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Rithm Property Trust Inc.

Company price
11.525 USD 0.53 ( 4.77%)
Last update at 2026-11-09T18:04:00Z
VOLUME
13410
Market Cap
1160.38M
P/E
24.33

Momentum Score

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RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (the NYSE). The common shares of the Company, par value $0.01 per share (the common shares) are listed and traded on the NYSE under the ticker symbol RPT. As of September 30, 2023, the Company's property portfolio (the aggregate portfolio) consisted of 43 wholly-owned shopping centers, 13 shopping centers owned through its grocery-anchored joint venture, and 49 retail properties owned through its net lease joint venture, which together represent 14.9 million square feet of gross leasable area (GLA). As of September 30, 2023, the Company's pro-rata share of the aggregate portfolio was 93.5% leased.

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Day Price Range
11.10
Low
11.53
High
52 Week Price Range
8.27
Low
13.79
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Rithm Property Trust is a publicly traded real estate investment trust that owns and operates a portfolio of U.S. residential rental properties and related housing assets. Long-term growth may be supported by sustained demand for rental housing, potential rental-rate appreciation, and operational scale from active portfolio management, which could support recurring cash flow and distributions.

Principal risks include sensitivity to interest rates and financing conditions, cyclical property markets and rental demand, tenant credit and turnover, and geographic concentration and execution risk tied to acquisitions and capital access.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
11.00
Dividend Yield
4.26%
Revenue TTM
213.82M
Revenue Per Share
2.50
Gross Profit TTM
157.72M
Debt / Equity
0.94
ROE
5.90%
Net Debt
901.96M
ROCE
1.98%
Diluted EPS TTM
0.54

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 85.78M 70.18M -10.50M 93.86M 18.23M
Minority interest -1.61M 1.62M -0.24M 2.17M 0.42M
Net income 84.05M 68.64M -10.47M 91.51M 17.62M
Selling general administrative 36.70M 32.33M 25.80M 29.91M 33.86M
Gross profit 150.95M 145.21M 127.75M 162.58M 187.33M
Reconciled depreciation 79.46M 72.25M 77.21M 71.89M 87.33M
Ebit 37.49M 44.39M 26.70M 54.02M 71.70M
Ebitda 116.94M 116.64M 103.75M 133.28M 159.02M
Depreciation and amortization 79.46M 72.25M 77.06M 79.26M 87.33M
Non operating income net other 2.57M -4.54M 2.12M 79.90M 9.41M
Operating income 37.49M 44.39M 26.70M 54.02M 52.26M
Other operating expenses 182.86M 172.86M 166.98M 180.07M 194.48M
Interest expense 35.59M 37.02M 39.32M 40.06M 43.44M
Tax provision 0.12M -0.09M -0.03M 0.18M 0.20M
Interest income 34.43M 33.03M 37.73M 39.24M 42.85M
Net interest income -35.59M -37.02M -39.32M -40.06M -43.44M
Non recurring 4.94M 17.81M 0.78M - 13.88M
Income tax expense 0.12M -0.09M -0.03M 0.18M 0.20M
Total revenue 217.66M 213.49M 191.71M 234.09M 260.62M
Total operating expenses 116.15M 104.58M 103.01M 108.56M 121.19M
Cost of revenue 66.71M 68.28M 63.96M 71.51M 73.29M
Total other income expense net 48.29M 25.79M -37.20M 39.84M -4.47M
Net income from continuing ops 85.66M 68.38M -9.88M 91.56M 17.59M
Net income applicable to common shares 77.35M 61.94M -16.93M 84.81M 10.92M
Preferred stock and other adjustments 6.70M 6.70M 6.70M 6.70M 6.70M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 1946.44M 1902.08M 1950.04M 1918.56M 1928.44M
Intangible assets 40.04M 37.85M 26.35M 34.28M 44.43M
Other current assets 27.97M 3.58M 5.40M 6.96M 6.53M
Total liab 967.79M 1006.62M 1148.67M 1070.30M 1096.90M
Total stockholder equity 960.51M 876.94M 782.39M 828.24M 811.96M
Deferred long term liab 32.45M 29.55M 28.86M 33.10M 38.35M
Other current liab -20.66M -22.45M -98.28M 19.79M 19.73M
Common stock 0.85M 0.84M 0.80M 0.80M 0.80M
Capital stock 93.28M 93.27M 93.23M 93.22M 93.22M
Retained earnings -409.29M -441.48M -471.02M -436.36M -450.13M
Other liab 39.09M 44.60M 55.21M 44.77M 56.69M
Good will 2.09M 2.09M 2.09M 2.09M 2.09M
Other assets 1440.71M 1559.72M 1688.23M 70.63M 71.08M
Cash 5.41M 13.37M 208.89M 110.26M 41.06M
Cash and equivalents 5.41M 13.37M 208.89M 110.26M 41.06M
Total current liabilities 56.32M 59.59M 47.02M 75.15M 76.08M
Net debt 901.96M 889.07M 837.56M 839.66M 923.06M
Short term debt 35.00M 35.00M 100.00M 2.37M 0.00M
Short long term debt 35.00M 35.00M 100.00M 2.37M -
Short long term debt total 907.38M 902.44M 1046.44M 949.91M 964.12M
Other stockholder equity 1255.09M 1227.79M 1174.32M 1169.56M 1164.85M
Property plant equipment 1330.81M 1466.82M 1463.25M 1508.38M 1720.80M
Total current assets 25.79M 37.99M 238.06M 139.53M 68.52M
Long term investments 423.09M 267.18M 126.33M 130.32M 1.57M
Net tangible assets 828.04M 746.66M 663.61M 701.53M 675.10M
Short term investments 423.09M 13.53M - - -
Net receivables 19.91M 23.95M 26.57M 24.97M 23.80M
Long term debt 854.60M 884.18M 1027.75M 930.81M 964.12M
Inventory - -2.92M - - -2.87M
Accounts payable 41.98M 47.03M 45.29M 55.36M 56.35M
Noncontrolling interest in consolidated entity 18.14M 18.51M 18.98M 20.02M 19.58M
Accumulated other comprehensive income 21.43M -2.63M -14.13M 1.82M 4.02M
Common stock total equity 0.85M 0.84M 0.80M 0.80M 0.80M
Preferred stock total equity 92.43M 92.43M 92.43M 92.43M 92.43M
Retained earnings total equity -409.29M -441.48M -471.02M -436.36M -450.13M
Non currrent assets other 1440.25M 88.42M 77.47M 86.84M 1813.91M
Non current assets total 1920.65M 1864.09M 1711.98M 1779.03M 1859.92M
Capital lease obligations 17.78M 18.25M 18.69M 19.11M 0.97M
Long term debt total 854.60M 884.18M 1027.75M 930.81M 964.12M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -119.34M -1.96M -18.93M -4.74M 3.00M
Change to liabilities -1.30M 1.22M -9.99M -2.17M -11.91M
Total cashflows from investing activities -63.73M -167.13M -18.93M 95.09M 42.26M
Net borrowings -34.78M -151.91M 97.11M -36.12M -35.99M
Total cash from financing activities -42.10M -123.18M 52.80M -115.86M -116.75M
Change to operating activities -0.93M -0.89M 2.46M -1.76M -2.98M
Net income 85.66M 70.26M -10.47M 93.69M 18.04M
Change in cash -8.16M -197.45M 96.93M 69.83M 31.83M
Begin period cash flow 14.03M 211.48M 114.55M 44.72M 12.89M
End period cash flow 5.88M 14.03M 211.48M 114.55M 44.72M
Total cash from operating activities 97.67M 92.86M 63.06M 90.59M 106.32M
Issuance of capital stock 17.41M 44.60M - - -
Depreciation 75.26M 72.25M 77.21M 78.65M 87.33M
Other cashflows from investing activities 195.26M 65.55M -1.00M 189.60M 122.80M
Dividends paid 50.94M 28.95M 42.91M 79.03M 78.84M
Change to account receivables 2.15M 1.09M -1.65M -0.64M 2.39M
Sale purchase of stock 17.41M -1.51M -1.34M -0.70M -1.82M
Other cashflows from financing activities 300.85M 359.78M -0.57M -5.39M -0.23M
Change to netincome -70.19M -53.17M 8.04M -76.20M 9.41M
Capital expenditures 29.41M 28.14M 23.12M 56.60M 77.17M
Change receivables 2.15M 1.09M -1.65M -0.64M 2.39M
Cash flows other operating 4.57M 3.10M 2.31M 3.56M 0.58M
Cash and cash equivalents changes -8.16M -197.45M 96.93M 69.83M 31.83M
Change in working capital -0.20M 1.42M -9.18M -4.57M -10.94M
Stock based compensation 4.21M 4.08M 3.74M 3.49M 4.67M
Other non cash items -67.37M -55.07M 1.79M -80.85M 7.03M
Free cash flow 68.27M 64.72M 39.94M 33.99M 29.15M

