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 Q2 2023

Earnings data Q3 2023

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.

Rithm Capital Corp. (NYSE:RITM ) Q2 2023 Earnings Conference Call August 2, 2023 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - Chairman, CEO & President Nick Santoro - CFO and Chief Accounting Officer Conference Call Participants Eric Hagen - BTIG Bose George - Keefe, Bruyette, & Woods Douglas Harter - Crédit Suisse Giuliano Bologna - Compass Point Research Trevor Cranston - JMP Securities Kevin Barker - Piper Sandler Operator Good day and welcome to the Rithm Capital's Second Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.

Rithm Capital Corp. (RITM) Q2 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. Announces Second Quarter 2023 Results.

Rithm Capital Corp. Announces Second Quarter 2023 Results

Sculptor Capital Management

Rithm Capital is building up its asset management business. The transaction will help diversify the company's mortgage operations.

Here Is Why Rithm Is Buying an Asset Manager

Rithm Capital has announced the acquisition of Sculptor Capital Management, paying an 18% premium on the company's closing stock price. The acquisition is part of Rithm's strategic plan to develop a third-party asset management business, diversifying its investment focus beyond real estate and mortgage markets.

Rithm Capital: This 9.8% Yielding Mortgage Trust Now Has A Catalyst

AGNC Investment

Dynex Capital

Annaly Capital

Orchid Island Capital

Ready Capital Corp

We're checking in on the early earnings results or projections for upcoming earnings from 5 double-digit yielding REITs. So far earnings season is going pretty well for the sector. More positive surprises than negative. We're including our projections for Annaly Capital Management.

5 Double-Digit Dividend Previews Or Reviews

Sculptor Capital Management Inc. SCU, -0.84% stock was up 15.2% in premarket trades on Monday after the alternative asset manager said it agreed to be acquired by Rithm Capital Corp. RITM, -0.21% for $11.15 a share in a deal valued at about $639 million. Rithm agreed to pay an 18% premium over Sculptor's closing price on Friday and a 31% premium over the unaffected share price of $8.50 on November 17.

Sculptor Capital Management stock jumps on acquisition with Rithm Capital

NEW YORK--(BUSINESS WIRE)--Rithm Capital to Acquire Sculptor Capital Management.

Rithm Capital Corp. to Acquire Sculptor Capital Management

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that it will release its second quarter 2023 financial results for the period ended June 30, 2023 on Wednesday, August 2, 2023 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Wednesday, August 2, 2023 at 8:00 A.M. Eastern Time. A copy of the earnings release will be posted to the Press Releases section of the Company's website,.

Rithm Capital Corp. Schedules Second Quarter 2023 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”), an asset manager focused on the real estate and financial services industry, has announced the purchase of $1.4bn of prime unsecured consumer loans from The Goldman Sachs Group, Inc. (NYSE: GS or “Goldman Sachs”), a leading global financial institution. The portfolio was originated and serviced by Goldman Sachs through the Marcus program. The pool represents a portion of the broader Marcus portfolio th.

Rithm Capital Corp. Acquired $1.4bn of Marcus Loans from Goldman Sachs

AGNC Investment Corp - FXDFR PRF PERPETUAL USD 25 - Ser D 1/1000th int

AGNC Investment Corp. Deposit Shs Repr 1/1000th Cum Conv Red Pfd Registered Shs Series C

PennyMac Mortgage Investment

Variable rate securities should be agnostic to interest rates. Yet the floating rate preferreds crashed on a strong jobs report. The mispricing is exacerbated representing even greater opportunity.

Preferred Dislocation Accelerates On Jobs Report

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA affirms the Issuer rating of BB+ for Rithm Capital Corp. (NYSE: RITM; “Rithm” or “the company”). KBRA also affirms the Issuer ratings of BB+ for NewRez LLC (“NewRez”) and Caliber Home Loans, Inc. (“Caliber”), two indirect, wholly-owned subsidiaries of Rithm. The Outlook for all ratings is Stable. Key Credit Considerations Rithm, as well as operating subsidiaries NewRez and Caliber, respective Issuer ratings are supported by the parent company's scale as a ‘Top 5'.

