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Rithm Perpetual Life Residential Trust earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 10, 2026
Q2 2026 24¢ of every $1 of revenue kept as net profit · operating margin -5.3%
Rithm Perpetual Life Residential Trust made $11.2M in Q2 2026. Operating margin -5.3%, net earnings $2.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $11.2M in Q2 2026, up 55% from the previous quarter.
Operating costs exceeded revenue by $591K, an operating margin of -5.3%. Net earnings were $2.7M. The effective tax rate was 0.0%. Non-operating items added $3.3M, 122% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.9M, 106% of net earnings. Non-cash charges added back $49K of share-based compensation.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 10, 2026 | $11.2M | — | -5.3% | $2.7M | $2.9M |
| Q1 2026 | 10-Q | May 12, 2026 | $7.2M | — | -1.0% | $1.5M | $1.7M |
Interactive views
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🌏Named in Asian annual reportsinteractive
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About Rithm Perpetual Life Residential Trust
The following description of our business should be read in conjunction with the consolidated financial statements and notes thereto included elsewhere in this Annual Report on Form 10‑K for the year ended December 31, 2025. This discussion contains forward‑looking statements that involve risks and uncertainties. Actual results could differ significantly from the results discussed in the forward‑looking statements due to the factors set forth in “Part I. Item 1A. Risk Factors” and elsewhere in this Annual Report on Form 10‑K. We are a Maryland statutory trust formed on July 31, 2025. We are externally managed by the Adviser, an affiliate of the Sponsor. Our investment strategy is to invest primarily in North America in asset-based finance (“ABF”) opportunities.
In its own words, from its 10-K, filed Mar 6, 2026.
Rithm Perpetual Life Residential Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Operating margin: -5.3% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| Rithm Perpetual Life Residential Trust | Q2 2026 | $11.2M | — | -5.3% |
| WELL Welltower | Q3 2026 | $3.7B | +38% | 9.1% |
| AMT American Tower | Q3 2026 | $2.8B | +2% | 45.6% |
| EQIX Equinix | Q3 2026 | $2.6B | +11% | 23.3% |
| PLD Prologis | Q1 2026 | $2.3B | +7% | 52.7% |
| IRM Iron Mountain | Q3 2026 | $2.0B | +14% | 20.6% |
| DLR Digital Realty Trust | Q3 2026 | $1.9B | +21% | 15.9% |
| WY Weyerhaeuser | Q3 2026 | $1.9B | +8% | 5.4% |
| VTR Ventas | Q3 2026 | $1.8B | +23% | 2.9% |
Source: Rithm Perpetual Life Residential Trust 10-Q on SEC EDGAR · CIK 2081628 · Real Estate Investment Trusts