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Rithm Property Trust (RPT)

Market Price (6/26/2026): $14.1 | Market Cap: $107.5 MilSector: Financials | Industry: Mortgage REITs

Rithm Property Trust (RPT)

Market Price (6/26/2026): $14.1
Market Cap: $107.5 Mil
Sector: Financials
Industry: Mortgage REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 246%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34%

Low stock price volatility
Vol 12M is 29%

Megatrend and thematic drivers
Megatrends include Sustainable & Green Buildings, Smart Buildings & Proptech, and Experience Economy & Premiumization. Themes include ESG REITs, Show more.

Weak multi-year price returns
2Y Excs Rtn is -56%, 3Y Excs Rtn is -114%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 167%

Expensive valuation multiples
P/SPrice/Sales ratio is 11x, P/EPrice/Earnings or Price/(Net Income) is 38x

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -97%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -97%

Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 19.59

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 246%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34%
2 Low stock price volatility
Vol 12M is 29%
3 Megatrend and thematic drivers
Megatrends include Sustainable & Green Buildings, Smart Buildings & Proptech, and Experience Economy & Premiumization. Themes include ESG REITs, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -56%, 3Y Excs Rtn is -114%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 167%
6 Expensive valuation multiples
P/SPrice/Sales ratio is 11x, P/EPrice/Earnings or Price/(Net Income) is 38x
7 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -97%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -97%
8 Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 19.59

RPT in ETFs

Weight = RPT's share of each fund

VTI0.00%
IWM0.00%
IWN0.01%
VTWO0.00%

Valuation & Metrics

FYE: 12/31RPT [1]S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]$9.9 Mil—
FY 2026 Sales$28.1 Mil—
FY 2027 Sales$31.7 Mil—
FY 2026 Sales Growth183.2%—
FY 2027 Sales Growth12.8%8.2%
EARNINGS
LTM Net Income (GAAP) [3]$2.9 Mil—
FY 2026 Net Income (Non-GAAP)$-3.5 Mil—
FY 2027 Net Income (Non-GAAP)$1.7 Mil—
FY 2027 Net Income Growth—15.6%
FY 2026 EPS (Non-GAAP)$-0.46—
FY 2027 EPS (Non-GAAP)$0.22—
FY 2027 EPS Growth——
VALUATION
FY 2026 P/S3.83.3
FY 2027 P/S3.4—
FY 2026 P/E—20.3
FY 2027 P/E64.5—

[1] RPT forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 6/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).
RPTS&P 500
REVENUE GROWTHGOOD
Rev LTM ($ Bil)0.0
Rev Chg Q137.0%8.8%
Rev Chg LTM245.9%7.5%
Rev Chg 3Y Avg3.3%5.9%
PROFITABILITYGOOD
Op Inc LTM ($ Bil)�
CFO LTM ($ Bil)-0.0
Net Inc LTM ($ Bil)0.0
CFO/Rev LTM-97.3%21.4%
Net Inc Mgn29.0%13.0%
VALUATIONVERY HIGH
P/S10.83.3
P/CFO-11.115.1
P/FCF-11.119.5
P/E37.424.4

AI Analysis | Feedback

MetricValueDateSource
Book Value per Common Share$5.309302025Link
Active Investment Pipeline$2bn+10312025Link
Existing Portfolio Unpaid Principal Balance (UPB)$274mm9302025Link
Recent Loan Origination$21 million1122025Link
Portfolio CompositionCommercial Mortgage-Backed Securities and Senior Loans9302025Link

Price Chart

Upcoming
7/23/2026Earnings ReleaseRev: $6.0 Mil (E)
EPS: $-0.04 (E)

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/1/2026

Rithm Property Trust (RPT) stock has remained largely at the same level since 2/28/2026 because of the following key factors:

1. Mixed First Quarter 2026 Financial Performance: Rithm Property Trust reported a GAAP comprehensive loss of $(3.2) million, or $(0.42) per diluted share, for the first quarter of 2026, a decline compared to comprehensive income of $2.5 million in Q4 2025. The company's earnings available for distribution (EAD) were negative at $(0.3) million, or $(0.04) per diluted share, a modest improvement from $(0.06) in the prior quarter. However, some reports indicated a net loss of $0.43 per share, significantly missing the analyst consensus estimate of $0.00 per share. These weak financial results likely exerted downward pressure, counteracting potential upward movements.

