News & Events zu Rithm Property Trust Inc (AJX)AJXRithm Property Trust Inc

Great Ajax to change name, rebrand as Rithm Property Trust in Q4

In connection with the company's strategic transaction with Rithm Capital, the company expects to change its name and rebrand as Rithm Property Trust and to change its ticker symbol on the New York Stock Exchange to "RPT". The rebranding initiative highlights a new chapter in the company's evolution as an opportunistic real estate investment platform. The name change is expected to take effect during the fourth quarter of 2024, pursuant to customary notices.

Great Ajax reports Q3 adjusted EPS (12c) vs. (24c) in Q2

Reports book value per common share of $5.47 at September 30, 2024. "When we completed the strategic transaction with Great Ajax, we were clear about our mission: to transform the company from a legacy residential mortgage vehicle into an opportunistic real estate platform," said Michael Nierenberg, Chief Executive Officer of Rithm Capital Corp. "During the third quarter, we made significant progress towards doing so by selling down $148 million UPB of legacy assets and growing our commercial real estate debt portfolio to over $100 million UPB. We are excited about the future of the company and are committed to providing shareholders with growth and value creation."