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    Rithm Property Trust (RPT)

    Market Price (9/25/2026): $10.96 | Market Cap: $84.9 MilSector: Financials | Industry: Mortgage REITs

    Rithm Property Trust (RPT)

    Market Price (9/25/2026): $10.96
    Market Cap: $84.9 Mil
    Sector: Financials
    Industry: Mortgage REITs

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

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 20%, Dividend Yield is 16%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16%

    Strong revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 59%

    Low stock price volatility
    Vol 12M is 37%

    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 -73%, 3Y Excs Rtn is -138%

    Debt is significant
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 300%

    Expensive valuation multiples
    P/SPrice/Sales ratio is 8.2x, P/EPrice/Earnings or Price/(Net Income) is 28x

    Weak revenue growth
    Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -62%

    Not cash flow generative
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -103%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -103%

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 20%, Dividend Yield is 16%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16%
    1 Strong revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 59%
    2 Low stock price volatility
    Vol 12M is 37%
    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 -73%, 3Y Excs Rtn is -138%
    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 300%
    6 Expensive valuation multiples
    P/SPrice/Sales ratio is 8.2x, P/EPrice/Earnings or Price/(Net Income) is 28x
    7 Weak revenue growth
    Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -62%
    8 Not cash flow generative
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -103%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -103%

    RPT in ETFs

    Weight = RPT's share of each fund

    VTI0.00%

    Valuation & Metrics

    FYE: 12/31RPT [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$10.3 Mil—
    FY 2026 Sales$28.1 Mil—
    FY 2027 Sales$31.1 Mil—
    FY 2026 Sales Growth173.0%—
    FY 2027 Sales Growth10.6%12.8%
    EARNINGS
    LTM Net Income (GAAP) [3]$3.0 Mil—
    FY 2026 Net Income (Non-GAAP)$0.1 Mil—
    FY 2027 Net Income (Non-GAAP)$3.9 Mil—
    FY 2027 Net Income Growth7,549.7%17.9%
    FY 2026 EPS (Non-GAAP)$0.01—
    FY 2027 EPS (Non-GAAP)$0.51—
    FY 2027 EPS Growth7,549.6%—
    VALUATION
    FY 2026 P/S3.01.7
    FY 2027 P/S2.7—
    FY 2026 P/E1,682.17.7
    FY 2027 P/E22.0—

    [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 9/30/27 (~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 GROWTH 
    Rev LTM ($ Bil)0.0
    Rev Chg Q9.6%9.3%
    Rev Chg LTM59.2%8.3%
    Rev Chg 3Y Avg-61.6%5.8%
    PROFITABILITYGOOD
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)-0.0
    Net Inc LTM ($ Bil)0.0
    CFO/Rev LTM-103.4%21.8%
    Net Inc Mgn29.0%13.1%
    VALUATIONVERY HIGH
    P/S8.23.1
    P/CFO-8.014.5
    P/FCF-8.019.1
    P/E28.522.1

    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
    10/29/2026Earnings ReleaseRev: $7.0 Mil (E)
    EPS: $0.09 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 9/24/2026

    Rithm Property Trust (RPT) stock has lost about 25% since 5/31/2026 because of the following key factors:

    1. Weak Earnings Available for Distribution and Dividend Sustainability Concerns.

    Despite reporting an improved GAAP comprehensive income of $645.0 thousand, or $0.08 per diluted common share, in fiscal Q2 2026 (which ended June 30, 2026), Rithm Property Trust's earnings available for distribution (a key non-GAAP metric for REITs) remained negative at $(0.01) per diluted common share. Additionally, the company's projected dividend payout ratio of 96% for the coming year raises concerns among investors about the long-term sustainability of its $0.36 per share quarterly dividend.

    2. Dilution Risk from Announced Public Offering.

    On July 13, 2026, Rithm Property Trust announced a public offering of its common stock, which immediately led to a 6.9% drop in its share price due to concerns over potential dilution for existing shareholders. Although the company subsequently withdrew the offering on July 21, 2026, citing "unfavorable market conditions" and a desire to protect shareholder interests, the initial announcement likely created negative sentiment and highlighted potential capital needs that contributed to the stock's downward trend during the period.

