NRZ Q2 2023 Earnings Report
Key Takeaways
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.
GAAP net income of $357.4 million, or $0.74 per diluted common share
Earnings available for distribution of $297.9 million, or $0.62 per diluted common share
Common dividend of $120.8 million, or $0.25 per common share
Book value per common share of $12.16
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Forward Guidance
Rithm Capital is acquiring Sculptor Capital Management, Inc. with ~$34bn under management as of July 1, 2023. Closing of acquisition targeted for Q4 2023, subject to customary closing conditions and approvals.