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Stock impact report

Rithm Capital: Why I'm Buying Into Its Transformation Endgame [Seeking Alpha]

Rithm Capital Corp. (RITM) 
Company Research Source: Seeking Alpha
Recent acquisitions of Crestline Management and Paramount Group, along with new fund launches, are rapidly scaling RITM's asset management segment. A multi-year roadmap envisions integrating acquisitions, launching new REITs, and ultimately separating the mortgage origination and servicing business. By 2027, RITM aims to convert to a C-Corp AAM, offering patient shareholders potential value creation and upside despite a likely dividend cut. RapidEye/iStock via Getty Images Rithm Capital Corp. ( RITM ) ("Rithm" or "the Company") has generated lots of buzz in the mortgage REIT ("mREIT") universe for its ambitious plan to transition into an alternative asset manager ("AAM"). Many investors have been patiently (or not so patiently) waiting for the 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 opinion Show less Read more
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