Form 8-K

8-K — Rithm Property Trust Inc.

Accession: 0001104659-26-083167

Filed: 2026-07-13

Period: 2026-07-13

CIK: 0001614806

SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — tm264627d2_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm264627d2_ex99-1.htm)

EX-99.2 — EXHIBIT 99.2 (tm264627d2_ex99-2.htm)

GRAPHIC (tm264627d2_ex99-2img001.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: tm264627d2_8k.htm · Sequence: 1

false

0001614806

2026-07-13

0001614806

us-gaap:CommonStockMember

2026-07-13

0001614806

us-gaap:SeriesCPreferredStockMember

2026-07-13

iso4217:USD

xbrli:shares

iso4217:USD

xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

July 13, 2026

RITHM PROPERTY TRUST INC.

(Exact name of registrant as specified

in charter)

Maryland

001-36844

46-5211870

(State

or other jurisdiction of incorporation)

(Commission File Number)

(IRS

Employer Identification No.)

799 Broadway

New York, NY 10003

(Address of principal executive offices)

Registrant’s telephone number, including

area code:

212-850-7770

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbols

Name

of each exchange on which

registered

Common Stock, par value $0.01 per share

RPT

New York Stock Exchange

9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

RPT.PRC

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR

§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the

registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards

provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02. Results of Operations and Financial Condition

Rithm Property Trust Inc.

(the “Company”) is disclosing the following estimated preliminary results of operations for the three and six months

ended June 30, 2026:

Estimated Preliminary Unaudited Financial Results for the Three

and Six Months ended June 30, 2026

Three Months Ended

Six Months Ended

(dollars in thousands, except per share data)

June 30, 2026

GAAP Comprehensive Income

$79 to $853

$(3,092) to $(2,324)

GAAP Comprehensive Income Per Diluted Share(1)

$0.01 to $0.11

$(0.40) to $(0.30)

Earnings Available for Distribution

$(623) to $151

$(928) to $(160)

Earnings Available for Distribution Per Diluted Share(1)(2)

$(0.08) to $0.02

$(0.12) to $(0.02)

(1) Per diluted common share calculations of U.S.

generally accepted accounting principles (“GAAP”) comprehensive income and Earnings Available for Distribution are

based on 7,745,779 and 7,684,474 weighted average diluted common shares during the three and six months ended June 30, 2026, respectively.

(2) Earnings Available for Distribution is a non-GAAP

measure. For a reconciliation of earnings available for distribution to GAAP comprehensive income, please refer to “Reconciliation

of GAAP Comprehensive (Loss)/Income to Earnings Available for Distribution” below.

Book value is expected to

be in the range of $235 million to $236 million total and $30.25 to $30.35 per share at June 30, 2026, based on 7,772,564 shares outstanding

as of June 30, 2026. A reconciliation of GAAP comprehensive income to earnings available for distribution is set forth below.

The estimated preliminary

financial information presented above is preliminary and was prepared by the Company’s management, based upon estimates, a number

of assumptions and currently available information, and is subject to revision based upon, among other things, quarter-end closing procedures

and/or adjustments, the completion of the Company’s unaudited consolidated interim financial statements and other operational procedures.

This preliminary financial information is the responsibility of the Company’s management and has been prepared in good faith on

a consistent basis with prior periods. However, the Company has not completed its financial closing procedures for the three or six months

ended June 30, 2026, and its actual results could be materially different from the estimated preliminary financial information above.

The Company’s independent registered public accounting firm, Ernst & Young LLP, has not audited, reviewed, examined, compiled

nor applied agreed-upon procedures with respect to the estimated preliminary financial information presented above and, accordingly, Ernst &

Young LLP does not express an opinion or any other form of assurance with respect thereto.

During the course of the preparation

of the Company’s financial statements and related notes as of June 30, 2026 and for the three and six months then ended, items

may be identified that would require the Company to make material adjustments to this preliminary financial information. As a result,

caution should be exercised in relying on this information and any inferences should not be drawn from this information.

