Rithm Property Trust Inc.
Close on Oct 19, 2026
- Market cap
- $83.96M
- P/E (TTM)
- –
- Dividend yield
- 13.28%
About Rithm Property Trust
Real Estate Investment Trusts, SIC 6798
Rithm Property Trust Inc. is an externally managed real estate investment trust that specializes in commercial real estate investments. Managed by RCM GA, an affiliate of Rithm, the company focuses on originating, acquiring, and managing a diversified portfolio of debt and equity assets. Target investment classes include senior and subordinated commercial mortgages, mezzanine loans, preferred equity, commercial mortgage servicing rights, commercial properties, and other commercial real estate-related instruments. The company conducts its operations through subsidiaries and caters to borrowers, real estate operators, and commercial property owners across the commercial real estate market.
The company is headquartered in New York, New York, following a relocation from its prior offices. Its property holdings include an indirect minority interest in the PGRE Portfolio, which comprises ten commercial properties situated in New York, New York, and San Francisco, California. The firm does not maintain any direct employees, conducting its day-to-day operations and investment activities entirely through its external manager and affiliated service providers.
Summary of the business section of Rithm Property Trust's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Rithm Property Trust Inc.
- Founded
- 2014
- Headquarters
- New York, NY
- Address
- 799 Broadway, Floor 8 10022
- Phone
- (646) 868-5483
- Website
- rithmpropertytrust.com
- Employees
- 83, Dec 31, 2015
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young LLP, New York, New York
Stock & identifiers
- Ticker
- RPT
- Other tickers
- RPT.PC
- Exchange
- NYSE
- IPO date
- Feb 17, 2015
- Shares outstanding
- 8M, Jul 28, 2026
- Public float
- $104.30M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 1-for-6 reverse, Feb 18, 2026; 1-for-6 reverse, Dec 31, 2025
- SEC CIK
- 1614806
- CUSIP
- 38983D854
- ISIN
- US38983D8544
- LEI
- 5493004ID2QQWNGDYC18
- EIN
- 46-5211780
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Nicola Santoro Jr | Chief Financial Officer | 350 |
| Paul M. Friedman | Director | 55,942 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2024 Lawrence Mendelsohn | – | -$29.30K | $358.14K | $51 | – |
| FY2023 Lawrence Mendelsohn | – | -$21.89K | $327.18K | $83 | – |
| FY2022 Lawrence Mendelsohn | $167.36K | $61.76K | $358.80K | $109 | – |
| FY2021 Lawrence Mendelsohn | $179.06K | $226.65K | $102.32K | $143 | $73 |
| FY2020 Lawrence Mendelsohn | $38.20K | -$6.35K | $76.40K | $118 | $69 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“Aspen and its affiliates, including the Servicer, have approximately 83 employees who may provide services to us or to our Manager or the Servicer for our benefit.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Dec 19, 2025 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 12, 2025 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Mar 3, 2025 | Listing | Registration of securities on an exchange (Form 8-A) |
| Nov 13, 2024 | Name change | Name changed from Great Ajax Corp. to Rithm Property Trust Inc. |
| Apr 30, 2024 | Delisting | Notice of delisting from exchange (Form 25) |
| Apr 25, 2017 | Listing | Registration of securities on an exchange (Form 8-A) |
| Feb 17, 2015 | IPO | Initial public offering priced (424B4 prospectus) |
| Feb 10, 2015 | Listing | Registration of securities on an exchange (Form 8-A) |