Rithm Capital - RITM STOCK NEWS

Rithm Capital (NYSE: RITM) reported Q1 2025 financial results with GAAP net income of $36.5 million ($0.07 per diluted share), down from $263.2 million in Q4 2024. Earnings available for distribution reached $275.3 million ($0.52 per diluted share), while maintaining a quarterly dividend of $0.25 per share.

Key achievements include completing an $878 million MSR-backed secured financing, the largest of its kind, and two non-qualified mortgage securitizations totaling $634 million. The company's servicing platform Newrez posted pre-tax income of $270.1 million with total servicing UPB reaching $845 billion. Genesis Capital recorded $22.4 million in pre-tax income with record Q1 origination volume of $895 million. Sculptor Capital grew to approximately $35 billion in AUM, with $1.4 billion in fundraising inflows.

Rithm Property Trust (NYSE: RPT) has announced its Board of Directors' declaration of first quarter 2025 dividend for its Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. The dividend is set at $0.4937500 per share, calculated at a pro-rata accrual rate of 9.875% from the Series C issuance date of March 4th until the payment date. The dividend will be paid on May 15, 2025, to preferred shareholders of record as of May 1, 2025.

Rithm Property Trust (NYSE: RPT) has announced its schedule for first quarter 2025 earnings release and conference call. The company will release its Q1 2025 financial results for the period ended March 31, 2025, on Monday, April 28, 2025, before the NYSE opening.

Management will host a conference call the same day at 8:00 A.M. Eastern Time. A webcast will be available on the company's website, with pre-registration encouraged. A replay of the conference call will be accessible until May 12, 2025.

Rithm Capital (NYSE: RITM) has scheduled its first quarter 2025 financial results announcement for Friday, April 25, 2025, before the New York Stock Exchange opens. The company will host a conference call at 8:00 A.M. Eastern Time on the same day.

Investors can access the conference call by dialing 1-833-974-2382 (U.S.) or 1-412-317-5787 (international). Pre-registration is available at the provided link. A simultaneous webcast will be accessible on www.rithmcap.com. A telephonic replay will be available until May 2, 2025, by dialing 1-877-344-7529 (U.S.) or 1-412-317-0088 (international) with access code '2019301'.

Genesis Capital, a Rithm Capital (NYSE: RITM) company specializing in business purpose lending, has appointed Nate Trunfio as Chief Strategy Officer. Trunfio, who brings extensive experience in private lending and mortgage finance, will focus on strategic initiatives to enhance the company's financing solutions for residential real estate developers.

Prior to joining Genesis, Trunfio held senior leadership positions at Lima One Capital and DLP Direct Lending Partners, where he led teams that originated over $8 billion in business purpose loans. His appointment comes during a strong growth period for Genesis, which originated $3.6 billion in loans in 2024 and received industry recognition including IMN's BTR/Construction Lender of the Year award. The company currently maintains a pipeline exceeding $2 billion.

Rithm Capital Corp (NYSE: RITM) is sponsoring a $325.7 million non-prime RMBS transaction through New Residential Mortgage Loan Trust 2025-NQM2 (NRMLT 2025-NQM2). The trust consists of 631 residential mortgages originated primarily by Champions Funding, (43.5%) and NewRez (41.5%), with servicing handled by Shellpoint Mortgage Servicing.

The mortgage pool characteristics include:

• Borrowers' weighted average original credit score: 749
• Weighted average original loan-to-value (LTV): 71.1%
• One-month seasoned loans
• 99.6% fixed-rate mortgages (FRMs)
• 0.4% adjustable-rate mortgages (ARMs)
• 5.3% of loans have initial interest-only period

KBRA has assigned preliminary ratings to 8 classes of mortgage-backed notes, utilizing their Residential Asset Loss Model (REALM), third-party loan file due diligence, and cash flow modeling analysis.

Rithm Capital (NYSE: RITM) has successfully closed NZES 2025-FHT1, an $878 million mortgage servicing rights (MSR) backed securitized note, marking the largest MSR debt issuance ever completed. This single-tranche transaction represents the market's second-ever non-recourse MSR securitization, providing fixed financing over a 3-year expected asset life term.

The deal follows Rithm's previous milestone of closing NZES 2024-FNT1, the first non-recourse, non-rated MSR transaction in November 2024. Since 2015, the company has completed 17 MSR deals totaling over $7.7 billion in balance, demonstrating its significant presence in the MSR sector.

Rithm Capital (NYSE:RITM) has announced its dividend distributions for the first quarter of 2025. The company declared a common stock dividend of $0.25 per share, payable on April 30, 2025, to shareholders of record on March 31, 2025.

The company also declared preferred stock dividends for its various series:

• Series A: $0.6419490 per share (10.387% rate)
• Series B: $0.6319365 per share (10.225% rate)
• Series C: $0.5904649 per share (9.554% rate)
• Series D: $0.4375000 per share (7.000% fixed-rate)

All preferred stock dividends will be paid on May 15, 2025, to shareholders of record on May 1, 2025.

Rithm Property Trust (NYSE: RPT) has announced the sale of an additional 84,232 shares of its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock through a partial exercise of the over-allotment option. This sale generated additional gross proceeds of $2,105,800 before deducting underwriting discounts and offering expenses.

The Series C Preferred Stock began trading on the NYSE under the symbol RPT.PRC on March 12, 2025. The company plans to use the net proceeds for investments and general corporate and working capital purposes. The offering was managed by Janney Montgomery Scott , BTIG, , and Piper Sandler & Co. as book-running managers, with Lucid Capital Markets, , JonesTrading Institutional Services , and Wedbush Securities Inc. serving as co-managers.