Rithm Property Trust Inc. — fact timeline

Rithm Property Trust Inc. shareholders approved Approval of Rithm Property Trust Inc. 2026 Omnibus Incentive Plan at the 2026-06-02 meeting.

“The Company’s stockholders approved the Rithm Property Trust Inc. 2026 Omnibus Incentive Plan.”

Rithm Property Trust Inc. shareholders rejected Non-binding advisory vote on executive compensation at the 2026-06-02 meeting.

“The Company’s stockholders did not approve (on a non-binding advisory basis) the compensation of the Company’s named executive officers as described in the Company’s Proxy Statement.”

Rithm Property Trust Inc. shareholders approved Ratification of appointment of Ernst & Young LLP as independent auditor at the 2026-06-02 meeting.

“The Company’s stockholders ratified the appointment of Ernst & Young LLP to serve as independent registered public accounting firm for the Company for the fiscal year ending December 31, 2026.”

Rithm Property Trust Inc. shareholders voted on Election of four directors at the 2026-06-02 meeting.

“The Company’s stockholders elected four (4) Directors to serve until the 2027 annual meeting of stockholders and until their successors are elected and duly qualified.”

Rithm Property Trust Inc. reported first quarter ended March 31, 2026 results: net income $(3.2) million, EPS $(0.42) per diluted common share.

“GAAP comprehensive loss of $(3.2) million, or $(0.42) per diluted common share”

Rithm Property Trust Inc.: Filing of Articles of Amendment for 1-for-6 reverse stock split and subsequent par value adjustment (effective 2025-12-30).

“On December 30, 2025, the Company filed two Articles of Amendment to its charter with the State Department of Assessments and Taxation of Maryland”

Rithm Property Trust Inc. completed an acquisition involving Paramount Group Operating Partnership LP for aggregate cash capital contributions to the Aggregators in the amount of $50.0 million (closed 2025-12-19).

“nterest (the “ RPT PGRE Investment ”) in Paramount Group Operating Partnership LP, a Delaware limited partnership (“ PG Operating Partnership ”), which through its affiliates and joint ventures owns a portfolio (the “ Portfolio ”)”

Mary Doyle resigned as principal financial officer and principal accounting officer at Rithm Property Trust Inc..

“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.”

Nicola Santoro Jr. was appointed as Chief Financial Officer and Chief Accounting Officer at Rithm Property Trust Inc..

“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.”

Rithm Property Trust Inc.: Adopted Third Amended and Restated Bylaws, effective immediately, deleting certain outdated references and making clarifying changes relating to the designation of officers (effective 2025-04-18).

“On April 18, 2025, the Board of Directors of Rithm Property Trust Inc. (the “Company”) adopted the Company’s Third Amended and Restated Bylaws (the “Amended Bylaws”), effective immediately. The Amended Bylaws deleted certain outdated references and made certain clarifying changes relating to the designation of the Company’s officers .”

Rithm Property Trust Inc. engaged Ernst & Young LLP as its auditor.

“(b) Appointment of New Independent Registered Public Accounting Firm On March 10, 2025, following a thorough evaluation, the Audit Committee approved, and the Board affirmed, the engagement of Ernst & Young LLP (“EY”) as its new independent registered public accounting firm for the fiscal year ending December 31, 2025, subject to completion of EY’s standard client acceptance process to”

Rithm Property Trust Inc. dismissed Moss Adams LLP as its auditor.

“(a) Dismissal of Independent Registered Public Accounting Firm On March 7, 2025, the Audit Committee (the “Audit Committee”) of the Board of Directors (the “Board”) of Rithm Property Trust Inc. (the “Company”) approved the decision to change its independent registered public accounting firm and dismissed Moss Adams LLP (“Moss Adams”) as its independent registered public accounting firm, effective immediately.”

Rithm Property Trust Inc.: Filed Articles Supplementary designating 2,300,000 shares of Series C Preferred Stock with specified preferences and rights (effective 2025-03-03).

“On March 3, 2025, the Company filed Articles Supplementary to the Company’s Articles of Amendment and Restatement (the “Articles Supplementary”) with the State of Assessments and Taxation of the State of Maryland to classify and designate 2,300,000 shares of the Company’s authorized but unissued preferred stock as shares of the Series C Preferred Stock”

Rithm Property Trust Inc.: Adopted Second Amended and Restated Bylaws to reflect corporate name change to Rithm Property Trust Inc (effective 2024-12-02).

“In connection with its name change, the Company’s board of directors adopted the Second Amended and Restated Bylaws to reflect the corporate name Rithm Property Trust Inc., also effective on December 2, 2024.”

