Rithm Capital Stock Price, News & Analysis

Rithm Capital Corp. (NYSE: RITM) is described in its public communications as a global alternative asset manager with significant experience managing credit and real estate assets. The company is organized as a real estate investment trust (REIT) and its common stock and multiple series of preferred stock trade on the New York Stock Exchange. Rithm Capital Corp. is incorporated in Delaware and reports its registered office city as New York, New York in its SEC filings.

According to the company’s disclosures and press releases, Rithm combines institutional expertise with what it characterizes as an entrepreneurial culture, focusing on disciplined growth across several market segments. Its integrated investment platform spans asset-based finance, lending across residential and commercial real estate, mortgage servicing rights (MSRs), and structured credit. The firm presents itself as operating a unified owner-operator model that can source, finance, and actively manage both debt and equity investments.

Business model and investment platform

Rithm Capital’s business model centers on managing and investing in credit and real estate-related assets through an integrated platform. Company descriptions in multiple press releases state that Rithm focuses on asset-based finance and lending activities tied to residential and commercial real estate, along with investments in mortgage servicing rights and structured credit. Within this framework, Rithm sponsors residential mortgage-backed securities (RMBS) transactions, including non-prime securitizations such as the New Residential Mortgage Loan Trust series, where Rithm is identified as the sponsor.

The company also issues both common and preferred equity securities. SEC filings describe several series of cumulative redeemable preferred stock (Series A, B, C, D, E and, via a later underwriting agreement, Series F), each with defined dividend and liquidation preference terms. These preferred stock offerings and at-the-market common equity programs, as disclosed in Form 8-K filings, illustrate how Rithm raises capital for investments and general corporate purposes.

Real estate and credit focus

Rithm Capital’s platform is closely tied to real estate and credit markets. Press releases and rating agency reports show that Rithm sponsors residential mortgage securitizations collateralized by pools of residential mortgages, including non-prime loans. In these transactions, underlying mortgages are often originated and serviced by Newrez LLC, which is identified as a Rithm Capital company. This linkage underscores Rithm’s role across the mortgage value chain, from origination and servicing to securitization and capital markets execution.

On the commercial real estate side, Rithm has expanded its footprint through acquisitions. An 8-K filing and related press release describe the completed acquisition of Paramount Group, Inc., a vertically integrated REIT that owns, operates, and manages Class A office properties in New York City and San Francisco. Following this transaction, Paramount becomes indirectly controlled by Rithm, and the portfolio is integrated into Rithm’s broader asset management platform.

Subsidiaries and operating businesses

In its public communications, Rithm highlights several subsidiaries and affiliated platforms as part of its integrated model. These include Newrez, a top five mortgage lender and servicer that is described as a Rithm Capital Corp. company; Genesis Capital; Sculptor Capital Management; Crestline Management (also referred to as Crestline Investors in some descriptions); and Paramount Group following its acquisition. Through these entities, Rithm participates in residential mortgage origination and servicing, commercial real estate, structured and corporate credit, and other asset management strategies.

A press release regarding the completion of the Crestline acquisition notes that, together with Crestline and Sculptor, Rithm’s investment professionals manage a large base of investable assets across strategies that include asset-based finance, real estate, structured and corporate credit, fund liquidity, insurance, and reinsurance. This description positions Rithm as an asset manager with exposure to both balance sheet investments and third-party assets under management.

Capital structure and listed securities

Rithm Capital’s SEC filings list its common stock and multiple series of preferred stock as registered under Section 12(b) of the Securities Exchange Act of 1934. The common stock trades under the symbol RITM on the New York Stock Exchange. The company has issued several series of cumulative redeemable preferred stock, including:

• 7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (RITM PR A)
• 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (RITM PR B)
• 6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (RITM PR C)
• 7.00% Fixed-Rate Reset Series D Cumulative Redeemable Preferred Stock (RITM PR D)
• 8.750% Series E Fixed-Rate Cumulative Redeemable Preferred Stock (RITM PR E)

Subsequent filings and press releases describe an additional 8.750% Series F Fixed-Rate Reset Cumulative Redeemable Preferred Stock offering, with the company indicating its intention to list this series on the NYSE under the symbol RITM PR F. Certificates of designations and related Form 8-A filings set out the dividend, redemption, and conversion features for these preferred securities, including ranking senior to common stock with respect to dividends and liquidation rights.

Corporate actions and growth through transactions

Rithm Capital uses both organic initiatives and corporate transactions to expand its platform. SEC reports and press releases document several notable actions:

• At-the-market equity program: A Form 8-K describes a distribution agreement with multiple investment banks to sell shares of common stock through an at-the-market equity offering program, with an aggregate offering price cap disclosed in the filing.
• Preferred stock offerings: Multiple 8-K filings outline underwriting agreements for preferred stock offerings, including the Series E and Series F preferred stock. These documents specify the number of shares, liquidation preference, and intended use of proceeds for investments and general corporate purposes.
• Acquisition of Crestline Management, L.P.: A press release and related 8-K filing describe the completion of this acquisition, emphasizing its role in building an integrated, diversified asset management platform and expanding strategies such as structured and corporate credit, fund liquidity, insurance, and reinsurance.
• Acquisition of Paramount Group, Inc.: An 8-K and accompanying press release detail the merger structure and consideration for Paramount’s common stock and operating partnership units, resulting in Paramount becoming indirectly controlled by Rithm and its separate corporate existence ceasing.

