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0 0 0 -2.7906976744121E-05 0.00279069767441871 0.00279069767441871 0.00266976744186052 0.0018604651162792
Stock impact report

Rithm Capital Closes Paramount Group Pickup As Earnings Boost Preferreds Coverage [Seeking Alpha]

Rithm Capital Corp. (RITM) 
Company Research Source: Seeking Alpha
RITM's EAD of $0.74 per share covers its $0.25 dividend by 296%, supporting both common and preferred shares with strong payout sustainability. Growth in asset management, notably via Sculptor Capital and the Crestline acquisition, could drive multiple expansion from recurring fee income. The Paramount Group acquisition and strong Manhattan office leasing justify the acquisition even against San Francisco office weakness. Nisian Hughes/DigitalVision via Getty Images Rithm Capital Corp.'s ( RITM ) ability to generate significant earnings available for distribution ("EAD") above and beyond its ongoing dividend payouts has positioned the mortgage REIT ("mREIT') as a core holding as it continues to grow its platform This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of RITM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensati Show less Read more
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