NRZ Earnings Reports

Rithm Capital Corp. reported a GAAP net income of $263.2 million, or $0.50 per diluted common share, and earnings available for distribution of $315.8 million, or $0.60 per diluted common share for the fourth quarter ended December 31, 2024. The company also completed its first full year with Sculptor and aims to further grow its asset management business in 2025.

Rithm Capital reported a net income of $97.0 million, or $0.20 per diluted common share, and earnings available for distribution of $270.3 million, or $0.54 per diluted common share. The company's core businesses demonstrated operational resilience and earnings durability, contributing to shareholder value through dividends and reinvestments.

Rithm Capital reported a GAAP net income of $213.2 million, or $0.43 per diluted common share, and earnings available for distribution of $231.1 million, or $0.47 per diluted common share. The company's MSR portfolio totaled $645 billion in UPB, and origination funded production volume increased by 35% QoQ and 47% YoY.

Rithm Capital Corp. reported a GAAP net income of $261.6 million, or $0.54 per diluted common share, and earnings available for distribution of $233.2 million, or $0.48 per diluted common share for the first quarter ended March 31, 2024. The company's well-balanced business lines contributed positively, with origination funding production volume increasing by 21% QoQ and 54% YoY.

Rithm Capital Corp. reported a GAAP net loss of ($87.5) million, or ($0.18) per diluted common share, and earnings available for distribution of $247.4 million, or $0.51 per diluted common share for the fourth quarter ended December 31, 2023. The company closed its acquisition of Sculptor Capital and continued to focus on its transformation into a global asset manager.

Rithm Capital Corp. announced its Q3 2023 results, reporting a GAAP net income of $193.9 million, or $0.40 per diluted common share, and earnings available for distribution of $280.8 million, or $0.58 per diluted common share. The company also declared a common dividend of $0.25 per common share. They are focusing on expanding their asset management and third-party servicing business.

Rithm Capital Corp. reported a GAAP net income of $357.4 million, or $0.74 per diluted common share, and earnings available for distribution of $297.9 million, or $0.62 per diluted common share for the second quarter ended June 30, 2023. The company also grew book value and acquired $1.4 billion of consumer loans.

Rithm Capital Corp. reported a GAAP net income of $68.9 million, or $0.14 per diluted common share, and earnings available for distribution of $171.1 million, or $0.35 per diluted common share for the first quarter ended March 31, 2023. The company's MSR portfolio totaled $603 billion in unpaid principal balance. Origination and Servicing combined segment pre-tax income was $164.0 million.

Rithm Capital Corp. reported a transformational year in 2022, marked by its transition from New Residential to Rithm. The company delivered a 15% GAAP (or 11% EAD) return on equity and grew book value by roughly 5%.

Rithm Capital Corp. announced positive results for the third quarter of 2022, with a GAAP net income of $124.5 million, or $0.26 per diluted common share, and earnings available for distribution of $153.0 million, or $0.32 per diluted common share. The company's book value per common share remained essentially unchanged despite market volatility. They also announced an agreement to acquire a 50% interest in Senlac Ridge Partners.

Rithm Capital Corp. announced second quarter 2022 results, with a GAAP net loss of $(3.3) million, or $(0.01) per diluted common share, and earnings available for distribution of $145.8 million, or $0.31 per diluted common share. The company maintained a common dividend of $0.25 per common share and a book value of $12.28 per share. They are reducing expenses in their operating companies, with run-rate annual general & administrative expenses down to $1.9 billion.

New Residential Investment Corp. reported a GAAP net income of $661.9 million, or $1.37 per diluted common share, and core earnings of $177.4 million, or $0.37 per diluted common share for the first quarter ended March 31, 2022. The company's book value per common share grew to $12.56.

New Residential Investment Corp. reported a GAAP net income of $160.4 million, or $0.33 per diluted common share, and core earnings of $191.9 million, or $0.40 per diluted common share for the fourth quarter of 2021. The company's servicing portfolio grew to $483 billion in UPB, and it closed the acquisition of Genesis Capital LLC.

New Residential Investment Corp. reported a GAAP net income of $146.1 million, or $0.30 per diluted common share, and core earnings of $209.9 million, or $0.44 per diluted common share for the third quarter ended September 30, 2021. The company's performance was bolstered by the acquisition of Caliber Home Loans, a strong investment portfolio, reduced MSR amortization, and increased recapture rates.

New Residential Investment Corp. reported a GAAP Net Income of $121.3 million, or $0.26 per diluted common share, and Core Earnings of $146.6 million, or $0.31 per diluted common share for the second quarter ended June 30, 2021. The company's servicing portfolio grew to $305.9 billion in UPB, and the MSR portfolio totaled approximately $489 billion UPB.

New Residential Investment Corp. reported a GAAP net income of $277.6 million, or $0.65 per diluted common share, and core earnings of $144.8 million, or $0.34 per diluted common share for the first quarter ended March 31, 2021. The company's performance was driven by improvements in its MSR portfolio and expansion of its operating platform.

New Residential Investment Corp. reported a GAAP Net Income of $68.6 million, or $0.16 per diluted common share, and Core Earnings of $137.0 million, or $0.32 per diluted common share for the fourth quarter of 2020. The company's servicing portfolio grew to $297.8 billion in UPB. The company's MSR portfolio totaled approximately $537 billion UPB as of December 31, 2020.

New Residential Investment Corp. reported a GAAP net income of $77.9 million, or $0.19 per diluted common share, and core earnings of $131.6 million, or $0.31 per diluted common share. The company's Origination and Servicing segments delivered over $340 million in pre-tax earnings.

New Residential Investment Corp. reported a GAAP net loss of $8.9 million, or $0.02 per diluted common share, but achieved core earnings of $140.2 million, or $0.34 per diluted common share. The company grew its servicing portfolio and maintained over $1 billion in cash, while making strides in its origination and servicing businesses.

New Residential Investment Corp. reported a GAAP net loss of $1,602.3 million, or $3.86 per diluted common share, but core earnings of $198.4 million, or $0.48 per diluted common share. The company sold down approximately $27.9 billion in assets and significantly de-leveraged its balance sheet in response to market volatility. As of April 30, 2020, the investment portfolio was 61% smaller than on December 31, 2019, with an estimated $517.3 million in cash and $397.4 million in unencumbered assets.

New Residential Investment Corp. reported a GAAP Net Income of $211.8 million, or $0.51 per diluted common share, and Core Earnings of $255.4 million, or $0.61 per diluted common share for the fourth quarter of 2019. The company's full mortgage platform delivered strong results, with a focus on strategically growing the platform and delivering stable returns to shareholders.