Rithm Property Trust Announces 1-for-6 Reverse Stock Split
Rithm Property Trust announced that its Board of Directors unanimously approved a one-for-six reverse stock split of the company's issued and outstanding shares of common stock. The Reverse Stock Split is expected to take effect as of 5:00 p.m. Eastern Time, on December 30, 2025. Accordingly, at such time, every six issued and outstanding shares of Common Stock will be converted into one share of Common Stock. Corresponding adjustments to the outstanding common units of the company's operating partnership will become effective at the respective times. The common Stock will continue to trade on The New York Stock Exchange under the symbol "RPT" and is expected to begin trading on a Reverse Stock Split-adjusted basis beginning on December 31, 2025, under the new CUSIP number 38983D 854. As a result of the reverse stock split, the number of outstanding shares of RPT's Common Stock will be reduced from approximately 45.4 million to approximately 7.6M.
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Rithm Property Trust Declares Q4 2025 Dividends for Common and Preferred Stocks
- Common Stock Dividend: Rithm Property Trust has declared a cash dividend of $0.36 per share for common stock, payable on February 13, 2026, aimed at enhancing shareholder returns and attracting investor interest.
- Preferred Stock Dividend: The Board declared a Series C dividend of $0.6171875 per share for the fourth quarter, payable on February 17, 2026, reflecting the company's ongoing commitment to its preferred shareholders.
- Record Dates: The record date for common stockholders is January 30, 2026, while preferred stockholders have a record date of February 1, 2026, ensuring timely dividend distribution and enhancing company transparency.
- Company Overview: Rithm Property Trust operates as a real estate investment platform externally managed by Rithm Capital Corp., focusing on a flexible commercial real estate investment strategy that qualifies as a REIT for tax purposes.
Greenlane Holdings Inc. CEO Resigns, Shares Drop 11%
- Executive Change: Greenlane Holdings Inc. announced the immediate resignation of CEO Barbara Sher, resulting in an 11% drop in share price to $2.35 on Friday, reflecting market concerns over leadership changes that may impact the company's strategic direction.
- Financial Performance: Tokyo Lifestyle Co. Ltd. reported a loss of 2 cents per share for H1, down from earnings of 3 cents per share a year ago, despite sales soaring from $98.003 million to $190.421 million, indicating potential growth but raising investor concerns over declining profitability.
- Management Adjustment: Comfort Systems USA Inc. appointed COO Trent T. McKenna as president effective January 1, which may bring new strategic perspectives to the company and drive further development in the market.
- Financial Outlook: cbdMD Inc. posted a fourth-quarter loss of 8 cents per share, exceeding market estimates of a 7-cent loss, while sales reached $4.721 million, surpassing expectations of $4.702 million, indicating resilience in sales despite poor overall profitability.
Rithm Property Trust Approves 1-for-6 Reverse Stock Split
- Reverse Stock Split Decision: Rithm Property Trust's Board of Directors unanimously approved a 1-for-6 reverse stock split, expected to take effect on December 30, 2025, reducing the outstanding shares from approximately 45.4 million to about 7.6 million, aimed at increasing the share price to attract more investor interest.
- Exchange Adjustments: Post-split, RPT shares will continue trading on the NYSE, with adjusted trading commencing on December 31, 2025, under the new CUSIP number 38983D 854, ensuring the company's ongoing compliance in capital markets.
- Shareholder Impact: The reverse stock split will not affect shareholders' ownership percentages, although minor changes may occur due to cash payments for fractional shares, thereby protecting existing shareholders' interests and enhancing trust through compensation.
- Legal Compliance: The reverse stock split has been approved by the Board under Maryland General Corporation Law without requiring shareholder votes, demonstrating the company's efficiency and transparency in governance, which further solidifies investor confidence.