    Show more
    Updated on 9/24/2026

    Rithm Property Trust (RPT) stock has lost about 25% since 5/31/2026 because of the following key factors:

    1. Weak Earnings Available for Distribution and Dividend Sustainability Concerns.

    Despite reporting an improved GAAP comprehensive income of $645.0 thousand, or $0.08 per diluted common share, in fiscal Q2 2026 (which ended June 30, 2026), Rithm Property Trust's earnings available for distribution (a key non-GAAP metric for REITs) remained negative at $(0.01) per diluted common share. Additionally, the company's projected dividend payout ratio of 96% for the coming year raises concerns among investors about the long-term sustainability of its $0.36 per share quarterly dividend.

    2. Dilution Risk from Announced Public Offering.

    On July 13, 2026, Rithm Property Trust announced a public offering of its common stock, which immediately led to a 6.9% drop in its share price due to concerns over potential dilution for existing shareholders. Although the company subsequently withdrew the offering on July 21, 2026, citing "unfavorable market conditions" and a desire to protect shareholder interests, the initial announcement likely created negative sentiment and highlighted potential capital needs that contributed to the stock's downward trend during the period.

    3. Concerns Over Financial Strength and High Debt Levels.

    As of July 21, 2026, Rithm Property Trust was rated with "poor financial strength," scoring 3 out of 10, primarily due to its high debt levels. This underlying financial weakness, particularly in a macroeconomic environment characterized by elevated interest rates and market expectations shifting towards potential rate hikes in the fall of 2026, could make investors hesitant about the company's future performance and ability to manage its obligations, contributing to a depressed stock valuation.

    4. Persistent Underperformance Despite Earnings Beats.

    Even though Rithm Property Trust's fiscal Q2 2026 revenue and earnings per share (EPS) exceeded analyst estimates by 60% and by surpassing analyst estimates, respectively, the company's stock price has significantly lagged its earnings growth over the past three years. The share price has fallen by an average of 33% per year, while EPS increased by 69% annually over the same period. This suggests that company-specific operational improvements have not been sufficient to overcome broader market skepticism or other inherent concerns, leading to a continued decline in stock value during the specified period.

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    Stock Movement Drivers

    Fundamental Drivers

    The -23.3% change in RPT stock from 5/31/2026 to 9/24/2026 was primarily driven by a -24.9% change in the company's P/E Multiple.
    (LTM values as of)53120269242026Change
    Stock Price ($)14.2910.95-23.3%
    Change Contribution By: 
    Total Revenues ($ Mil)10103.7%
    Net Income Margin (%)29.0%29.0%0.0%
    P/E Multiple37.928.4-24.9%
    Shares Outstanding (Mil)88-1.6%
    Cumulative Contribution-23.3%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    5/31/2026 to 9/24/2026
    ReturnCorrelation
    RPT-23.3% 
    Market (SPY)1.7%13.0%
    Sector (XLF)6.1%17.4%

    Fundamental Drivers

    The -21.0% change in RPT stock from 2/28/2026 to 9/24/2026 was primarily driven by a -60.1% change in the company's P/E Multiple.
    (LTM values as of)22820269242026Change
    Stock Price ($)13.8710.95-21.0%
    Change Contribution By: 
    Total Revenues ($ Mil)71038.1%
    Net Income Margin (%)19.7%29.0%46.8%
    P/E Multiple71.328.4-60.1%
    Shares Outstanding (Mil)88-2.3%
    Cumulative Contribution-21.0%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    2/28/2026 to 9/24/2026
    ReturnCorrelation
    RPT-21.0% 
    Market (SPY)12.4%18.7%
    Sector (XLF)6.9%21.5%

    Fundamental Drivers

    The -22.0% change in RPT stock from 8/31/2025 to 9/24/2026 was primarily driven by a -49.9% change in the company's P/S Multiple.
    (LTM values as of)83120259242026Change
    Stock Price ($)14.0310.95-22.0%
    Change Contribution By: 
    Total Revenues ($ Mil)61059.2%
    P/S Multiple16.48.2-49.9%
    Shares Outstanding (Mil)88-2.3%
    Cumulative Contribution-22.0%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2025 to 9/24/2026
    ReturnCorrelation
    RPT-22.0% 
    Market (SPY)20.3%16.9%
    Sector (XLF)2.6%23.9%