2. Sustained High Dividend Payout: Despite reporting a GAAP comprehensive loss and negative earnings available for distribution, Rithm Property Trust maintained its quarterly common stock dividend of $0.36 per share. This dividend, payable on May 29, 2026, represents an attractive forward yield between 9.76% and 10.8% based on recent stock prices. The company's commitment to returning value to shareholders, even during a challenging quarter, likely provided a floor for the stock price, preventing a steeper decline.

Show more
Updated on 6/1/2026

Rithm Property Trust (RPT) stock has remained largely at the same level since 2/28/2026 because of the following key factors:

1. Mixed First Quarter 2026 Financial Performance: Rithm Property Trust reported a GAAP comprehensive loss of $(3.2) million, or $(0.42) per diluted share, for the first quarter of 2026, a decline compared to comprehensive income of $2.5 million in Q4 2025. The company's earnings available for distribution (EAD) were negative at $(0.3) million, or $(0.04) per diluted share, a modest improvement from $(0.06) in the prior quarter. However, some reports indicated a net loss of $0.43 per share, significantly missing the analyst consensus estimate of $0.00 per share. These weak financial results likely exerted downward pressure, counteracting potential upward movements.

2. Sustained High Dividend Payout: Despite reporting a GAAP comprehensive loss and negative earnings available for distribution, Rithm Property Trust maintained its quarterly common stock dividend of $0.36 per share. This dividend, payable on May 29, 2026, represents an attractive forward yield between 9.76% and 10.8% based on recent stock prices. The company's commitment to returning value to shareholders, even during a challenging quarter, likely provided a floor for the stock price, preventing a steeper decline.

3. Ongoing Strategic Portfolio Repositioning: Rithm Property Trust is undergoing a strategic repositioning towards commercial real estate, a move that management expects to create significant shareholder value over time. This transition, however, has led to near-term earnings pressure and a decrease in total assets from $1.04 billion to $930.6 million as of Q1 2026. The market's uncertainty regarding the immediate impact of this repositioning, alongside the acknowledged near-term earnings pressure, contributed to the stock remaining largely flat.

4. Trading at a Significant Discount to Book Value: As of March 31, 2026, the company's stock traded at approximately $14.47 per share, which is about 47% of its reported book value per common share of $30.83. This substantial discount to book value could signal potential undervaluation to some investors, attracting buying interest and providing underlying support for the stock, thus limiting downside movement.

5. Mixed Macroeconomic Signals for the REIT Sector: The broader real estate investment trust (REIT) sector in early 2026 experienced conflicting macroeconomic forces. While there was a constructive backdrop with attractive valuations, stabilizing interest rates, and reduced construction pipelines, persistent "sticky inflation" complicated the Federal Reserve's policy trajectory, suggesting a "higher for longer" interest rate environment. Geopolitical conflicts also contributed to increased energy and commodity prices, raising input costs and dampening sentiment in Q1 2026. These mixed signals created an environment where the overall sector faced both tailwinds and headwinds, contributing to RPT's largely sideways stock movement.

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Stock Movement Drivers

Fundamental Drivers

The 1.1% change in RPT stock from 2/28/2026 to 6/25/2026 was primarily driven by a 46.8% change in the company's Net Income Margin (%).
(LTM values as of)22820266252026Change
Stock Price ($)14.2114.371.1%
Change Contribution By: 
Total Revenues ($ Mil)71033.1%
Net Income Margin (%)19.7%29.0%46.8%
P/E Multiple73.138.1-47.9%
Shares Outstanding (Mil)88-0.7%
Cumulative Contribution1.1%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/25/2026
ReturnCorrelation
RPT1.1% 
Market (SPY)7.3%15.1%
Sector (XLF)4.5%40.8%

Fundamental Drivers

The -6.4% change in RPT stock from 11/30/2025 to 6/25/2026 was primarily driven by a -62.6% change in the company's P/E Multiple.
(LTM values as of)113020256252026Change
Stock Price ($)15.3614.37-6.4%
Change Contribution By: 
Total Revenues ($ Mil)9105.7%
Net Income Margin (%)12.2%29.0%138.1%
P/E Multiple101.738.1-62.6%
Shares Outstanding (Mil)88-0.7%
Cumulative Contribution-6.4%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/25/2026
ReturnCorrelation
RPT-6.4% 
Market (SPY)8.1%6.2%
Sector (XLF)1.1%32.2%

