AI Earnings Predictions for Rithm Capital Corp. (RITM)

EX-99.1

2 ritm-2026930x8xkxexhibit991.htm

EX-99.1

Document

Exhibit 99.1

Rithm Capital Corp. Announces Third Quarter 2026 Results

Q3 GAAP net income of $0.38 per diluted share; earnings available for distribution of $0.55 per diluted share

NEW YORK, NY - (BUSINESS WIRE) — Rithm Capital Corp. (NYSE: RITM; “Rithm Capital,” “Rithm” or the “Company”) today reported the following information for the third quarter ended September 30, 2026.

“Rithm’s strong third quarter results reflect disciplined execution across every part of our platform,” said Michael Nierenberg, CEO of Rithm Capital. “We continued to scale our asset management business, closing new funds and growing a more durable, fee-based earnings stream, while our operating companies delivered: Newrez generated a 24% annualized operating return on equity(3), Genesis reached year-to-date originations of $5.0 billion, and Elecor expanded its third-party capital base by executing a joint venture for a core NYC property, while signing 320,000 square feet of new leases. Our businesses continue to perform, and the strength and breadth of our platform position us well as we enter the fourth quarter with significant momentum and opportunity ahead for our shareholders, clients, and partners.”

Financial Highlights:

•GAAP net income of $217.1 million, or $0.38 per diluted common share(1)

•Earnings available for distribution of $315.3 million, or $0.55 per diluted common share(1)(2)

•Common dividend of $139.6 million, or $0.25 per common share

•Book value per common share of $12.51(1)

Q3 2026Q2 2026

Summary Operating Results:

GAAP Net Income per Diluted Common Share(1) $0.38 $0.04

GAAP Net Income (in millions)$217.1 $20.2

Non-GAAP Results:

Earnings Available for Distribution per Diluted Common Share(1)(2) $0.55 $0.60

Earnings Available for Distribution(2) (in millions) $315.3 $338.9

Common Dividend:

Common Dividend per Share$0.25 $0.25

Common Dividend (in millions)$139.6 $139.6

Business Highlights:

•Asset Management:

•Rithm Asset Management, Rithm Capital’s alternative asset management platform, which includes Sculptor Capital Management, Inc. (“Sculptor Capital”) and Crestline Management, L.P. (“Crestline”), had approximately $61 billion of assets under management (“AUM”)(4) as of September 30, 2026, consistent with quarter end Q2’26.

•$569 million of gross new capital and fund commitment inflows in Q3’26, bringing year-to-date gross inflows to $2.9 billion.

•Commercial Real Estate:

•Elecor Properties, Rithm Capital’s owner and operator of Class A office properties in New York City and San Francisco, increased year-to-date leasing activity to 1.0 million square feet, achieving rents 22% higher across the portfolio as compared to FY 2025.

•Closed on a joint venture with a strong institutional partner for ownership of 1301 Avenue of the Americas. Rithm will continue to hold a significant interest in the asset and operate the building on behalf of the joint venture.

•Closed a $515 million refinancing of 31 West 52nd Street through a multi-tiered structure including a commercial mortgage-backed securitization and two tranches of mezzanine financing.

•Residential Transitional Lending:

•Rithm Capital’s residential transitional lending platform, Genesis Capital LLC (“Genesis Capital”), recorded Q3’26 origination volume of $1.5 billion of residential transition loans (“RTLs”), a year over year (“YoY”) increase of 25%.

•Genesis Capital continued to expand its sponsor base, growing new sponsors funded by 125 in Q3’26, a 74% increase YoY.

•Completed Rithm’s inaugural $375 million securitization collateralized entirely by multifamily RTLs.

•Origination & Servicing:

•Newrez LLC (“Newrez”), Rithm Capital’s mortgage origination and servicing platform, posted pre-tax operating income of $329.7 million in Q3’26, excluding mortgage servicing rights (“MSRs”) mark-to-market (“MTM”) gain, net of hedges, and other non-operating items of $275.2 million, up from $307.6 million in Q2’26, excluding MSRs MTM loss, net of hedges, and other non-operating items of $(194.5) million.

•Newrez generated a 24% annualized operating return on equity (“ROE”)(3) in Q3’26 on $5.5 billion of average ending segment equity.

•Total servicing unpaid principal balance (“UPB”) reached $878.9 billion at the end of Q3’26, which includes $282.8 billion UPB of third-party servicing.

•Origination funded production volume was $12.9 billion in Q3’26, a decrease of 19% quarter over quarter and a decrease of 21% YoY.

•Investment Portfolio:

•Purchased $1.6 billion in UPB of non-qualified mortgage (“NQM”) loans in Q3’26 sourced from Newrez and third-party originators.

•Rithm Capital sponsored and completed two NQM securitizations in Q3’26 totaling $975 million in UPB.

•Acquired $521 million in home improvement loans in Q3’26 under the existing forward flow agreement with Upgrade, Inc. (“Upgrade”), bringing the total purchased through quarter-end to $1.5 billion.

•Amended the existi