Rithm Property Trust Inc. · NYSE:RPT
Rithm Property Trust — Q2 2026 Earnings Presentation
16 slides from Rithm Property Trust's earnings presentation, Jul 28, 2026
Slide 1: Quarterly Supplement Q2 2026
Quarterly Supplement Q2 2026
Slide 2: Disclaimers
Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the “Presentation.” FORWARD-LOOKING STATEMENTS. This Presentation contains
Slide 3: Rithm Property Trust
Rithm Property Trust Rithm Property Trust (NYSE: RPT) is a real estate investment platform that is well-positioned to take advantage of favorable fundamentals across CRE and multifamily asset classes(1) Managed by an affiliate of Rithm Capital (NYSE: RITM), a global asset manager with $100+ billion
Slide 4: Q2'26 Financial Highlights
Q2’26 Financial Highlights Strategic Priorities GAAP $645 $0.08 ✓ Unlock Shareholder Value (5) Comprehensive ‒ The company is evaluating ways to unlock Income Thousand per Diluted Share(2) potential value for shareholders Earnings ($46) ($0.01) ✓ Ongoing Portfolio Optimization Available for ‒ In pro
Slide 5: RPT Strategic Evolution
RPT Strategic Evolution Rithm has taken significant strides towards repositioning RPT for growth since becoming manager in Q2’24 Q2’24 Q2’24 – Q2’26 Future State(2) Rithm Becomes Manager Rithm Takes Strategic Actions to Position the Vehicle for Growth ✓ Successfully stabilized ✓ Proactively wound do
Slide 6: In Q2, RPT Purchased MTLs Originated by Genesis Capital
In Q2, RPT Purchased MTLs Originated by Genesis Capital RPT purchased $117 million UPB of MTLs originated by Genesis Capital, the #2 US residential and multifamily transitional lender(1), with an additional $111 million UPB of future funding on the loans(2) Strategic Alignment with RPT Investment Hi
Slide 7: Appendix
Appendix
Slide 8: Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets (Unaudited) As of June 30, March 31, ($ in thousands, except per share amounts) 2026 2026 Assets Cash and cash equivalents $66,703 $96,267 Restricted cash 411 547 Residential mortgage loans held-for-sale, net 16,072 28,450 Residential mortgage loans held-for-investment, n
Slide 9: Consolidated Statements of Operations (Unaudited)
Consolidated Statements of Operations (Unaudited) Three months ended June 30, March 31, ($ in thousands except share and per share amounts) 2026 2026 Net interest income Interest income 12,335 12,536 Interest expense (8,279) (8,908) Net interest income 4,056 3,628 Expenses Related party loan servici
Slide 10: Book Value per Share Summary (Unaudited)
Book Value per Share Summary (Unaudited) ($ in thousands except share and per share amounts) Shares Outstanding Book Value Per Share Equity Ending book value per share as of March 31, 2026 7,661,770 $ 30.83 $ 236,248 Net Income Attributable to Common Stockholders 0.09 715 Common dividends declared (
Slide 11: GAAP Reconciliation of Earnings Available for Distribution (Unaudited)
GAAP Reconciliation of Earnings Available for Distribution (Unaudited) Three months ended ($ in thousands except share and per share amounts) June 30, 2026 March 31, 2026 Reconciliation of GAAP Comprehensive Income/(Loss) to Earnings Available for Distribution Comprehensive Income/(Loss) — GAAP $ 64
Slide 12: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The Company has three primary variables that impact its performance: (i) net interest margin on assets held within the investment portfolio; (ii) realized and unrealized gains or losses on assets held within the investment portfolio, including any impair
Slide 13: Genesis Capital Overview
Genesis Capital Overview Genesis Capital is Rithm's wholly-owned residential and multifamily transitional lender About Genesis Capital Genesis Capital’s Core Capabilities Differentiated Business Model ✓ Focused on long-term relationships with high-quality sponsors with a track record of success #2 U
Slide 14: Endnotes
Endnotes Endnotes to Slide 3: Source: Company SEC filings and current financial information. Financial and market data as of June 30, 2026 unless otherwise noted. 1) Based on management’s current beliefs and expectations, and actual results may vary materially. See “Disclaimers” at the beginning of
Slide 15: Abbreviations
Abbreviations • CMBS – Commercial mortgage-backed securities • CRE – Commercial Real Estate • EAD – Earnings Available for Distribution • EPS – Earnings per Share • GAAP – Generally Accepted Accounting Principles • Genesis, or Genesis Capital – Genesis Capital LLC, a wholly owned subsidiary of Rithm
Slide 16: rithm
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