Business
Rithm Property Trust Announces Reverse Stock Split
NEW YORK, December 19, 2025--Rithm Property Trust Inc. (NYSE: RPT, "RPT" or the "Company") today announced that its Board of Directors unanimously approved a one-for-six reverse stock split (the "Reverse Stock Split") of the Company’s issued and outstanding shares of common stock (the "Common Stock").
About this update from Rithm Property Trust Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":260,"url":"https://media.zenfs.com/en/business-wire.com/bfea1df0caf365e92f2953b24e73635f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/mbIQKRIyvKVEF0E6Vql76w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTUyMDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/bfea1df0caf365e92f2953b24e73635f","width":480,"height":260}},"lazy":false},{"type":"text","content":"NEW YORK, December 19, 2025--(BUSINESS WIRE)--Rithm Property Trust Inc. (NYSE: RPT, "RPT" or the "Company") today announced that its Board of Directors unanimously approved a one-for-six reverse stock split (the "Reverse Stock Split") of the Company’s issued and outstanding shares of common stock (the "Common Stock").","length":359,"tagName":"p"},{"type":"text","content":"The Reverse Stock Split is expected to take effect as of 5:00 p.m. Eastern Time, on December 30, 2025. Accordingly, at such time, every six issued and outstanding shares of Common Stock will be converted into one share of Common Stock. Corresponding adjustments to the outstanding common units of the Company’s operating partnership will become effective at the respective times.","length":379,"tagName":"p"},{"type":"text","content":"The Common Stock will continue to trade on The New York Stock Exchange ("NYSE") under the symbol "RPT" and is expected to begin trading on a Reverse Stock Split-adjusted basis beginning on December 31, 2025, under the new CUSIP number 38983D 854. As a result of the reverse stock split, the number of outstanding shares of RPT’s Common Stock will be reduced from approximately 45.4 million to approximately 7.6 million.","length":439,"tagName":"p"},{"type":"text","content":"No fractional shares will be issued in connection with the Reverse Stock Split. Instead, each stockholder that would hold fractional shares as a result of the Reverse Stock Split will be entitled to receive a cash payment in lieu of such fractional shares. The Reverse Stock Split will apply to all of the outstanding shares of Common Stock and therefore will not affect any stockholder’s ownership percentage of shares of Common Stock, except for de minimis changes resulting from the payment of cash in lieu of fracti...