EAD improved sharply to $0.23 from -$0.01 QoQ, but the company is not holding a conference call, reducing near-term catalyst potential. Monitor the next 10-Q for credit performance on the $97M residential transition loan portfolio and any further balance sheet growth.
Price Chart
Executive Summary
Rithm Property Trust reported Q3 2026 GAAP comprehensive income of $1.3 million ($0.17 per diluted share), in line with consensus. The company generated Earnings Available for Distribution (EAD) of $1.8 million ($0.23 per diluted share), a significant sequential improvement from a -$0.01 loss in Q2. Net interest income rose to $6.1 million from $4.1 million QoQ, driven by a $97 million UPB investment in residential transition loans. The common dividend was maintained at $0.36 per share.
Key Financial Metrics
Key Facts
- GAAP comprehensive income of $1.3 million, or $0.17 per diluted common share, in line with consensus of $0.17
- Earnings Available for Distribution (EAD) of $1.8 million, or $0.23 per diluted common share, vs -$0.01 in Q2 2026
- Net interest income rose to $6.1 million from $4.1 million in Q2 2026
- Book value per common share of $29.82
- Common dividend maintained at $0.36 per share
- Invested $97.0 million UPB in residential transition loans funded by $24.7 million cash and repurchase facility borrowings
- No conference call will be held for Q3 2026 results
Financial Impact
GAAP comprehensive income of $1.3M, EAD of $1.8M, net interest income $6.1M
Risk Factors
- Unrealized losses on available-for-sale securities of $0.6 million in Q3
- Accumulated deficit of $180.8 million
- No conference call limits management commentary on forward outlook
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001614806-26-000023 |
| Document: 0001614806-26-000023-index-headers.html | 0001614806-26-000023 |
| Document: 0001614806-26-000023-index.html | 0001614806-26-000023 |
| Document: 0001614806-26-000023.txt | 0001614806-26-000023 |
| 8-K Data (Synthetic) | 0001614806-26-000023 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $11.45 | awaiting T+60 | — | $11.10 (−3.06%) |
Sep 22, 2026 5w ago | Institutional Cluster | $11.30 | awaiting T+60 | — | $11.10 (+1.77%) |
Jul 28, 2026 13w ago | 8-K | $12.15 $11.45 | ▲ +5.76% | ▲ +10.49% | $11.10 (+8.64%) |
Jul 21, 2026 14w ago | 8-K | $12.27 $10.57 | ▲ +13.85% | ▲ +17.83% | $11.10 (+9.54%) |
Jul 13, 2026 15w ago | 8-K | $12.76 $10.71 | ▼ −16.07% | ▼ −19.44% | $11.10 (−13.01%) |
May 19, 2026 23w ago | 8-K | $25.01 $25.12 | ▲ +0.43% | ▼ −4.57% | $11.10 (−55.61%) |
Apr 24, 2026 26w ago | 8-K | $24.71 $25.16 | ▼ −1.82% | ▲ +3.26% | $11.10 (+55.08%) |
US Market Status
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