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Rithm Property Trust Inc. (RPT)



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Upturn Advisory Summary
08/14/2025: RPT (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -32.51% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 119.92M USD | Price to earnings Ratio 32.01 | 1Y Target Price - |
Price to earnings Ratio 32.01 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta - | 52 Weeks Range 2.24 - 3.57 | Updated Date 06/18/2025 |
52 Weeks Range 2.24 - 3.57 | Updated Date 06/18/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.28 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) -879.69% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding 45000000 | Shares Floating - |
Shares Outstanding 45000000 | Shares Floating - | ||
Percent Insiders - | Percent Institutions - |
Upturn AI SWOT
Rithm Property Trust Inc.
Company Overview
History and Background
Rithm Property Trust Inc., formerly known as New Residential Investment Corp., was founded in 2011. It focuses on investing in and managing assets related to residential real estate, mortgages, and related financial instruments. The company has grown through acquisitions and strategic investments, evolving into a diversified real estate investment trust (REIT). In 2022, they changed their name to Rithm Property Trust Inc.
Core Business Areas
- Residential Lending: Originates, acquires, and services mortgage loans, including both traditional and non-traditional mortgages.
- Servicing Related Investments: Invests in mortgage servicing rights (MSRs) and related assets.
- Real Estate Securities: Invests in various real estate securities, including agency and non-agency residential mortgage-backed securities (RMBS).
- Single Family Rentals: Owns and operates single family rental properties.
Leadership and Structure
Michael Nierenberg serves as Chairman, President, and Chief Executive Officer. The company operates as a REIT with a Board of Directors overseeing management and strategy. The structure is typical of a publicly traded REIT, with various departments handling investment, finance, and operations.
Top Products and Market Share
Key Offerings
- Mortgage Servicing Rights (MSRs): Rithm is a significant player in the MSR market. While precise market share data is dynamic and not readily available, they are among the largest non-bank holders of MSRs. Competitors include other large non-bank servicers like PennyMac Financial Services (PFSI), Mr. Cooper Group (COOP), and Lakeview Loan Servicing.
- Residential Mortgage Loans: Rithm originates and invests in residential mortgage loans. Market share data varies by loan type (e.g., conforming, non-QM). Competitors include large mortgage lenders like Rocket Companies (RKT) and United Wholesale Mortgage (UWMC).
- Single Family Rentals: Rithm owns and operates a portfolio of single-family rental homes. Competitors include Invitation Homes (INVH) and American Homes 4 Rent (AMH).
Market Dynamics
Industry Overview
The residential mortgage and real estate market is influenced by interest rates, economic growth, and housing demand. REITs operate within this landscape, navigating regulatory changes and market cycles.
Positioning
Rithm positions itself as a diversified REIT with exposure to various segments of the residential real estate market. Its competitive advantage lies in its scale and diversified portfolio, allowing it to generate returns across different market conditions.
Total Addressable Market (TAM)
The TAM for residential mortgages and real estate is in the trillions of dollars. Rithm is positioned to capture a portion of this TAM through its lending, servicing, and investment activities.
Upturn SWOT Analysis
Strengths
- Diversified portfolio across mortgage origination, servicing, and real estate securities
- Experienced management team
- Significant scale and market presence
- Access to capital markets
Weaknesses
- Sensitivity to interest rate fluctuations
- Exposure to credit risk in mortgage portfolios
- Complexity of managing a diversified portfolio
- Reliance on external funding
Opportunities
- Expansion into new mortgage-related asset classes
- Growth in the single-family rental market
- Increased demand for non-QM loans
- Strategic acquisitions of complementary businesses
Threats
- Rising interest rates
- Economic recession and housing market downturn
- Increased regulatory scrutiny
- Competition from other REITs and financial institutions
Competitors and Market Share
Key Competitors
- PFSI
- COOP
- INVH
- AMH
- RKT
- UWMC
Competitive Landscape
Rithm faces competition from other REITs, mortgage servicers, and lenders. Its advantages include its scale and diversified portfolio. Disadvantages include sensitivity to interest rates and reliance on external funding.
Major Acquisitions
Genesis Capital
- Year: 2021
- Acquisition Price (USD millions): 451
- Strategic Rationale: Expanded Rithm's presence in the residential transitional lending market.
Growth Trajectory and Initiatives
Historical Growth: Rithm's historical growth has been driven by acquisitions and strategic investments in various mortgage-related assets.
Future Projections: Future growth projections depend on market conditions and the company's ability to execute its strategy. Analyst estimates vary.
Recent Initiatives: Recent initiatives include strategic acquisitions to expand its presence in key markets and asset classes and the rebrand to Rithm.
Summary
Rithm Property Trust is a diversified REIT in the residential real estate sector. Its strengths lie in its diverse portfolio and experienced management. However, it faces risks from fluctuating interest rates and credit risk. Strategic initiatives like acquisitions support growth, but the company must navigate a competitive and regulated market to maintain profitability.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Investor Relations
- Financial News Outlets
- Industry Reports
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor. Market share estimates are approximate and may vary. Financial data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Rithm Property Trust Inc.
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2015-02-13 | President, CEO & Director Mr. Michael Nierenberg | ||
Sector Real Estate | Industry REIT - Mortgage | Full time employees - | |
Full time employees - |
Rithm Property Trust Inc. operates as a mortgage real estate investment trust in the United States. It acquires re-performing and non-performing loans; acquires or originates commercial real estate assets, including senior loans, subordinated debt, mezzanine loans, preferred equity, SBC loans, commercial mortgage servicing rights, commercial real estate properties, CRT and SRT transactions, operating businesses, and other securities. The company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was formerly Great Ajax Corp. and changed its name to Rithm Property Trust Inc. in December 2024. The company was incorporated in 2014 and is based in New York, New York.

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