NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 10 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2025-NQM6 (NRMLT 2025-NQM6), a $494.4 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 m...
Several catalysts have emerged for Rithm Capital Corp. both in terms of macroeconomic parameters and also company financials. They include a steepening yield curve, upward EPS revisions for Q4, Crestline and Paramount acquisitions, and implied volatilities, or IV. In particular, the IV underlying RITM's options are relatively low by historical standard.
Rithm Capital is undergoing a major transformation, acquiring Crestline and Paramount to pivot from a mortgage REIT to a global alternative asset manager. RITM delivered strong Q3 results, beating estimates, growing revenue by 78.5% YoY, and maintaining a 9%+ dividend yield while trading at a 14% discount to book value. The acquisitions expand RITM's asset management platform, diversify revenue...
Rithm Capital pivoted its corporate strategy from optimizing capital (reducing costs by redeeming the expensive Series A preferred stock) to aggressive expansion via significant acquisitions. RITM announced two major acquisitions in September 2025: Crestline Management (an alternative asset manager) and Paramount Group (a commercial real estate investment trust). To fund the expansion, Rithm is...
Rithm Capital is paying out a 9.1% dividend yield that was covered by around 216% from third-quarter earnings available for distribution. Book value per share expanded by 12 cents sequentially and should move higher as RITM closes on its recent acquisitions. The mREIT is trading for 85 cents on the dollar, as AUM is set to grow and as Manhattan's office vacancy dipped by 400 basis points to 12....
Rithm Capital Corp. ( RITM ) Q3 2025 Earnings Call October 30, 2025 8:00 AM EDT Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - Chairman, President & CEO Nicola Santoro - CFO, Chief Accounting Officer & Treasurer Baron Silverstein - President Conference Call Participants Crispin Love - Piper Sandler & Co., Research Division Bose George - Keefe, Bruyette, & Woods...
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm Capital,” “Rithm” or the “Company”) today reported the following information for the third quarter ended September 30, 2025. “This quarter marks a pivotal step forward in Rithm Capital's journey, driven by strategic acquisitions, platform expansion, and a disciplined investment approach, as we continue building a diversified, as...
Rithm Capital recently announced plans to buy office Paramount Group, which has a big presence in New York and San Francisco.
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