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Jun 30, 2024
NRZ Q2 2024 Earnings Report
Rithm Capital reported strong performance, capitalizing on market opportunities and growing asset management capabilities.
Key Takeaways
Rithm Capital reported a GAAP net income of $213.2 million, or $0.43 per diluted common share, and earnings available for distribution of $231.1 million, or $0.47 per diluted common share. The company's MSR portfolio totaled $645 billion in UPB, and origination funded production volume increased by 35% QoQ and 47% YoY.
GAAP net income was $213.2 million, or $0.43 per diluted common share.
Earnings available for distribution reached $231.1 million, or $0.47 per diluted common share.
The common dividend was $122.4 million, or $0.25 per common share.
The MSR portfolio totaled $645 billion in unpaid principal balance.
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NRZ Revenue by Segment
Forward Guidance
The company anticipates continued growth and strong results due to its diversified platform and strategic partnerships.