v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 66,703 $ 79,321
Restricted cash 411 811
Residential mortgage loans held-for-investment, net [1] 348,147 362,829
Residential mortgage loans held-for-sale, net 16,072 29,419
Residential transition loans, at fair value(5) [2] 117,730 0
Commercial real estate equity method investments [3] 79,466 79,168
Other assets 26,013 26,249
Total Assets 928,744 1,041,527
Liabilities    
Secured bonds payable, net [1] 212,249 226,243
Repurchase financing agreements [4] 311,341 407,072
Unsecured notes, net 108,938 108,507
Accrued expenses and other liabilities 11,371 8,608
Total Liabilities 643,899 750,430
Commitments and Contingencies – see Note 9
Stockholders’ Equity    
Preferred stock, $0.01 par value, 25,000,000 shares authorized, 2,084,232 shares issued and outstanding, $52,106 aggregate liquidation preference 50,785 50,785
Common stock $0.01 par value, 125,000,000 shares authorized, 8,049,957 and 7,848,703 shares issued and 7,772,564 and 7,571,699 shares outstanding, respectively 78 76
Additional paid-in capital 430,298 425,703
Treasury stock (11,596) (11,596)
Accumulated deficit (182,654) (171,768)
Accumulated other comprehensive loss (1,611) (1,647)
Stockholders’ Equity in Rithm Property Trust Inc. 285,300 291,553
Noncontrolling interests (455) (456)
Total Stockholders’ Equity 284,845 291,097
Total Liabilities and Equity 928,744 1,041,527
CMBS    
Assets    
Commercial mortgage-backed securities, at fair value [5] 84,365 273,783
RMBS    
Assets    
Residential mortgage-backed securities [6] $ 189,837 $ 189,947
[1] Residential mortgage loans held-for-investment (“HFI”), net includes $346.9 million and $361.6 million of loans as of June 30, 2026 and December 31, 2025, respectively, transferred to consolidated securitization trusts. These loans can only be used to settle obligations of the trusts. Secured bonds payable, net consists of notes issued by such trusts that can only be settled with the assets and cash flows of such specific trust. The creditors do not have recourse to Rithm Property Trust Inc.
[2] Residential transition loans (“RTLs” and each, an “RTL”), at fair value had an amortized cost of $117.6 million as of June 30, 2026.
[3] Includes commercial real estate (“CRE”) equity method investments at fair value of $61.9 million and $61.6 million as of June 30, 2026 and December 31, 2025, respectively.
(5)Residential transition loans (“RTLs” and each, an “RTL”), at fair value had an amortized cost of $117.6 million as of June 30, 2026.
(6)Includes $0.2 million and $0.0 million of unamortized financing costs as of June 30, 2026 and December 31, 2025, respectively.
[4] Includes $0.2 million and $0.0 million of unamortized financing costs as of June 30, 2026 and December 31, 2025, respectively.
[5] Commercial mortgage-backed securities (“CMBS”), at fair value had an amortized cost of $84.3 million and $273.4 million as of June 30, 2026 and December 31, 2025, respectively.
[6] Includes residential mortgage-backed securities (“RMBS”) available-for-sale (“AFS”), at fair value of $48.0 million and $49.2 million which had amortized cost of $47.8 million and $48.8 million as of June 30, 2026 and December 31, 2025, respectively. RMBS investments in beneficial interests carried at amortized cost are net of loss allowance of $0.0 million as of June 30, 2026 and December 31, 2025.