RITM
Rithm Capital Corp.11.04
-0.15-1.34%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
6.12BP/E (TTM)
7.56Basic EPS (TTM)
1.46Dividend Yield
0.09%Recent Filings
8-K
8-K
Rithm Q3 earnings steady amid acquisitions
Rithm Capital reported Q3 2025 GAAP net income of $193.7 million, down from $283.9 million in Q2, yet earnings available for distribution held steady at $296.9 million, supporting a $0.25 per share dividend. Newrez's servicing UPB hit $878 billion, up 7% year-over-year, while Genesis Capital originated $1.2 billion in loans, surging 60% YoY. Pending deals to buy Crestline for its $18 billion AUM in direct lending and Paramount for $1.6 billion in cash bolster commercial real estate and insurance plays, targeting Q4 closes. Acquisitions expand Rithm's platform but hinge on approvals.
8-K
Rithm designates Series E preferred
Rithm Capital filed a Certificate of Designations on September 25, 2025, authorizing 8,740,000 shares of 8.750% Series E Preferred Stock with a $25.00 liquidation preference, ranking senior to common stock for dividends and liquidation. It offers quarterly dividends at 8.750% per annum starting September 25, 2025, non-redeemable before November 15, 2030 except for REIT preservation or Change of Control. Holders gain conversion rights to common stock upon a Change of Control. This bolsters capital structure yet ties up funds in high-yield obligations.
8-K
Rithm acquires Paramount for $1.6B
Rithm Capital agreed to acquire Paramount Group for $1.6 billion in cash at $6.60 per share, announced September 17, 2025, to expand its commercial real estate footprint with Paramount's 13.1 million square foot Class A office portfolio in New York and San Francisco, 85.4% leased as of June 30. The deal, funded from Rithm's balance sheet and potential co-investors, awaits Paramount stockholder approval and targets late Q4 2025 close, while Paramount faces a $59.7 million termination fee risk if it backs out for a superior offer. This bolsters Rithm's asset management amid office market recovery.
8-K
Rithm acquires $17B Crestline
Rithm Capital entered a definitive agreement on September 4, 2025, to acquire Crestline Management, an alternative investment manager with $17 billion in assets under management, bolstering its platform in private credit, direct lending, and insurance. The deal expands Rithm's investable assets to $98 billion, blending $45 billion on balance sheet with $53 billion managed, while preserving Crestline's team and strategies across its global offices. Closing is slated for Q4 2025, pending approvals. Integration risks loom large.
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