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Business Wire 21-Apr-2025 4:15 PM
Rithm Property Trust Inc. (NYSE:RPT, "Rithm Property Trust" or the "Company")) announced today that its Board of Directors (the "Board") has declared a first quarter 2025 dividend on its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series C"). The Board declared a dividend of $0.4937500 per share, which reflects a pro-rata accrual rate of 9.875% from Series C issuance on March 4th to, but not including, the May 15th payment date.
The dividend for the Series C is payable on May 15, 2025, to preferred shareholders of record on May 1, 2025.
About Rithm Property Trust Inc.
Rithm Property Trust is a real estate investment platform externally managed by an affiliate of Rithm Capital Corp. (NYSE:RITM). Rithm Property Trust has historically focused on acquiring, investing in and managing re-performing loans and non-performing loans secured by single-family residences and commercial properties. In connection with its 2024 strategic transaction with Rithm Capital, the Company transitioned to a flexible commercial real estate focused investment strategy. 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.
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Rithm Property Trust Investor Relations ir@rithmpropertytrust.com 646-868-5483