Earnings summaries and quarterly performance for Rithm Capital.
Executive leadership at Rithm Capital.
Board of directors at Rithm Capital.
Research analysts who have asked questions during Rithm Capital earnings calls.
Eric Hagen
BTIG
7 questions for RITM
Also covers: AGNC, AOMR, ARR +21 more
Kenneth Lee
RBC Capital Markets
7 questions for RITM
Also covers: AAMI, AMP, APAM +17 more
Bose George
Keefe, Bruyette & Woods
6 questions for RITM
Also covers: ACT, AGM, AGNC +25 more
Crispin Love
Piper Sandler
4 questions for RITM
Also covers: ABL, ABR, AGNC +24 more
Douglas Harter
UBS
4 questions for RITM
Also covers: ACRE, ACT, AGNC +42 more
Giuliano Anderes-Bologna
Compass Point
3 questions for RITM
Also covers: AFRM, AGO, COOP +7 more
Jason Weaver
Unaffiliated Analyst
2 questions for RITM
Also covers: AGNC, ARR, BRSP +15 more
Jay McCanless
Wedbush Securities
2 questions for RITM
Also covers: BLDR, BZH, CCS +20 more
Matthew Order
Jones Trading
2 questions for RITM
Randy Binner
B. Riley Securities
2 questions for RITM
Also covers: ARR, BRSP, BUR +13 more
Stephen Laws
Raymond James
2 questions for RITM
Also covers: ABR, ACR, AJX +16 more
Trevor Cranston
Citizens JMP
2 questions for RITM
Also covers: AGNC, ARR, CIM +10 more
Doug Harter
UBS Group AG
1 question for RITM
Also covers: ARCC, ARR, BETR +12 more
Randolph Binner
B. Riley Financial, Inc.
1 question for RITM
Also covers: ABL, AOMR, ARR +12 more
Recent press releases and 8-K filings for RITM.
Rithm Capital completes Crestline acquisition
RITM
M&A
New Projects/Investments
- Rithm Capital Corp. completed its acquisition of Crestline Management, L.P. on December 1, 2025.
- This acquisition is a pivotal step in Rithm's strategy to build an integrated, diversified asset management platform.
- Following the acquisition, Rithm, together with Crestline and Sculptor, manages approximately $102 billion in investable assets, which includes $47 billion of assets on balance sheet and $55 billion in assets under management.
- J.P. Morgan Securities LLC served as the exclusive financial advisor to Rithm, with Skadden, Arps, Slate, Meagher & Flom LLP as legal counsel.
4 days ago
Rithm Capital Reports Strong Q3 2025 Earnings and Announces Key Acquisitions
RITM
Earnings
M&A
- Rithm Capital reported strong Q3 2025 earnings, generating approximately $300 million for shareholders, achieving an 18% ROE, and ending the quarter with $2.2 billion in cash and liquidity.
- During the quarter, the company announced two significant acquisitions: Crestline, a credit manager with $18 billion - $20 billion in assets under management, and Paramount, a large real estate office REIT with 13 properties in New York and San Francisco. These acquisitions will be funded with a combination of balance sheet and third-party LPs, without raising equity in the capital markets.
- Earnings available for distribution (EAD) for Q3 2025 were $0.54 per diluted share, totaling $297 million, marking the 24th consecutive quarter where EAD exceeded dividends paid.
- Key business lines demonstrated strong performance, with Genesis Capital originating $1.2 billion of loans, representing a 60% increase year-over-year , and Newrez reporting $295 million in pre-tax income (excluding mark-to-market), up 20% year-over-year, delivering a 20% ROE.
- Management reiterated its focus on growing the asset management business, expanding product offerings for LPs, and unlocking value, with ongoing consideration for the proper revaluation of the company, including the potential for a mortgage company spin-off.
Oct 30, 2025, 12:00 PM
Rithm Capital Reports Strong Q3 2025 Earnings and Announces Strategic Acquisitions
RITM
Earnings
M&A
New Projects/Investments
- Rithm Capital reported strong Q3 2025 financial results, with approximately $300 million in earnings, an 18% ROE, and $2.2 billion in cash and liquidity at quarter-end.
- The company announced two significant acquisitions during the quarter: Crestline, an $18-20 billion credit manager, and Paramount, a Class A office REIT, both to be funded without raising equity in capital markets.
- Key business lines performed well, with Genesis Capital originating $1.2 billion in loans (a 60% year-over-year increase in funded volume) and Newrez achieving approximately $295 million in Q3 2025 pre-tax income (up 20% year-over-year) and a 20% ROE.
- Management emphasized a strategic focus on growing its asset management business and increasing fee-related earnings (FRE) to unlock value, with the first Evergreen ABF fund expected to close in Q4.
Oct 30, 2025, 12:00 PM
Rithm Capital Reports Strong Q3 2025 Results and Advances Strategic Acquisitions
RITM
Earnings
M&A
New Projects/Investments
- Rithm Capital reported Earnings Available for Distribution (EAD) of $0.54 per diluted share and GAAP Net Income of $0.35 per diluted share for Q3 2025. The company also maintained a common stock dividend of $0.25 per share, reflecting an 8.8% dividend yield.
- The company entered into definitive agreements to acquire Crestline and Paramount in September 2025, with both transactions expected to close in Q4 2025. These acquisitions are anticipated to expand Rithm's asset management capabilities and commercial real estate footprint.
- Rithm's pro forma investable assets are approximately $109 billion. Sculptor, part of Rithm's asset management platform, saw $1.4 billion of gross inflows in Q3 2025, bringing its AUM to $37 billion.
