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RPT-P-C

Rithm Property Trust Inc. · Series C · REIT - Diversified
Also quoted as: RPT-C, RPTprC, RPT.PRC, RPT-PC, RPTpC
$24.93
last price

About this security

RPT-P-C is a 9.875% cumulative perpetual preferred stock issued by Rithm Property Trust Inc., a REIT - Diversified issuer. $25 liquidation preference, current yield 9.90%, callable from 2030-05-15.

Rithm Property Trust Inc.: Overview Rithm Property Trust (formerly Great Ajax Corp.), a Maryland corporation, is an externally managed REIT formed on January 30, 2014, and capitalized on March 28, 2014, by its then sole stockholder, Aspen Yo LLC, an affiliate of the Aspen Capital group of companies. The Company focuses on investments in the CRE sector. On June 11, 2024, the Company completed its previously announced strategic transaction with Rithm (such transactions together, the “Strategic Transaction”). In connection with the Strategic Transaction, the Company entered into a Securities Purchase Agreement (the “SPA”) pursuant to which, following stockholder approval on May 20, 2024, it issued $14.0 million of common stock, par value $0.01 (“Common Stock”), to Rithm. The Company also entered into a management agreement, dated June 11, 2024 (as amended by that First Amendment to the Management Agreement, dated October 18, 2024, and as further amended by that Second Amendment to the Management Agreement, dated February 12, 2026, and as may be further amended, modified or supplemented from time to time, the “Management Agreement”) with RCM GA, which became the Company’s external manager; terminated its prior management agreement; entered into a term loan with a subsidiary of Rithm; and issued warrants to Rithm to purchase shares of the Company’s Common Stock. The Company relocated its corporate headquarters to New York, New York, and on December 2, 2024, rebranded and changed its name to Rithm Property Trust Inc.

Issuer page — all Rithm Property Trust Inc. securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below ✓ verified against SEC filing

live page · rendered 05:20:49 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current Yield
9.90%
Annual Dividend
$2.4688
Recent Market Price
$24.93
as of 2026-06-16
Disc/Prem to Par (→ screen)
Recent Ex-Date
2026-05-01
Pay Frequency
quarterly
Cumulative
Yes
Original Coupon
9.875%
Call Date
2030-05-15
Yield to Call
9.96%
Yield to Worst
9.90%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No — Limited change-of-control conversion
Shares Offered (original)
2,000,000
Issued
2025-03-04
Series
C
Alt. Symbology
RPT-C, RPTprC, RPT.PRC, RPT-PC, RPTpC

vs. REIT - Diversified category (121 issues): yield 9.90% vs avg 8.14% · discount -0.3% vs avg -13.9%

Quote

 RPT-P-C (preferred)RPT (common)
Last $24.93 $14.76
Change
Open$24.92$14.43
High / Low $24.94 / $24.92 $14.76 / $14.43
Prev Close
Volume3,39215,442
52-Week High / Low $26.50 / $24.61 $17.22 / $2.37

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

RPT-P-C RPT (common)

Dividend History

Ex-DateAmount / Share
2026-05-01$0.617188
2026-01-30$0.617188
2025-10-31$0.617188
2025-08-01$0.617188
2025-05-01$0.493750

Performance — $10K Calculator

See what an investment in RPT-P-C would be worth today, dividends reinvested.

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Prospectus (SEC 424B5)

2,000,000 Shares Rithm Property Trust Inc. 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Liquidation Preference $25.00 per share)

Full Prospectus (SEC filing) →

News — Rithm Property Trust Inc.

Issuer news via Tiingo, tagged to RPT.

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About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
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