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Jun 30, 2022
NRZ Q2 2022 Earnings Report
Rithm Capital Corp. reported results for the second quarter ended June 30, 2022, marked by internalization and rebranding, with earnings available for distribution at $0.31 per share and a book value of $12.28 per share.
Key Takeaways
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.
GAAP net loss of $(3.3) million, or $(0.01) per diluted common share, reflecting a termination fee to former external manager.
Earnings available for distribution of $145.8 million, or $0.31 per diluted common share.
Common dividend of $0.25 per common share, totaling $116.7 million.
Book value per common share of $12.28.
Revenue by Segment
Forward Guidance
The company expects an upward move in treasury yields and Fed’s expected policy actions, expected market volatility and ability to generate great returns for our shareholders in 2022 and beyond.
Positive Outlook
- Ability to continue growing book value in the second quarter
- Upward move in treasury yields
- Fed’s expected policy actions
- Ability to generate great returns for our shareholders in 2022 and beyond
- Strong book value of $12.28 per share
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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