Rithm Capital reports Q3 adjusted EPS 54c, consensus 52c

Reports Q3 revenue $1.1B, consensus $1.07B. “This quarter marks a pivotal step forward in Rithm Capital’s (RITM) journey, driven by strategic acquisitions, platform expansion, and a disciplined investment approach, as we continue building a diversified, asset management platform,” said Michael Nierenberg, Chief Executive Officer of Rithm Capital. “The pending acquisition of Crestline meaningfully expands our offering into direct lending and insurance and together with Sculptor, delivers comprehensive product solutions for investors. Further, the pending acquisition of Paramount significantly enhances our commercial real estate expertise and expands our owner-operator model. These milestones deepen our capabilities across key investment verticals and unlock differentiated value for our investors and shareholders.