Rithm Capital Corp

Rithm Capital Corp. is a real estate investment trust, which aims to generate long-term value for investors by investing in mortgage related assets, including operating companies, that offer attractive risk-adjusted returns. It operates through the following segments: Origination, Servicing, MSR Related Investments, Residential Securities, Properties and Loans, Consumer Loans, Mortgage Loans Receivables, and Corporate. The Corporate segment includes general and administrative expenses, the management fees and incentive compensation, and corporate cash and related interest income. The company was founded in 2011 and is headquartered in New York, NY.

Earnings data Q2 2022

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Rithm Capital Corp reports solid 2022 performance and eyes growth opportunities

Rithm Capital Corp's Q4 2022 earnings call highlighted strong financial performance, strategic initiatives, and growth prospects. The company's focus on customer retention, exploring new products, and leveraging sub-servicing capabilities positions it for future success. While facing challenges in market conditions and expense management, Rithm is poised to capitalize on opportunities in alternative assets and European investments.

Rithm Capital Corp reports robust Q1 earnings and eyes strategic growth opportunities

Rithm Capital Corp's Q1 2023 earnings call showcased strong financial performance, strategic evolution, and a focus on seizing growth opportunities. Despite challenges in the market, the company's emphasis on capital raising, expansion, and optimizing operations positions it for future success.

Rithm Capital Corp reports strong Q2 earnings and eyes international expansion

Rithm Capital Corp's Q2 2023 performance reflects robust financial results, driven by strategic acquisitions and effective cost management.
While facing challenges like potential supply chain disruptions, the company is well-positioned to leverage opportunities in international markets and innovation.
Investors can be optimistic about Rithm's growth trajectory, supported by strong revenue growth, operational efficiency, and a focus on shareholder value.

Rithm Capital Corp excels in Q3, eyes asset management growth

Rithm Capital Corp reports strong Q3 performance, focusing on alternative asset management and strategic acquisitions. Challenges from high mortgage rates and rising interest rates are being addressed through expense reduction initiatives. Optimism surrounds future growth opportunities and asset management expansion.

Rithm Capital Corp (RITM) excels in asset management growth

Rithm Capital Corp (RITM) showcased strong performance, focusing on strategic transactions and asset management growth.
The company's strengths include a commitment to AUM growth, pursuing acquisitions, and seizing opportunities in real estate.
Challenges include capital allocation decisions, operational adjustments, and efficiency enhancements post-acquisitions.
Opportunities for Rithm include expanding mortgage business, strategic acquisitions, and operational improvements for increased profitability.

Rithm Capital Corp reports robust Q1 performance and eyes growth

Rithm Capital Corp's Q1 2024 earnings call highlighted strong performance, growth plans in alternatives, and a focus on operational excellence. The company's emphasis on stability, strategic growth, and digital transformation positions it well for future opportunities and continued success.

Rithm Capital Corp posts strong Q2 earnings, eyes Fed rate cuts

Rithm Capital Corp and Newrez both delivered strong financial results in Q2 2024, showcasing growth and profitability across their respective businesses.
While facing challenges such as market uncertainties and optimizing shareholder value, the companies are well-positioned to capitalize on opportunities like potential Fed rate cuts.
Investors can find value in Rithm Capital Corp's acquisitions and Newrez's disciplined management, indicating promising prospects for future performance and shareholder returns.

Rithm Capital Corp reports robust Q3 performance and growth strategies

Rithm Capital Corp (RITM) showcased a strong quarter with impressive financial metrics and business performance.
The company's diverse business lines, including lending and asset management, contributed to its success.
While challenges like addressing analyst inquiries exist, Rithm Capital Corp is well-positioned to capitalize on growth opportunities.

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Rithm Capital Corp. engages in the provision of real estate, credit, and financial services. It operates through the following segments: Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, Asset Management, and Corporate. The Origination and Servicing segment includes residential mortgage loans underlying mortgage servicing right assets as well as those sub-service for third parties. The Corporate segment focuses on general and administrative expenses, corporate cash and related interest income, unsecured senior notes, and related interest expense. The company was founded on September 26, 2011 and is headquartered in New York, NY.

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Rithm Capital (RITM) is expected to benefit from a strong origination and servicing platform, coupled with strategic initiatives and efficiencies.

Rithm Capital (RITM) Up 15% in the Past Year: More Room to Run?

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This article compares RITM's recent dividend per share rates, yield percentages, and several dividend sustainability metrics to 19 mREIT peers. This includes an analysis of RITM's quarterly core earnings/earnings available for distribution (“EAD”) which directly impacts the company's dividend sustainability. This article also projects RITM's dividend sustainability for Q3 – Q4 2024.

Rithm Capital's Sector Comparative Analysis - Part 2 (Includes Q3 + Q4 2024 Dividend Projection)

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12% Dividend Yield Sure Beats 8%

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that its Board of Directors (the “Board”) has declared second quarter 2024 common and preferred stock dividends. Common Stock Dividend The Board declared a dividend of $0.25 per share of common stock for the second quarter 2024. The second quarter common stock dividend is payable on July 26, 2024, to shareholders of record on July 1, 2024. Preferred Stock Dividends In accordance with the.

