earnings
confidence high
sentiment positive
materiality 0.70
Rithm Capital Q3 GAAP EPS $0.26, EAD $0.32; acquires 50% stake in Senlac Ridge
Rithm Capital Corp.
2022-Q3 EPS reported
$1.62
revenue$3,964,525,000
- GAAP net income of $124.5M ($0.26/diluted share) vs Q2 loss of $3.3M.
- Earnings Available for Distribution of $153M ($0.32/share), up from $145.8M in Q2.
- Book value per share of $12.10; common dividend maintained at $0.25/share.
- Mortgage company pre-tax income of $209.8M; MSR portfolio $615B UPB; Q4 origination guided $6-8B.
- Agreement to acquire 50% interest in Senlac Ridge Partners, a CRE investment manager.