    Fundamental Drivers

    The -64.9% change in RPT stock from 8/31/2023 to 9/24/2026 was primarily driven by a -229.0% change in the company's P/S Multiple.
    (LTM values as of)83120239242026Change
    Stock Price ($)31.2310.95-64.9%
    Change Contribution By: 
    Total Revenues ($ Mil)-1910-154.3%
    P/S Multiple-6.48.2-229.0%
    Shares Outstanding (Mil)48-50.0%
    Cumulative Contribution-64.9%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2023 to 9/24/2026
    ReturnCorrelation
    RPT-64.9% 
    Market (SPY)76.8%31.5%
    Sector (XLF)66.3%31.5%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    RPT Return34%-38%-17%-39%2%-28%-70%
    Peers Return21%-21%18%2%13%-17%8%
    S&P 500 Return27%-19%24%23%16%13%105%

    Monthly Win Rates [3]
    RPT Win Rate58%33%50%25%58%44% 
    Peers Win Rate58%50%52%60%60%38% 
    S&P 500 Win Rate75%42%67%75%67%56% 

    Max Drawdowns [4]
    RPT Max Drawdown-15%-41%-50%-49%-27%-33% 
    Peers Max Drawdown-15%-37%-31%-15%-22%-27% 
    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 9/24/2026 (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).

    AI Analysis | Feedback

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    AI Analysis | Feedback

    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.

    Peer Outperformance in Mortgage REITs

    RPT has trailed 91% of its 32 Mortgage REITs peers over 5Y. Mortgage REITs ranks 16th of 18 industries in Financials by median 5Y return. The sector’s gains have largely come from elsewhere.
    Share of Mortgage REITs constituents that RPT has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    31%
    of 36 industry peers · -22.0% return
    3Y
    11%
    of 35 industry peers · -63.6% return
    5Y
    9%
    of 32 industry peers · -77.7% return
    No Mortgage REITs peer with a comparable growth profile has beaten RPT by more than 20pp over 5Y.
    Median price return by industry across the Financials sector, ranked by 5Y. Mortgage REITs is RPT's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Reinsurance 7 23.5%66.1%114.7% SPNT 176% · RGA 147% · RNR 144%
    Diversified Banks 13 32.7%126.4%108.3% CM 145% · RY 136% · JPM 135%
    Investment Banking & Brokerage 13 -4.9%102.7%105.3% IBKR 488% · SNEX 259% · HOOD 169%
    Life & Health Insurance 20 4.8%49.0%95.3% JXN 492% · UNM 335% · FG 187%
    Multi-Sector Holdings 4 4.9%45.2%77.9% JONE 361% · BRK-B 82% · VOYA 74%
    Property & Casualty Insurance 42 6.4%65.2%63.1% ASIC 2653900% · HRTG 386% · UVE 302%
    Regional Banks 266 24.0%90.7%60.5% ESQ 373% · BLX 345% · GCBC 304%
    Multi-line Insurance 9 5.6%68.2%56.7% GNW 156% · L 102% · SLF 94%
    Financial Exchanges & Data 15 -0.7%17.0%30.0% VIRT 161% · CBOE 127% · CME 68%
    Diversified Financial Services 4 -5.6%26.3%27.6% FRHC 173% · EQH 103% · TMS -48%
    Consumer Finance 30 -2.5%80.1%16.9% ENVA 414% · EZPW 295% · FCFS 162%
    Insurance Brokers 16 -21.2%-11.5%9.9% LIFE 244% · ARX 88% · CRD-A 58%
    Commercial & Residential Mortgage Finance 15 -46.4%20.8%9.3% FNMA 428% · FMCC 390% · ACT 171%
    Asset Management & Custody Banks 87 -10.1%9.4%6.1% WT 331% · SII 274% · VCTR 271%
    Specialized Finance 3 12.8%39.4%-7.6% EFC 24% · CACC -8% · HASI -20%
    Mortgage REITs ← 33 -13.8%5.8%-26.0% NREF 52% · RITM 36% · DX 25%
    Transaction & Payment Processing Services 17 -0.8%-8.2%-46.0% V 65% · MA 63% · CPAY 50%
    Diversified Capital Markets 25 -30.4%8.1%-47.3% OPY 195% · CD 108% · LPLA 99%
    Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

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    SWMRSwarmer0.4-43.4%-29.1%
    IMUXImmunic0.4-43.2%74.6%
    GSHDGoosehead Insurance1.0-39.7%-40.7%
    PRLDPrelude Therapeutics0.4-39.5%37.6%
    CTEVClaritev0.4-37.9%-45.4%

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    Peer Comparisons

    Peers to compare with:

