Welcome to our dedicated page for Rithm Capital news (Ticker: RITM), a resource for investors and traders seeking the latest updates and insights on Rithm Capital stock.
Rithm Capital Corp. (NYSE: RITM) generates a steady flow of news tied to its role as a global alternative asset manager and real estate investment trust (REIT). Company press releases and third-party reports highlight activity across credit and real estate markets, including capital raising, acquisitions, and securitization transactions. Investors following RITM news can see how the firm’s integrated platform in asset-based finance, residential and commercial real estate lending, mortgage servicing rights (MSRs), and structured credit is reflected in ongoing announcements.
Recent news items include underwritten public offerings of cumulative redeemable preferred stock, such as the 8.750% Series F Fixed-Rate Reset Cumulative Redeemable Preferred Stock, with proceeds intended for investments and general corporate purposes. Rithm also discloses at-the-market equity programs for its common stock, providing additional flexibility to raise capital over time. Dividend declarations on common and preferred shares are communicated through press releases, offering insight into the company’s capital structure and distribution policies.
Rithm’s news flow also covers strategic transactions and platform expansion. The company has announced the completion of acquisitions such as Crestline Management, L.P. and Paramount Group, Inc., which broaden its asset management capabilities and commercial real estate footprint. In parallel, subsidiaries like Newrez LLC issue their own announcements on mortgage product initiatives and technology partnerships, including plans to recognize eligible crypto assets in mortgage qualification and to develop AI-powered mortgage underwriting solutions.
Visitors to this RITM news page can review these types of updates in one place, from securitization-related rating actions on New Residential Mortgage Loan Trust transactions to corporate actions and strategic investments. Monitoring this stream of information can help readers understand how Rithm Capital’s credit and real estate activities evolve over time.
Rithm Capital Corp. reported a GAAP net loss of $(3.3) million for Q2 2022, translating to $(0.01) per share, primarily due to a termination fee of approximately $325 million. However, earnings available for distribution rose to $145.8 million or $0.31 per share. The company maintained its common dividend at $116.7 million, equating to $0.25 per share. Despite a decline in combined segment pre-tax income to $620.1 million from $908.0 million in Q1 2022, the company noted a positive outlook with $1.8 billion in cash and liquidity for future investments.
New Residential Investment Corp. (NYSE:NRZ) is set to release its second quarter 2022 financial results on August 2, 2022, before NYSE opening. Additionally, the company will officially change its name to Rithm Capital Corp. (NYSE:RITM) and its ticker symbol to 'RITM' on the same day. The conference call for stakeholders will occur at 8:00 A.M. Eastern Time, with a webcast available for public listening. New Residential has paid out approximately $4.1 billion in dividends since its inception in 2013 and maintains a diverse investment portfolio.
New Residential Investment Corp. (NYSE: NRZ) has announced its management internalization and plans to rebrand as Rithm Capital Corp. (NYSE: RITM). The internalization will conclude an external management agreement and is expected to save the company between $60 million and $65 million annually, equating to $0.12 to $0.13 per diluted share. A quarterly dividend of $0.25 per common share was declared, payable on July 29, 2022. Preferred stock dividends were also announced and will be paid on August 15, 2022.