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

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm” or the “Company”) announced today that it plans to offer $775 million aggregate principal amount of senior unsecured notes due 2029 (the “notes”). The Company intends to use a portion of the net proceeds from this offering for the reduction of indebtedness, including in connection with the Company's tender offer for up to $275 million aggregate principal amount of its 6.250% senior unsecured notes due 2025, with the remainder o.

Rithm Capital Corp. Announces Proposed Offering of Senior Unsecured Notes

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm”) announced today that it has commenced a cash tender offer (the “Tender Offer”) for up to $275 million of Rithm's $550 million in aggregate principal amount of outstanding 6.250% Senior Unsecured Notes due 2025 (the “2025 Notes”), on the terms and subject to the conditions set forth in Rithm's Offer to Purchase dated March 4, 2024. The Tender Offer will expire at 5:00 p.m., New York City time, on April 1, 2024 (the “Expiration.

Rithm Capital Corp. Announces Commencement of Tender Offer for 6.250% Senior Unsecured Notes Due 2025

Banco Macro

Cardinal Health

Royal Caribbean Cruises

BMA, CAH, RCL, SPXC and RITM have been added to the Zacks Rank #1 (Strong Buy) List on March 1, 2023.

New Strong Buy Stocks for March 1st

BMA, CAH and RITM made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 1, 2023.

Best Income Stocks to Buy for March 1st

CNO Financial Group

RCL, RITM and CNO made it to the Zacks Rank #1 (Strong Buy) value stocks list on March 1, 2023.

Best Value Stocks to Buy for March 1st

Integral Ad Science Holding LLC

Light & Wonder Inc

Pilgrim's Pride

LendingTree

RITM, PPC, TREE, LNW and IAS have been added to the Zacks Rank #1 (Strong Buy) List on February 28, 2023.

New Strong Buy Stocks for February 28th

PPC, RITM and TREE made it to the Zacks Rank #1 (Strong Buy) value stocks list on February 28, 2023.

Best Value Stocks to Buy for February 28th

RITM made it to the Zacks Rank #1 (Strong Buy) income stocks list on February 28, 2023.

Best Income Stocks to Buy for February 28th

A subsidiary of Rithm (RITM) is expected to extend a $70 million one-year term loan to Great Ajax.

Rithm (RITM) Affiliate to Aid Great Ajax's Management Transition

Great Ajax

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, announced today that they have entered into a strategic transaction. As part of the strategic transaction, Great Ajax has entered into a one-year term loan agreement with a subsidiary of Rithm for up to $70 million. Great Ajax plans to use borrowings under the term loan,.

Rithm Capital Corp. and Great Ajax Corp. Announce a Strategic Transaction

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 6 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2024-NQM1 (NRMLT 2024-NQM1), a $281.9 million non-prime RMBS transaction sponsored by Rithm Capital Corp. (formerly New Residential Investment Corp.), a publicly traded (NYSE: RITM) real estate investment trust (REIT). The underlying mortgages in the subject pool were originated by NewRez LLC (57.6%), American Heritage Lending (20.3%), and LendSure Mortgage.

KBRA Assigns Preliminary Ratings to New Residential Mortgage Loan Trust 2024-NQM1 (NRMLT 2024-NQM1)

Rithm Capital reported strong earnings available for distribution for Q4'23 last week. The mortgage REIT supplies a well-supported 10% dividend yield. The distribution coverage metrics are in excess of 200%. The concentration on mortgage servicing rights poses risks in a low-rate world.

Rithm Capital: This 10% Yield Is On Sale

Rithm Capital stock currently trades below book value, with a 9.8% dividend yield. Rithm just instituted a $300 million share repurchase plan, which should quickly build value for shareholders.

3 Reasons Rithm Capital Stock Can Win Big in 2024

Medical Properties Trust

NextEra Energy

Rithm Capital might need to reset its dividend if it's no longer a REIT. Medical Properties Trust could cut its payout again if its tenant issues and balance sheet woes don't improve.

Not Afraid to Take On Some Risk? These Ultrahigh-Yield Dividend Stocks Could Turn $10,000 Into Nearly $1,275 of Annual Income

AGNC Investment

Alexandria Real Estate Equities

Blackstone Mortgage Trust

Chimera Investment

Capital Southwest

Dynex Capital

Ellington Financial

Franklin BSP Realty Trust Inc

Main Street Capital

Annaly Capital

Realty Income Corp

PennyMac Mortgage Investment

Ready Capital Corp

SBA Communications

AT&T

Vanguard Real Estate ETF

Verizon

Rates were down by less than a bunny's tail. REITs were hopping anyway. Higher rates are bad and all that jazz.

REITs Rip Higher As Rates Do Nothing

Rithm Capital's fourth quarter earnings triggered a minor stock correction, making it an attractive high-yield stock. The mortgage real estate investment trust has a low dividend pay-out ratio and produced excess dividend coverage in 2023. The acquisition of Sculptor Capital diversifies Rithm Capital's business and improves its financial position.

Rithm Capital's 10% Yield: The Gift That Keeps On Giving

Ares Commercial Real Estate

Ares Capital

FS KKR Capital Corp

Granite Point Mortgage Trust

MFA Financial

Blue Owl Capital Corp

Two Harbors Investment

The Federal Reserve reimagined their goals to better match their chosen interest rate policy. Higher interest rates do not lead to a decrease in government spending. It would be cool if higher rates reduced deficits, but they don't. The free market is pretty good at responding to higher prices. It also responds to lower prices.

How The Federal Reserve Is Redefining Success

Rithm Capital took a big step in its evolution to become an asset manager last year. The REIT also recently reauthorized its share repurchase program.

This Ultra-High-Yield Dividend Stock Is Taking Steps to Boost Its Value

Rithm Capital Corp. investors experienced steep downside volatility last week as the leading mREIT reported its fourth quarter earnings. Rithm has ambitions to be a leading alternative asset manager to command a much higher valuation multiple. However, Rithm's mREIT-focused business model and performance suggest it remains a long-term pivot. The market will likely remain cautious in the near term.

Rithm: Leading MREIT Yielding More Than 11% Remains A Buy

Rithm Capital stock has paid a sizable dividend for over a decade. The company, however, is highly exposed to the U.S. mortgage market.

Is This 9%-plus Dividend Yield Safe?

Rithm Capital's (RITM) quarterly results are aided by asset management revenues and the acquisition of customer loans. Higher expenses partially offset the results.

Rithm Capital (RITM) Shares Down 4.3% Despite Q4 Earnings Beat

New York Mortgage Trust

Orchid Island Capital

Despite huge dividend yields, this sector is getting hammered. Shares could achieve this upside even without trading at Net Asset Value. Another peer already saw a similar recovery.

13% Dividend Yield And 39% Upside

Rithm Capital Corp. (RITM) Q4 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm Capital” or the “Company”) today reported the following information for the fourth quarter ended and full year ended December 31, 2023: Fourth Quarter 2023 Financial Highlights: GAAP net loss of ($87.5) million, or ($0.18) per diluted common share(1) Earnings available for distribution of $247.4 million, or $0.51 per diluted common share(1)(2) Common dividend of $120.8 million, or $0.25 per common share Book value per common sha.

Rithm Capital Corp. Announces Fourth Quarter and Full Year 2023 Results

Sixth Street Specialty Lending

Mortgage REITs are not buy-and-hold investments and investors who focus solely on dividends are getting burned. Preferred shares offer better performance and stability compared to common shares in mortgage REITs. Equity REITs are also being negatively impacted, with investors seeking higher yields elsewhere.

News for Rithm Capital Corp Stock (RITM)