    Financials

    RPTNLYAGNCSTWDBXMTABRMedian
    NameRithm Pr.Annaly C.AGNC Inv.Starwood.Blacksto.Arbor Re. 
    Mkt Price10.9520.609.6214.3612.394.0711.67
    Mkt Cap0.115.211.15.32.10.83.7
    Rev LTM103,1722,401812609472711
    Op Inc LTM-------
    FCF LTM-11-314886481353312332
    FCF 3Y Avg-121,265420531367373397
    CFO LTM-118868861,091353312620
    CFO 3Y Avg-122,157420752367373397

    Growth & Margins

    RPTNLYAGNCSTWDBXMTABRMedian
    NameRithm Pr.Annaly C.AGNC Inv.Starwood.Blacksto.Arbor Re. 
    Rev Chg LTM59.2%238.3%384.1%1.8%25.7%-17.0%42.5%
    Rev Chg 3Y Avg-61.6%231.2%252.2%-10.0%-2.6%-11.4%-6.3%
    Rev Chg Q9.6%705.6%710.7%-5.7%18.1%-10.1%13.9%
    QoQ Delta Rev Chg LTM3.7%32.7%49.6%-1.2%4.1%-2.7%3.9%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM-103.4%27.9%36.9%134.4%57.9%66.0%47.4%
    CFO/Rev 3Y Avg--37.7%89.9%65.6%64.7%65.2%
    FCF/Rev LTM-103.4%-9.9%36.9%59.3%57.9%66.0%47.4%
    FCF/Rev 3Y Avg--37.7%62.8%65.6%64.7%63.8%

    Valuation

    RPTNLYAGNCSTWDBXMTABRMedian
    NameRithm Pr.Annaly C.AGNC Inv.Starwood.Blacksto.Arbor Re. 
    Mkt Cap0.115.211.15.32.10.83.7
    P/S8.24.84.66.53.41.64.7
    P/Op Inc-------
    P/EBIT-------
    P/E28.45.24.923.1135.613.518.3
    P/CFO-8.017.212.64.85.92.55.4
    Total Yield19.6%33.2%36.1%17.6%16.0%41.7%26.4%
    Dividend Yield16.1%13.8%15.7%13.3%15.2%34.3%15.5%
    FCF Yield 3Y Avg-9.2%13.4%3.6%8.5%12.0%21.3%10.2%
    D/E3.82.50.02.67.67.43.2
    Net D/E3.02.5-0.02.67.37.02.8

    Returns

    RPTNLYAGNCSTWDBXMTABRMedian
    NameRithm Pr.Annaly C.AGNC Inv.Starwood.Blacksto.Arbor Re. 
    1M Rtn-16.9%-10.8%-10.8%-10.9%-11.7%-21.0%-11.3%
    3M Rtn-21.9%-5.6%-6.4%-11.0%-26.6%-17.9%-14.4%
    6M Rtn-13.5%4.5%4.6%-12.9%-32.0%-42.7%-13.2%
    12M Rtn-22.0%12.9%12.9%-19.9%-26.9%-61.2%-21.0%
    3Y Rtn-63.6%56.4%54.5%-2.2%-23.4%-60.0%-12.8%
    1M Excs Rtn-17.2%-11.2%-11.2%-11.3%-12.0%-21.3%-11.7%
    3M Excs Rtn-26.6%-10.3%-11.1%-15.7%-31.3%-22.6%-19.2%
    6M Excs Rtn-30.9%-14.0%-15.3%-29.9%-48.2%-59.9%-30.4%
    12M Excs Rtn-37.1%-3.7%-3.4%-36.0%-43.1%-76.7%-36.6%
    3Y Excs Rtn-138.4%-24.2%-25.7%-80.9%-100.1%-135.8%-90.5%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date7/31/20265/1/20262/18/202611/4/20257/31/20255/2/20252/18/202511/1/20248/2/20245/3/20242/28/202411/3/2023
    Key Financials Quarterly            
    Total Revenue41324-25-1-9-66-9-1
    Net Income2-23-02-33-8-13-74-23-6
    EPS0.09-0.430.26-0.180.08-0.490.36-1.08-1.92-14.46-5.16-1.50
    Key Financials TTM            
    Total Revenue TTM1010796-7-71-85-86-78-17-13
    Net Income TTM3311-7-21-92-117-115-114-47-31
    Growth Rates Quarterly            
    Total Revenue Growth9.6%137.0%-36.2%313.9%140.8%97.3%158.6%20.5%-366.7%-1357.4%-89.0%84.6%
    Net Income Growth5.6%41.4%11.3%96.6%114.9%95.4%112.9%-44.9%-10.9%-900.5%-260.2%41.4%
    Margins Quarterly            
    Net Income Margin47.5%-298.8%94.9%-13.7%49.3%-54.4%-----
    Cash & Debt            
    Total Cash67145129405423422126251213225184195
    Total Debt321328335344350359366374384610622635
    Net Debt / (Cash)254183206-61-73-63240124171385437440
    Cash Flows Quarterly            
    FCF from Operations-1-3-1-6-0-2-2-516-8-12-11
    Cash Flows TTM            
    FCF from Operations TTM-11-10-8-10-970-9-15-38-46-37
    Returns to Shareholders Quarterly            
    Dividends443333332445
    Share Repurchases00-0-0-0-0-0-0-0-0-0-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC1.1%-1.3%2.0%-0.3%2.0%-3.5%1.1%-6.2%-9.1%-38.3%-11.4%-2.8%
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM0.4%0.5%0.2%-0.0%-2.0%-5.8%-14.7%-22.7%-20.4%-14.8%-5.9%-3.9%

