Rithm Capital Stock Earnings Reports

Rithm Capital reported a solid Q1 2026 with $0.51 of diluted earnings per share (EAD $289.6M), GAAP net income of $67.8M, book value of $12.51 per share, and $1.4B of cash/liquidity. Key operational highlights: strong asset management momentum (Sculptor AUM $37B, Crestline ~ $20B) with continued fundraises (including Sculptor real estate fund $4.6B) and >$2B deployed into corporate credit/ABF in the quarter; Elecor (formerly Paramount) is integrating and rebranding the Class A NYC/SF office portfolio, executing cost synergies (~$40M annualized identified) and active leasing and repositioning plans; Newrez delivered pretax income (ex-MTM) of ~$274M with 19% ROE, funded volume $15.5B, accelerating technology/AI initiatives and cost reduction efforts (Valon transition, HomeVision partnership); Genesis Capital produced a record quarter ($1.6B originations) and expects FY production of $6.5–7.0B while maintaining disciplined credit; the investment portfolio completed $2B of securitizations and invested ~$3B across mortgage and residential transition loans. Management emphasized they see recent private credit headlines as a sentiment-driven dislocation (not systemic), positioning Rithm to deploy capital opportunistically across ABF and credit, while reiterating a firm-wide commitment to preserve credit standards over chase-for-AUM growth. Dividends continue ($0.25 per common share this quarter), and management flagged continued focus on growing fee-related earnings (FRE), operational efficiencies (notably via AI at Newrez), and selective third-party JV/capital partnerships for Elecor.