RPT Stock Recent News

Rithm Property Trust Inc.'s new Series C Fix/Float Cumulative Preferred Stock offers a 9.875% fixed dividend until 2030, then a floating rate based on SOFR. RPT-C is trading at $25.25 with a current yield of 9.78% and a yield to call of 10.15%, but may adjust to a lower rate post-2030. RPT-C's yield is offering lower distribution than similar preferred stocks from Rithm Capital Corp., while being more prone to eventual price downticks.

NEW YORK--(BUSINESS WIRE)--Rithm Property Trust Inc. (NYSE: RPT, “RPT” or the “Company”) today announced the sale of an additional 84,232 shares of the Company's 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) pursuant to the partial exercise of the over-allotment option granted to the underwriters of its previously announced public offering, for additional gross proceeds of $2,105,800, before deducting underwriting discounts and off.

We take a look at the action in preferreds and baby bonds through the first week of March and highlight some of the key themes we are watching. Most preferreds sectors declined due to rising Treasury yields and wider spreads, reflecting weaker risk sentiment and lower equity prices. PennyMac Mortgage Investment Trust issued a new 9% 2030 bond, trading at an 8.35% yield, offering a stable book value profile.

NEW YORK--(BUSINESS WIRE)--Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE: RPT, “RPT” or the “Company”) announced today that its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) has been approved for listing on the New York Stock Exchange under the symbol “RPT PRC”. Trading is expected to commence on March 12, 2025. This press release does not constitute an offer to sell or the solicitation of an offer to buy the.

NEW YORK--(BUSINESS WIRE)--Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE: RPT, “RPT” or the “Company”) announced today the commencement of a public offering of shares of the Company's Series C Fixed-to-Floating Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) with a $25.00 per share liquidation preference. In connection with the offering, the Company expects to grant the underwriters an option for a period of 30 days to purchase additional shares of.

Rithm Property Trust Inc. (NYSE:RPT ) Q4 2024 Results Conference Call January 30, 2025 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - President and Chief Executive Officer Conference Call Participants Tom Catherwood - BTIG Jason Stewart - Janney Stephen Laws - Raymond James Doug Harter - UBS Operator Thank you for standing by. My name is Ian, and I will be your conference operator today.

NEW YORK--(BUSINESS WIRE)--Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE: RPT, “Rithm Property Trust” or the “Company”) today announced the following financial results for the quarter ended December 31, 2024. Fourth Quarter Financial Highlights: GAAP net income attributable to common stockholders of $2.9 million, or $0.06 per diluted share1 Earnings available for distribution of $0.3 million or $0.01 per diluted common share1,2 Book value per common share of $5.44 at Dece.

NEW YORK--(BUSINESS WIRE)--Rithm Property Trust (NYSE:RPT, “RPT” or the “Company”) today announced the tax treatment of its 2024 common stock distributions. Common Stock Dividends During 2024, Rithm Property Trust's common stock (CUSIP #38983D300) distributions were $0.28000 per share and the distributions consisted of a return of capital. The following table summarizes the tax treatment for 2024 common stock distributions.   Record Date Pay Date Form Ordinary Dividend Qualified Dividend Sectio.

NEW YORK--(BUSINESS WIRE)--Rithm Property Trust Inc. (NYSE: RPT, “Rithm Property Trust” or the “Company”) announced today that it will release its fourth quarter 2024 financial results for the period ended December 31, 2024 on Thursday, January 30, 2025 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Thursday, January 30, 2025 at 8:00 A.M. Eastern Time. A copy of the earnings release will be posted to the News & Events – Press Rele.

JERICHO, N.Y., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE: KIM) a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, announced today the 2024 tax treatment of RPT Realty Series D Cumulative Convertible Preferred investor's dividend distributions. The allocations as they will be reported on Form 1099-DIV are as follows: