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NRZ
🇺🇸 NYSE:RITM
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Jun 30, 2021

NRZ Q2 2021 Earnings Report

New Residential Investment Corp. reported second quarter results, showing stable book value and good earnings.

Key Takeaways

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.

GAAP Net Income of $121.3 million, or $0.26 per diluted common share.

Pre-Tax Income from Origination and Servicing was $107.7 million.

Core Earnings of $146.6 million, or $0.31 per diluted common share.

Servicing portfolio grew to $305.9 billion in UPB.

Total Revenue
$147M
Previous year: $116M
+27.1%
EPS
$0.31
Previous year: $0.34
-8.8%
Origination UPB
$23.5B
Servicing Portfolio UPB
$306B
Previous year: $278B
+10.2%
Gross Profit
$394M
Previous year: $294M
+34.1%
Cash and Equivalents
$956M
Previous year: $1.01B
-5.6%
Total Assets
$37.3B
Previous year: $23.8B
+56.8%

NRZ

NRZ

NRZ Revenue by Segment

Forward Guidance

Estimated Newrez and Caliber Q3’21 Funded Origination Volume of approximately $40 billion to $45 billion UPB. Estimated Newrez and Caliber Q3’21 Servicing Portfolio UPB of approximately $465 billion to $475 billion UPB.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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