Rithm Capital Earnings Call Transcripts
Fiscal Year 2026
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Strong Q1 results with robust earnings, record loan production at Genesis, and continued growth in asset management and mortgage segments. Elecor rebranding and operational efficiencies, plus technology-driven cost reductions at Newrez, position the firm for further growth.
Fiscal Year 2025
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Record 2025 results driven by strong asset management and mortgage performance, with EAD up 12% and major acquisitions expanding the platform. Paramount and Crestline deals boosted real estate and credit capabilities, while technology investments and disciplined growth position the firm for continued success.
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Earnings reached $300M with 18% ROE, driven by strong performance across all segments. Major acquisitions of Crestline and Paramount will expand offerings and asset management capabilities, funded without new equity. Cash and liquidity remain robust post-acquisition.
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The acquisition secures Class A office assets in prime U.S. markets at a deep discount, aiming to leverage market recovery and expand asset management capabilities. The deal is structured to minimize balance sheet risk, with strong co-investor interest and projected long-term value creation.
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Strong quarterly results with $283.9M net income, record origination at Genesis, and robust growth at NewRez and Sculptor. Asset management and servicing segments expanded, with technology and AI driving efficiency. Focus remains on scaling credit, insurance, and M&A.
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Strong quarter with 8% EAD growth, $0.52 per share, and 17% ROE, driven by robust performance across all segments. Asset management and mortgage businesses saw significant inflows and profitability, with plans for capital actions to unlock value by 2025.
Fiscal Year 2024
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Delivered strong Q4 and full year 2024 results, with 27% earnings growth and robust performance in asset management, mortgage origination, and servicing. Strategic initiatives include expanding third-party capital, launching an energy infrastructure platform, and exploring capital structure changes.
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Q3 saw strong results across lending and asset management, with record performance in Genesis and continued growth in Newrez and Sculptor. Book value rose to $12.5 per share, ROE reached 18%, and liquidity remains robust. Focus remains on disciplined capital deployment and expanding direct lending.
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Q2 saw strong earnings, robust segment performance, and key acquisitions, with a focus on direct lending, asset management, and capital efficiency. The company is well-positioned for expected Fed rate cuts and sees ongoing opportunity in private credit and commercial real estate.