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) is a diversified real estate investment trust specializing in mortgage servicing, residential lending, and asset management. This page aggregates official company announcements and verified financial reporting for investors tracking RITM's market activities.
Access timely updates on earnings results, strategic partnerships, portfolio acquisitions, and regulatory developments. Our curated news collection provides essential context for understanding RITM's performance across its core segments: mortgage servicing rights management, residential transitional lending, and investment portfolio optimization.
Key content includes quarterly financial disclosures, material event notifications, leadership updates, and operational milestones. Bookmark this page for direct access to primary sources about RITM's market position and industry developments.
Rithm Capital (NYSE: RITM) reported strong financial results for Q4 and full year 2024. The company achieved Q4 GAAP net income of $263.2 million ($0.50 per share) and earnings available for distribution of $315.8 million ($0.60 per share). For full year 2024, GAAP net income reached $835.0 million ($1.67 per share) with earnings available for distribution of $1.1 billion ($2.10 per share).
Key Q4 highlights include completing a $461 million secured MSR financing, growing total servicing UPB to $844 billion (up 32% YoY), and increasing origination volume to $17.3 billion (up 94% YoY). The company's Sculptor segment managed approximately $34 billion in AUM and closed an additional $1.0 billion for Real Estate Fund V.
The Board authorized new stock repurchase programs of up to $200 million for common stock and $100 million for preferred stock through December 31, 2025.
Rithm Capital (NYSE:RITM) has announced the tax treatment of its 2024 dividends for common and preferred stock. The company's common stock dividends totaled $1.00 per share for 2024, distributed quarterly at $0.25 per share. Each common dividend comprises $0.00533 qualified dividend and $0.24467 Section 199A dividend.
The company also detailed dividend distributions for four series of preferred stock: Series A ($2.12064/share), Series B ($2.03997/share), Series C ($1.59376/share), and Series D ($1.75000/share). All distributions were made in cash form, with specific allocations between qualified dividends and Section 199A dividends. No long-term capital gains or return of capital were included in any distributions.
Rithm Property Trust (NYSE: RPT) reported its Q4 2024 financial results, showing improvement with GAAP net income of $2.9 million ($0.06 per diluted share), compared to a loss of $8.0 million in Q3 2024. The company achieved earnings available for distribution of $0.3 million ($0.01 per diluted share).
The company's book value per common share stood at $5.44 as of December 31, 2024, with total book value at $246.9 million. During Q4, RPT paid a common dividend of $2.8 million ($0.06 per share).
Since taking over Great Ajax's management in June 2024, the company has rebranded to Rithm Property Trust and made significant progress in commercial real estate investments, acquiring $154 million in UPB of commercial mortgage-backed securities (CMBS), bringing their total CMBS investment to $244 million UPB.
Rithm Property Trust (NYSE:RPT) has disclosed the tax treatment of its 2024 common stock distributions. The company's total distributions for 2024 amounted to $0.28 per share, consisting entirely of return of capital. The distributions were paid quarterly as follows:
- Q1 2024: $0.10 per share (paid March 29)
- Q2 2024: $0.06 per share (paid May 30)
- Q3 2024: $0.06 per share (paid August 30)
- Q4 2024: $0.06 per share (paid November 29)
None of the distributions qualified as ordinary dividends, qualified dividends, Section 199A dividends, or long-term capital gains.
KBRA has assigned preliminary ratings to 8 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2025-NQM1, a $308.0 million non-prime RMBS transaction sponsored by Rithm Capital Corp (NYSE: RITM). The transaction is backed by 583 residential mortgages, with NewRez originating 57.5% and Champions Funding, originating 31.3% of the loans.
The loan pool features borrowers with a weighted average original credit score of 755 and weighted average original LTV and CLTV of 71.7%. The portfolio consists of 99.9% fixed-rate mortgages and 0.1% adjustable-rate mortgages, with 5.8% having an initial interest-only period. The loans are approximately one month seasoned and will be serviced by NewRez d/b/a Shellpoint Mortgage Servicing.
Rithm Capital Corp. (NYSE:RITM) has announced it will release its fourth quarter and full year 2024 financial results on Thursday, February 6, 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 through a provided link. A webcast will be accessible at www.rithmcap.com, and a replay will be available until February 13, 2025, via phone at 1-877-344-7529 (U.S.) or 1-412-317-0088 (international) using access code '9354317'.
Rithm Property Trust (NYSE: RPT) has announced its schedule for the release of fourth quarter 2024 financial results. The company will publish its earnings report for the period ended December 31, 2024, on Thursday, January 30, 2025, before the NYSE opening.
Management will host a conference call on the same day at 8:00 A.M. Eastern Time. Investors can access the call by dialing 1-888-596-4144 (U.S.) or 1-646-968-2525 (international) with conference ID '5035792'. A simultaneous webcast will be available on the company's website, with pre-registration available at the provided link.
A replay of the conference call will be accessible for two weeks until February 13, 2025, through the company's website.
Rithm Capital (NYSE:RITM) has announced its dividend distributions for Q4 2024. The company declared a common stock dividend of $0.25 per share, payable on January 31, 2025, to shareholders of record on December 31, 2024.
The company also declared preferred stock dividends for its various series: Series A at $0.6763961 per share (10.587% rate), Series B at $0.6660461 per share (10.425% rate), Series C at $0.3984375 per share (6.375% rate), and Series D at $0.4375000 per share (7.000% rate). All preferred dividends will be paid on February 18, 2025, to shareholders of record on January 31, 2025.
KBRA has assigned preliminary ratings to 8 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2024-NQM3, a $272.5 million non-prime RMBS transaction sponsored by Rithm Capital Corp (NYSE: RITM). The transaction is backed by 538 residential mortgages, with NewRez originating 71.4% and Champions Funding, originating 12.2% of the loans.
The loan pool features borrowers with a weighted average original credit score of 751 and a weighted average original loan-to-value ratio of 72.0%. The portfolio consists predominantly of fixed-rate mortgages (99.7%), with a small portion of adjustable-rate mortgages (0.3%). Approximately 7.7% of the pool has an initial interest-only period, and the loans are seasoned approximately one month.
Great Ajax Corp (NYSE: AJX) announced its rebranding to Rithm Property Trust Inc, effective December 2, 2024. The company's common stock will begin trading under the new ticker symbol 'RPT' on the New York Stock Exchange starting December 3, 2024, replacing the current 'AJX' symbol. The CUSIP remains unchanged, and shareholders need not take any action. The rebranding marks a new phase in the company's development as an opportunistic real estate investment platform and strengthens its relationship with Rithm Capital Corp (NYSE: RITM), a global asset manager.
FAQ
What is the current stock price of Rithm Capital (RITM)?
What is the market cap of Rithm Capital (RITM)?
