CORRECTION: Rithm Property Trust Announces 1-For-6 Reverse Stock Split, Effective December 30, 2025

Rithm Property Trust Inc. (NYSE:RPT, "RPT" or the "Company"))) today announced that its Board of Directors unanimously approved a one-for-six reverse stock split (the "Reverse Stock Split") of the Company's issued and outstanding shares of common stock (the "Common Stock").

The Reverse Stock Split is expected to take effect as of 5:00 p.m. Eastern Time, on December 30, 2025. Accordingly, at such time, every six issued and outstanding shares of Common Stock will be converted into one share of Common Stock. Corresponding adjustments to the outstanding common units of the Company's operating partnership will become effective at the respective times.

The Common Stock will continue to trade on The New York Stock Exchange ("NYSE") under the symbol "RPT" and is expected to begin trading on a Reverse Stock Split-adjusted basis beginning on December 31, 2025, under the new CUSIP number 38983D 854. As a result of the reverse stock split, the number of outstanding shares of RPT's Common Stock will be reduced from approximately 45.4 million to approximately 7.6 million.