NYSE$RITM
New Residential Investment Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Rithm Capital had a strong quarter with positive contributions from all business lines.
Rithm Capital Corp. reported a GAAP net income of $261.6 million, or $0.54 per diluted common share, and earnings available for distribution of $233.2 million, or $0.48 per diluted common share for the first quarter ended March 31, 2024. The company's well-balanced business lines contributed positively, with origination funding production volume increasing by 21% QoQ and 54% YoY.
- GAAP net income was $261.6 million, or $0.54 per diluted common share.
- Earnings available for distribution were $233.2 million, or $0.48 per diluted common share.
- Origination funded production volume increased by 21% QoQ and 54% YoY to $10.8 billion.
- Mortgage servicing rights portfolio totaled $587 billion in unpaid principal balance, with an average constant prepayment rate of approximately 5%.
Headline financials
Revenue & EPS history
NRZ · Revenue · Quarterly
$1.29B
Revenue by segment
NRZ · $64.2M total across 2 segments · Q3 2022
- Asset Management$42.3M—66.0%
- Corporate Category$21.8M-41.2%34.0%
Forward guidance
Rithm is well positioned for success in the current market environment and is excited to continue delivering strong results for its shareholders and LPs on an ongoing basis.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.9%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+2.2%
Avg return
30 days after
68%
38 / 56 earnings
Positive
+12.5%
Q1 2022
Best reaction
-11.5%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.2% | -3.3% | -8.5% | |
| Q4 2025 | +6.0% | -0.6% | -9.4% | |
| Q3 2025 | +0.3% | +0.5% | +5.1% | |
| Q1 2025 | +1.3% | +7.5% | +7.0% | |
| Q4 2024 | +3.7% | +3.1% | +2.9% | |
| Q3 2024 | +3.0% | +0.1% | +6.8% | |
| Q2 2024 | -1.7% | -6.6% | +3.6% | |
| Q1 2024 | -0.6% | +0.9% | -1.2% | |
| Q4 2023 | -4.2% | -1.7% | +3.2% | |
| Q3 2023 | +2.8% | +4.2% | +13.7% | |
| Q2 2023 | -0.4% | +2.3% | +3.4% | |
| Q1 2023 | +1.9% | +2.9% | +11.5% | |
| Q4 2022 | +1.8% | +3.6% | -11.2% | |
| Q3 2022 | -1.4% | +0.8% | +5.9% | |
| Q2 2022 | -6.2% | -9.1% | -16.1% | |
| Q1 2022 | +12.5% | +6.6% | +9.4% | |
| Q4 2021 | +6.1% | +3.7% | +1.3% | |
| Q3 2021 | +0.7% | -0.3% | -5.6% | |
| Q2 2021 | +3.1% | +2.6% | +13.6% | |
| Q1 2021 | -2.2% | -2.4% | +1.7% | |
| Q4 2020 | -2.9% | -3.8% | +7.1% | |
| Q3 2020 | -11.5% | -14.1% | +11.2% | |
| Q2 2020 | -1.1% | -1.5% | -1.8% | |
| Q1 2020 | +0.8% | +8.9% | +36.3% | |
| Q4 2019 | +1.7% | +2.7% | -7.3% | |
| Q3 2019 | -0.6% | -0.3% | -2.7% | |
| Q2 2019 | +1.2% | -0.9% | -9.3% | |
| Q1 2019 | -0.9% | -0.8% | -9.3% | |
| Q4 2018 | +1.7% | +1.9% | +0.0% | |
| Q3 2018 | -1.1% | +0.5% | -5.0% | |
| Q2 2018 | -4.4% | -3.8% | -1.3% | |
| Q1 2018 | +3.2% | +4.3% | +6.8% | |
| Q4 2017 | +1.1% | +1.5% | +2.3% | |
| Q3 2017 | +2.2% | +3.8% | +4.5% | |
| Q2 2017 | +6.9% | +4.9% | +2.1% | |
| Q1 2017 | +1.7% | +0.4% | -3.5% | |
| Q4 2016 | +3.0% | +3.1% | +2.9% | |
| Q3 2016 | +0.4% | +3.0% | +11.2% | |
| Q2 2016 | +3.4% | +4.2% | +4.6% | |
| Q1 2016 | +5.2% | — | — | |
| Q4 2015 | +4.3% | — | — | |
| Q3 2015 | -2.4% | — | — | |
| Q2 2015 | +0.1% | — | — | |
| Q1 2015 | +1.7% | — | — | |
| Q4 2014 | +1.6% | — | — | |
| Q3 2014 | +0.5% | — | — | |
| Q2 2014 | +5.2% | — | — | |
| Q1 2014 | -2.5% | — | — | |
| Q4 2012 | +0.9% | — | — | |
| Q4 2013 | +1.9% | — | — | |
| Q3 2012 | +5.6% | — | — | |
| Q3 2013 | -7.1% | — | — | |
| Q2 2012 | -0.9% | — | — | |
| Q1 2012 | +1.9% | — | — | |
| Q2 2013 | +1.9% | — | — | |
| Q1 2013 | +1.9% | — | — |
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