The Company expects to report

financial results for the three and six months ended June 30, 2026 on or before August 12, 2026.

Non-GAAP Measures and Reconciliation to

GAAP Comprehensive Income

The table below provides a reconciliation of earnings available for distribution to the most

directly comparable GAAP financial measure:

Estimated Preliminary Financial Results

Three Months Ended

June 30, 2026

Six Months Ended

June 30, 2026

(dollars in thousands, except share and per share data)

Low

High

Low

High

Comprehensive income — GAAP

$ 79

$ 853

$ (3,092 )

$ (2,324 )

Adjustments:

Net income (loss) attributable to noncontrolling interest

—

Realized and unrealized gains

(1,007 )

886

Other adjustments(1)

305

1,278

Earnings Available for Distribution — Non-GAAP

$ (623 )

$ 151

$ (928 )

$ (160 )

Diluted Weighted Average Number of Shares of Common Stock Outstanding

7,745,779

7,684,474

Diluted Earnings Available for Distribution per common share

$ (0.08 )

$ 0.02

$ (0.12 )

$ (0.02 )

(1) Other adjustments include amortization, transaction

costs, and income taxes.

The reconciliation of estimated

preliminary comprehensive income/(loss) to earnings available for distribution results was calculated across the low and high comprehensive

income/(loss) ranges based on Rithm Property Trust’s preliminary estimates of the expected base case differences between comprehensive

income/(loss) and earnings available for distribution. Similar to the estimated preliminary operating results noted above, Rithm Property

Trust’s final reconciliation upon completion of its closing procedures may vary from the preliminary estimates.

The Company has three primary

variables that impact its operating 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 impairment or reserve for expected credit

losses; and (iii) the Rithm Property Trust’s operating expenses and taxes.

“Earnings available

for distribution” is a non-GAAP financial measure of Rithm Property Trust’s operating performance, which is used by management

to evaluate Rithm Property Trust’s performance excluding: (i) net realized and unrealized gains and losses on certain assets

and liabilities; and (ii) other net income and losses not related to the performance of the investment portfolio.

The Company’s definition

of earnings available for distribution excludes certain realized and unrealized losses, which although they represent a part of Rithm

Property Trust’s recurring operations, are subject to significant variability and are generally limited to a potential indicator

of future economic performance. Within other net income and losses, management primarily excludes equity-based compensation expenses.

With regard to non-capitalized

transaction-related expenses, management does not view these costs as part of Rithm Property Trust’s core operations, as they are

considered by management to be similar to realized losses incurred at acquisition. Non-capitalized transaction-related expenses generally

relate to legal and valuation service costs, as well as other professional service fees, incurred when Rithm Property Trust acquires certain

investments.

Management believes that the

adjustments to compute “earnings available for distribution” specified above allow investors and analysts to readily identify

and track the operating performance of the assets that form the core of Rithm Property Trust’s activity, assist in comparing the

core operating results between periods, and enable investors to evaluate Rithm Property Trust’s current core performance using the

same financial measure that management uses to operate the business. Management also utilizes earnings available for distribution as a

financial measure in its decision-making process relating to improvements to the underlying fundamental operations of Rithm Property Trust’s

investments, as well as the allocation of resources between those investments, and management also relies on earnings available for distribution

as an indicator of the results of such decisions. Earnings available for distribution excludes certain recurring items, such as gains

and losses (including impairment) and non-capitalized transaction-related expenses, because they are not considered by management to be

part of Rithm Property Trust’s core operations for the reasons described herein. As such earnings available for distribution is

not intended to reflect all of Rithm Property Trust’s activity and should be considered as only one of the factors used by management

in assessing Rithm’s performance, along with GAAP comprehensive income/(loss) which is inclusive of all of Rithm Property Trust’s

activities.

