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Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services in the United States. It operates through Origination and Servicing, Residential Transitional Lending, and Asset Management and Investment Portfolio. The company's investment portfolio primarily comprises of single-family rental properties, title, appraisal and property preservation and maintenance businesses; real estate securities, call rights, SFR properties, residential mortgage loans, collateralized loan obligations and consumer loans, excess mortgage servicing rights, servicer advance investments, and asset management related investments. It also provides government-sponsored enterprise (GSE) and government guaranteed loans; non-GSE or non-government guaranteed loans; and residential transitional lending. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as New Residential Investment Corp. and changed its name to Rithm Capital Corp. in August 2022. Rithm Capital Corp. was incorporated in 2011 and is based in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.9B | - | $681M | $-1.3B | 9.7% | -5.0% | -26.8% |
| 2024 | $3.0B | - | $932M | $-2.3B | 14.2% | 43.3% | 49.7% |
| 2023 | $2.1B | - | $622M | $694M | 10.8% | -40.7% | -34.8% |
| 2022 | $3.6B | - | $955M | $5.8B | 16.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,551.89 | 2,107.66 | 3,020.80 | 2,870.71 |
| Pretax Income | - | 1,262.80 | 752.83 | 1,208.81 | 806.38 |
| Tax Provision | - | 279.52 | 122.16 | 267.32 | 88.29 |
| Net Income | - | 954.52 | 622.26 | 931.50 | 681.45 |
| Net Income Common Stockholders | - | 864.79 | 532.68 | 835.05 | 567.20 |
| Interest Expense | - | 777.79 | 1,401.33 | 1,835.32 | 1,662.43 |
| Interest Income | - | 1,038.46 | 1,616.19 | 1,949.79 | 1,874.32 |
| Selling General And Administration | - | 1,498.10 | 1,022.40 | 1,409.12 | 1,632.52 |
| Normalized Income | - | 954.52 | 622.26 | 924.01 | 681.45 |
| Market Cap | 5,655.65 | 5,655.65 | 5,655.65 | 5,655.65 | 5,655.65 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Rithm Capital Corp.this co. | RITM | - | 8.30↓ discount | 0.80 | 9.7% | - |
| Apple Hospitality REIT, Inc. | APLE | $3.1B | 17.75 | 0.99 | 5.6% | 10.56 |
| Curbline Properties Corp. | CURB | $3.0B | 74.46 | 1.55 | 2.1% | 24.85 |
| Urban Edge Properties | UE | $2.7B | 32.46 | 2.36 | 7.3% | 14.89 |
| Highwoods Properties, Inc. | HIW | $2.6B |
| - |
| - |
| - |
| - |
| - |
| 16.50 |
| 1.12 |
| 6.8% |
| 10.10 |
| Four Corners Property Trust, Inc. | FCPT | $2.6B | 24.84 | 1.71 | 6.9% | 17.72 |
| Uniti Group Inc. | UNIT | $2.4B | 2.23 | 7.64 | 343.1% | 5.31 |
| DiamondRock Hospitality Company | DRH | $2.4B | 20.62 | 1.44 | 7.0% | 11.69 |
| Getty Realty Corp. | GTY | $2.0B | 25.54 | 1.89 | 7.4% | 16.00 |
| Peer Median | - | 22.73 | 1.63 | 7.0% | 13.29 | |