Rithm Property Trust Inc. RPT

Company Overview

Rithm Property Trust Inc. is a publicly traded real estate investment trust (REIT) that focuses on owning and managing residential real estate assets, primarily single-family rental properties and related residential investments in the United States. The company operates within the residential real estate and housing-related financial services industry, generating revenue primarily through rental income and, to a lesser extent, asset dispositions and investment returns.

The company traces its roots to Great Ajax Corp., a mortgage-focused REIT formed in 2014, which historically invested in re-performing and non-performing residential mortgage loans. In 2023, Great Ajax Corp. was acquired by Rithm Capital Corp., after which the remaining public vehicle was restructured and renamed Rithm Property Trust Inc. to reflect a strategic shift away from mortgage loans toward direct ownership of residential real estate assets. This transition repositioned the company as an equity-focused residential REIT with an emphasis on stable rental cash flows.