company.
the Company appointed Michael Nierenberg to serve as its Chief Executive Officer.
one member, Michael Nierenberg, that was nominated by Rithm
one member, Daniel Hoffman, that is a newly elected independent director of the Company
Max materiality 0.90 · Median 0.65 · Most common event earnings