The Company views earnings

available for distribution as a consistent financial measure of its portfolio’s ability to generate income for distribution to common

stockholders. Earnings available for distribution does not represent and should not be considered as a substitute for, or superior to,

comprehensive income/(loss) or as a substitute for, or superior to, cash flows from operating activities, each as determined in accordance

with GAAP, and Rithm Property Trust’s calculation of this financial measure may not be comparable to similarly entitled financial

measures reported by other companies. Furthermore, to maintain qualification as a REIT, U.S. federal income tax law generally requires

that Rithm Property Trust distribute at least 90% of its REIT taxable income annually, determined without regard to the deduction for

dividends paid and excluding net capital gains. Because Rithm Property Trust views earnings available for distribution as a consistent

financial measure of its ability to generate income for distribution to common stockholders, earnings available for distribution is one

metric, but not the exclusive metric, that Rithm Property Trust’s board of directors uses to determine the amount, if any, and the

payment date of dividends on common stock. However, earnings available for distribution should not be considered as an indication of Rithm

Property Trust’s taxable income, a guaranty of its ability to pay dividends or as a proxy for the amount of dividends it may pay,

as earnings available for distribution excludes certain items that impact its cash needs.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Current Report on Form 8-K

contains certain information which constitutes “forward-looking statements” within the meaning of the Private Securities Litigation

Reform Act of 1995. Words such as “may,” “will,” “seek,” “believes,” “intends,”

“expects,” “projects,” “anticipates,” “plans” and “future” or similar expressions

are intended to identify forward-looking statements. These statements are not historical facts. These forward-looking statements represent

management’s current expectations regarding future events and are subject to the inherent uncertainties in predicting future results

and conditions, many of which are beyond our control. Accordingly, you should not place undue reliance on any forward-looking statements

contained herein. For a discussion of some of the risks and important factors that could affect such forward-looking statements see the

sections entitled “Cautionary Statement Regarding Forward-Looking Statements”, “Risk Factors” and “Management’s

Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent annual and quarterly

reports and other filings, including the Company’s recent proxy statements, filed with the Securities and Exchange Commission. The

Company expressly disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information,

future events or otherwise, except as may be required by law.

Item 7.01. Regulation FD Disclosure

The information set forth

above in Item 2.02 is incorporated by reference into this Item 7.01.

The Company is providing certain

information regarding the Company to investors in connection with the Offering (as defined below), and the Company is disclosing under

Item 7.01 of this Current Report on Form 8-K such information in Exhibit 99.1 hereto, which is incorporated herein by reference.

The information contained

in this Item 7.01, including Exhibit 99.1 does not constitute an offer to sell, or a solicitation of an offer to buy, any of the

securities in the Offering or any other securities of the Company.

The information contained

in Item 7.01 and in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished, not filed, pursuant

to Item 7.01 of Form 8-K. Accordingly, the information in Item 7.01 of this Current Report, including Exhibit 99.1, will not

be subject to liability under Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),

and will not be incorporated by reference into any registration statement or other document filed by the Company under the Securities

Act of 1933, as amended, or the Exchange Act, unless specifically identified therein as being incorporated by reference.

Item 8.01. Other Events

On July 13, 2026, the

Company announced the commencement of a public offering of the Company’s common stock (the “Offering”). An affiliate

of Rithm Capital Corp., a Delaware corporation (together with its subsidiaries, “Rithm Capital”) and an affiliate of

the manager of the Company, has indicated an interest in purchasing shares of the Company’s common stock and, under certain circumstances,

shares of a new class of non-voting convertible preferred stock, in a concurrent private placement transaction (the “Concurrent

Private Placement”) at a per-share price equal to the public offering price in the Offering. The closing of any Concurrent Private

Placement is expected to be conditioned on and to occur promptly following the closing of the Offering. The Company intends to use the

net proceeds from the Offering and Concurrent Private Placement, together with available cash on hand and borrowings under the Company’s

master repurchase facility, to acquire a portfolio of multifamily residential transition loans from affiliates of Rithm Capital, and for

other investments and general corporate purposes. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated

herein by reference.

The information contained

in this Item 8.01, including Exhibit 99.2, does not constitute an offer to sell, or a solicitation of an offer to buy, any of the

securities in the Offering or Concurrent Private Placement, or any other securities of the Company.

