Rithm Property Trust Inc. ( RPT ) Q3 2025 Earnings Call October 31, 2025 8:00 AM EDT Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - President, CEO & Director Conference Call Participants William Catherwood - BTIG, LLC, Research Division Craig Kucera - Lucid Capital Markets, LLC, Research Division Presentation Operator Hello, and thank you for standing by. My name is Tiffany, and I will be your conference operator today.
Rithm Property Trust Inc. (NYSE:RPT ) Q2 2025 Earnings Conference Call July 24, 2025 5:00 PM ET Company Participants Emma B. Bolla - Corporate Participant Associate General Counsel - Corporate Participant Michael Nierenberg - President, CEO & Director Conference Call Participants Douglas Michael Harter - UBS Investment Bank, Research Division Jason Michael Stewart - Janney Montgomery Scott LLC, Research Division Timothy Egan D'Agostino - B.
Rithm Property Trust Inc. (NYSE:RPT ) Q1 2025 Earnings Conference Call April 28, 2025 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - Chief Executive Officer, President and Chairman Nick Santoro - Chief Financial Officer Conference Call Participants Jason Stewart - Janney Montgomery Tom Catherwood - BTIG Randy Binner - B. Riley Jade Rahmani - KBW Doug Harter - UBS Operator Thank you for standing by and welcome to the Rithm Property Trust First Quarter 2025 Earnings Conference Call.
The RPT-C preferred stock offers a generous 9.875% coupon, with cumulative payments and call protection until 2030, making it attractive for income-focused investors. Rithm Property Trust's transformation under new management and its ability to issue and redeem bonds in 2024 indicate potential for improved performance and reduced risk. Risk-averse investors should avoid RPT-C due to RPT's history of negative earnings, but those confident in the new strategy may find it a worthwhile investment.
Rithm Property Trust Inc.'s new Series C Fix/Float Cumulative Preferred Stock offers a 9.875% fixed dividend until 2030, then a floating rate based on SOFR. RPT-C is trading at $25.25 with a current yield of 9.78% and a yield to call of 10.15%, but may adjust to a lower rate post-2030. RPT-C's yield is offering lower distribution than similar preferred stocks from Rithm Capital Corp., while being more prone to eventual price downticks.
Rithm Property Trust Inc. (NYSE:RPT ) Q4 2024 Results Conference Call January 30, 2025 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - President and Chief Executive Officer Conference Call Participants Tom Catherwood - BTIG Jason Stewart - Janney Stephen Laws - Raymond James Doug Harter - UBS Operator Thank you for standing by. My name is Ian, and I will be your conference operator today.