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 Corp. (NYSE:RITM) has announced the schedule for its second quarter 2024 earnings release and conference call. The company will release its financial results for the period ended June 30, 2024, on Wednesday, July 31, 2024, before the New York Stock Exchange opens. Management will host a conference call on the same day at 8:00 A.M. Eastern Time.
Investors can access the conference call by dialing 1-833-974-2382 (U.S.) or 1-412-317-5787 (outside U.S.), referencing 'Rithm Capital Second Quarter 2024 Earnings Call.' A simultaneous webcast will be available on the company's website. A telephonic replay will be accessible until August 7, 2024, by dialing 1-877-344-7529 (U.S.) or 1-412-317-0088 (outside U.S.), using access code '6413013'.
Rithm Capital Corp. (NYSE:RITM) announced its Board of Directors has declared dividends for the second quarter of 2024. The common stock dividend is set at $0.25 per share, payable on July 26, 2024, to shareholders of record on July 1, 2024.
Additionally, the company declared dividends for its various series of preferred stocks: $0.4687500 per share for Series A, $0.4453125 per share for Series B, $0.3984375 per share for Series C, and $0.4375000 per share for Series D. These preferred stock dividends are payable on August 15, 2024, to shareholders of record on July 15, 2024.
This announcement highlights Rithm Capital's continued commitment to returning value to its shareholders.
Rithm Capital and Great Ajax have finalized their previously announced transaction. Great Ajax is now under a management agreement with an affiliate of Rithm, transitioning from a residential loan platform to a commercial real estate-focused vehicle. Rithm anticipates strategic benefits from this shift and synergies with its operating platforms. The transaction was first announced on February 26, 2024, and approved by Great Ajax stockholders on May 20, 2024. Rithm also purchased 2.9 million shares of Great Ajax common stock.
Rithm Capital Corp. (NYSE: RITM) completes the acquisition of Computershare Mortgage Services Inc., including SLS, expanding Newrez 's servicing portfolio and subservicing platform. The transaction adds approximately $149 billion in unpaid principal balance of servicing UPB, enhances client base and wallet share, and provides added operating leverage to Newrez's operations.
Rithm Capital Corp. reported strong Q1 2024 results with GAAP net income of $261.6 million, earnings available for distribution of $233.2 million, and a common dividend of $120.9 million. The company's book value per common share stood at $12.19, indicating a robust financial performance. Rithm Capital's various segments, including Newrez Combined Origination & Servicing and Sculptor, contributed positively to the quarter's results. The company expanded its Institutional Credit Strategies and announced the acquisition of Computershare Mortgage Services Inc. and affiliates, reinforcing its market position.
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