KBRA Affirms Issuer Ratings for Rithm Capital Corp. and Subsidiaries: NewRez LLC and Caliber Home Loans, Inc.

The stress in the banking system will drive more assets to the marketplace, creating tremendous opportunities for companies like Rithm Capital (RITM) to boost their portfolio.

Rithm Capital (RITM) Reveals Q2 Dividends: What We Think

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 2023 common and preferred stock dividends. Common Stock Dividend The Board declared a quarterly dividend of $0.25 per share of common stock for the second quarter 2023. The second quarter common stock dividend is payable on July 28, 2023 to shareholders of record on July 03, 2023. Preferred Stock Dividends In accordanc.

Rithm Capital Corp. Declares Second Quarter 2023 Common and Preferred Dividends

AGNC Investment will benefit from declining interest rate volatility. Rising delinquencies and falling rates could hurt Rithm Capital.

Better Buy: AGNC Investment or Rithm Capital

Rithm is paying out a 10.9% dividend yield to common shareholders that's well covered by earnings available for distribution. The mREIT is currently trading at a roughly 21% discount to its book value. Shareholders can get a higher yield and larger discount by swapping the preferreds for the common shares.

Rithm Capital: I Sold The Preferreds To Buy The 11% Yielding Commons

Rithm Capital Corp. is a $4.2-billion market cap REIT that specializes in residential housing. Despite market volatility caused by the regional banking crisis, the company's investment portfolios performed quite well during the last quarter. I'll give you 3 reasons the stock is undervalued right now.

Rithm Capital: I Like The Strategic Pivot And The 11.25% Yield

Arlington Asset Investment

Ellington Financial

Big yields and even bigger discounts on each share here. A buyout drove one of our positions up about 40% in a day. The REITs we're highlighting here don't unusually trade at such large discounts to book value.

12% Or Higher Dividend Yields With 15% To 32% Discounts

Apartment Investment and Management

Vici Properties

Real Estate Investment Trusts (REITs) own, operate, and finance real estate properties such as healthcare facilities, apartment complexes, hotels, and offices. One of the most important factors to consider when assessing REITs is their dividend ratio.

3 REITs With Major Upside Potential in 2023

Rithm Capital covered its dividend with distributable earnings in 1Q-23 and the pay-out ratio remained well below 80%. The mortgage trust is hedged against a variety of interest rate environments and grows its business.

Rithm Capital: This Huge 12% Mortgage Yield Is Sustainable

Here is how Berkshire Hathaway B (BRK.B) and Rithm (RITM) have performed compared to their sector so far this year.

Is Berkshire Hathaway (BRK.B) Stock Outpacing Its Finance Peers This Year?

Enbridge

SL Green Realty

Truist Financial

Verizon

The Dividend Harvesting Portfolio is now generating $963.21 in annual dividends, yielding 8.53%. The Dividend Harvesting portfolio has a 66.09% record of finishing the week in the black since its inception, 76/115 weeks.

Dividend Harvesting Portfolio Week 115: $11,500 Allocated, $963.21 In Projected Dividends

To date, Rithm Capital's (RITM) dividends paid reach around $4.6 billion.

Rithm Capital (RITM) Reaches 10-Year Mark, $32B in Assets

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. Celebrates 10 Year Anniversary as a Publicly Traded Company.

Rithm Capital Corp. Celebrates 10 Year Anniversary as a Publicly Traded Company

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. Announces Hire of Satish Mansukhani as an Investment Strategist.

Rithm Capital Corp. Announces Hire of Satish Mansukhani as an Investment Strategist

Rithm (RITM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

News for Rithm Capital Corp Stock (RITM)