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Dec 31, 2019

NRZ Q4 2019 Earnings Report

New Residential reported strong results for Q4 2019, driven by its diversified mortgage platform.

Key Takeaways

New Residential Investment Corp. reported a GAAP Net Income of $211.8 million, or $0.51 per diluted common share, and Core Earnings of $255.4 million, or $0.61 per diluted common share for the fourth quarter of 2019. The company's full mortgage platform delivered strong results, with a focus on strategically growing the platform and delivering stable returns to shareholders.

GAAP Net Income was $211.8 million, or $0.51 per diluted common share.

Core Earnings reached $255.4 million, or $0.61 per diluted common share.

A common dividend of $207.8 million, or $0.50 per common share, was declared.

The book value per common share was $16.21.

Total Revenue
$216M
Previous year: $266M
-18.8%
EPS
$0.61
Previous year: $0.58
+5.2%
Origination UPB
$10.6B
0
Servicing Portfolio UPB
$219B
0
Gross Profit
$312M
Previous year: $146M
+114.3%
Cash and Equivalents
$529M
Previous year: $251M
+110.6%
Total Assets
$44.9B
Previous year: $31.7B
+41.6%

NRZ

NRZ

NRZ Revenue by Segment

Forward Guidance

Company is excited about positioning and continue to be focused on executing on key business initiatives.

Revenue & Expenses

Visualization of income flow from segment revenue to net income