Item 9.01. Financial Statements and Exhibits

Exhibit

Description

99.1

Certain information provided to investors in connection with the Offering

99.2

Offering Press Release dated July 13, 2026

104

Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURES

Pursuant to the requirements of the Securities

Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

RITHM PROPERTY TRUST INC.

By:

/s/ Nicola Santoro, Jr.

Name:

Nicola Santoro, Jr.

Title:

Chief Financial Officer

Dated: July 13, 2026

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm264627d2_ex99-1.htm · Sequence: 2

Exhibit 99.1

May 2026 Loan Purchase

On May 13, 2026, we

completed the purchase, through a wholly-owned subsidiary, of a portfolio of multifamily transition loans (“MTLs”) consisting

of construction loans, bridge loans and renovation loans originated by Genesis (the “May 2026 Loan Portfolio”) using

borrowings under our CRE Repurchase Facility (as defined below) with a weighted average advance rate of approximately 75%, and other available

cash on hand. At the time of its acquisition, the May 2026 Loan Portfolio had $102.1 million of unpaid principal balance (“UPB”),

with an additional $125.5 million UPB of future funding on the loans. The May 2026 Loan Portfolio had a gross weighted average coupon

of 9.1%, an average loan duration of one to three years, a weighted average price at initial funding of 100.85% as a percentage of UPB,

a cost of funds of 5.65% and an illustrative net levered yield of 14.0% at initial funding (calculated as interest income net of servicing

fee, interest expense and premium amortization divided by equity).

The purchase was made pursuant

to a Flow Mortgage Loan Purchase and Sale Agreement (the “Flow MLPA”), by and between RPT Seller LLC, a wholly-owned subsidiary

of the Company, and Rithm Loan Aggregation Trust (the “Seller”), an affiliate of our Manager. The Flow MLPA provides that

we or our subsidiaries may, from time to time, purchase, on a servicing-released basis, one or more portfolios of MTLs originated by Genesis

that meet certain eligibility criteria. The Flow MLPA contains customary terms governing periodic residential transition loan (“RTL”)

sales, including representations and warranties relating to the origination, underwriting, documentation and legal compliance of the RTLs,

as well as the Seller’s repurchase for loans that fail to conform to the requirements of the Flow MLPA. Our obligation to purchase

any mortgage loan is subject to standard conditions precedent, including, among other matters, the delivery of specified loan documentation.

As a part of this purchase, we engaged Genesis to service the May 2026 Loan Portfolio, and Genesis or its affiliates are expected

to continue to provide loan servicing with respect to any other loans originated by Genesis or its affiliates and acquired by us in the

future, including the Genesis Loan Purchase, pursuant to one or more loan servicing agreements.

Additionally,

the Company has a master repurchase facility (the “CRE Repurchase Facility”) in which the Company acquires commercial loans

which are then sold by the Company as “seller” to a counterparty, the “buyer.” Upon the time of the initial sale

to the buyer, the Company, with a simultaneous agreement, also agreed to repurchase the commercial loans from the buyer. Interest is calculated

based on a spread to one-month Secured Overnight Financing Rate (“SOFR”), which is fixed for the term of the borrowing. The

advance rate is between 65% and 85% of the asset’s acquisition price. In April 2026, the Company entered into an amendment to the

CRE Repurchase Facility to include multifamily and other residential transition loans originated by Genesis and purchased by the Company

to be financed under the CRE Repurchase Facility.

We expect to continue to

use the CRE Repurchase Facility (including with underwriters or affiliates of underwriters in this offering) to finance future purchases

of RTLs from Genesis (including the Genesis Loan Purchase) and other investments, at an estimate weighted average advance rate of approximately

75%, generating an illustrative net levered yield of approximately 13.4% (calculated as interest income net of servicing fee, interest

expense and premium amortization divided by equity).

