Quarterly ResultApr 28, 2026, 06:32 AM
RITM Q1 GAAP EPS $0.12; Earnings Available for Distribution $0.51
AI Summary
Rithm Capital Corp. reported Q1 2026 GAAP net income of $67.8 million, or $0.12 per diluted common share, and Earnings Available for Distribution of $289.6 million, or $0.51 per diluted common share. The company also declared a common dividend of $0.25 per share. Key business segments showed strong performance, with Newrez generating a 19% annualized operating ROE and Genesis Capital achieving 80% year-over-year origination growth. The asset management platform's AUM grew to approximately $59 billion.
Key Highlights
- GAAP net income: $67.8 million, or $0.12 per diluted common share.
- Earnings Available for Distribution: $289.6 million, or $0.51 per diluted common share.
- Common dividend declared: $0.25 per common share.
- Book value per common share: $12.51.
- Newrez Q1'26 pre-tax operating income: $273.7 million (excluding MSRs MTM loss).
- Genesis Capital Q1'26 origination volume: $1.6 billion, up 80% YoY.
- Asset management AUM: approximately $59 billion as of March 31, 2026.
- Total servicing unpaid principal balance (UPB): $850 billion at the end of Q1'26.