Rithm Property Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	15.23	15.41	9.3	4.91	46.98	74.86
Service and Other Revenue	-2.08	-4.89	-60.31	-21.98	-11.34	3.08
Revenue	13.15	10.52	-51.01	-17.07	35.64	77.95
Revenue Growth (YoY)	133.38%	-	-	-	-54.28%	22.54%
Property Expenses	8.33	8.22	27.45	15.04	16.29	16.55
Total Property Expenses	8.33	8.22	27.45	15.04	16.29	16.55
Gross Profit	4.81	2.3	-78.46	-32.11	19.35	61.4
Selling, General & Admin	8.75	7.77	12.44	3.16	2.05	2.94
Other Operating Expenses	-	-	-	6.99	5.91	5.49
Operating Income	-3.94	-5.47	-90.9	-42.25	11.39	52.97
Total Non-Operating Income (Expense)	-7	-7	8.17	12.6	-31.51	-26.25
Pretax Income	3.07	1.53	-92.91	-46.71	-12.1	42.07
Provision for Income Taxes	0.19	0.06	0.15	0.24	2.84	0.29
Net Income	-2.28	-2.74	-92.18	-49.26	-28.68	34.06
Minority Interest in Earnings	-	0	-1.22	0.11	0.08	-0.08
Net Income Attributable to Preferred Dividends	5.15	4.21	0.34	2.19	13.67	7.8
Net Income to Common	-2.28	-2.74	-92.18	-49.26	-28.68	34.06
Net Income Growth	-	-	-	-	-	49.66%
Shares Outstanding (Basic)	8	8	7	4	4	4
Shares Outstanding (Diluted)	8	8	7	4	4	5
Shares Change (YoY)	3.77%	13.00%	65.50%	5.42%	-23.87%	33.66%
EPS (Basic)	-0.32	-0.36	-13.76	-12.06	-7.44	8.88
EPS (Diluted)	-0.32	-0.36	-13.76	-12.06	-7.44	8.46
EPS Growth	-	-	-	-	-	41.00%
Shares Outstanding	7.66	7.57	7.57	4.58	3.86	3.86
Free Cash Flow	-9.66	-8.31	0.29	-46.46	1.11	-18.51
Free Cash Flow Per Share	-1.27	-1.10	0.04	-11.48	0.29	-3.67
Dividends Per Share	1.440	1.440	1.680	4.560	6.360	4.860
Dividend Growth	-	-14.29%	-63.16%	-28.30%	30.86%	58.83%
Gross Margin	36.61%	21.89%	153.82%	188.07%	54.30%	78.77%
Operating Margin	-29.94%	-51.99%	178.21%	247.48%	31.95%	67.95%
Profit Margin	21.88%	14.01%	182.43%	275.02%	-41.91%	53.59%
FCF Margin	-73.47%	-78.94%	-0.57%	272.13%	3.11%	-23.75%
EBITDA	-2.46	-3.96	-85.48	-39.54	15.1	59.13
EBITDA Margin	-18.74%	-37.60%	167.59%	231.60%	42.38%	75.86%
EBIT	-3.94	-5.47	-90.9	-42.25	11.39	52.97
EBIT Margin	-29.94%	-51.99%	178.21%	247.48%	31.95%	67.95%
Effective Tax Rate	6.23%	3.91%	-0.16%	-0.52%	-23.43%	0.70%

Updated May 1, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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