Rithm Capital Q4 earnings beat, helped by key transactions (RITM:NYSE)
Rithm Capital (RITM) reported better-than-expected Q4 earnings, with its stock climbing 3.4% in premarket trading. The alternative asset manager's growth was boosted by recent acquisitions of Crestline Management and Paramount Group, contributing to a Q4 EPS of $0.74 available for distribution. Key drivers included increased revenue from asset management and originated residential mortgage loans, coupled with strong interest income and net gains.
Rithm Capital Q4 2025 presentation: EPS soars 28% above estimates, stock rallies
Rithm Capital Corp (NYSE:RITM) announced its Q4 2025 earnings, reporting EPS of $0.74, significantly surpassing analyst estimates of $0.58, despite missing revenue expectations. The company's strong profitability and strategic initiatives, including a potential transition to a C-Corp structure, have led to a positive market reaction, with shares rallying in pre-market trading. Rithm Capital maintains a strong financial position with $1.7 billion in cash and liquidity, managing over $100 billion in investable assets.
AI servicing for over 4M homeowners as Rithm backs ValonOS
Rithm Capital Corp. is deepening its partnership with Valon Technologies, an AI-native operating system for mortgage servicing. Rithm's subsidiary, Newrez, one of the largest mortgage servicers in the nation, will deploy ValonOS to enhance servicing for over 4 million homeowners. This collaboration aims to modernize the $13 trillion mortgage servicing industry by improving efficiency, scalability, and customer experience.
Akin Advises Crestline on Sale to Rithm Capital Corporation
Akin, a leading international law firm, advised Crestline Management, L.P. on its sale to Rithm Capital Corp, a global alternative asset manager. Crestline, founded in 1997, is a global alternative investment management firm based in Fort Worth, Texas. The Akin team was led by investment management partner Jim Deeken and included other partners, counsel, and associates.
Rithm Capital Corp. Announces Pricing of Public Offering of Preferred Stock
Rithm Capital Corp. announced the pricing of an underwritten public offering of 7,600,000 shares of its 8.75% Series E Fixed-Rate Cumulative Redeemable Preferred Stock, raising approximately $190 million. The company plans to list the Preferred Stock on the NYSE under "RITM PR E" and use the net proceeds for investments and general corporate purposes. The offering is expected to close on September 25, 2025, with an overallotment option for underwriters.
Rithm Capital To Buy Paramount Group For $1.6 Bln Cash; PGRE Stock Down Over 11% In Pre-Market
Rithm Capital Corporation announced an agreement to acquire Paramount Group, Inc. for approximately $1.6 billion in cash, or $6.60 per share, with the transaction expected to close in late Q4 2025. This acquisition aims to expand Rithm's commercial real estate and asset management platforms, building on Paramount's portfolio of 13 owned and 4 managed office assets. Following the announcement, Paramount Group's stock (PGRE) experienced a decline of over 11% in pre-market trading.
Rithm Capital Closes $504M Non-QM Loan Securitization – NMP
Rithm Capital, the parent company of Newrez LLC, has successfully closed its third Non-QM loan securitization of the year, totaling $504 million. The securitization, NRMLT 2025-NQM3, is backed by 1,039 residential mortgages with strong credit metrics and received high ratings from S&P and KBRA. This transaction highlights Rithm Capital's robust asset-based credit approach and the strength of its integrated residential mortgage platform.
SUMMONS WALLINGFORD v POCKRANDT
This article is a public summons for a quiet title action filed in Spokane County, Washington. Dixie Wallingford is the plaintiff, and Sharon Pockrandt, Lydell Pockrandt, RITHM CAPITAL CORP., and others are named as defendants. The summons requires defendants to appear within sixty days of April 17, 2025, to defend against the complaint.
Kushner lands Fortress, Rithm Capital construction loans totaling $415 million for Monmouth Mall redevelopment
Kushner has secured $415 million in construction financing for the redevelopment of Monmouth Mall into Monmouth Square, a mixed-use property in Eatontown, NJ. The financing includes a $303 million loan from Fortress Investment Group for 1,000 apartments and a $112.5 million loan from Rithm Capital Corp. for the redeveloped retail component, which will feature a 990,000-square-foot footprint anchored by Whole Foods Market. The project involves demolishing 600,000 square feet of retail space and will include affordable housing units, a clubhouse, public green space, and medical offices.
