Rithm Property Trust : First Quarter 2025 Earnings Conference Call - Presentation

Published: 2025-04-28 08:54:57 ET RPT

Quarterly Supplement

Q1 2025

Rithm Property Trust (NYSE: RPT) is a real estate investment platform focused on commercial real estate ("CRE") lending and opportunistic investing

T Y T R U ST

$1bn+

nv tme Pi

~ $296mm

~ $298mm

~ $97mm

Externally managed by an affiliate of Rithm Capital, who has significant alignment of interests as the 2nd largest shareholder!')

Actively leveraging the Rithm Capital platform to source investment opportunities and execute on the strategic transformation of RPT

Seasoned team with extensive origination, due diligence, structuring, and credit capabilities

Deep real estate, financial services, and structured products expertise and a proven ability to drive shareholder returns

3

The Rithm Capital management team has demonstrated the ability to grow a successful externally-managed mortgage REIT, having grown Rithm Capital itself from $1 billion in equity to nearly $8 billion today!2!

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See "Disclaimers" at the beginning of this Presentation and detailed endnotes are included in the Appendix.

GAAP Comprehensive Income:

$1.1 Million / $0.02 per Diluted Share1!

Earnings Available for Distribution ("EAD"):

$0.7 Million / $0.02 per Diluted Share!1!!2!

First Quarter 2025 Common Stock Dividend Paid!*):

$0.06 per Common Share

Cash and Cash Equivalents:

$97.4 Million

Total Equity4):

$295.9 Million

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GAAP Book Value:

$5.40 per Common Share 5!

as of March 31, 202lfi

Detailed endnotes are included in the Appendix. 4

RPT bolstered its balance sheet, deployed capital into accretive investments and continued its track record of earnings growth under Rithm

Invested in -$64mm UPB of CRE Debt

Invested $17.5mm into a floating rate senior subordinate mortgage loan at SOFR + 8.00%

Acquired $47mm UPB of AAA CMBS bonds generating a levered -11% yield*)

Raised $52mm of Capital

Issued -2.1 million shares of 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock in March 2025

Improved company's liquidity profile and investible cash ahead of the broader financial market volatility in April

Sold $21mm UPB of Legacy Residential Mortgage Assets

Continued to reposition the portfolio by selling legacy residential mortgage bonds

!?I

Generated Earnings Growth

- Posted positive Earnings Available for Distribution for the second consecutive quarter

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See "Disclaimers" at the beginning of this Presentation s and detailed endnotes are included in the Appendix.

Disclaimer

Rithm Property Trust Inc. published this content on April 28, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 28, 2025 at 12:49 UTC.