NYSE$RITM
New Residential Investment Corp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Rithm Capital reported strong performance, capitalizing on market opportunities and growing asset management capabilities.
Rithm Capital reported a GAAP net income of $213.2 million, or $0.43 per diluted common share, and earnings available for distribution of $231.1 million, or $0.47 per diluted common share. The company's MSR portfolio totaled $645 billion in UPB, and origination funded production volume increased by 35% QoQ and 47% YoY.
- GAAP net income was $213.2 million, or $0.43 per diluted common share.
- Earnings available for distribution reached $231.1 million, or $0.47 per diluted common share.
- The common dividend was $122.4 million, or $0.25 per common share.
- The MSR portfolio totaled $645 billion in unpaid principal balance.
Headline financials
Revenue & EPS history
NRZ · Revenue · Quarterly
$1.23B
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
The company anticipates continued growth and strong results due to its diversified platform and strategic partnerships.
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 Q2 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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