NRZ Q2 2022 Earnings Report
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.
NRZ
NRZ
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