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Data-driven stock valuation

Rithm Property Trust Inc. (RPT) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Rithm Property Trust Inc. stock $14.67, price $11.00, upside +33.4%, quality 45 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Real Estate US

RP Rithm Property Trust Inc. logo Some data Nov 7, 2026

Rithm Property Trust Inc.

RPT · US
Speculative

The stock costs 25% less than our calculation considers fair.

Fair value $14.67 · Undervalued
Highly profitable · 25.2% net margin (TTM)
Revenue last quarter +106% vs. a year ago.
Quality 45/100
Moderate debt
Moderate moat 46/100
Some data
Weak Growth (revenue 3y −37.6 %/yr in USD)
Negative free cash flow
13.1% dividend yield · Pays more than it earns
Trails peers (2/10)
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$46.45 $10.43 Fair Value $14.67 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range $10.43 – $46.45 · fair‑value band $9.10 – $18.52 · the $11.00 price screens below the $14.67 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

Rithm Property Trust Inc., an externally managed real estate investment trust (REIT), focuses on investments in the commercial real estate (CRE) sector. It operates through two segments: Residential and Commercial.

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The Residential segment is involved in managing its portfolio of residential mortgage assets, including whole mortgage loans, residential mortgage-backed securities, and beneficial interests.

The Commercial segment is focused on originating, acquiring, and managing portfolios of commercial mortgage-backed securities, commercial real property, commercial mortgage loans, and other CRE investments.

It operates in California, Florida, New York, New Jersey, Maryland, Virginia, Illinois, Georgia, Texas, North Carolina, and internationally. The company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.

As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was formerly Great Ajax Corp. and changed its name to Rithm Property Trust Inc. in December 2024.

Rithm Property Trust Inc. was incorporated in 2014 and is headquartered in New York, New York.

Stock analysis

Rithm Property Trust Inc. (RPT) currently trades at $11.00, while our model-based Fair Value estimate is $14.67, implying the stock looks roughly 25% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of $25.39 per share, and 5 of the 6 models we run sit above the $11.00 price.

Bear case: the Dividend Discount group reads lowest at $14.42, and 1 of the 6 models stay below the price. Data coverage for this calculation is medium.

Scenario range: $9.10 (bear) to $18.52 (bull), the price of $11.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 45/100 (below-average quality), in the Real Estate sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Rithm Property Trust Inc. reported revenue of $52.8M in FY2025 versus $75.8M in FY2021, a compound −8.6%/yr. Reported net income was $1.5M in FY2025, compounding −56.7%/yr from FY2021.

Key figures

Market cap $86.5M Micro · P/E ratio 84.6 · P/S ratio 2.36 · EPS (TTM) $0.1300 · Dividend yield 13.1% · Net margin 2.8% · Return on equity 2.2% · Return on assets (EBIT) −0.6% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (medium confidence).

What moves the price

The share trades about 34% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at 56% fair-value upside, at 33%, RPT screens richer than that median.

Fair Value models

Bear $9.10 Fair Value $14.67 Bull $18.52
Price $11.00 · Upside +33.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income $17.94 $19.63 $21.84 76
Gordon GGM $9.10 $14.67 $18.52 69
DDM Multi-Stage $9.10 $14.17 $15.83 67
All 6 models by family
Dividend Discount
Gordon GGM $9.10 $14.67 $18.52 69
DDM Multi-Stage $9.10 $14.17 $15.83 67
Multiples
P/S Multiple $2.37 $3.16 $3.95 58
P/B Multiple $35.71 $47.61 $59.52 55
Asset-Based
NCAV (Graham) $17.00 $22.79 $34.01 54
Economic Profit
Residual Income $17.94 $19.63 $21.84 76

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Quality Score breakdown

Overall quality 45/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 13
How much profit the company makes from its sales and capital
Quality Growth 82
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 25
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 48
How calm the share price moves, does not count
Price momentum 19
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 12
Distance to the 52-week high, does not count
New shares 21
Buys back shares or issues new ones?

