Rithm Capital Q1 net income rises

Rithm Capital

28/04/2026 11:43

Overview

Alternative asset manager's Q1 GAAP net income rose to $67.8 mln, up from prior quarter

Earnings available for distribution fell to $289.6 mln from $418.9 mln in Q4

Company kept quarterly dividend at $0.25 per share

Outlook

Rithm Capital did not provide specific financial guidance for upcoming quarters or the full year in press release

Result Drivers

MORTGAGE ORIGINATION & SERVICING - Newrez posted higher pre-tax operating income and a 19% annualized operating ROE

RESIDENTIAL TRANSITIONAL LENDING - Genesis Capital recorded 80% YoY origination growth and expanded its sponsor base

ASSET MANAGEMENT EXPANSION - Asset management platform AUM grew to $59 bln, driven by Crestline acquisition and fundraising

Company press release: ID:nBw2HK2Gva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Servicing Revenue
$375.06 mln
Q1 EPS
$0.12
Q1 Net Income
$67.80 mln
Q1 Dividend
$0.25


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Rithm Capital Corp is $14.00, about 38.3% above its April 27 closing price of $10.12

The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 5 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)