Rithm Property Trust sells CMBS amid Iran conflict, rising rates; net interest income falls

Filed May 1, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 2, 2025 · ~1 min read

Key Changes

• high

  Company sold $93.6M of CMBS holdings in Q1 2026, reversing prior-year buying trend, as portfolio shrank from $273.8M to $151.3M. Net interest income declined $0.2M year-over-year despite lower financing costs, reflecting collateral runoff.

  MD&A: CMBS portfolio and net interest income verify on EDGAR →
• high

  Iran conflict erupted late February 2026, driving oil prices up 76.6% in Q1 and pushing headline inflation from 2.7% to 3.3%. Market now expects fewer Fed rate cuts in 2026; 10-year Treasury yield rose 15 bps to 4.32%.

  MD&A: Geopolitical risk and interest rates verify on EDGAR →
• medium

  Board authorized $10M stock repurchase program through March 2027; company bought back 15,227 shares for $0.2M in Q1 2026. New capital allocation competes with debt paydown and investment.

  MD&A: Capital allocation verify on EDGAR →