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Rithm Property Trust Inc. (RPT)


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Upturn Advisory Summary
10/15/2025: RPT (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $3.5
1 Year Target Price $3.5
2 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -23.19% | Avg. Invested days 30 | 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 109.01M USD | Price to earnings Ratio 21.82 | 1Y Target Price 3.5 |
Price to earnings Ratio 21.82 | 1Y Target Price 3.5 | ||
Volume (30-day avg) 3 | Beta 1.41 | 52 Weeks Range 2.19 - 3.27 | Updated Date 10/17/2025 |
52 Weeks Range 2.19 - 3.27 | Updated Date 10/17/2025 | ||
Dividends yield (FY) 9.88% | Basic EPS (TTM) 0.11 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-10-21 | When After Market | Estimate 0.02 | Actual - |
Profitability
Profit Margin -120.79% | Operating Margin (TTM) 41.01% |
Management Effectiveness
Return on Assets (TTM) -0.8% | Return on Equity (TTM) -2.8% |
Valuation
Trailing PE 21.82 | Forward PE - | Enterprise Value 773358784 | Price to Sales(TTM) 19.91 |
Enterprise Value 773358784 | Price to Sales(TTM) 19.91 | ||
Enterprise Value to Revenue 270.57 | Enterprise Value to EBITDA - | Shares Outstanding 45420752 | Shares Floating 32534885 |
Shares Outstanding 45420752 | Shares Floating 32534885 | ||
Percent Insiders 1.17 | Percent Institutions 74.11 |
Upturn AI SWOT
Rithm Property Trust Inc.
Company Overview
History and Background
Rithm Property Trust Inc. (formerly New Residential Investment Corp.) was founded in 2011. It operates as a real estate investment trust (REIT), focusing on investments in residential mortgage-related assets. It has evolved over time to adapt to changing market conditions and expand its investment portfolio.
Core Business Areas
- Residential Lending: Origination and servicing of mortgage loans.
- Servicing: Rithm has a large mortgage servicing portfolio, generating income from servicing fees.
- Real Estate: Investments in single-family rentals and other real estate assets.
- MSR Investments: Mortgage Servicing Rights - contractual right to service a pool of mortgages.
Leadership and Structure
Michael Nierenberg is the Chairman, President and CEO. The company has a board of directors and operates through various subsidiaries.
Top Products and Market Share
Key Offerings
- Mortgage Servicing Rights (MSRs): Contractual right to service a pool of mortgages. Rithm is a major player in the MSR market, but precise market share data is difficult to ascertain as the market is fragmented. Competitors include PennyMac Financial Services (PFSI), Mr. Cooper Group (COOP), and Lakeview Loan Servicing.
- Residential Mortgage Loans: Origination and servicing of residential mortgage loans. Rithm originates and purchases various types of mortgage loans. Market share fluctuates. Competitors include major banks and other mortgage REITs.
- Single-Family Rentals: Rithm invests in single-family rental properties. Precise market share unavailable. Competitors include Invitation Homes (INVH) and American Homes 4 Rent (AMH).
Market Dynamics
Industry Overview
The real estate investment trust (REIT) industry is influenced by interest rates, housing market trends, and economic conditions. Changes in monetary policy and regulatory environments can significantly impact REIT performance.
Positioning
Rithm is positioned as a diversified REIT, but highly exposed to residential mortgages and MSRs. Its size and diversification provide some competitive advantages, but it is also vulnerable to interest rate volatility.
Total Addressable Market (TAM)
The Total Addressable Market (TAM) for mortgage servicing rights and mortgage lending is in the trillions. Rithm's position is significant but it is only a small fraction of the entire market.
Upturn SWOT Analysis
Strengths
- Diversified portfolio
- Experienced management team
- Significant scale in MSR market
- Strong servicing platform
Weaknesses
- High sensitivity to interest rate changes
- Exposure to mortgage credit risk
- Complex business model
- Reliance on external financing
Opportunities
- Growing demand for rental housing
- Increasing MSR market consolidation
- Expansion into new mortgage products
- Strategic acquisitions
Threats
- Rising interest rates
- Economic downturn
- Increased regulatory scrutiny
- Increased competition
Competitors and Market Share
Key Competitors
- AGNC Investment Corp. (AGNC)
- Annaly Capital Management Inc. (NLY)
- PennyMac Financial Services (PFSI)
Competitive Landscape
Rithm competes with other REITs for investment opportunities. Its competitive advantage lies in its diversified portfolio and experienced management team. However, it faces competition from larger, more established REITs.
Major Acquisitions
Genesis Capital
- Year: 2020
- Acquisition Price (USD millions): 133
- Strategic Rationale: Expanded Rithm's presence in the residential lending market.
Growth Trajectory and Initiatives
Historical Growth: Growth has been driven by acquisitions and expansion of its mortgage portfolio.
Future Projections: Future growth is expected to depend on the company's ability to navigate interest rate fluctuations and capitalize on market opportunities.
Recent Initiatives: Recent initiatives include strategic acquisitions and investments in new mortgage products.
Summary
Rithm Property Trust is a diversified REIT with a focus on mortgage-related assets. Its strengths lie in its diversified portfolio and experienced management, but it faces challenges due to interest rate sensitivity and credit risk. Strategic acquisitions and market consolidation present opportunities, while rising interest rates and economic downturns pose threats. Overall it is a medium strength company that needs to be wary of interest rate increases.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Analyst reports
- Industry publications
- Company website
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market share data are estimates and may not be precise.
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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