Relationship with Newrez and mortgage activities

Newrez LLC is repeatedly identified as a Rithm Capital Corp. company and as a top five mortgage lender and servicer. Newrez originates and services residential mortgage loans, and rating agency reports on New Residential Mortgage Loan Trust securitizations note that Newrez is a primary originator and the servicer of the underlying mortgage pools. These securitizations, sponsored by Rithm Capital Corp., are collateralized by pools of residential mortgages, including non-prime loans with specified credit score and loan-to-value characteristics.

Newrez also pursues product and technology initiatives. For example, Newrez has announced plans to recognize eligible crypto assets in mortgage origination for asset verification and income estimation, and has entered into a strategic investment in HomeVision to develop an AI-powered mortgage underwriting solution. These initiatives are described as part of Newrez’s efforts to broaden pathways to homeownership and enhance underwriting efficiency, and they illustrate how Rithm’s platform includes operating businesses that adopt new approaches within mortgage lending.

Rithm Property Trust relationship

Rithm Property Trust Inc. is described in a press release as a real estate investment platform externally managed by an affiliate of Rithm Capital Corp. Following a strategic transaction with Rithm Capital, Rithm Property Trust operates a flexible commercial real estate-focused investment strategy and is organized to qualify as a REIT for federal income tax purposes. Rithm Property Trust has its own listed common stock on the NYSE under the symbol RPT and has undertaken corporate actions such as a reverse stock split, as disclosed in its own announcements.

Regulatory reporting and governance

Rithm Capital Corp. files periodic and current reports with the U.S. Securities and Exchange Commission. Its Form 8-K filings cover a range of topics, including underwriting agreements, distribution agreements, acquisitions, preferred stock designations, and results of operations. These filings identify Rithm as a Delaware corporation with a Commission File Number of 001-35777 and a federal employer identification number disclosed in the cover pages.

The company’s preferred stock designations include provisions regarding dividend rates, redemption rights, conversion features upon a change of control, and restrictions intended to preserve Rithm’s qualification as a REIT. Certain series of preferred stock provide limited voting rights if dividends are in arrears for specified periods or under other defined circumstances, as described in the relevant certificate of designations.

Frequently Asked Questions (FAQ)

• What does Rithm Capital Corp. do?
  According to its public descriptions, Rithm Capital Corp. is a global alternative asset manager focused on credit and real estate assets. Its integrated platform spans asset-based finance, residential and commercial real estate lending, mortgage servicing rights, and structured credit.
• How is Rithm Capital structured?
  Rithm Capital is organized as a real estate investment trust (REIT) and is incorporated in Delaware. It manages investments through both on-balance-sheet positions and asset management businesses, and it reports as a public company with securities registered on the New York Stock Exchange.
• Where are Rithm Capital’s shares listed?
  Rithm Capital’s common stock, with a par value of $0.01 per share, trades on the New York Stock Exchange under the symbol RITM. Several series of its cumulative redeemable preferred stock are also listed on the NYSE under related symbols.
• What types of preferred stock has Rithm Capital issued?
  SEC filings list multiple series of cumulative redeemable preferred stock, including Series A, B, C, D, and E, each with specified dividend rates and terms. Subsequent disclosures describe a Series F Fixed-Rate Reset Cumulative Redeemable Preferred Stock offering, with an application to list this series on the NYSE.
• How does Rithm Capital participate in the mortgage market?
  Rithm sponsors residential mortgage-backed securities transactions and is associated with Newrez LLC, a top five mortgage lender and servicer described as a Rithm Capital company. Newrez originates and services residential mortgage loans that are included in securitizations sponsored by Rithm.
• What role do acquisitions play in Rithm Capital’s strategy?
  Public filings and press releases indicate that Rithm has completed acquisitions such as Crestline Management, L.P. and Paramount Group, Inc. These transactions expand its asset management capabilities and commercial real estate footprint, integrating additional strategies and portfolios into its platform.
• What is Rithm Property Trust and how is it related to Rithm Capital?
  Rithm Property Trust is described as a real estate investment platform externally managed by an affiliate of Rithm Capital Corp. It focuses on commercial real estate investments and is organized to qualify as a REIT, with its own listed common stock on the NYSE.
• What is Newrez and how is it connected to Rithm Capital?
  Newrez LLC is identified as a Rithm Capital Corp. company and as a top five mortgage lender and servicer. It provides mortgage origination and servicing capabilities that support Rithm’s broader focus on residential real estate and mortgage-related assets.
• How does Rithm Capital raise capital for its activities?
  Rithm raises capital through offerings of common stock, at-the-market equity programs, and multiple series of preferred stock, as described in its Form 8-K filings. The company states that net proceeds from these offerings are intended for investments and general corporate purposes.
• Is Rithm Capital still an active public company?
  The provided SEC filings and press releases describe ongoing securities offerings, acquisitions, and dividend declarations for Rithm Capital Corp., and list its common and preferred stock as trading on the New York Stock Exchange under the symbols noted above.