Rithm Property Trust reported GAAP comprehensive income of $645.0 thousand, or $0.08 per diluted common share, for the quarter ended June 30, 2026, and a book value per common share of $30.17. The company declared common dividends of $2.8 million, or $0.36 per common share, while reporting earnings available for distribution of $(46.0) thousand, or $(0.01) per diluted common share. Total assets were $928.7 million and stockholders’ equity totaled $284.8 million as of June 30, 2026.
Financial Highlights
- GAAP comprehensive income: $645.0 thousand; comprehensive income per diluted common share: $0.08 for Q2 2026.
- Book value per common share: $30.17 as of June 30, 2026 (based on 7,772,564 common shares outstanding).
- Common dividend: $2.8 million total; $0.36 per common share for the quarter.
- Earnings Available for Distribution (non-GAAP): $(46.0) thousand; per diluted common share: $(0.01) for Q2 2026.
- Balance sheet totals: Total assets $928.7 million; total stockholders’ equity $284.8 million as of June 30, 2026.
Business Highlights
- Portfolio composition: continued exposure to residential and commercial mortgage instruments, including residential mortgage loans held-for-investment and residential transition loans measured at fair value.
- Asset movements: held-to-maturity and available-for-sale security positions experienced realized and unrealized gains net of $2.959 million in the quarter.
- Financing structure: maintained a mix of secured bonds, repurchase financing agreements and unsecured notes to fund investment activities.
- Management and servicing: incurred related-party loan servicing and management fees consistent with ongoing external management arrangements.
Original SEC Filing:
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