Fundamental Drivers

The -3.8% change in RPT stock from 5/31/2025 to 6/25/2026 was primarily driven by a -245.9% change in the company's Total Revenues ($ Mil).
(LTM values as of)53120256252026Change
Stock Price ($)14.9314.37-3.8%
Change Contribution By: 
Total Revenues ($ Mil)-710-245.9%
P/S Multiple-16.611.0-166.4%
Shares Outstanding (Mil)88-0.7%
Cumulative Contribution-3.8%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/25/2026
ReturnCorrelation
RPT-3.8% 
Market (SPY)26.0%18.3%
Sector (XLF)6.5%32.9%

Fundamental Drivers

The -43.2% change in RPT stock from 5/31/2023 to 6/25/2026 was primarily driven by a -308.9% change in the company's P/S Multiple.
(LTM values as of)53120236252026Change
Stock Price ($)25.3114.37-43.2%
Change Contribution By: 
Total Revenues ($ Mil)-1810-154.2%
P/S Multiple-5.311.0-308.9%
Shares Outstanding (Mil)48-49.9%
Cumulative Contribution-43.2%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/25/2026
ReturnCorrelation
RPT-43.2% 
Market (SPY)82.6%32.0%
Sector (XLF)76.6%33.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
RPT Return34%-38%-17%-39%2%-9%-61%
Peers Return21%-21%18%2%13%-7%20%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
RPT Win Rate58%33%50%25%58%50% 
Peers Win Rate58%50%52%60%60%43% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
RPT Max Drawdown-15%-41%-50%-49%-27%-21% 
Peers Max Drawdown-15%-37%-31%-15%-22%-19% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: NLY, AGNC, STWD, BXMT, ABR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/25/2026 (YTD)

How Low Can It Go

EventRPTS&P 500
2025 US Tariff Shock
  % Loss-24.5%-18.8%
  % Gain to Breakeven32.4%23.1%
  Time to Breakeven253 days79 days
2020 COVID-19 Crash
  % Loss-71.2%-33.7%
  % Gain to Breakeven246.8%50.9%
  Time to Breakeven448 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-11.7%-19.2%
  % Gain to Breakeven13.3%23.8%
  Time to Breakeven42 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-30.8%-12.2%
  % Gain to Breakeven44.6%13.9%
  Time to Breakeven44 days62 days
2014-2016 Oil Price Collapse
  % Loss-23.7%-6.8%
  % Gain to Breakeven31.1%7.3%
  Time to Breakeven65 days15 days

Compare to NLY, AGNC, STWD, BXMT, ABR

In The Past

Rithm Property Trust's stock fell -24.5% during the 2025 US Tariff Shock. Such a loss loss requires a 32.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventRPTS&P 500
2025 US Tariff Shock
  % Loss-24.5%-18.8%
  % Gain to Breakeven32.4%23.1%
  Time to Breakeven253 days79 days
2020 COVID-19 Crash
  % Loss-71.2%-33.7%
  % Gain to Breakeven246.8%50.9%
  Time to Breakeven448 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-30.8%-12.2%
  % Gain to Breakeven44.6%13.9%
  Time to Breakeven44 days62 days
2014-2016 Oil Price Collapse
  % Loss-23.7%-6.8%
  % Gain to Breakeven31.1%7.3%
  Time to Breakeven65 days15 days

Compare to NLY, AGNC, STWD, BXMT, ABR

In The Past

Rithm Property Trust's stock fell -24.5% during the 2025 US Tariff Shock. Such a loss loss requires a 32.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Rithm Property Trust (RPT)

Rithm Property Trust (NYSE: RPT) is a Real Estate Investment Trust (REIT) focused on owning and operating a national portfolio of open-air shopping centers. These properties are strategically situated in prime U.S. markets and are designed to offer diverse, locally-curated consumer experiences that resonate with the lifestyles of their surrounding communities.

The company's main business involves leasing retail space within its portfolio of shopping destinations to a wide array of retail partners. As of mid-2020, Rithm Property Trust managed 49 shopping centers, totaling approximately 11.9 million square feet of gross leasable area, with a strong pro-rata occupancy rate. The company's centers are developed to meet the evolving demands of both its retail tenants and the consumers they serve.

