Rithm Property Trust Inc. Common stock (RPT) fair value
Real Estate · REIT - Mortgage · NYSE · United States
$11.12-2.88%
Market cap $89MNext earnings 2026-10-21Updated Oct 23, 2026
Our verdict
Trades 139% above our fair value
Price
$11.12
Model fair valueConfidence: good
$4.65
Model range
$4.26 to $5.05
Fair value $4.65
Price $11.12
2 models fit Rithm Property Trust Inc. Common stock and they agree: 2 of 2 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)
Valued as a REIT (property company): Price to FFO and Dividend discount.
ACCE opinionRithm Property Trust Inc. Common stock (RPT)
Fair value (2 models)
$4.65
ACCE price target
$10.00
Rating
Overvalued
Horizon
12 months
Fair value published on 21 Oct 2026, 11:06 CEST; previously $4.56 since 17 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 11:06 CEST.
Price used: $11.12 at the close on 23 Oct 2026, 22:00 CEST.
Models: Dividend discount and Price to FFO.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
139.1% above
-58.2% to fair value
ACCE score
47
out of 100
Analysts
100% buy
3 covering
P/E
0.0x
forward 50.8x
1-year return
-25.0%
Dividend yield
0.00%
Rithm Property Trust Inc. Common stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Rithm Property Trust is a small mortgage REIT that originates and holds bridge loans and other commercial real estate debt, financing it largely through securitisation and repurchase facilities. Its structural pull is the parent sponsorship and access to an origination pipeline that a sub-scale lender would struggle to build alone, though the data we have does not quantify that relationship. Revenue grew 9.6%, with a 31.4% operating margin, but the 1.0% ROE and a trailing P/E of zero (distorted by near-zero or negative earnings) show the spread is not yet reaching shareholders. A forward P/E of 50.8 implies the market is paying for a sharp earnings recovery that has not appeared in the trailing numbers. At an 84M market cap and a 41/100 score, this is a name to examine only if you can underwrite that earnings inflection and the credit quality of the loan book behind it.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
high
Heavy leverage
Debt/Equity of 2.54 is high for a $81M company, and free cash flow is negative at $-4,495,000, so the balance sheet depends on continued access to financing.
high
Price well above model value
The stock trades 139.1% above the model fair value of $4.65, and sits 11.2% above the ACCE price target of $10.00.
moderate
Thin return on equity
ROE of +1.0% on a 2.54 debt-to-equity ratio means the leverage is adding little to shareholder returns.
moderate
Score slipping
The ACCE score fell 6 points over 90 days, from 47 to 41, with valuation at 25 and momentum at 17.
AI research notes
AI-assisted·How I use AIWritten Oct 18, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 9.6% year over year, and the five-year average growth rate is 11.9% per year.
Analysts are unanimous, with all 3 covering analysts rating the stock Buy or Strong Buy, and their mean price target sits 110.9% above the current price.
The latest quarter beat expectations, with earnings per share of -0.01 against -0.04 expected, a 75.0% surprise.
Why it could disappoint
The trust's free cash flow over the last 12 months was negative at -$4M, and its free cash flow yield is -5.5%.
The share price of $11.12 trades 139.1% above the model fair value of $4.65, and both valuation models sit below the price.
Return on equity is only 1.0% and debt to equity is 2.54, while the diluted share count rose 13.0% last fiscal year.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Walk me through this stock
Plain-English pros, cons, and what to watch. Pro feature.
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Valuation
INVESTOR
Where RPT's valuation models land
Price
$11.12
Model fair value
$4.65
Model range
$4.26 to $5.05
Fair value $4.65
Price $11.12
The price is above the whole model range.
Model
Fair value
Upside
Dividend discount
Price to FFO
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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