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Dec 31, 2021
NRZ Q4 2021 Earnings Report
New Residential Investment Corp. reported strong results driven by its origination and servicing businesses and the acquisition of Genesis Capital LLC.
Key Takeaways
New Residential Investment Corp. reported a GAAP net income of $160.4 million, or $0.33 per diluted common share, and core earnings of $191.9 million, or $0.40 per diluted common share for the fourth quarter of 2021. The company's servicing portfolio grew to $483 billion in UPB, and it closed the acquisition of Genesis Capital LLC.
GAAP net income of $160.4 million, or $0.33 per diluted common share.
Core earnings of $191.9 million, or $0.40 per diluted common share.
Servicing portfolio grew to $483 billion in UPB.
Closed acquisition of Genesis Capital LLC.
Revenue by Segment
Forward Guidance
New Residential provided estimates for Q1 2022, including funded origination volume of approximately $25 billion to $30 billion UPB and servicing portfolio UPB of approximately $490 billion to $500 billion UPB.
Positive Outlook
- Estimated Q1’22 Funded Origination Volume of approximately $25 billion to $30 billion UPB
- Estimated Q1’22 Servicing Portfolio UPB of approximately $490 billion to $500 billion UPB
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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