Filing Flows › Real Estate › Rithm Property Trust (RPT)
Rithm Property Trust (RPT) earnings and revenue breakdown
Latest: Q1 2025 · 10-Q filed May 2, 2025 · Rithm Property Trust (RPT) Q1 2025 earnings results →
Rithm Property Trust made $249K in Q1 2025. Operating margin n/m, net loss $3.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed May 2, 2025.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $249K in Q1 2025, down 96% from the previous quarter.
Operating costs exceeded revenue by $3.5M, an operating margin of -1416.5%. The quarter ended with a net loss of $3.4M, after a profit of $1.8M the previous quarter.
Operating cash flow was −$1.6M. Working capital and other items added $1.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 2025 | 10-Q | May 2, 2025 | $249K | — | n/m | −$3.4M | −$1.6M |
| Q4 2024 | 10-K | Feb 18, 2025 | $5.6M | — | 31.6% | $2.9M | −$2.4M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Rithm Property Trust
Rithm Property Trust (formerly Great Ajax Corp.), a Maryland corporation, is an externally managed REIT formed on January 30, 2014, and capitalized on March 28, 2014, by its then sole stockholder, Aspen Yo LLC, an affiliate of the Aspen Capital group of companies. The Company focuses on investments in the CRE sector. On June 11, 2024, the Company completed its previously announced strategic transaction with Rithm (such transactions together, the “Strategic Transaction”). In connection with the Strategic Transaction, the Company entered into a Securities Purchase Agreement (the “SPA”) pursuant to which, following stockholder approval on May 20, 2024, it issued $14.0 million of common stock, par value $0.01 (“Common Stock”), to Rithm.
In its own words, from its 10-K, filed Feb 18, 2026.
Rithm Property Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| RPT Rithm Property Trust | Q1 2025 | $249K | — | n/m |
| 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 Property Trust 10-Q on SEC EDGAR · CIK 1614806 · Real Estate Investment Trusts
13F: who owns RPT and who is buying
More on RPT
History
Every quarter: Q1 2025 results · Q4 2024 results