NYSE$RITM

New Residential Investment Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

New Residential reported strong results for Q4 2019, driven by its diversified mortgage platform.

New Residential Investment Corp. reported a GAAP Net Income of $211.8 million, or $0.51 per diluted common share, and Core Earnings of $255.4 million, or $0.61 per diluted common share for the fourth quarter of 2019. The company's full mortgage platform delivered strong results, with a focus on strategically growing the platform and delivering stable returns to shareholders.

  • GAAP Net Income was $211.8 million, or $0.51 per diluted common share.
  • Core Earnings reached $255.4 million, or $0.61 per diluted common share.
  • A common dividend of $207.8 million, or $0.50 per common share, was declared.
  • The book value per common share was $16.21.

Headline financials

Total Revenue

$216M

Previous: $266M-18.8%
EPS (adj)

$0.61

Previous: $0.58+5.2%
Total Servicing UPB

$219B

Previous: $0.00
Origination Funded Production Volume

$10.6B

Previous: $0.00
Net Income

$230M

Previous: $348K+66101.4%
Operating Income

$253M

No prior period
Gross Profit

$312M

Previous: $146M+114.3%
Cash & Equivalents

$529M

Previous: $251M+110.6%
Total Assets

$44.9B

Previous: $31.7B+41.6%

Revenue & EPS history

NRZ · Revenue · Quarterly

$216M

Q4 2019-18.8%vs Q4 2018
Beat estimate in 2 of 16 quarters(13%)
ActualEstimate

Revenue by segment

NRZ · $54.7M total across 2 segments · Q4 2019

  • Corporate Category
    $37.3M
  • Origination and Servicing
    $17.3M

Forward guidance

Company is excited about positioning and continue to be focused on executing on key business initiatives.

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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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