Operating as a fully integrated and self-administered REIT, Rithm Property Trust generates its revenue primarily through rental income from its retail tenants. The company directly manages its properties, ensuring that it creates and maintains valuable retail environments across its target U.S. markets for its retail partners and the local communities.

AI Analysis | Feedback

  • RPT is a smaller Kimco Realty.
  • Think of RPT as a scaled-down Regency Centers.

AI Analysis | Feedback

  • Retail Property Leasing: RPT Realty provides leased retail space within its portfolio of open-air shopping centers to various retail partners.

AI Analysis | Feedback

Rithm Property Trust (RPT) is a Real Estate Investment Trust (REIT) that owns and operates open-air shopping destinations. Therefore, its primary customers are other companies, specifically the retail businesses that lease space in its shopping centers. The provided background information does not list the names of specific major customer companies (tenants).

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The ongoing expansion and sophistication of e-commerce, including direct-to-consumer models and advanced logistics, continues to erode the necessity and market share of traditional brick-and-mortar retail, posing a persistent and evolving threat to the demand for physical shopping center space.

AI Analysis | Feedback

The addressable market for Rithm Property Trust (RPT), which owns and operates open-air shopping destinations, is the U.S. shopping centers market.

The global shopping centers market was valued at approximately USD 6.22 trillion in 2025 and is projected to grow to USD 6.65 trillion in 2026. North America was identified as the largest region in the shopping centers market in 2025 and accounted for over 46% of the global market revenue share in 2021.

Based on these figures, the estimated market size for shopping centers in North America, which encompasses RPT's primary operational region of the U.S., would be approximately USD 3.11 trillion in 2025 (46.8% of USD 6.65 trillion). There are 116,214 shopping centers in the U.S.. Open-air shopping centers, RPT's focus, account for 34.3% of the total U.S. retail gross leasable area and represented 41.7% of consumer expenditure on goods and services in the first quarter of 2023. This segment has shown resilience with historically low vacancy rates and strong fundamentals for rent growth.

AI Analysis | Feedback

Here are the expected drivers of future revenue growth for Rithm Property Trust (symbol: RPT) over the next 2-3 years:
  1. Recapitalization and New Capital Formation: Rithm Property Trust is focused on a recapitalization plan and raising new capital, which management anticipates will be a significant driver for achieving future annual earnings per share targets between $1.00 and $1.70. This initiative is central to the company's strategic repositioning and growth.
  2. Growth in Multifamily Loan Production and Deployment of Identified Assets: The company's Genesis business is projected to achieve $6 billion to $7 billion in multifamily loan production in 2025. Additionally, there is an identified pipeline of approximately $1 billion in multifamily assets that, upon placement into the vehicle and board approval, are expected to lead to an immediate increase in earnings. Rithm Property Trust is also working towards acquiring licenses to operate as a Fannie Mae or Freddie Mac multifamily servicer or originator, further bolstering this area.
  3. Opportunistic Investments in Commercial Real Estate: Rithm Property Trust is undergoing a strategic repositioning to focus on commercial real estate and opportunistic investments. The company aims to leverage its diversified earning streams and strong sourcing capabilities to identify and capitalize on these investment opportunities.
  4. Development of a Direct Lending Business: The company is establishing a direct lending business in collaboration with its Genesis partners. This platform is expected to serve as a vital avenue for Rithm Property Trust's future growth.

AI Analysis | Feedback

Share Issuance

  • RPT Realty had $54.3 million of common stock available for issuance under an Equity Distribution Agreement in 2021.
  • In early 2022, the company issued debt and equity to manage its balance sheet when the cost of capital was low.

Inbound Investments

  • RPT Realty formed a joint venture with Singapore sovereign wealth fund GIC in December 2019, with GIC committing over $300 million to invest in open-air shopping centers in the U.S., including acquiring a minority stake in five RPT-owned retail assets and committing up to $200 million of additional capital for future investments.
  • In an all-stock transaction valued at approximately $2 billion, including the assumption of debt and preferred stock, Kimco Realty acquired RPT Realty, with the merger closing on January 2, 2024.