Anticipated Genesis Loan Purchase

We anticipate using the net

proceeds from this offering and the concurrent private placement as well as borrowings under our CRE Repurchase Facility and other available

cash on hand to acquire from Genesis, and/or certain affiliates thereof, a portfolio of MTLs with approximately $951.1 million of UPB

(the “Genesis Loan Portfolio”) (such purchase, the “Genesis Loan Purchase”). The Genesis Loan Purchase is anticipated

to be made pursuant to the Flow MLPA.

The Genesis Loan Portfolio

had the following approximate aggregate characteristics as of July 6, 2026:

(dollars in thousands)

Construction

Loans

Bridge

Loans

Renovation

Loans

Total

Number of Loans

Aggregate UPB

$ 490,557

$ 339,985

$ 120,524

$ 951,066

Leverage

$ 367,918

$ 254,989

$ 90,393

$ 713,299

Average UPB

$ 12,909

$ 8,718

$ 13,392

$ 11,509

Weighted Average Interest Rate

9.41 %

7.99 %

8.78 %

8.83 %

Adjustable Rate Mortgage Margin

5.39 %

4.23 %

4.88 %

5.23 %

Adjustable Rate Mortgage Floor

9.22 %

7.61 %

8.68 %

9.03 %

Loan-to-Value

—

66.67 %

—

66.67 %

Loan-to-Cost

74.67 %

—

72.53 %

74.25 %

Loan-to-After-Repair-Value

61.17 %

—

65.25 %

61.46 %

Average Remaining Term (months)

16.1

21.2

16.6

18.0

The characteristics summarized

above are subject to change due to prepayments of loans or other factors outside our control.

The Genesis Loan Purchase

is expected to close in July 2026, promptly following the consummation of this offering and the Concurrent Private Placement.

EX-99.2 — EXHIBIT 99.2

EX-99.2

Filename: tm264627d2_ex99-2.htm · Sequence: 3

Exhibit 99.2

Rithm Property Trust Announces Public

Offering of Common Stock

July 13, 2026

NEW YORK--(BUSINESS

WIRE)-- Rithm Property Trust Inc. (NYSE: RPT, “RPT” or the “Company”) announced today the commencement

of a public offering of the Company’s common stock (the “Offering”). In connection with the Offering, the Company expects

to grant the underwriters an option for a period of 30 days to purchase an additional 15% of the number of shares of common stock sold

in the Offering solely to cover over-allotments.

Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, UBS

Investment Bank, Wells Fargo Securities, LLC, BTIG, LLC, Keefe, Bruyette & Woods, A Stifel Company and Piper Sandler &

Co. are acting as book-running managers for the Offering.

An affiliate of Rithm Capital Corp., a Delaware corporation

(together with its subsidiaries, “Rithm Capital”) and an affiliate of the Manager of the Company, has indicated an interest

in purchasing shares of the Company’s common stock and, under certain circumstances, shares of a new class of non-voting convertible

preferred stock, in a concurrent private placement transaction (the “Concurrent Private Placement”) at a per-share price

equal to the public offering price in the Offering. The closing of any Concurrent Private Placement is expected to

be conditioned on and to occur promptly following the closing of the Offering.

The Company intends to use the net proceeds from the Offering

and Concurrent Private Placement, together with available cash on hand and borrowings under the Company’s master repurchase facility,

to acquire a portfolio of multifamily residential transition loans from affiliates of Rithm Capital, and for other investments and general

corporate purposes.

The Offering is being made pursuant to the Company’s

effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The Offering is being

made only by means of a prospectus and a related prospectus supplement. Prospective investors should read the prospectus supplement and

the prospectus in that registration statement and other documents the Company has filed or will file with the SEC for more complete information

about the Company and the Offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov.

