Rithm Property Trust Inc (RPT) News & EventsRPTRithm Property Trust Inc

Rithm Property Trust Authorizes $10M Stock Buyback

Rithm Property Trust announced that its board of directors authorized the repurchase of up to an aggregate amount of $10M of the company's Common Stock through March 1, 2027. Repurchases may be made in the open market, through privately negotiated transactions, block trades or other means, in accordance with applicable securities laws. The new repurchase program replaces any prior share repurchase authorization.

Rithm Property Trust Announces 1-for-6 Reverse Stock Split

Rithm Property Trust announced that its Board of Directors unanimously approved a one-for-six reverse stock split of the company's issued and outstanding shares of common stock. 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. The common Stock will continue to trade on The New York Stock Exchange 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 7.6M.