Outbound Investments

  • In 2021, RPT Realty closed on $791 million of investment activity, which included 11 multi-tenant acquisitions with a contract value of $540.9 million, aimed at improving portfolio quality by increasing exposure to high-growth markets.
  • Through its RGMZ platform in 2021, RPT Realty acquired $191.0 million of single-tenant net lease assets, with $186.3 million of these parceled from existing RPT multi-tenant shopping centers.
  • RPT Realty acquired Mary Brickell Village, a large grocery-anchored mixed-use property in Miami, for $216 million in the fall of 2022.

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Peer Comparisons

Peers to compare with:

Financials

RPTNLYAGNCSTWDBXMTABRMedian
NameRithm Pr.Annaly C.AGNC Inv.Starwood.Blacksto.Arbor Re. 
Mkt Price14.3722.5610.6216.6117.355.1215.49
Mkt Cap0.116.311.96.12.91.04.5
Rev LTM102,3901,605822585485703
Op Inc LTM-------
FCF LTM-10-1,581848420345214279
FCF 3Y Avg-141,115327603387373380
CFO LTM-10-552848833345214279
CFO 3Y Avg-141,996327758387373380

Growth & Margins

RPTNLYAGNCSTWDBXMTABRMedian
NameRithm Pr.Annaly C.AGNC Inv.Starwood.Blacksto.Arbor Re. 
Rev Chg LTM245.9%173.2%174.8%-2.7%22.5%-18.7%97.8%
Rev Chg 3Y Avg3.3%290.4%127.2%-9.3%-2.4%-9.0%0.5%
Rev Chg Q137.0%85.4%-246.2%-4.2%25.5%-12.3%10.6%
QoQ Delta Rev Chg LTM33.1%6.8%-10.7%-0.9%5.8%-3.2%2.5%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM-97.3%-23.1%52.8%101.3%59.0%44.0%48.4%
CFO/Rev 3Y Avg--27.5%84.2%68.8%60.7%64.7%
FCF/Rev LTM-97.3%-66.2%52.8%51.1%59.0%44.0%47.6%
FCF/Rev 3Y Avg--27.5%65.6%68.8%60.7%63.1%

Valuation

RPTNLYAGNCSTWDBXMTABRMedian
NameRithm Pr.Annaly C.AGNC Inv.Starwood.Blacksto.Arbor Re. 
Mkt Cap0.116.311.96.12.91.04.5
P/S11.06.87.47.45.02.07.1
P/Op Inc-------
P/EBIT-------
P/E38.17.58.117.328.38.412.8
P/CFO-11.3-29.514.17.38.54.76.0
Total Yield2.6%13.4%12.3%17.0%14.5%41.5%13.9%
Dividend Yield0.0%0.0%0.0%11.2%10.9%29.6%5.5%
FCF Yield 3Y Avg-12.2%12.8%2.9%9.3%11.4%17.4%10.4%
D/E3.02.10.02.15.47.02.6
Net D/E1.72.1-0.02.15.26.52.1

Returns

RPTNLYAGNCSTWDBXMTABRMedian
NameRithm Pr.Annaly C.AGNC Inv.Starwood.Blacksto.Arbor Re. 
1M Rtn0.3%4.4%3.0%-4.4%-4.9%-5.7%-2.0%
3M Rtn10.8%7.1%11.7%-4.8%-9.6%-30.3%1.2%
6M Rtn-5.4%3.6%4.7%-5.4%-8.1%-31.1%-5.4%
12M Rtn1.1%34.2%32.4%-9.1%-2.3%-44.5%-0.6%
3Y Rtn-45.2%66.0%62.7%18.8%20.2%-46.9%19.5%
1M Excs Rtn2.5%6.5%5.1%-2.2%-2.7%-3.6%0.1%
3M Excs Rtn-1.5%-6.2%-3.2%-16.6%-20.3%-42.3%-11.4%
6M Excs Rtn-11.6%-3.5%-2.4%-12.7%-15.9%-37.0%-12.2%
12M Excs Rtn-20.9%12.6%10.5%-30.0%-23.8%-65.8%-22.3%
3Y Excs Rtn-113.8%-3.3%-4.4%-51.2%-46.6%-112.6%-48.9%

