Rithm Perpetual Life Residential Trust Reports April 30, 2026 NAV

What Happened
Rithm Perpetual Life Residential Trust filed a Form 8-K (Item 8.01) on May 15, 2026 reporting its net asset value (NAV) as of April 30, 2026. The company reported NAV per share of $20.1562 for Class J common shares and $20.2389 for Class E common shares. Total NAV was reported as $122,073 (amounts in the filing are stated in thousands, i.e., $122.073 million), based on 6,055,372 total outstanding shares.

Key Details

• NAV per share (as of April 30, 2026): Class J $20.1562; Class E $20.2389.
• Total NAV: $122,073 (in thousands) — i.e., $122.073 million; total outstanding shares: 6,055,372 (Class J: 5,825,422; Class E: 229,950).
• Major components (amounts in thousands): residential transition loans at fair value $348,452 ($348.452M); residential mortgage loans $170,452 ($170.452M); secured financings (liability) $(403,053) ($(403.053)M).
• Cash and restricted cash: $4,465 and $6,398 (in thousands), respectively. NAV was calculated under the board-approved valuation guidelines.

Why It Matters
NAV per share provides a snapshot of the trust’s estimated underlying value and is a reference point for investors evaluating share price vs. reported asset value. The company’s asset mix is heavily weighted toward residential transition loans and mortgage loans, while secured financings are a significant liability, which together determine the reported NAV. This filing is an informational update (Item 8.01) rather than an earnings release; investors should combine NAV updates with other financial reports and market information when assessing the trust.