Rithm Property Trust Inc.

Rithm Property Trust Inc. reported modest profitability for fiscal year 2025, with net income attributable to the company of $1.5 million. However, after accounting for $4.2 million in preferred stock dividends, common stockholders incurred a net loss of $2.7 million. The company generated $15.4 million in net interest income from $52.8 million in interest income and $37.4 million in interest expense. Total expenses amounted to $16.0 million, primarily driven by related party management fees ($6.3 million) and general and administrative costs ($4.2 million). Other income contributed $2.1 million, largely from a $5.9 million unrealized gain on residential mortgage loans held-for-sale, partially offset by a $7.0 million increase in credit loss allowances. The balance sheet shows total assets of $1.04 billion, with significant holdings in residential mortgage loans ($362.8 million) and commercial mortgage-backed securities ($273.8 million). Total liabilities stood at $750.4 million, resulting in stockholders' equity of $291.1 million. Cash flow from operations was negative at -$8.3 million, while financing activities provided $57.4 million primarily from preferred stock issuance and increased repurchase agreements.

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