Rithm Capital Corp

Chart & Performance

D1W1MN

Profile

New Residential Investment Corp. operates as a real estate investment trust in the United States. It operates through Origination, Servicing, MSR Related Investments, Residential Securities, Properties and Loans, Consumer Loans, Mortgage Loans, and Corporate segments. The company invests in mortgage servicing rights, mortgage origination and servicing companies, residential mortgage-backed securities, properties and loans, consumer loans, and other opportunistic investments. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. New Residential Investment Corp. was incorporated in 2011 and is based in New York, New York.

URL

https://www.rithmcap.com/

IPO date

May 02, 2013

Employees

5,870

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	3,756,989 -1.54%	3,815,849 25.48%	3,041,029 -14,351.04%
Cost of revenue	1,856,023	3,338,320	3,141,105
Unusual Expense (Income)
NOPBT	1,900,966	477,529	(100,076)
NOPBT Margin	50.60%	12.51%
Operating Taxes	122,159	279,516	158,226
Tax Rate	6.43%	58.53%
NOPAT	1,778,807	198,013	(258,302)
Net income	622,257 -34.81%	954,519 23.61%	772,226 -156.88%
Dividends	(570,878)	(558,301)	(438,544)
Dividend yield	11.05%	14.19%	8.76%
Proceeds from repurchase of equity		(10,454)	962,910
BB yield		0.27%	-19.22%
Debt
Debt current	41,533	545,056	15,328,968
Long-term debt	27,081,048	22,002,960	29,923,607
Deferred revenue		25,597,776	33,289,844
Other long-term liabilities	(26,921,812)	(46,935,094)	(33,289,844)
Net debt	6,267,684	12,105,956	25,126,922
Cash flow
Cash from operating activities	693,595	6,874,063	2,883,872
CAPEX		(542)	(23,015)
Cash from investing activities	216,721	198,253	2,306,253
Cash from financing activities	(842,549)	(6,983,124)	(4,742,156)
FCF	(316,830)	13,624,490	1,487,772
Balance
Cash	268	2,152,783	10,729,114
Long term investments	20,854,629	8,289,277	9,396,539
Excess cash	20,667,047	10,251,268	19,973,602
Stockholders' equity	1,026,716	948,049	609,709
Invested Capital	38,731,901	30,819,432	53,643,927
ROIC	5.12%	0.47%
ROCE	4.76%	1.47%
EV
Common stock shares outstanding	483,717	481,636	467,665
Price	10.68 30.72%	8.17 -23.72%	10.71 7.75%
Market cap	5,166,095 31.29%	3,934,967 -21.44%	5,008,692 21.27%
EV	12,785,129	17,365,244	31,463,443
EBITDA	1,900,966	385,638	(94,004)
EV/EBITDA	6.73	45.03
Interest	1,401,327	791,001	497,308
Interest/NOPBT	73.72%	165.64%