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Stock impact report

Rithm Capital Q4 earnings beat, helped by key transactions [Seeking Alpha]

Rithm Capital Corp. (RITM) 
Company Research Source: Seeking Alpha
better-than-expected Q4 earnings as recent acquisitions of Crestline Management and Paramount Group start to contribute to its growth. Q4 EPS available for distribution of $0.74, Quick Insights Recent acquisitions of Crestline Management and Paramount Group have contributed positively, helping Rithm Capital beat earnings and revenue expectations. Higher earnings were driven by increased revenue in asset management and originated residential mortgage loans, along with strong interest income and net gains. Newrez grew funded production volume by 15% year-over-year, maintained strong pretax ROE, though total servicing unpaid principal balance declined from the prior quarter. Recommended For You Show less Read more
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