Rithm Capital Reports Strong Q1 2025 Results

Rithm Capital Corp. ( (RITM) ) has released its Q1 earnings. Here is a breakdown of the information Rithm Capital Corp. presented to its investors.

Rithm Capital Corp. is a global asset manager specializing in real estate, credit, and financial services, with a focus on generating attractive risk-adjusted returns through its various business operations, including Sculptor Capital, Newrez, and Genesis Capital. In the first quarter of 2025, Rithm Capital reported a GAAP net income of $36.5 million, or $0.07 per diluted common share, and earnings available for distribution of $275.3 million, or $0.52 per diluted common share. The company maintained a common dividend of $0.25 per share, with a book value per common share of $12.39. Key highlights include the completion of a $878 million secured financing backed by mortgage servicing rights, marking the largest-ever MSR debt issuance, and the successful $230 million IPO of Rithm Acquisition Corp. Additionally, Newrez, its mortgage origination and servicing platform, achieved a pre-tax income of $270.1 million, while Genesis Capital recorded a pre-tax income of $22.4 million with record origination volume. Looking ahead, Rithm Capital remains confident in its diversified platform and strategic initiatives, positioning itself to capitalize on future opportunities and enhance shareholder value.