Rithm Property Trust Posts $1.812 Million in Q3 2026 Earnings Available for Distribution

Rithm Property Trust, a commercial real estate investment trust, had $1.812 million in earnings available for distribution for the three months ended Sept. 30, 2026. The non-GAAP measure equaled $0.23 per diluted common share, compared with a $46,000 loss, or $0.01 per diluted share, in the second quarter.

GAAP comprehensive income attributable to common stockholders was $1.321 million, or $0.17 per diluted share, for the third quarter. In Q2, those figures were $645,000 and $0.08 per share. Interest income was $15.061 million, interest expense was $9.006 million and net interest income was $6.055 million in the third quarter.

The distribution calculation leaves out specified investment gains and losses, amounts tied to noncontrolling interests and other adjustments. It should be read alongside GAAP comprehensive income and operating cash flow, rather than used in their place.

Three securitization paydowns returned $37.3 million in principal. After related financing was repaid, the transactions left $20.7 million in net cash proceeds. The trust also purchased residential transition loans originated by Genesis Capital LLC, with $97 million in unpaid principal balance and a $29.6 million unfunded commitment. Funding included repurchase-facility borrowings and $24.7 million in cash.

The board declared a $0.36-per-share common dividend on Oct. 20. It is payable Nov. 30 to stockholders of record Oct. 30.