Rithm Capital Corp.'s ( RITM ) ability to generate significant earnings available for distribution ("EAD") above and beyond its ongoing dividend payouts has positioned the mortgage REIT ("mREIT') as a core holding as it continues to grow its platformThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies ...

To access ratings and relevant documents, click here. Click here to view the report. Related Publications NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 10 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2026-NQM2 (NRMLT 2026-NQM2), a $508.0 million non-prime RMBS transaction sponsored by Rithm Capital Corp. (formerly New Residential Investment Corp.), a publicly traded (NYSE: RITM) real estate investment trust (REIT). The underlying mortgages in the subject pool we ...

Rithm Capital Corp. (NYSE:RITM) is one of the stocks Jim Cramer shed light on recently. When a caller asked about the stock, here’s what Cramer had to say in response: Too risky, too risky. If you don’t really know what that asset manager owns, I don’t want you to buy that stock. We can’t find out what it’s got inside it. And that has historically been a dangerous thing to own when you don’t know what they have. Sorry to say that. They probably may have good stuff, but I just, I rule those companies out. ...

Rithm Capital (NYSE:RITM) Q4 2025 Earnings call February 03, 2026 08:00 AM ET Company ParticipantsBaron Silverstein - President and COOEmma Holke - Managing Director and Deputy General CounselMichael Nierenberg - Chairman, CEO and PresidentPeter Brindley - EVP and Head of Real EstateConference Call ParticipantsBose George - Managing Director and Senior Equity Research AnalystCrispin Love - Director and Senior Research AnalystDouglas Harter - Director and Senior Equity Research AnalystGiuliano Bologna - Mana ...

Rithm Capital (NYSE:RITM) Q4 2025 Earnings call February 03, 2026 08:00 AM ET Company ParticipantsBaron Silverstein - President and COOEmma Holke - Managing Director and Deputy General CounselMichael Nierenberg - Chairman, CEO and PresidentPeter Brindley - EVP and Head of Real EstateConference Call ParticipantsBose George - Managing Director and Senior Equity Research AnalystCrispin Love - Director and Senior Research AnalystDouglas Harter - Director and Senior Equity Research AnalystGiuliano Bologna - Mana ...

Rithm Capital (NYSE:RITM) Q4 2025 Earnings call February 03, 2026 08:00 AM ET Speaker1Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Emma Holke, Deputy General Counsel. Ma'am, please go ahead.Speaker10Thank you, and good morning, everyone. I would like to thank you for joining us today for Rithm Capital's fourth quarter and full year 2025 earnings call. Joining me today are Michael Nierenberg, Chairman, CEO, and President of Rithm Capital, Nick Santoro, Ch ...

Rithm Capital Quarterly Supplement Q4 2025 Q4 2025 Quarterly Supplement Will/EH reviewed Will reviewed Not reviewed Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." FORWARD-LOOKING STATEMENTS. Certain statements regarding Rithm Capital Corp. (together with its subsidiaries, "Rithm," "Rithm Capital," the "Company" ...

