Rithm Capital Corp
RITM
ISIN US64828T2015 / Valor 25685480
Rithm Capital Corp
UMushroom community rating:
About company
Rithm Capital Corp is a diversified financial services company with a focus on the real estate sector. Its business operations encompass a broad range of assets and subsidiary companies that operate across various niches within the financial and real estate industries. This includes investments in real estate equity and debt, as well as the provision of financial services related to real estate and capital markets. The company's portfolio is designed to leverage the synergies between its financial services and real estate holdings, aiming to generate stable returns for its investors through a combination of income-generating assets and growth-oriented real estate investments. Rithm Capital Corp's strategic approach to investment and asset management reflects its commitment to capitalizing on opportunities within these sectors, while also managing the inherent risks associated with real estate and financial market investments.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (25.12.2024):
Net Income
Rithm Capital Corp. reported a GAAP net income of $97.0 million for the third quarter of 2024, translating to $0.20 per diluted common share. This marks a decrease from the previous quarter's net income of $213.2 million, or $0.43 per diluted common share.
Earnings Distribution
The company announced earnings available for distribution of $270.3 million, or $0.54 per diluted common share, for Q3 2024. This represents an increase from $231.1 million, or $0.47 per diluted common share, in the second quarter of 2024.
Dividends
Rithm Capital Corp. declared a common dividend of $129.9 million, equating to $0.25 per common share, consistent with the dividend declared in the previous quarter.
Book Value
The book value per common share for Rithm Capital Corp. stood at $12.31 as of September 30, 2024. This figure provides insight into the company's financial health and shareholder equity.
Outlook and Strategy
Rithm Capital's management highlighted the company's operational resilience and earnings durability as key strengths. The focus remains on creating shareholder value through earnings distribution and reinvestment to support growth and diversification.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5712 M
Market cap (USD)
909,331
Daily traded volume (Shares)
11.025 / 10.93
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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