Rithm Property Trust Inc.: Changed corporate name from Great Ajax Corp. to Rithm Property Trust Inc. via Articles of Amendment (effective 2024-12-02).

“On December 2, 2024, Rithm Property Trust Inc. (the “Company”) filed Articles of Amendment to its charter with the Secretary of State of the State of Maryland to change its corporate name from Great Ajax Corp. to Rithm Property Trust Inc., effective December 2, 2024.”

Mary B. Doyle resigned as Chief Financial Officer at Rithm Property Trust Inc..

“In connection with the closing of the Transaction, Mary B. Doyle resigned from her position as Chief Financial Officer of the Company.”

Michael Nierenberg was appointed as Director at Rithm Property Trust Inc..

“one member, Michael Nierenberg, that was nominated by Rithm”

Daniel Hoffman was elected as Director at Rithm Property Trust Inc..

“one member, Daniel Hoffman, that is a newly elected independent director of the Company”

Michael Nierenberg was appointed as Chief Executive Officer at Rithm Property Trust Inc..

“the Company appointed Michael Nierenberg to serve as its Chief Executive Officer.”

Lawrence A. Mendelsohn resigned as Chief Executive Officer at Rithm Property Trust Inc..

“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.”

Rithm Property Trust Inc. reported the quarter ended March 31, 2024 results: net income $(74.3) million, EPS $(2.41).

“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”

Rithm Property Trust Inc. reported quarter ended March 31, 2024 results: net income GAAP consolidated net loss attributable to common stockholders of between $(58.7) million or $(1.90) per common share an, EPS between $(1.90) and $(2.06) per common share.

“For the quarter ended March 31, 2024, Great Ajax estimates a GAAP consolidated net loss attributable to common stockholders of between $(58.7) million or $(1.90) per common share and $(63.2) million or $(2.06) per common share compared to $(23.2) million or $(0.86) per common share for the quarter ended December 31, 2023.”

Rithm Property Trust Inc. terminated At-the-Market Issuance Sales Agreements with Raymond James & Associates, Inc. (effective 2024-03-15).

“On March 15, 2024, the Company sent termination notices to JMP Securities LLC and Raymond James & Associates, Inc., which acted as its sales agents pursuant to those certain At-the-Market Issuance Sales Agreements, each entered into on August 20, 2021.”

Rithm Property Trust Inc. terminated At-the-Market Issuance Sales Agreements with JMP Securities LLC (effective 2024-03-15).

“On March 15, 2024, the Company sent termination notices to JMP Securities LLC and Raymond James & Associates, Inc., which acted as its sales agents pursuant to those certain At-the-Market Issuance Sales Agreements, each entered into on August 20, 2021.”

Rithm Property Trust Inc. entered into At-the-Market Issuance Sales Agreement with BTIG, LLC valued at up to $100 million (effective 2024-03-15).

“On March 15, 2024, Great Ajax Corp., a Maryland corporation (the “Company”), entered into an Amended and Restated At-the-Market Issuance Sales Agreement with B. Riley Securities, Inc., amending and restating the At-the-Market Issuance Sales Agreement the parties previously entered into on August 20, 2021, and an At-the-Market Issuance Sales Agreement (together, the “Agreements”) with BTIG, LLC, both as the Company’s sales agents (together, the “Agents”).”

Rithm Property Trust Inc. entered into Amended and Restated At-the-Market Issuance Sales Agreement with B. Riley Securities, Inc. valued at up to $100 million (effective 2024-03-15).

“On March 15, 2024, Great Ajax Corp., a Maryland corporation (the “Company”), entered into an Amended and Restated At-the-Market Issuance Sales Agreement with B. Riley Securities, Inc., amending and restating the At-the-Market Issuance Sales Agreement the parties previously entered into on August 20, 2021, and an At-the-Market Issuance Sales Agreement (together, the “Agreements”) with BTIG, LLC, both as the Company’s sales agents (together, the “Agents”).”

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).

“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)”

Rithm Property Trust Inc. incurred term loan of up to $70.0 million with NIC RMBS LLC at 10.0% per annum maturing February 25, 2025.

“The Credit Agreement provides, subject to certain conditions, for a delayed draw term loan facility (the “Facility”), in an aggregate amount of up to $70.0 million. The Facility matures on February 25, 2025. Outstanding loans under the Facility will accrue interest at a rate equal to 10.0% per annum.”

Rithm Property Trust Inc. entered into Form of Warrant Agreement with Equiniti Trust Company (effective 2024-02-26).

