Rithm Capital Stock Earnings Reports

Rithm Capital reported a solid Q1 2026 driven by strong performance across its diversified platform: asset management (Sculptor and Crestline), mortgage servicing and origination (Newrez), the rebranded office owner-operator Elecor (formerly Paramount Group), Genesis Capital (residential transition and multifamily lending), and the public REIT/investment portfolio. Key financials: diluted EPS of $0.51, GAAP net income $67.8 million ($0.12 per diluted share), book value $12.51 billion ($12.51 per share), dividend of $0.25 (10.5% yield), and ~$1.4 billion of cash/liquidity. Asset management AUM ~ $60 billion; Sculptor $37B, Crestline ~ $20B. Newrez servicing portfolio was ~$850B and Newrez produced $15.5B funded volume and $274M pretax income (19% annualized ROE). Genesis produced a record quarter ($1.6B in originations) and expects $6.5–$7.0B production for 2026. Rithm completed $2B of securitizations, invested $3B in mortgage assets (including non-QM and RTL), and continues Upgrade flow purchases. Elecor is 10 core assets (9.9M sq ft), ~85.7% leased at share (NY ~92%+; SF recovering with strong leasing), with an identified ~$40M of annual management company EBITDA efficiencies since acquisition and active JV/financing initiatives. Management emphasized disciplined underwriting and credit quality, low software concentration in lending portfolios, positioning to capitalize on market dislocations in private credit and ABF, and a focus on growing fee-related earnings (FRE) and operating efficiencies (notably AI/technology at Newrez).