Rithm Capital reported second-quarter 2026 results with GAAP net income attributable to common stockholders of $20.2 million and earnings available for distribution of $338.9 million. The company declared a common dividend of $0.25 per share and reported book value per common share of $12.33 as of June 30, 2026. Asset management AUM reached approximately $61 billion driven by $1.9 billion of gross inflows in the quarter.

Financial Highlights

  • GAAP net income attributable to common stockholders: $20.2 million for Q2 2026.
  • Earnings available for distribution (non-GAAP): $338.9 million; $0.60 per diluted common share.
  • Common dividend declared: $139.6 million, or $0.25 per common share.
  • Book value per common share: $12.33 as of June 30, 2026.
  • Total revenues (consolidated): $1,282.3 million for the three months ended June 30, 2026 (as presented).

Business Highlights

  • Asset Management: Rithm Asset Management reported approximately $61 billion in assets under management as of June 30, 2026, up from $59 billion at March 31, 2026, driven by $1.9 billion of gross inflows and new fund commitments.
  • Commercial Real Estate: Elecor increased year-to-date leasing activity to 681,000 square feet with achieved rents 32% higher in New York City and 1% higher in San Francisco versus fiscal 2025; closed a $283 million refinancing of 1325 Avenue of the Americas via a broadly syndicated single-asset CMBS financing.
  • Investment Portfolio: Sponsored and completed three non-qualified mortgage securitizations totaling $1.4 billion UPB; acquired $303 million in home improvement loans under a forward flow agreement, totaling $970 million purchased through quarter-end; completed inaugural $316 million home improvement securitization.
  • Origination & Servicing: Newrez posted pre-tax operating income of $307.6 million in Q2 2026 (excluding MSR MTM loss, net of hedges, and other non-operating items) and generated a 22% annualized operating return on equity on $5.7 billion average ending segment equity; total servicing UPB reached $865.2 billion including $268.4 billion of third-party servicing.
  • Residential Transitional Lending: Genesis Capital recorded origination volume of $1.9 billion in Q2 2026 (a 52% year-over-year increase) and expanded its sponsor base, funding 125 new sponsors in the quarter (a 46% YoY increase).

Original SEC Filing:

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