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Insider trades

In the last 6 months, no officer or director bought or sold shares on the open market.

Plus one other filing such as a grant, option exercise or tax withholding. It is not a market purchase or sale.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 17/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+11.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−37.6%
Revenue growth 37 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.2%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
−30.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−43.2%
Dividend (yield on the price)13.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−42.3% vs −27.3%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.94% → 3%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 9.1%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Mortgage · 31 stocks

Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 45 · Below median
Fair Value upside +33.4% · Below median
Profitability
Return on equity (12 months) 2.2% · Below median
Return on assets 0.1% · Bottom 25%
Net margin (12 months) 25.2% · Below median
Operating margin (12 months) 37.9% · Below median
Growth and dividend
Revenue growth (quarter YoY) 105.6% · Top 25%
Dividend yield (12 months) 13.1% · Bottom 25%
Balance sheet
Debt / equity 1.15× · Below median

Valuation Multiplesvs REIT - Mortgage median · lower = cheaper

P/E (12 months) 84.6× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)78 · sector 100
FUTURE (revenue growth)100 · sector 97
PAST (return on equity)9 · sector 17
HEALTH (low debt)43 · sector 1
DIVIDEND (yield)100 · sector 100

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more REIT - Mortgage stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
MFA Financial, Inc MFA $6.21 $14.69 +137% vs RPT
AGNC Investment Corp AGNC $8.78 $18.66 +113% vs RPT
Starwood Property Trust, Inc STWD $12.05 $25.00 +107% vs RPT
Orchid Island Capital, Inc ORC $4.94 $8.77 +78% vs RPT
ARMOUR Residential REIT, Inc ARR $12.60 $19.59 +56% vs RPT
Rithm Capital Corp RITM $9.23 $13.14 +42% vs RPT
Annaly Capital Management, Inc NLY $18.75 $19.24 +3% vs RPT
Ellington Financial Inc EFC $11.26 $11.12 −1% vs RPT
Dynex Capital, Inc DX $10.68 $9.12 −15% vs RPT
Ladder Capital Corp LADR $8.91 $7.56 −15% vs RPT

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Rithm Property Trust Inc.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Rithm Property Trust Inc. Fair Value". https://www.fairvalue-calculator.com/stock/RPT