Comparison Analyses

null

Financials

$ Mil | FY: 12/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
Period End3/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/2023
Filing Date5/1/20262/18/202611/4/20257/31/20255/2/20252/18/202511/1/20248/2/20245/3/20242/28/202411/3/20238/4/2023
Key Financials Quarterly            
Total Revenue1324-25-1-9-66-9-1-2
Net Income-23-02-33-8-13-74-23-6-11
EPS-0.430.26-0.180.06-0.490.36-1.08-1.92-14.46-5.16-1.50-3.06
Key Financials TTM            
Total Revenue TTM10796-7-71-85-86-78-17-13-19
Net Income TTM311-7-21-92-117-115-114-47-31-35
Growth Rates Quarterly            
Total Revenue Growth137.0%-36.2%313.9%140.8%97.3%158.6%20.5%-366.7%-1357.4%-89.0%84.6%-47.7%
Net Income Growth41.4%11.3%96.6%114.9%95.4%112.9%-44.9%-10.9%-900.5%-260.2%41.4%-139.4%
Margins Quarterly            
Net Income Margin-298.8%94.9%-13.7%49.3%-54.4%------
Cash & Debt            
Total Cash145129405423422126251213225184195182
Total Debt328335344350359366374384610622635648
Net Debt / (Cash)183206-61-73-63240124171385437440466
Cash Flows Quarterly            
FCF from Operations-3-1-6-0-2-2-516-8-12-11-7
Cash Flows TTM            
FCF from Operations TTM-10-8-10-970-9-15-38-46-37-25
Returns to Shareholders Quarterly            
Dividends433333324455
Share Repurchases0-0-0-0-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC-1.3%2.0%-0.3%2.0%-3.5%1.1%-6.2%-9.1%-38.3%-11.4%-2.8%-5.7%
Return on Invested Capital (ROIC) TTM            
ROIC TTM0.5%0.2%-0.0%-2.0%-5.8%-14.7%-22.7%-20.4%-14.8%-5.9%-3.9%-4.0%

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Acquiring, investing in and managing a portfolio of residential whole mortgage loans, commercial-77-17-63129
Total-77-17-63129


Net Income by Segment
$ Mil2025
Residential26
Commercial-1
Corporate Category-23
Total1


Assets by Segment
$ Mil20252024
Residential589631
Commercial371277
Corporate Category8269
Total1,042977


Price Behavior

Price Behavior
Market Price$14.37 
Market Cap ($ Bil)0.1 
First Trading Date12/28/1988 
Distance from 52W High-15.9% 
   50 Days200 Days
DMA Price$14.38$14.47
DMA Trendindeterminateup
Distance from DMA-0.0%-0.7%
 3M1YR
Volatility21.1%28.9%
Downside Capture-20.7163.78
Upside Capture24.6649.85
Correlation (SPY)-1.3%17.5%
RPT Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta0.120.400.560.340.570.92
Up Beta-1.210.20-0.020.260.471.01
Down Beta2.161.671.070.490.410.67
Up Capture29%55%56%19%44%47%
Bmk +ve Days13283667141432
Stock +ve Days10223056108328
Down Capture-25%-3%78%49%86%105%
Bmk -ve Days7132757109318
Stock -ve Days9173163121367

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with RPT
RPT-0.1%28.9%-0.01-
Sector ETF (XLF)4.9%14.5%0.1133.1%
Equity (SPY)22.1%12.4%1.3317.5%
Gold (GLD)20.8%27.7%0.67-2.0%
Commodities (DBC)23.3%18.5%0.99-5.9%
Real Estate (VNQ)11.6%13.8%0.5529.2%
Bitcoin (BTCUSD)-42.9%42.5%-1.2019.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with RPT
RPT-20.6%38.0%-0.50-
Sector ETF (XLF)10.1%18.6%0.4138.9%
Equity (SPY)13.3%17.1%0.6036.5%
Gold (GLD)17.4%18.3%0.776.9%
Commodities (DBC)7.9%19.5%0.307.6%
Real Estate (VNQ)2.8%18.9%0.0539.2%
Bitcoin (BTCUSD)9.8%54.1%0.389.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with RPT
RPT-7.4%42.9%-0.01-
Sector ETF (XLF)13.3%22.1%0.5539.2%
Equity (SPY)15.3%18.0%0.7334.6%
Gold (GLD)11.6%16.1%0.592.8%
Commodities (DBC)5.9%18.0%0.2514.3%
Real Estate (VNQ)5.5%20.7%0.2341.1%
Bitcoin (BTCUSD)56.4%66.5%0.9710.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity0.4 Mil
Short Interest: % Change Since 5312026-1.8%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest19.6 days
Basic Shares Quantity7.6 Mil
Short % of Basic Shares5.1%

