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Rithm Property Trust Inc T.AJX


Primary Symbol: RPT

Real Estate REIT - Diversified
Rithm Property Trust Inc., formerly Great Ajax Corp., is a real estate investment trust (REIT) externally managed by an affiliate of Rithm Capital Corp. The Company is focused on a flexible commercial real estate focused investment strategy. It is investing in and managing real estate and financial services assets.


NYSE:RPT - Post by User

Rithm Property Trust Inc > Share Buyback Coming?
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Comment by sparkyAgon May 08, 2020 1:46pm
140 Views
Post# 31004276

RE:RE:RE:RE:Share Buyback Coming?

RE:RE:RE:RE:Share Buyback Coming?Based on your numbers the company bought back stock at 22.6 cents/share when it was trading at 58 cents. Correct?  

At December 31, 2019 the company had $24,923,000 in current assets, about 21 cents/share..  There is about $5.7 million in current liabilities, 4.8 cents per share.  No debt.

So, they paid 22.6 cents/share for today's net current assets of ~16 cents/share.  That leaves 10 cents/share for the other assets of the company; about $11.7 million.  

Seems reasonable to me unless I am missing something.  


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