Loading...
•
Mar 31, 2024
NRZ Q1 2024 Earnings Report
Rithm Capital had a strong quarter with positive contributions from all business lines.
Key Takeaways
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.
GAAP net income was $261.6 million, or $0.54 per diluted common share.
Earnings available for distribution were $233.2 million, or $0.48 per diluted common share.
Origination funded production volume increased by 21% QoQ and 54% YoY to $10.8 billion.
Mortgage servicing rights portfolio totaled $587 billion in unpaid principal balance, with an average constant prepayment rate of approximately 5%.
Revenue by Segment
Forward Guidance
Rithm is well positioned for success in the current market environment and is excited to continue delivering strong results for its shareholders and LPs on an ongoing basis.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...