Rithm Capital Stock Price, News & Analysis

Rithm Capital Corp (NYSE:RITM) has declared dividends for Q2 2025 for both common and preferred stockholders. The company will pay a common stock dividend of $0.25 per share on July 31, 2025, to shareholders of record as of June 30, 2025. For preferred stockholders, the company declared floating-rate dividends for Series A ($0.6638017 per share at 10.390%), Series B ($0.6534517 per share at 10.228%), and Series C ($0.6105823 per share at 9.557%), as well as a fixed-rate Series D dividend ($0.4375000 per share at 7.000%). All preferred stock dividends will be paid on August 15, 2025, to shareholders of record on August 1, 2025.

Rithm Capital (NYSE: RITM) has successfully closed NRMLT 2025-NQM3, a $504 million securitization backed by non-qualified residential mortgage loans. The securitization comprises 1,039 residential mortgages with strong credit metrics, including a weighted average credit score of 750 and a loan-to-value ratio of 70.06%. The deal was rated by S&P and KBRA, with tranches from AAA to B, and was structured by Barclays with multiple joint bookrunners. Serviced by Rithm's subsidiary Newrez LLC, this marks the company's third Non-QM transaction in 2025. Rithm Capital has established itself as a leading Non-QM issuer with approximately $7.7 billion in unpaid principal balance across 23 deals.

Rithm Capital Corp. (NYSE: RITM) has announced the pricing of $500 million in senior unsecured notes with an 8.000% interest rate, maturing in 2030. The company plans to use the proceeds to redeem its outstanding 6.250% senior unsecured notes due 2025, with remaining funds allocated for general corporate purposes, including potential debt repayment. The offering is expected to close on June 20, 2025, and is being offered exclusively to qualified institutional buyers under Rule 144A and international investors under Regulation S of the Securities Act. The notes will not be registered under the U.S. Securities Act of 1933 and will not have registration rights.

Rithm Capital Corp (NYSE: RITM) has announced plans to offer $500 million in senior unsecured notes due 2030. The company intends to use the proceeds to redeem its outstanding 6.250% senior unsecured notes due 2025, with remaining funds allocated for general corporate purposes, including potential repayment of other debt. The notes will be offered exclusively to qualified institutional buyers under Rule 144A of the Securities Act and to international investors under Regulation S, as they will not be registered under the U.S. Securities Act of 1933.

KBRA has assigned preliminary ratings to 8 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2025-NQM3, a $504.3 million non-prime RMBS transaction sponsored by Rithm Capital Corp (NYSE: RITM). The trust consists of 1,039 residential mortgages originated primarily by Champions Funding (31.0%) and NewRez LLC (24.2%). The loan pool features strong borrower characteristics with a weighted average credit score of 750 and weighted average LTV/CLTV of 70.1%. The portfolio comprises predominantly fixed-rate mortgages (99.7%) with a small portion of ARMs (0.3%), and 6.8% of loans have an initial interest-only period. The loans are relatively new, with approximately two months of seasoning.

Rithm Property Trust (NYSE: RPT) reported its Q1 2025 financial results with GAAP comprehensive income of $1.1 million ($0.02 per diluted share), down from $2.2 million in Q4 2024. The company posted earnings available for distribution of $0.7 million ($0.02 per diluted share) and paid a common dividend of $2.7 million ($0.06 per share).

During Q1 2025, RPT deployed $64 million in capital, including $46.7 million in CMBS acquisitions and $17.5 million in a floating rate senior mortgage loan in NYC. The company issued 2.08 million shares of 9.875% Series C Preferred Stock, raising net proceeds of $50.8 million. Additionally, RPT sold legacy RMBS worth $20.7 million, reducing its RMBS portfolio to $101.1 million UPB.

The company's book value per share decreased slightly to $5.40 from $5.44 in the previous quarter, with total equity of $295.9 million.

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.