Rithm Property Trust Inc. (RPT) Stock

Rithm Property Trust Inc. (RPT) is a Real Estate stock trading at $13.24 (as of 2026-08-21), with a market capitalization of $102.95M and a trailing P/E of 34.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange. The common shares of the Company, par value $0.01 per share are listed and traded on the NYSE under the ticker symbol RPT. As of June 30, 2020, our property portfolio consisted of 49 shopping centers (including five shopping centers owned through a joint venture) representing 11.9 million square feet of gross leasable area. As of June 30, 2020, the Company's pro-rata share of the aggregate portfolio was 93.6% leased.

Understand Rithm Property Trust Inc.: how it makes money

Rithm Property Trust, RPT Realty, owns and operates open-air shopping destinations and is a self-administered REIT, with its performance tied to leasing activity with retail partners, reflected in metrics like leases signed and occupancy.

For a shopping-center REIT, leasing execution and resulting occupancy are the core structural drivers of operating performance, so metrics like leases signed, square feet signed, and occupancy track whether the portfolio is converting demand into income.

Business quality (Weak): The company has clear operational leasing KPIs (leases signed, square feet signed, occupancy), but the latest provided financial snapshot shows an operating margin of -15.9%, and there is no clean official segment revenue breakdown available from the provided data.

Bull case

  • Leasing and occupancy appear supported: The latest operating metrics show an Occupancy Rate of 89.9% along with 69 Leases Signed (and 700000 Square Feet Signed During the Period), which suggests the property portfolio is maintaining and/or adding tenants.
  • Leasing pipeline is being tracked: The company reports leasing pipeline measures such as Leasing Pipeline In Legal, Sign-Not-Commence Balance, and Sign-Not-Commence Balance as a Percentage of Annualized Net Operating Income, which can help investors track forward leasing progress.

Bear case

  • Profitability is under pressure in the latest snapshot: For the period shown (2026-03-31), the operating margin is -15.9%, indicating losses or expense levels above operating income in that period.
  • Broader credit and re-performing exposures are part of the picture: Operational KPIs include Market Value of Collateral, Loan and Security Sales Unpaid Principal Balance, and Remaining Legacy Re-Performing Mortgage-Backed Securities Portfolio (Unpaid Principal Balance), indicating the company also manages certain loan and mortgage-related exposures that can add risk beyond pure shopping-center leasing.
  • Some assets are being held for sale: The company reports Number of Real Estate Owned Properties Held for Sale of 24, which may signal active repositioning or that certain properties are not currently core to operations.
Valuation — source: SEC EDGAR (first-party)
Price$13.24
Market Cap$102.95M
P/E Ratio34.5
EV / EBITDA11.3
Price / Book0.36
Price / Sales1.61
DCF Value (model)$38.45
DCF Upside vs Price190.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$52.80M
Net Margin2.8%
Revenue Growth (YoY)-9.5%
EPS Growth (YoY)800.0%
Valuation vs Sector & Industry
Stock P/E34.5
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector27.0%
vs Industry-2.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderMagnetar Financial LLC ($21.95M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorReal Estate
IndustryTrading
CEOMichael Nierenberg
CountryUS
IPO Date2015-02-13

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

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RPT earnings history · RPT institutional & insider holders · RPT KPIs & operating metrics · RPT financials · RPT investor presentations & press releases · RPT SEC filings · RPT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.