“In connection with the Warrant Issuance, the Company will enter into a warrant agreement with Equiniti Trust Company (the “Form of Warrant Agreement”), in its capacity as the Company’s warrant agent ("Warrant Agent"), in the form attached to the Purchase Agreement, pursuant to which the Warrant Agent agrees to act as the warrant agent in connection with, among other things, the issuance, registration, transfer and exercise of the Warrants.”

Rithm Property Trust Inc. entered into Purchase Agreement with Rithm valued at gross proceeds of approximately $14.0 million (effective 2024-02-26).

“On February 26, 2024, the Company, Great Ajax Operating Partnership L.P., the Company’s operating partnership (the “Operating Partnership”), and the Manager entered into a securities purchase agreement (the “Purchase Agreement”) with Rithm.”

Rithm Property Trust Inc. entered into Credit Agreement with NIC RMBS LLC, an affiliate of Rithm valued at up to $70.0 million (effective 2024-02-26).

“On February 26, 2024, the Company entered into a Credit Agreement (the “Credit Agreement”) with NIC RMBS LLC, an affiliate of Rithm, as sole lender, administrative agent and collateral agent.”

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).

“--- 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”

Rithm Property Trust Inc. entered into Purchase Agreement with Ellington Financial Inc. valued at approximately $11.0 million (effective 2023-10-20).

“On October 20, 2023, Great Ajax Corp. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with Ellington Financial Inc. (“EFC”), pursuant to which the Company agreed to sell and issue to EFC, in a registered direct offering (the “Registered Offering”), an aggregate of 1,666,666 shares of common stock, $0.01 par value per share, of the Company, at a purchase price per share of $6.60 (the “Shares”).”

Rithm Property Trust Inc. terminated Termination Agreement with Ellington Financial Inc. valued at $16 million (effective 2023-10-20).

“On October 20, 2023, Great Ajax and EFC entered into a Termination Agreement (the “Termination Agreement”) pursuant to which, among other things, Great Ajax and EFC mutually agreed to terminate the Merger Agreement”

Rithm Property Trust Inc. reported for the quarter ended June 30, 2023 results: revenue Interest income of $18.3 million, net income Net loss attributable to common stockholders of $(12.0) million, EPS a loss of $(0.51).

“Act of 1934, as amended. --- EX-99.1 (EX-99.1) --- GREAT AJAX CORP. ANNOUNCES RESULTS FOR THE QUARTER ENDED JUNE 30, 2023 Second Quarter Highlights • Interest income of $18.3 million; net interest income of $3.3 million • Net loss attributable to common stockholders of $(12.0) million • Operating loss of $(2.5) million • Earnings per share ("EPS") per basic”

Rithm Property Trust Inc. entered into Agreement and Plan of Merger with Great Ajax Corp., Ellington Financial Inc., EF Acquisition I LLC (effective 2023-06-30).

“On June 30, 2023, Great Ajax Corp., a Maryland corporation (“Great Ajax”), Ellington Financial Inc., a Delaware corporation (“EFC”) and EF Acquisition I LLC, a Maryland limited liability company and a direct, wholly-owned subsidiary of EFC (“Merger Sub”) entered into an Agreement and Plan of Merger (the “Merger Agreement”)”

Rithm Property Trust Inc. reported the quarter ended March 31, 2023 results: revenue $540, net income Net loss attributable to common stockholders of $(7.9) million, EPS $(0.34) per common share.

“loss from equity method investments and loss on joint venture refinancing on beneficial interests $ (3,612) $ (3,744) $ (65) $ (3,918) $ (3,613) Total revenue, net (1,3) $ 540 $ 1,375 $ 10,522 $ 8,768 $ 14,971 Consolidated net (loss)/income (1) $ (7,364) $ (6,283) $ (9,503) $ (4,781) $ 5,631 Net (loss)/income per basic share $ (0.34) $ (0.30) $ (0.71) $”

Rithm Property Trust Inc. reported the quarter ended December 31, 2022 results: revenue $18.4 million, net income $(6.8) million, EPS $(0.30).

“Interest income of $18.4 million; net interest income of $4.0 million • Net loss attributable to common stockholders of $(6.8) million • Earnings per share ("EPS") per basic common share of $(0.30)”

Rithm Property Trust Inc. reported the quarter ended September 30, 2022 results: net income $(16.2) million, EPS $(0.71).

“Third Quarter Highlights • Interest income of $20.0 million; net interest income of $8.7 million • Net loss attributable to common stockholders of $(16.2) million • Earnings per share ("EPS") per basic common share of $(0.71)”