Returns Analyses

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/13/2026-1.8%-1.5%-7.9%
10/31/20258.1%-2.4%7.8%
7/24/20250.0%-2.6%-0.4%
4/28/20250.0%3.2%-2.1%
1/30/20257.7%9.8%17.6%
10/21/20240.0%0.0%-5.6%
7/24/2024-9.4%-12.7%-11.0%
5/3/2024-3.6%-1.1%-4.5%
...
SUMMARY STATS   
# Positive131111
# Negative101212
Median Positive3.1%3.3%7.8%
Median Negative-4.3%-2.5%-6.7%
Max Positive8.1%16.7%33.6%
Max Negative-9.4%-14.1%-17.8%
 Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/13/2026-1.8%-1.5%-7.9%
10/31/20258.1%-2.4%7.8%
7/24/20250.0%-2.6%-0.4%
4/28/20250.0%3.2%-2.1%
1/30/20257.7%9.8%17.6%
10/21/20240.0%0.0%-5.6%
7/24/2024-9.4%-12.7%-11.0%
5/3/2024-3.6%-1.1%-4.5%
2/27/2024-4.7%-6.5%-13.2%
11/2/20233.5%0.7%15.0%
8/3/20231.5%1.3%3.9%
5/4/2023-5.9%-5.6%-1.7%
3/2/2023-7.6%-14.1%-17.8%
11/3/2022-1.0%3.3%-3.6%
8/4/2022-6.3%-1.9%-15.1%
5/5/2022-1.2%-5.8%15.1%
3/3/2022-3.9%-2.1%1.3%
11/4/20212.2%0.9%-8.3%
8/5/20215.3%8.5%8.0%
5/6/20212.4%-0.7%5.1%
3/4/20213.8%9.3%1.7%
11/5/20203.1%16.7%33.6%
8/4/20207.7%12.3%5.9%
SUMMARY STATS   
# Positive131111
# Negative101212
Median Positive3.1%3.3%7.8%
Median Negative-4.3%-2.5%-6.7%
Max Positive8.1%16.7%33.6%
Max Negative-9.4%-14.1%-17.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/01/202610-Q
12/31/202502/18/202610-K
09/30/202511/04/202510-Q
06/30/202507/31/202510-Q
03/31/202505/02/202510-Q
12/31/202402/18/202510-K
09/30/202411/01/202410-Q
06/30/202408/02/202410-Q
03/31/202405/03/202410-Q
12/31/202302/28/202410-K
09/30/202311/03/202310-Q
06/30/202308/04/202310-Q
03/31/202305/05/202310-Q
12/31/202203/03/202310-K
09/30/202211/04/202210-Q
06/30/202208/05/202210-Q
 Collapse to Preview
Report DateFiling DateFiling
03/31/202605/01/202610-Q
12/31/202502/18/202610-K
09/30/202511/04/202510-Q
06/30/202507/31/202510-Q
03/31/202505/02/202510-Q
12/31/202402/18/202510-K
09/30/202411/01/202410-Q
06/30/202408/02/202410-Q
03/31/202405/03/202410-Q
12/31/202302/28/202410-K
09/30/202311/03/202310-Q
06/30/202308/04/202310-Q
03/31/202305/05/202310-Q
12/31/202203/03/202310-K
09/30/202211/04/202210-Q
06/30/202208/05/202210-Q
03/31/202205/06/202210-Q
12/31/202103/04/202210-K
09/30/202111/05/202110-Q
06/30/202108/06/202110-Q
03/31/202105/07/202110-Q
12/31/202003/05/202110-K
09/30/202011/06/202010-Q
06/30/202008/05/202010-Q
03/31/202005/06/202010-Q
12/31/201903/04/202010-K
09/30/201911/06/201910-Q
06/30/201908/07/201910-Q

Industry Resources

External Quote Links


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Core Cache Last Updated: 6/25/2026