Stabilization and Dividend Maintenance
The company has stabilized from losing $10 million a quarter to breaking even and continues to pay a $0.06 dividend.
Strategic Asset Management
Liquidated residential assets and added commercial real estate floaters, providing liquidity and higher yields.
New Loan Originations
Originated a $21 million loan on a grocery-anchored retail center with yields likely in the mid-teens.
Paramount Transaction Excitement
Rithm is excited about the Paramount deal, a large office REIT transaction in NYC and San Francisco, expected to deliver significant returns.
Direct Lending Business Development
Plans to grow the direct lending platform in conjunction with Genesis, targeting a production increase from $1.7 billion to over $5 billion.
No Legacy Issues
The company has no legacy issues, positioning it well compared to other REITs with underwater loans.