Rithm Property Trust Approves 1-for-6 Reverse Stock Split
- Reverse Stock Split Decision: Rithm Property Trust's Board of Directors unanimously approved a 1-for-6 reverse stock split, expected to take effect on December 30, 2025, reducing outstanding shares from approximately 45.4 million to about 7.6 million, aimed at increasing share price to attract more investor interest.
- Exchange Adjustments: Post-split, the company's common stock will continue trading on the NYSE under the new CUSIP number 38983D 854, with trading on a reverse-split-adjusted basis starting December 31, 2025, ensuring liquidity and market stability.
- Shareholder Rights Protection: The reverse stock split will not affect shareholders' ownership percentages, although minor changes may arise from cash payments for fractional shares, thereby maintaining investment value and enhancing shareholder confidence.
- No Shareholder Approval Required: The Board's approval suffices under Maryland General Corporation Law to implement the reverse stock split without shareholder voting, streamlining the process and accelerating implementation, demonstrating the management's efficient decision-making capabilities.
Rithm Property Trust Greenlights 1-for-6 Reverse Stock Split
Reverse Stock Split Announcement: Rithm Property Trust (RPT) has received board approval for a one-for-six reverse stock split of its common stock, set to take effect on December 30, 2025.
Reduction in Outstanding Shares: The reverse stock split will decrease the number of outstanding common shares from approximately 45.4 million to about 7.6 million.
Financial Context: Rithm Property Trust is facing a significant gap between its book value of $5.30 and its current stock price of $2.40, indicating potential financial distress.
Market Analysis: Seeking Alpha's Quant Rating suggests that Rithm Property Trust's high yield comes with high risk, hinting at possible liquidation or recapitalization strategies.
Rithm Property Trust Inc. Announces Common and Preferred Dividends for Q3 2025
Common Stock Dividend Announcement: Rithm Property Trust's Board declared a cash dividend of $0.06 per share for common stock, payable on November 28, 2025, to stockholders of record as of November 14, 2025.
Preferred Stock Dividend Announcement: The Board also declared a dividend of $0.6171875 per share for its 9.875% Series C Preferred Stock, payable on November 17, 2025, to preferred stockholders of record on November 1, 2025.
Company Overview: Rithm Property Trust is a real estate investment platform managed by an affiliate of Rithm Capital Corp, focusing on acquiring and managing loans secured by residential and commercial properties.
Strategic Transition: The company has shifted to a flexible commercial real estate investment strategy as part of its 2024 strategic transaction with Rithm Capital, while maintaining its status as a real estate investment trust (REIT).
Rithm Property Trust Declares Q4 2025 Dividends for Common and Preferred Stocks
- Common Stock Dividend: Rithm Property Trust has declared a cash dividend of $0.36 per share for common stock, payable on February 13, 2026, aimed at enhancing shareholder returns and attracting investor interest.
- Preferred Stock Dividend: The Board declared a Series C dividend of $0.6171875 per share for the fourth quarter, payable on February 17, 2026, reflecting the company's ongoing commitment to its preferred shareholders.
- Record Dates: The record date for common stockholders is January 30, 2026, while preferred stockholders have a record date of February 1, 2026, ensuring timely dividend distribution and enhancing company transparency.
- Company Overview: Rithm Property Trust operates as a real estate investment platform externally managed by Rithm Capital Corp., focusing on a flexible commercial real estate investment strategy that qualifies as a REIT for tax purposes.
Greenlane Holdings Inc. CEO Resigns, Shares Drop 11%
- Executive Change: Greenlane Holdings Inc. announced the immediate resignation of CEO Barbara Sher, resulting in an 11% drop in share price to $2.35 on Friday, reflecting market concerns over leadership changes that may impact the company's strategic direction.
- Financial Performance: Tokyo Lifestyle Co. Ltd. reported a loss of 2 cents per share for H1, down from earnings of 3 cents per share a year ago, despite sales soaring from $98.003 million to $190.421 million, indicating potential growth but raising investor concerns over declining profitability.
