NYSE$RITM
New Residential Investment Corp · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
New Residential Investment Corp. reported a strong third quarter, driven by solid earnings in Origination and Servicing segments.
New Residential Investment Corp. reported a GAAP net income of $77.9 million, or $0.19 per diluted common share, and core earnings of $131.6 million, or $0.31 per diluted common share. The company's Origination and Servicing segments delivered over $340 million in pre-tax earnings.
- GAAP Net Income of $77.9 million, or $0.19 per diluted common share.
- Core Earnings of $131.6 million, or $0.31 per diluted common share.
- Common Dividend of $62.4 million, or $0.15 per common share.
- The servicing portfolio grew to $287.2 billion in UPB.
Headline financials
Revenue & EPS history
NRZ · Revenue · Quarterly
$685M
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
New Residential believes its investment portfolio is well positioned and intends to maintain high levels of cash to deploy opportunistically. Heading into the end of the year, the company is confident in its ability to grow book value and generate earnings for shareholders.
Tailwinds
- MSR portfolio stands to benefit as rates rise and multiples improve
- Maintain high levels of cash to deploy opportunistically
- Ability to grow book value
- Ability to generate earnings for our shareholders
- Annualized savings of approximately $50 million from all Q3’20 refinancing activity
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 Q3 2020
+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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