Peer Comparison*

Sector: Real Estate Industry: REIT - Retail

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
RPT
Rithm Property Trust Inc.
0.53
4.77%
11.53 24.33 22.17 5.42 1.37 9.97 12.59
O
Realty Income Corporation
0.51
0.86%
59.55 43.17 35.34 9.16 1.42 14.52 16.99
SPG
Simon Property Group Inc
3.58
1.57%
232.00 21.31 24.69 9.77 16.15 12.96 14.98
SPG-PJ
Simon Property Group Inc
-
-%
53.00 - - 7.12 - - -
CPAMF
CapitaLand Integrated Commercial Trust
-
-%
1.62 14.31 19.19 8.74 1.09 16.62 18.41

Profile*

Rithm Property Trust Inc.

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (the NYSE). The common shares of the Company, par value $0.01 per share (the common shares) are listed and traded on the NYSE under the ticker symbol RPT. As of September 30, 2023, the Company's property portfolio (the aggregate portfolio) consisted of 43 wholly-owned shopping centers, 13 shopping centers owned through its grocery-anchored joint venture, and 49 retail properties owned through its net lease joint venture, which together represent 14.9 million square feet of gross leasable area (GLA). As of September 30, 2023, the Company's pro-rata share of the aggregate portfolio was 93.5% leased.

19 West 44th Street, New York, NY, United States, 10036

212-221-1261

138

Name Title Year Born
Mr. Timothy Collier Exec. VP of Leasing 1974
Mr. Brian L. Harper Pres, CEO & Trustee 1976
Mr. Michael P. Fitzmaurice Exec. VP & CFO 1979
Mr. Raymond J. Merk CPA, MBA Sr. VP & Chief Accounting Officer 1959
Ms. Heather Ohlberg Exec. VP, Gen. Counsel & Sec. 1980
Mr. Vincent Chao C.F.A. Managing Director of Fin. & Investments NA
Mr. Sam Raghavachari Head of Technology NA
Ms. Deanna Cain Head of HR NA
Mr. Michael McBride Sr. VP of Asset Management NA
Mr. Courtney A. Smith Sr. VP of Investments NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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