- Management Adjustment: Comfort Systems USA Inc. appointed COO Trent T. McKenna as president effective January 1, which may bring new strategic perspectives to the company and drive further development in the market.
- Financial Outlook: cbdMD Inc. posted a fourth-quarter loss of 8 cents per share, exceeding market estimates of a 7-cent loss, while sales reached $4.721 million, surpassing expectations of $4.702 million, indicating resilience in sales despite poor overall profitability.
Rithm Property Trust Approves 1-for-6 Reverse Stock Split
- Reverse Stock Split Decision: Rithm Property Trust's Board of Directors unanimously approved a 1-for-6 reverse stock split, expected to take effect on December 30, 2025, reducing the outstanding shares from approximately 45.4 million to about 7.6 million, aimed at increasing the share price to attract more investor interest.
- Exchange Adjustments: Post-split, RPT shares will continue trading on the NYSE, with adjusted trading commencing on December 31, 2025, under the new CUSIP number 38983D 854, ensuring the company's ongoing compliance in capital markets.
- Shareholder Impact: The reverse stock split will not affect shareholders' ownership percentages, although minor changes may occur due to cash payments for fractional shares, thereby protecting existing shareholders' interests and enhancing trust through compensation.
- Legal Compliance: The reverse stock split has been approved by the Board under Maryland General Corporation Law without requiring shareholder votes, demonstrating the company's efficiency and transparency in governance, which further solidifies investor confidence.
Rithm Property Trust Approves 1-for-6 Reverse Stock Split
- Reverse Stock Split Decision: Rithm Property Trust's Board of Directors unanimously approved a 1-for-6 reverse stock split, expected to take effect on December 30, 2025, reducing outstanding shares from approximately 45.4 million to about 7.6 million, aimed at increasing share price to attract more investor interest.
- Exchange Adjustments: Post-split, the company's common stock will continue trading on the NYSE under the new CUSIP number 38983D 854, with trading on a reverse-split-adjusted basis starting December 31, 2025, ensuring liquidity and market stability.
- Shareholder Rights Protection: The reverse stock split will not affect shareholders' ownership percentages, although minor changes may arise from cash payments for fractional shares, thereby maintaining investment value and enhancing shareholder confidence.
- No Shareholder Approval Required: The Board's approval suffices under Maryland General Corporation Law to implement the reverse stock split without shareholder voting, streamlining the process and accelerating implementation, demonstrating the management's efficient decision-making capabilities.
Rithm Property Trust Greenlights 1-for-6 Reverse Stock Split
Reverse Stock Split Announcement: Rithm Property Trust (RPT) has received board approval for a one-for-six reverse stock split of its common stock, set to take effect on December 30, 2025.
Reduction in Outstanding Shares: The reverse stock split will decrease the number of outstanding common shares from approximately 45.4 million to about 7.6 million.
Financial Context: Rithm Property Trust is facing a significant gap between its book value of $5.30 and its current stock price of $2.40, indicating potential financial distress.
Market Analysis: Seeking Alpha's Quant Rating suggests that Rithm Property Trust's high yield comes with high risk, hinting at possible liquidation or recapitalization strategies.
Rithm Property Trust Inc. Announces Common and Preferred Dividends for Q3 2025
Common Stock Dividend Announcement: Rithm Property Trust's Board declared a cash dividend of $0.06 per share for common stock, payable on November 28, 2025, to stockholders of record as of November 14, 2025.
Preferred Stock Dividend Announcement: The Board also declared a dividend of $0.6171875 per share for its 9.875% Series C Preferred Stock, payable on November 17, 2025, to preferred stockholders of record on November 1, 2025.
Company Overview: Rithm Property Trust is a real estate investment platform managed by an affiliate of Rithm Capital Corp, focusing on acquiring and managing loans secured by residential and commercial properties.
Strategic Transition: The company has shifted to a flexible commercial real estate investment strategy as part of its 2024 strategic transaction with Rithm Capital, while maintaining its status as a real estate investment trust (REIT).
