NRZ Q4 2024 Earnings Report
Key Takeaways
Rithm Capital Corp. reported a GAAP net income of $263.2 million, or $0.50 per diluted common share, and earnings available for distribution of $315.8 million, or $0.60 per diluted common share for the fourth quarter ended December 31, 2024. The company also completed its first full year with Sculptor and aims to further grow its asset management business in 2025.
GAAP net income was $263.2 million, or $0.50 per diluted common share.
Earnings available for distribution reached $315.8 million, or $0.60 per diluted common share.
Total servicing unpaid principal balance (UPB) was $844 billion, a 32% increase year-over-year.
Origination funded production volume totaled $17.3 billion, up 9% quarter-over-quarter and 94% year-over-year.
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Forward Guidance
Rithm Capital did not provide specific forward guidance in the earnings report.