Alternatively, copies of the prospectus supplement and the prospectus may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus

Department, 200 West Street, New York, New York 10282, telephone:1-866-471-2526, facsimile: 1-212-902-9316, or by emailing prospectus-ny@ny.email.gs.com; RBC

Capital Markets, LLC, Attention: DCM Transaction Management, Brookfield Place, 200 Vesey Street, 8th Floor, New York, New York 10281,

email: rbcnyfixedincomeprospectus@rbccm.com; UBS Securities LLC, 11 Madison Avenue, New York, New York 10010, Attention: Prospectus

Department, telephone number: 1-833-481-0269; Wells Fargo Securities, LLC, 608 2nd Avenue South, Minneapolis, Minnesota

55402, Attention: WFS Customer Service, email: wfscustomerservice@wellsfargo.com or by calling toll-free at 1-800-645-3751;

BTIG, LLC, Attention: 65 East 55th Street, New York, New York 10022, or by telephone at (212) 593-7555, or by email at ProspectusDelivery@btig.com;

Keefe, Bruyette & Woods, Inc. at 787 Seventh Avenue, Fourth Floor, New York, New York 10019, by email: USCapitalMarkets@kbw.com or

by calling: 1-800-966-1559; or Piper Sandler & Co., 350 North 5th Street, Suite 1000, Minneapolis, MN 55401, Attention: Prospectus

Department, by telephone at (800) 747-3924, or by email at prospectus@psc.com.

This press release does not constitute an offer to sell

or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which

such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

ABOUT RITHM PROPERTY TRUST

Rithm Property Trust is an opportunistic commercial real estate investment

platform externally managed by an affiliate of Rithm Capital Corp. (NYSE: RITM). Rithm Property Trust is a Maryland corporation that is

organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes.

FORWARD-LOOKING STATEMENTS

This press release contains certain information which constitutes “forward-looking

statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,”

“seek,” “believes,” “intends,” “expects,” “projects,” “anticipates,”

“plans” and “future” or similar expressions are intended to identify forward-looking statements. Examples of forward-looking

statements in this press release include, without limitation, statements regarding the proposed Offering of the common stock and Concurrent

Private Placement, the expected use of the net proceeds from the Offering and Concurrent Private Placement, and the Company’s expectations

concerning market conditions for the Offering and Concurrent Private Placement. These statements are not historical facts. These forward-looking

statements represent management’s current expectations regarding future events and are subject to the inherent uncertainties in

predicting future results and conditions, many of which are beyond our control. Accordingly, you should not place undue reliance on any

forward-looking statements contained herein. No assurance can be given that the Offering discussed above will be consummated, or that

the net proceeds of the Offering will be used as indicated. Consummation of the Offering and the application of the net proceeds of the

Offering are subject to numerous possible events, factors and conditions, many of which are beyond the control of the Company and not

all of which are known to it, including, without limitation, market conditions and those described under the heading “Risk Factors”

in the prospectus supplement relating to the Offering and in the Company’s most recent annual and quarterly reports filed with the

SEC. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring

events or circumstances and expressly disclaims any obligation to publicly update or revise any forward-looking statements, whether as

a result of new information, future events or otherwise, except as may be required by law.

Investor Relations

646-868-5483

ir@rithmpropertytrust.com

Source: Rithm Property Trust Inc.

- 2 -

GRAPHIC

Filename: tm264627d2_ex99-2img001.jpg · Sequence: 8

Binary file (11894 bytes)

Download tm264627d2_ex99-2img001.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 10

v3.26.1

Cover

Jul. 13, 2026

Document Information [Line Items]

Document Type

8-K

Amendment Flag

false

Document Period End Date

Jul. 13, 2026

Entity File Number

001-36844

Entity Registrant Name

RITHM PROPERTY TRUST INC.

Entity Central Index Key

0001614806

Entity Tax Identification Number

46-5211870

Entity Incorporation, State or Country Code

Entity Address, Address Line One

799 Broadway

Entity Address, City or Town

New York

Entity Address, State or Province

Entity Address, Postal Zip Code

10003

City Area Code

212

Local Phone Number

850-7770

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Common Stock [Member]

Document Information [Line Items]

Title of 12(b) Security

Common Stock, par value $0.01 per share

Trading Symbol

RPT

Security Exchange Name

NYSE

Series C Preferred Stock [Member]

Document Information [Line Items]

Title of 12(b) Security

9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Trading Symbol

RPT.PRC

Security Exchange Name

NYSE

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_DocumentInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_SeriesCPreferredStockMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type: