SCHEDULE 13G/A: Investment Firm Beach Point Capital Discloses 5.7% Passive Stake in Rithm Property Trust

Beach Point Capital Management LP and its general partner, Beach Point GP LLC, have disclosed a passive 5.7% beneficial ownership stake in Rithm Property Trust Inc., holding 2,606,974 shares as of March 31, 2025.

Summary

• Beach Point Capital Management LP and Beach Point GP LLC reported beneficial ownership of 2,606,974 shares of Rithm Property Trust Inc. Common Stock.
• This ownership represents 5.7% of the outstanding Common Stock, calculated based on 45,420,752 shares outstanding as of March 31, 2025, as reported by the Issuer.
• The shares are held on behalf of various clients, with Beach Point Capital and Beach Point GP exercising shared voting and shared dispositive power over these securities.
• This filing is an Amendment No. 3 to Schedule 13G, indicating a passive investment stance, meaning the reporting persons do not intend to influence or change the control of the issuer.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The filing is a routine disclosure of a passive investment, which is generally a neutral event. The presence of an institutional investor holding a significant stake can be seen as a minor positive signal of confidence.

Positives

• The disclosure of a significant passive stake by an institutional investor like Beach Point Capital Management LP may signal confidence in Rithm Property Trust Inc.'s long-term prospects.
• The passive nature of the investment, as indicated by the Schedule 13G filing, suggests that the investor is not seeking to exert control or influence management, which can be viewed as a stable form of institutional ownership.

Future Outlook

This document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance regarding the future performance or strategic direction of Rithm Property Trust Inc. or the reporting entities.

Management Comments

• Lawrence M. Goldman, Chief Administrative Officer of both Beach Point Capital Management LP and Beach Point GP LLC, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing represents a routine disclosure of a passive investment by an institutional asset manager in a publicly traded company. Such disclosures are common in the financial industry and reflect standard portfolio management activities by investment advisers and their related entities.

Comparison to Industry Standards

• This Schedule 13G filing is a standard regulatory disclosure for institutional investors acquiring more than 5% of a company's stock with a passive intent, aligning with typical practices for large asset managers.
• The reported 5.7% stake is a significant, but non-controlling, position, consistent with the investment strategies of many institutional funds that seek diversified exposure without direct operational involvement.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may be viewed positively, potentially contributing to market confidence and stability for Rithm Property Trust Inc.'s stock.
• Management: As a passive investment, this filing does not imply any direct impact on the operational or strategic decisions of Rithm Property Trust Inc.'s management.

Next Steps

• The reporting persons may file future amendments to this Schedule 13G if their beneficial ownership percentage changes significantly (e.g., by 1% or more) or if their investment intent changes from passive to active.

Key Dates

Keywords

Rithm Property Trust, Beach Point Capital Management, Beach Point GP, Schedule 13G, beneficial ownership, common stock, investment adviser, passive investment, institutional ownership