Rithm Capital Corp. Declares Second Quarter 2024 Common and Preferred Dividends

Rithm (RITM) reachead $11.26 at the closing of the latest trading day, reflecting a +1.26% change compared to its last close.

Rithm (RITM) Laps the Stock Market: Here's Why

Part 1 of this article compares RITM's recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return (loss), and current valuation to 19 mREIT peers. Due to what has occurred during the second quarter of 2024 (fluctuating rates/yields), understanding the composition of RITM's MSR/investment and derivatives portfolio is crucial in understanding current/future performance. My current RITM BV projection and updated price target is in the “Conclusions Drawn” section. RITM is currently deemed undervalued (buy recommendation).

Rithm Capital's Updated Sector Comparative Analysis - Part 1 (Includes Recommendation For 19 Peers As Of 6/7/2024)

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NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm”), a global asset manager focused on real estate, credit and financial services, and Great Ajax Corp. (NYSE: AJX; “Great Ajax”), a real estate investment trust, today completed their previously announced transaction. As part of the transaction, Great Ajax has entered into a management agreement with an affiliate of Rithm to serve as Great Ajax's external manager. The transaction marks a significant milestone for Great Ajax, with.

Rithm Capital Corp. and Great Ajax Corp. Complete Transaction

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9%+ Yields For Bigger Income

Rithm Capital is a strong income play with a 9% dividend yield and trades below book value. The company's focus is on mortgage servicing rights, which are pro-cyclical interest rate investments. Origination and servicing dominate the revenue mix.

Rithm Capital: A Deep-Value Investment With A 9% Yield

Rithm Capital has been the best performing mortgage REIT of late and also has 4 preferred stocks. This article focuses on 2 fixed-to-floating rate preferred stocks, symbols RITM-A and RITM-B, which will either be called fairly soon or become floating rate preferred stocks. At RITM-B's current price, its yield-to-call is 9.53% and if it is not called, it will float with a huge 11.38% yield at the current 3 month SOFR interest rate.

2 Rithm Capital Preferred Stocks Poised For Big Returns

Rithm Capital Corp. is a well-managed mortgage REIT with strong earnings and a low dividend payout ratio. The company has considerable investments in Mortgage Servicing Rights, which benefit from higher interest rates. With inflation on the rise, Rithm Capital is poised to benefit from a higher-for-longer interest rate environment.

Rithm Capital: Irresistible Value Proposition

Despite the uncertain macroeconomic outlook, Rithm continues to execute its mortgage portfolio well enough while generating robust profitability. The mREIT also offers a compelling dividend investment thesis, with reasonable EAD payout ratio and rich forward yields. Combined with the management's strategic acquisitions, we may see RITM generate improved bottom-line numbers from FQ2'24 onwards.

Rithm: Get Paid 8.79% As Investors Await Its Transition

Rithm (RITM) is exploring the possibility of spinning off its mortgage business or conducting an initial public offering.

Rithm (RITM) Rises 1.6% Since Q1 Earnings Beat: Growth Ahead?

Rithm Capital Corp. stock has continued to outperform the S&P 500. Rithm delivered a solid Q1 earnings release, as its book value per share kept climbing. Rithm Capital has hedged its positions against a potentially more dovish Fed. It has benefited from a robust originations and servicing portfolio.

Rithm: Rock-Solid mREIT Defying Gravity And Yielding 9%

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NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm Capital”) today completed its previously announced acquisition of Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing LLC (“SLS”). Immediately following the closing of the acquisition, SLS merged into Newrez LLC (“Newrez”). Transaction highlights: Adds ~$149b in unpaid principal balance of servicing UPB, of which $104b third-party and other servicing to Newrez portfolio Add.

Rithm Capital Corp. Completes Acquisition of Computershare Mortgage Services Inc., Expanding Newrez LLC's Servicing Portfolio and Subservicing Platform

Although the revenue and EPS for Rithm (RITM) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Rithm (RITM) Q1 Earnings: A Look at Key Metrics

Rithm Capital Corp. (NYSE:RITM ) Q1 2024 Earnings Conference Call April 30, 2024 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - Chairman, CEO and President Baron Silverstein - President, Newrez Conference Call Participants Bose George - KBW Eric Hagen - BTIG Doug Harter - UBS Stephen Laws - Raymond James Jason Weaver - Jones Trading Trevor Cranston - JMP Securities Crispin Love - Piper Sandler Operator Hello and welcome to the Rithm Capital First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Rithm Capital Corp. (RITM) Q1 2024 Earnings Call Transcript

Rithm (RITM) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.35 per share a year ago.

Rithm (RITM) Beats Q1 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm Capital,” “Rithm” or the “Company”) today reported the following information for the first quarter ended March 31, 2024: First Quarter 2024 Financial Highlights: GAAP net income of $261.6 million, or $0.54 per diluted common share(1) Earnings available for distribution of $233.2 million, or $0.48 per diluted common share(1)(2) Common dividend of $120.9 million, or $0.25 per common share Book value per common share of $12.19(1)  .

Rithm Capital Corp. Announces First Quarter 2024 Results

Rithm Capital's (RITM) first-quarter results are likely to reflect an increase in interest income and servicing revenues.

Should You Buy Rithm Capital (RITM) Ahead of Q1 Earnings?

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