Rithm Property Trust Inc. (RPT) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-119.5%

-$2.13

vs $10.94 price

Levered DCF

-$95.71

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

-0.37

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-46.06×	-1.3×	-2.66×	47.8×	17.32×	36.92×	12.88×	54.77×
P/B	0.43×	0.48×	0.42×	3.81×	2.15×	1.72×	1.57×	1.18×
P/S	2.25×	2.5×	1.8×	16.83×	14.08×	29.33×	5.55×	3.68×
EV / EBITDA	20.25×	-15.76×	55.57×	22.74×	22.99×	-6,814.76×	10.06×	11.84×
Gross margin	88.8%	31.8%	68.0%	69.4%	90.2%	100.0%	69.5%	71.9%
Operating margin	69.9%	-103.4%	53.9%	54.6%	73.1%	0.0%	23.1%	20.1%
Net margin	2.6%	-192.5%	-65.1%	38.6%	55.2%	99.9%	39.1%	6.8%
Current ratio	1.22×	1.38×	0.49×	0.46×	0.19×	2.84×	1.86×	0.9×
Debt / equity	2.54×	2.93×	2.01×	0.94×	1.36×	2.33×	1.15×	1.19×
Interest coverage	1.04×	-1.13×	0.66×	3.34×	1.5×	0×	1.35×	1.2×
Dividend yield	8.8%	9.6%	15.8%	1.4%	2.7%	5.1%	6.1%	8.2%
Payout ratio	749.0%	-12.5%	-43.7%	60.6%	69.2%	150.6%	86.4%	447.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.5%	-37.2%	-15.2%	8.8%	8.4%	5.9%	11.0%	2.2%
Return on invested capital	3.6%	-5.1%	2.9%	6.2%	3.1%	0.0%	2.9%	2.8%
Return on assets	0.1%	-9.4%	-3.5%	4.3%	2.4%	1.7%	4.8%	0.9%
Free cash flow yield	-3.6%	0.2%	-35.8%	1.9%	6.1%	4.8%	2.6%	3.0%
Earnings yield	1.2%	-76.9%	-36.2%	2.3%	3.9%	3.4%	7.0%	1.8%
Enterprise value	$788M	$777.7M	$698.7M	$4.6B	$1.7B	$1.9B	$2.1B	$1.9B
Net debt / EBITDA	17.02×	-13.34×	45.24×	4.49×	8.22×	-3,749.63×	3.95×	5.8×
Cash conversion cycle (days)	2,379	3,030	37	-196	101	14,320	-256	-262