$RPT

2 stories mentioning RPTUpdated 42d ago

Every FINWIRES story that references RPT, newest first.

Rithm Property Trust Shares Rise After Terminating Proposed Public Offering

Rithm Property Trust (RPT) shares were up nearly 15% in Tuesday trading after the company said in a filing with the US Securities and Exchange Commission that it has terminated the proposed public offering of its common stock based on an assessment of the current market conditions.As a result, no shares of the company's common stock or preferred stock are being sold in the public offering or the concurrent private offering, and the company will not acquire a portfolio of multifamily residential transition loans, it added.Price: $12.20, Change: $+1.57, Percent Change: +14.77%

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Wire50d ago

Rithm Property Trust Launches Public Offering of Common Shares

Rithm Property Trust (RPT) said late Monday it launched a public offering of common shares.The company will grant underwriters a 30-day overallotment option to buy an additional 15% of the shares offered, according to a statement.An affiliate Rithm Capital has shown interest in buying common shares in a concurrent private placement, according to the company.Net proceeds will be used to acquire a portfolio of multifamily residential transition loans from affiliates of Rithm Capital, and for general corporate purposes, the company said.

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