Rithm Property Trust Inc. terminated its proposed public offering of common stock and a concurrent private placement originally announced on July 13, 2026. Consequently, the company will not acquire the intended portfolio of multifamily residential transition loans. The decision was based on an assessment that current market conditions were not conducive to an offering on terms in the best interests of stockholders. The company operates in the real estate investment trust (REIT) industry, focusing on the acquisition and management of mortgage-related assets.

Rithm Property Trust Inc. announced preliminary unaudited financial results for the three and six months ended June 30, 2026, reporting estimated GAAP comprehensive income between $79,000 and $853,000 for the three-month period. The company also announced the commencement of a public offering of its common stock to fund the acquisition of a multifamily residential transition loan portfolio from Rithm Capital Corp. affiliates. Rithm Property Trust Inc. is a real estate investment trust (REIT) that manages investment portfolios of residential and residential-related assets.