Frequently asked questions

Is Rithm Property Trust Inc. (RPT) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $14.67 versus a price of $11.00, about +33% upside (undervalued).
What is the fair value of RPT?
Our model-based fair value for Rithm Property Trust Inc. is $14.67 (as of Nov 7, 2026), built from audited fundamentals. The current price: $11.00.
What is the quality score of RPT?
Rithm Property Trust Inc. has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Rithm Property Trust Inc. (RPT)?
Our model-based price target is the fair value of $14.67 (as of Nov 7, 2026) from 6 valuation models. Cautious scenario $9.10, optimistic scenario $18.52. It is a calculation from audited fundamentals, not an analyst target.
What is the Rithm Property Trust Inc. stock forecast for 2026?
Our models put fair value at $14.67, about +33% upside versus a price of $11.00 (undervalued). Cautious scenario $9.10, optimistic scenario $18.52. The calculation is refreshed regularly with new filings.
What is the revenue of Rithm Property Trust Inc. (RPT)?
Rithm Property Trust Inc. reported trailing-twelve-month revenue of about $25.3M (latest available figure, as of Nov 7, 2026).
Does Rithm Property Trust Inc. pay a dividend?
Rithm Property Trust Inc. currently shows a dividend yield of 13.09% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Rithm Property Trust Inc. (RPT) and when is the ex-dividend date?
Rithm Property Trust Inc. pays a dividend of $1.44 per share a year, a dividend yield of 13.1%. The last ex-dividend date was Oct 30, 2026. A dividend has been paid every year since at least 2015. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of Rithm Property Trust Inc. (RPT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Rithm Property Trust Inc. it is $14.67 per share (as of Nov 7, 2026), against a price of $11.00. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Rithm Property Trust Inc. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, RPT trades below its calculated fair value: price $11.00, fair value $14.67, a gap of about +33% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RPT?
No. The price is what the market pays today ($11.00); the fair value is what the company's own numbers justify ($14.67). For Rithm Property Trust Inc. the two are $3.67 per share apart. That gap is exactly why we show both numbers side by side.
How much is Rithm Property Trust Inc. worth?
The market values Rithm Property Trust Inc. at about $86.5M (market capitalisation, as of Nov 7, 2026). Per share that is $11.00; our models calculate a fair value of $14.67 per share.
What do the bullish and bearish scenarios say about RPT?
Our models span a range for Rithm Property Trust Inc.: cautious scenario $9.10, base $14.67, optimistic $18.52 per share (as of Nov 7, 2026, price $11.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RPT?
Rithm Property Trust Inc. trades at a price-to-earnings ratio of 84.6 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $14.67 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 61.1 (reported for FY2025: 57.9).
How solid is the balance sheet of Rithm Property Trust Inc. (RPT)?
Balance-sheet figures for Rithm Property Trust Inc. (as of Nov 7, 2026): return on equity 2.2%, debt of 1.15 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is RPT from its 52-week high?
Rithm Property Trust Inc. trades at $11.00, about 34% below its 52-week high of $16.67 and 5% above the low of $10.43 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $14.67 is for.
Which stocks are comparable to Rithm Property Trust Inc.?
From the same area (Real Estate) we also value Annaly Capital Management, Inc, AGNC Investment Corp, Rithm Capital Corp, Starwood Property Trust, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Rithm Property Trust Inc. stock attractive at the current price?
The data as of Nov 7, 2026: price $11.00, calculated fair value $14.67 (+33%), Quality Score 45/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RPT calculated?
We run Rithm Property Trust Inc. through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $14.67 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Rithm Property Trust Inc. currently trades 25% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Rithm Property Trust Inc. (RPT)?
The closing price on Nov 6, 2026 was $11.00. Our model-based fair value is $14.67, about +33% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Rithm Property Trust Inc. right now?
The large discount to fair value meets weak quality (45/100). That raises the risk this is a value trap rather than a bargain. A fairly wide model range ($9.10 to $18.52) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Key figures of Rithm Property Trust Inc.

How large is the market capitalisation of Rithm Property Trust Inc. (RPT)?
The market capitalisation of Rithm Property Trust Inc. is $86.5M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Rithm Property Trust Inc. (RPT)?
The price-to-sales ratio of Rithm Property Trust Inc. is 2.36 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Rithm Property Trust Inc. (RPT)?
Earnings per share at Rithm Property Trust Inc. are $0.1300 (price ÷ EPS = P/E 84.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Rithm Property Trust Inc. (RPT)?
The dividend yield of Rithm Property Trust Inc. is 13.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Rithm Property Trust Inc. (RPT)?
The net margin of Rithm Property Trust Inc. is 2.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Rithm Property Trust Inc. (RPT)?
The return on equity (ROE) of Rithm Property Trust Inc. is 2.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Rithm Property Trust Inc. (RPT)?
On an EBIT basis the return on assets of Rithm Property Trust Inc. is −0.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Rithm Property Trust Inc. (RPT)?
The operating margin of Rithm Property Trust Inc. is 37.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Rithm Property Trust Inc. (RPT)?
Revenue at Rithm Property Trust Inc. is growing +106% versus a year earlier (3y avg −37.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Rithm Property Trust Inc. (RPT)?
Earnings per share at Rithm Property Trust Inc. are growing +12.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Rithm Property Trust Inc. (RPT) generate?
The free cash flow of Rithm Property Trust Inc. is −$4.5M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Rithm Property Trust Inc. (RPT) carry?
The net debt of Rithm Property Trust Inc. is $663M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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