Rithm Capital Corp. Reports Net Income Of $213.2 Million In Q2 2024
Rithm Capital Corp. announced strong second-quarter 2024 earnings, reporting a net income of $213.2 million and a book value per common share of $12.39. Its mortgage company, Newrez, achieved a pre-tax income of $247.7 million and saw a significant increase in origination-funded production volume. The company's diversified platform and expansion through acquisitions, such as Computershare Mortgage Services Inc., position it well for future growth, especially with anticipated federal rate reductions.
Rithm Capital Rings in Rebrand with NYSE Opening Bell
Rithm Capital celebrated its rebrand, new ticker symbol, and management internalization by ringing the NYSE opening bell on August 10, 2022. The event marked a new chapter for the company, signifying its growth beyond the traditional mortgage REIT sector and its reinforcement as a leading provider of capital and services in the financial and real estate industries. CEO Michael Nierenberg emphasized the company's diverse asset portfolio and commitment to generating attractive shareholder returns.
Rithm Capital posts multi-million-dollar loss in second quarter
Rithm Capital (formerly New Residential Investment) reported a net loss of $3.3 million in Q2 2022, primarily due to a $325 million fee paid to terminate its management agreement with Fortress Investment Group as part of its transition to internal management. Despite the loss, the company expects annual savings of $60 million to $65 million from the restructure and highlighted strong performance in its servicing business and MSR portfolio, along with growth in non-prime mortgage and single-family rental portfolios. CEO Michael Nierenberg emphasized the company's strong liquidity and position for future investments.
New Residential Corp. in major rebranding and restructuring
New Residential Investment Corp. is undergoing a major rebranding and restructuring, internalizing its management function and changing its name to Rithm Capital Corp. The company paid Fortress Investment Group substantial fees to terminate its external management agreement, expecting significant annual cost savings. This strategic move aims to drive shareholder value and strengthen its position as a diversified real estate company beyond residential mortgages.
New Residential rebrands itself to Rithm Capital
New Residential Investment Corp., parent company of nonbank lender Newrez, is rebranding to Rithm Capital to better reflect its diversified offerings in financial services and real estate, moving beyond just residential mortgages. The company is also internalizing its management functions, previously handled by Fortress Investment Group, a move expected to save $60 to $65 million annually. This rebranding and internalization occur amidst a challenging period for the home lending industry.
New Residential Investment Corp. Announces Internalization and Rebrand to Rithm Capital, and Declares Second Quarter 2022 Dividends
New Residential Investment Corp. announced the internalization of its management function and plans to rebrand as Rithm Capital Corp. The company expects this move to result in approximately $60 to $65 million in annual cost savings and aims to drive value for shareholders. Additionally, the Board declared second-quarter 2022 common and preferred stock dividends.
Florida’s Tech Capital
Tampa has been recognized by Forbes as the No. 1 Emerging Tech City in the U.S., becoming a magnet for tech companies due to its favorable environment, low taxes, and strong local support. The city is rapidly transforming its landscape with major real estate developments and innovation districts, attracting a wealth of startups, tech firms, and investment. Key figures like Mayor Jane Castor, Brian Murphy of ReliaQuest, and Jeff Vinik are actively fostering a supportive ecosystem for technological growth and talent attraction.
New Residential Investment Corp. to Acquire Caliber Home Loans, Inc.
New Residential Investment Corp. announced its definitive agreement to acquire Caliber Home Loans, Inc., intending to combine Caliber's and NewRez's platforms into a premier financial services company. This acquisition is expected to enhance customer retention, broaden origination capabilities, and significantly strengthen New Residential's asset generation and earnings profile across various interest rate environments, proving accretive to 2022 Return on Equity. The transaction, valued at $1.675 billion, is anticipated to close in the third quarter of 2021.
