Rithm Property Trust Stock News

The RPT-C preferred stock offers a generous 9.875% coupon, with cumulative payments and call protection until 2030, making it attractive for income-focused investors. Rithm Property Trust's transformation under new management and its ability to issue and redeem bonds in 2024 indicate potential for improved performance and reduced risk. Risk-averse investors should avoid RPT-C due to RPT's histo...

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 bei...

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 ...

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 v...

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, 20...

NEW YORK--(BUSINESS WIRE)--Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE: RPT, “RPT” or the “Company”) announced today the pricing of a public offering of 2,000,000 shares of its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) with a $25.00 per share liquidation preference, for gross proceeds of $50,000,000, be...

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...

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 w...