Financial Performance - Rithm Capital reported a GAAP net income of $53.1 million, or $0.09 per diluted common share for Q4 2025, compared to $193.7 million, or $0.35 per diluted common share in Q3 2025[4]. - For the full year 2025, Rithm Capital achieved a GAAP net income of $567.2 million, or $1.04 per diluted common share, down from $835.0 million, or $1.67 per diluted common share in FY 2024[4]. - Earnings available for distribution for Q4 2025 were $418.9 million, or $0.74 per diluted common share, compared to $296.9 million, or $0.54 per diluted common share in Q3 2025[4]. - Net income attributable to Rithm Capital Corp. for the three months ended September 30, 2025, was $84,991,000, a decrease of 61.6% from $221,538,000 in the same period of 2024[15]. - The company reported a net income per share of common stock (diluted) of $0.09 for the three months ended September 30, 2025, down from $0.35 in the same period of 2024[15]. - Net income attributable to common stockholders for Q4 2025 was $53,116,000, a decrease from $193,662,000 in Q3 2025[22]. - Earnings available for distribution (Non-GAAP) for Q4 2025 reached $418,905,000, compared to $296,892,000 in Q3 2025, reflecting a 41% increase[22]. Revenue and Income Sources - Total revenues for Q4 2025 amounted to $1,290,749,000, with a significant contribution from servicing fee revenue of $570,070,000[23]. - Newrez generated a pre-tax operating income of $249.1 million in Q4 2025, down from $314.9 million in Q3 2025, with a full year operating income of $1.1 billion, up from $966.4 million in 2024[8]. - The company reported a net interest income of $500,814,000 for the three months ended September 30, 2025, compared to $453,786,000 for the same period in 2024, reflecting an increase of 10.3%[15]. - Interest income for Q4 2025 was $500,814,000, up from $453,786,000 in Q3 2025, indicating a positive trend in interest earnings[23]. Assets and Liabilities - The total servicing unpaid principal balance (UPB) reached $852 billion at year-end 2025, reflecting a 1% year-over-year increase[8]. - Total assets as of December 31, 2025, were $53,071,929,000, up from $46,048,957,000 in 2024, indicating a growth of 15.5%[16]. - The company’s total liabilities increased to $43,808,620,000 as of December 31, 2025, from $38,162,647,000 in 2024, marking an increase of 14.0%[16]. - The company’s mortgage servicing rights and financing receivables at fair value were $10,359,141,000 as of December 31, 2025, slightly up from $10,321,671,000 in 2024[16]. Dividends - The company maintained a common dividend of $0.25 per share in Q4 2025, consistent with Q3 2025, and a total common dividend of $542.6 million for the full year 2025[4]. - The company declared dividends of $0.25 per share for the three months ended September 30, 2025, consistent with the same period in 2024[15]. Growth and Strategic Initiatives - Rithm Capital completed three non-qualified mortgage securitizations in Q4 2025 totaling $1.5 billion in UPB, achieving a record for both Q4 2025 and the full year 2025[8]. - Rithm Capital acquired Crestline Management, L.P., managing $18 billion in AUM, and Paramount Group, Inc., enhancing its asset management capabilities[8]. - Rithm Capital's residential transitional lending platform, Genesis Capital, recorded origination volumes of $1.4 billion in Q4 2025 and $4.8 billion for the full year 2025, marking a 17% and 33% year-over-year increase, respectively[8]. - Sculptor Capital Management grew to approximately $38 billion in assets under management (AUM) as of December 31, 2025, with gross fundraising inflows of $5.8 billion, a 16% year-over-year increase[8]. - Rithm Capital Corp. plans to focus on market expansion and new product development to enhance revenue streams in the upcoming quarters[25]. - Rithm Capital aims to drive value for shareholders and investors through active management of debt and equity investments[26]. Company Overview - Rithm Capital Corp. operates as a global alternative asset manager with a focus on credit and real estate assets[26]. - The firm utilizes an integrated investment platform that includes asset-based finance, residential and commercial real estate lending, and structured credit[26]. - Rithm's subsidiaries, including Newrez and Genesis Capital, support its unique owner-operator model for sourcing and managing investments[26]. - The company emphasizes disciplined growth and innovation across multiple market segments[26].

(1) Full Year 2025 Financial Highlights: (1) | Q4 2025 | | Q3 2025 FY 2025 FY 2024 | | | | | --- | --- | --- | --- | --- | --- | | Summary Operating Results: | | | | | | | (1) | | | | | | | | $ | 0.09 | $ | 0.35 $ 1.04 | $ 1.67 | | GAAP Net Income per Diluted Common Share | | | | | | | GAAP Net Income (in millions) | $ | 53.1 | $ | 193.7 $ 567.2 $ 835.0 | | | Non-GAAP Results: | | | | | | | (1)(2) | | | | | | | | $ | 0.74 | $ | 0.54 $ 2.35 | $ 2.10 | | Earnings Available for Distribution per Diluted Common ...

Core Viewpoint - Rithm Capital Corp. is a real estate investment trust (REIT) that benefits from tax advantages and operates in asset management and servicing, which are crucial to its business model [1] Price Target Trends - Over the past year, Rithm Capital has seen a positive trend in its consensus price target, with the average price target rising from $14.75 a year ago to $16 last month, indicating positive sentiment among analysts [2] - The average price target for the last quarter was $15.17, reflecting an increase from the previous quarter, suggesting growing confidence in the company's performance or market conditions [2] - Raymond James has set a lower price target of $12.50 due to concerns over shaky servicing revenue, which could impact earnings [2] Analyst Sentiment - Analysts have become more optimistic about Rithm Capital's prospects, as indicated by the upward trend in the consensus price target [3] - The upcoming financial results for the fourth quarter and full year of 2025, scheduled for release on February 3, 2026, are critical for assessing the company's future growth and stability [3] - Broader economic indicators and company performance should be considered, especially in comparison to 17 other mREIT peers [3]