- Rithm believes its current valuation of 0.85x Price/Book Value understates its intrinsic value, with an illustrative sum-of-the-parts valuation suggesting a potential uplift of 50% to 110%, valuing the company between $16.04 and $22.94 per share.
Oct 30, 2025, 12:00 PM
Rithm Capital Reports Strong Q3 2025 Earnings and Announces Key Acquisitions
RITM
Earnings
M&A
Dividends
- Rithm Capital reported strong financial results for Q3 2025, generating approximately $300 million in earnings, or $0.54 per diluted share (EAD), and an 18% return on equity.
- The company maintained a robust liquidity position, ending the quarter with $2.2 billion in cash and liquidity.
- During Q3 2025, Rithm Capital announced definitive agreements to acquire Crestline, an $18-20 billion AUM credit manager, and Paramount, a real estate office REIT with a $7 billion portfolio, which will be funded without raising equity in the capital markets.
- Genesis Capital achieved a record third quarter, originating $1.2 billion of loans, representing a 60% year-over-year increase.
- Management indicated no desire to increase the dividend and stated that share buybacks are not expected at this time due to the focus on funding recent acquisitions.
Oct 30, 2025, 12:00 PM
Rithm Capital Corp. Announces Third Quarter 2025 Results and Strategic Acquisitions
RITM
Earnings
M&A
Dividends
- Rithm Capital Corp. reported GAAP net income of $193.7 million, or $0.35 per diluted common share, and Earnings Available for Distribution of $296.9 million, or $0.54 per diluted common share, for the third quarter ended September 30, 2025.
- The company declared a common dividend of $0.25 per common share and reported a book value per common share of $12.83 as of September 30, 2025.
- Rithm Capital is expanding its asset management platform through pending acquisitions of Crestline Management, L.P., an alternative asset manager with $18 billion in AUM, and Paramount Group, Inc. for approximately $1.6 billion in cash consideration, both targeted for closing in Q4 2025.
- Its alternative asset manager, Sculptor Capital Management Inc., grew to approximately $37 billion of assets under management (AUM) as of September 30, 2025.
Oct 30, 2025, 10:55 AM
Rithm Capital Corp. Establishes $750 Million At-The-Market Equity Offering Program
RITM
- Rithm Capital Corp. established an "at-the-market" (ATM) equity offering program on September 22, 2025, allowing for the issuance and sale of common stock with an aggregate offering price of up to $750,000,000.
- The program involves a syndicate of sales agents, including BofA Securities, Inc., Barclays Capital Inc., BTIG, LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Nomura Securities International, Inc., Raymond James & Associates, Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC.
- The common stock issued under this program will be validly issued, fully paid, and nonassessable, provided the consideration is not less than $0.01 per share.
- The company intends to continue to meet the requirements for qualification and taxation as a real estate investment trust (REIT).
Sep 22, 2025, 9:25 PM
Rithm Capital Corp. announces offering of Series E Fixed-Rate Cumulative Redeemable Preferred Stock
RITM
Convertible Preferred Issuance
Dividends
New Projects/Investments
- Rithm Capital Corp. entered into an underwriting agreement on September 18, 2025, to sell 7,600,000 shares of its 8.750% Series E Fixed-Rate Cumulative Redeemable Preferred Stock.
- The public offering price for the Series E Preferred Stock is $25.00 per share, resulting in total proceeds of $190,000,000 before the underwriters' over-allotment option.
- The company expects to receive approximately $184,015,000 in net proceeds (before expenses), which it intends to use for investments and general corporate purposes.
- Dividends on the Series E Preferred Stock will be paid quarterly at an annual rate of 8.750%, with the first dividend of $0.85069 per share expected on February 15, 2026.
- The offering is expected to close on September 25, 2025, and the shares will be listed on the New York Stock Exchange under the ticker symbol RITM PR E.
Sep 19, 2025, 8:30 PM
Rithm Capital Announces Acquisition of Paramount Group Inc.
RITM
M&A
New Projects/Investments
- Rithm Capital announced the acquisition of Paramount Group Inc. for $1.6 billion, or $6.60 per share, with a target closing in late Q4.
- The acquisition includes 13 owned and four managed high-quality Class A office assets in New York City and San Francisco, totaling over 13 million square feet, with 85% leased as of the end of June.
- The transaction is structured as a balance sheet-light deal, with Rithm's equity check estimated between $300 million and $500 million, leveraging $490 million of Paramount's cash and liquidity, and involving third-party capital.
- Rithm views this as an opportunity to acquire assets at a discount to book value and 40% below pre-COVID levels, believing office values troughed in 2024 and are now increasing, with no impact expected on Rithm's dividend.
Sep 17, 2025, 12:30 PM
Rithm Capital to Acquire Paramount Group, Inc.
RITM
M&A
New Projects/Investments
Takeover Bid
- Rithm Capital announced its intent to acquire Paramount Group, Inc. (NYSE: PGRE), a premier office REIT.
- The acquisition is for cash consideration of ~$1.6 billion, valued at $6.60 per fully diluted share of Paramount common stock.
- Paramount's portfolio includes 13 owned and 4 managed Class A office properties in New York City and San Francisco, totaling more than 13.1 million square feet, with 85.4% leased as of June 30, 2025.
- The transaction is targeted to close in late Q4'25, subject to customary closing conditions and Paramount shareholder approval.
- Funding is expected to be sourced from excess cash from Paramount's balance sheet, cash and liquidity from Rithm's balance sheet, and potential opportunities from co-investors.
Sep 17, 2025, 12:30 PM
Quarterly earnings call transcripts for Rithm Capital.
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