Phylogenetic trees are a mathematical formalisation of evolutionary histories between organisms, species, genes, cancer cells, etc. For many applications, e.g. when analysing virus transmission trees or cancer evolution, (phylogenetic) time trees are of interest, where branch lengths represent times. Computational methods for reconstructing time trees from (typically molecular) sequence data, for example Bayesian phylogenetic inference using Markov Chain Monte Carlo (MCMC) methods, rely on algorithms that sample the treespace. They employ tree rearrangement operations such as SPR\\documentclass[12pt]{minimal} \\usepackage{amsmath} \\usepackage{wasysym} \\usepackage{amsfonts} \\usepackage{amssymb} \\usepackage{amsbsy} \\usepackage{mathrsfs} \\usepackage{upgreek} \\setlength{\\oddsidemargin}{-69pt} \\begin{document}$$\ extrm{SPR}$$\\end{document} (Subtree Prune and Regraft) and NNI\\documentclass[12pt]{minimal} \\usepackage{amsmath} \\usepackage{wasysym} \\usepackage{amsfonts} \\usepackage{amssymb} \\usepackage{amsbsy} \\usepackage{mathrsfs} \\usepackage{upgreek} \\setlength{\\oddsidemargin}{-69pt} \\begin{document}$$\ extrm{NNI}$$\\end{document} (Nearest Neighbour Interchange) or, in the case of time tree inference, versions of these that take times of internal nodes into account. While the classic SPR\\documentclass[12pt]{minimal} \\usepackage{amsmath} \\usepackage{wasysym} \\usepackage{amsfonts} \\usepackage{amssymb} \\usepackage{amsbsy} \\usepackage{mathrsfs} \\usepackage{upgreek} \\setlength{\\oddsidemargin}{-69pt} \\begin{document}$$\ extrm{SPR}$$\\end{document} tree rearrangement is well-studied, its variants for time trees are less understood, limiting comparative analysis for time tree methods. In this paper we consider a modification of the classical SPR\\documentclass[12pt]{minimal} \\usepackage{amsmath} \\usepackage{wasysym} \\usepackage{amsfonts} \\usepackage{amssymb} \\usepackage{amsbsy} \\usepackage{mathrsfs} \\usepackage{upgreek} \\setlength{\\oddsidemargin}{-69pt} \\begin{document}$$\ extrm{SPR}$$\\end{document} rearrangement on the space of ranked phylogenetic trees, which are trees equipped with a ranking of all internal nodes. This modification results in two novel treespaces, which we propose to study. We begin this study by discussing algorithmic properties of these treespaces, focusing on those relating to the complexity of computing distances under the ranked SPR\\documentclass[12pt]{minimal} \\usepackage{amsmath} \\usepackage{wasysym} \\usepackage{amsfonts} \\usepackage{amssymb} \\usepackage{amsbsy} \\usepackage{mathrsfs} \\usepackage{upgreek} \\setlength{\\oddsidemargin}{-69pt} \\begin{document}$$\ extrm{SPR}$$\\end{document} operations as well as similarities and differences to known tree rearrangement based treespaces. Surprisingly, we show the counterintuitive result that adding leaves to trees can actually decrease their ranked SPR\\documentclass[12pt]{minimal} \\usepackage{amsmath} \\usepackage{wasysym} \\usepackage{amsfonts} \\usepackage{amssymb} \\usepackage{amsbsy} \\usepackage{mathrsfs} \\usepackage{upgreek} \\setlength{\\oddsidemargin}{-69pt} \\begin{document}$$\ extrm{SPR}$$\\end{document} distance, which may have an impact on the results of time tree sampling algorithms given uncertain “rogue taxa”.