earnings
confidence high
sentiment neutral
materiality 0.75
Rithm Capital Q3 GAAP EPS $0.40, EAD $0.58; announces $720M SLS acquisition
Rithm Capital Corp.
2023-Q3 EPS reported
$1280.00
revenue$2,911,034,000
- GAAP net income $193.9M ($0.40 diluted EPS); EAD $280.8M ($0.58 diluted EPS).
- Common dividend maintained at $0.25 per share; book value per share $12.32.
- Acquired Specialized Loan Servicing for ~$720M, expected Q1 2024; adds $136B UPB in MSRs.
- Newrez combined pre-tax income $412.5M; funded origination volume $11.1B in Q3.
- Genesis Capital funded $625M in Q3; Q4 origination volume guidance $7-9B.