Rithm Property Trust Inc reports results for the quarter ended March 31 - Earnings Summary

• Rithm Property Trust Inc RPT.N reported a quarterly adjusted loss of 8 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-2.41. The mean expectation of two analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from 1 cents to 2 cents per share.

• Revenue rose 107.7% to $3.81 million from a year ago; analysts expected $4.83 million.

• Rithm Property Trust Inc's reported EPS for the quarter was a loss of 8 cents​.

• The company reported a quarterly loss of $3.39 million.

• Rithm Property Trust Inc shares had fallen by 1.0% this quarter and lost 4.4% so far this year.

FORECAST CHANGES

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "buy"

• Wall Street's median 12-month price target for Rithm Property Trust Inc is $4.00

This summary was machine generated from LSEG data April 28 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)