RPT

Rithm Property Trust Inc. (NYSE:RPT) is a publicly traded real estate investment trust that has undergone significant strategic transformation in recent years. Originally operating as Great Ajax Corp focused on residential mortgage investments, the company rebranded to Rithm Property Trust in late 2024 as part of a comprehensive pivot toward commercial real estate investments. The company is affiliated with Rithm Capital Corp, a larger financial services firm with $40 billion in assets and expertise in real estate investment management. RPT has been actively repositioning its portfolio by selling legacy residential mortgage assets and deploying capital into commercial real estate opportunities, marking its first profitable quarter in three years during Q4 2024.