Rithm Property Trust reported a net loss for the first quarter of 2026 as market-driven adjustments weighed on comprehensive income, though the real estate investment platform maintained its quarterly dividend distribution.
The New York-based REIT (NYSE:RPT), which is externally managed by an affiliate of Rithm Capital Corp., posted a GAAP comprehensive loss of $3.2 million, or $0.42 per diluted common share, for the quarter ended March 31, 2026.
This performance marks a decline from the $2.5 million in comprehensive income reported in the final quarter of 2025.
Non-GAAP earnings available for distribution (EAD) also remained in negative territory at $(0.3) million, or $(0.04) per share, though this represented a slight improvement from the $(0.06) per share EAD reported in the previous period.
Despite the quarterly loss, Rithm Property Trust’s Board of Directors maintained its commitment to shareholder returns.
The company paid a first-quarter common dividend of $2.8 million, or $0.36 per common share.
Additionally, a dividend for the 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock was declared at $0.6171875 per share, payable in mid-May.
The company’s book value per common share stood at $30.83 as of March 31, 2026, based on approximately 7.66 million common shares outstanding.
The figure reflects the ongoing valuation adjustments within its flexible commercial real estate investment strategy.