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Rithm Property Trust Inc. (RPT)



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Upturn Advisory Summary
04/01/2025: RPT (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -46.49% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 243410 | Beta - | 52 Weeks Range 2.60 - 3.65 | Updated Date 02/26/2025 |
52 Weeks Range 2.60 - 3.65 | Updated Date 02/26/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding 45000000 | Shares Floating - |
Shares Outstanding 45000000 | Shares Floating - | ||
Percent Insiders - | Percent Institutions - |
Analyst Ratings
Rating 4.33 | Target Price - | Buy - | Strong Buy 2 |
Buy - | Strong Buy 2 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Rithm Property Trust Inc.
Company Overview
History and Background
Rithm Property Trust Inc., formerly New Residential Investment Corp., was founded in 2011. It focuses on investing in and managing assets related to the residential real estate market. The company has grown through acquisitions and strategic investments to become a diversified real estate investment trust (REIT).
Core Business Areas
- Residential Securities: Investing in residential mortgage-backed securities (RMBS), including agency and non-agency securities. Rithm also owns and manages a portfolio of mortgage servicing rights (MSRs).
- Origination and Servicing: Rithm has investments in originators and servicers of residential loans. This includes both traditional mortgage originators and those focused on specialized lending.
- Single-Family Rentals (SFR): Investments in and management of single-family rental properties.
- Consumer Loans: Investing in consumer loan portfolios.
Leadership and Structure
Michael Nierenberg serves as the Chairman, Chief Executive Officer, and President. The company operates with a traditional corporate structure for a REIT, with a board of directors overseeing management.
Top Products and Market Share
Key Offerings
- Mortgage Servicing Rights (MSRs): MSRs represent a significant portion of Rithm's assets, providing recurring servicing income. Market share data is difficult to pinpoint exactly for MSRs in general since there are many players in the market. Competitors include PennyMac Financial Services (PFSI) and Mr. Cooper Group (COOP).
- Residential Mortgage-Backed Securities (RMBS): Investments in RMBS generate interest income and capital appreciation. Market share data is not directly applicable to RMBS investments. Competitors include Annaly Capital Management (NLY) and AGNC Investment Corp. (AGNC).
- Single-Family Rentals (SFR): Rithm owns a large portfolio of single-family rental properties. American Homes 4 Rent (AMH) and Invitation Homes (INVH) are competitors.
Market Dynamics
Industry Overview
The real estate investment trust (REIT) industry is influenced by interest rates, economic growth, and housing market conditions. REITs provide investors with exposure to real estate assets and income streams.
Positioning
Rithm Property Trust Inc. positions itself as a diversified REIT with a focus on residential real estate and related assets. Its competitive advantages include its scale, experienced management team, and diversified investment strategy.
Total Addressable Market (TAM)
The TAM for residential mortgages and related assets is substantial, estimated in the trillions of dollars. Rithm is positioned to capture a portion of this market through its various investment strategies. The SFR market is also substantial.
Upturn SWOT Analysis
Strengths
- Diversified investment portfolio
- Experienced management team
- Scale and access to capital
- Strong dividend yield
Weaknesses
- Sensitivity to interest rate changes
- Reliance on external management (previously)
- Complexity of investment portfolio
- Exposure to credit risk
Opportunities
- Expansion into new asset classes
- Strategic acquisitions and partnerships
- Growth in the single-family rental market
- Increased demand for residential mortgage credit
Threats
- Rising interest rates
- Economic recession
- Increased competition
- Changes in government regulations
Competitors and Market Share
Key Competitors
- NLY
- AGNC
- ARR
- IVR
Competitive Landscape
Rithm Property Trust Inc. competes with other REITs and investment firms for capital and investment opportunities. Its advantages include its diversified investment strategy, scale, and experienced management team. Disadvantages include its sensitivity to interest rate changes and the complexity of its investment portfolio.
Major Acquisitions
Genesis Capital LLC
- Year: 2020
- Acquisition Price (USD millions): 227
- Strategic Rationale: Expansion into business-purpose lending.
Great Ajax Corp.
- Year: 2022
- Acquisition Price (USD millions): 500
- Strategic Rationale: Increased assets and strengthened the MSR portfolio.
Growth Trajectory and Initiatives
Historical Growth: Rithm Property Trust Inc.'s growth has been driven by acquisitions and organic growth within its existing businesses. Historical revenue and asset growth rates are available in financial reports.
Future Projections: Future growth projections are typically based on analyst estimates. These estimates consider factors such as interest rate trends, housing market conditions, and company-specific initiatives.
Recent Initiatives: Recent strategic initiatives include acquisitions in the mortgage servicing and origination sectors, as well as expansion of the single-family rental portfolio.
Summary
Rithm Property Trust Inc. is a diversified REIT focused on residential real estate and related assets. Its strengths lie in its diversified portfolio and experienced management. However, its sensitivity to interest rate changes and the complexity of its investments are areas of concern. Future growth opportunities include expanding into new asset classes and strategic acquisitions.
Similar Companies
- NLY
- AGNC
- TWO
- IVR
- ARR
Sources and Disclaimers
Data Sources:
- Company filings (10-K, 10-Q)
- Analyst reports
- Company press releases
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and thorough research.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Rithm Property Trust Inc.
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2015-02-13 | CEO & Director Mr. Michael Nierenberg | ||
Sector Real Estate | Industry REIT - Mortgage | Full time employees - | |
Full time employees - |
Rithm Property Trust Inc. operates as a mortgage real estate investment trust in the United States. It acquires re-performing and non-performing loans; acquires or originates commercial real estate assets, including senior loans, subordinated debt, mezzanine loans, preferred equity, SBC loans, commercial mortgage servicing rights, commercial real estate properties, CRT and SRT transactions, operating businesses, and other securities. The company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was formerly Great Ajax Corp. and changed its name to Rithm Property Trust Inc. in December 2024. The company was incorporated in 2014 and is based in New York, New York.
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