    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
    $ Mil20252024
    Residential26-59
    Commercial-16
    Corporate Category-23-40
    Total1-93


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


    Price Behavior

    Price Behavior
    Market Price$10.95 
    Market Cap ($ Bil)0.1 
    First Trading Date12/28/1988 
    Distance from 52W High-34.3% 
       50 Days200 Days
    DMA Price$12.30$13.72
    DMA Trenddowndown
    Distance from DMA-11.0%-20.2%
     3M1YR
    Volatility51.5%37.0%
    Downside Capture201.1780.14
    Upside Capture35.7536.64
    Correlation (SPY)26.2%16.6%
    RPT Betas & Captures as of 8/31/2026

     1M2M3M6M1Y3Y
    Beta-0.371.050.370.470.460.88
    Up Beta-1.091.080.780.330.401.04
    Down Beta1.811.73-0.180.380.340.62
    Up Capture7%22%10%32%29%32%
    Bmk +ve Days10213268138427
    Stock +ve Days10182858113325
    Down Capture-71%148%73%77%71%105%
    Bmk -ve Days11213259113324
    Stock -ve Days11233465126373

    [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-21.4%36.9%-0.58-
    Sector ETF (XLF)2.7%14.7%-0.0424.1%
    Equity (SPY)16.7%13.0%0.9216.8%
    Gold (GLD)13.1%29.3%0.425.3%
    Commodities (DBC)45.1%20.7%1.71-3.4%
    Real Estate (VNQ)3.7%13.7%0.0116.3%
    Bitcoin (BTCUSD)-24.8%44.8%-0.5112.0%

    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-26.1%39.3%-0.66-
    Sector ETF (XLF)9.5%18.4%0.3837.0%
    Equity (SPY)12.9%17.2%0.5735.7%
    Gold (GLD)19.0%18.8%0.828.8%
    Commodities (DBC)10.6%19.6%0.426.3%
    Real Estate (VNQ)0.7%18.9%-0.0737.1%
    Bitcoin (BTCUSD)12.0%52.6%0.419.2%

    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-9.8%43.6%-0.06-
    Sector ETF (XLF)13.0%22.1%0.5338.8%
    Equity (SPY)15.5%17.9%0.7334.4%
    Gold (GLD)12.0%16.4%0.604.0%
    Commodities (DBC)8.5%18.1%0.3913.7%
    Real Estate (VNQ)4.8%20.7%0.1940.2%
    Bitcoin (BTCUSD)63.7%66.2%1.0310.6%

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

    Short Interest

    Short Interest: As Of Date8312026
    Short Interest: Shares Quantity0.2 Mil
    Short Interest: % Change Since 8152026-3.5%
    Average Daily Volume0.0 Mil
    Days-to-Cover Short Interest7.5 days
    Basic Shares Quantity7.7 Mil
    Short % of Basic Shares2.3%

    Returns Analyses

    Earnings Returns History

    Updated 8/28/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/28/2026-1.4%-2.4%6.3%
    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%
    ...
    SUMMARY STATS   
    # Positive131112
    # Negative111312
    Median Positive3.1%3.3%7.1%
    Median Negative-3.9%-2.4%-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
    7/28/2026-1.4%-2.4%6.3%
    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   
    # Positive131112
    # Negative111312
    Median Positive3.1%3.3%7.1%
    Median Negative-3.9%-2.4%-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
    06/30/202607/31/202610-Q
    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
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202607/31/202610-Q
    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

    Industry Resources

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