Group 1 - The focus is on growth and dividend income as a strategy for retirement planning [1] - The portfolio is structured to generate monthly dividend income that grows through reinvestment and annual increases [1] Group 2 - The article expresses personal opinions and is not intended as investment advice [2][3] - It emphasizes the importance of conducting individual research before making investment decisions [2]

Core Insights - The article emphasizes the importance of conducting personal in-depth research and due diligence before making investment decisions, highlighting the inherent risks involved in trading [3]. Company and Industry Summary - The analysis is intended solely for informational purposes and should not be interpreted as professional investment advice [3][4]. - There is a clear disclaimer regarding the lack of any stock or derivative positions in the companies mentioned, indicating a neutral stance from the analyst [2].

Financial Performance - The book value per common share decreased to $12.39 as of March 31, 2025, from $12.56 as of December 31, 2024, primarily due to a net income of $36.5 million and a dividend of $132.5 million for the three months ended March 31, 2025 [397]. - For the three months ended March 31, 2025, net income attributable to common stockholders was $36.5 million, a decrease of $226.7 million or approximately 86% compared to the prior quarter [509]. - Servicing revenue, net decreased by $1.1 billion to $28.9 million, primarily due to a $1.1 billion decrease in the fair value of the MSRs portfolio [512]. - Asset management revenues for the three months ended March 31, 2025, were $87.7 million, primarily driven by management fees and incentive income [499]. - Asset management revenues decreased by $171.2 million in Q1 2025 compared to the prior quarter, primarily due to the timing of incentive income crystallizations [524]. Economic Environment - The U.S. economy contracted by an annualized 0.3% in the first quarter of 2025, influenced by a surge in imports ahead of tariff impositions [399]. - The unemployment rate increased slightly to 4.2% in March 2025 from 4.1% in December 2024, with average payroll growth at 152,000 jobs per month in Q1 2025 [402]. - The nominal 10-year Treasury yield fell to 4.23% at the end of March 2025 from 4.58% in December 2024, reflecting lower real yields from Treasury Inflation Protected Securities (TIPS) [401]. - The 12-month increase in the overall Consumer Price Index (CPI) was 2.4% in March 2025, down from 2.9% in December 2024, signaling progress towards lower inflation [400]. - The overall economic outlook is uncertain due to changes in policies related to global trade, despite signs of labor market stability [399]. Company Operations - Rithm Capital's investment strategy includes exploring acquisitions and dispositions of assets, financing transactions, and other value-creating opportunities [395]. - The company operates through segments including Origination and Servicing, Investment Portfolio, Residential Transitional Lending, and Asset Management [407]. - The company has several wholly-owned subsidiaries providing various services in the mortgage and real estate sectors, enhancing its operational capabilities [440]. - The company has a multi-channel residential lending platform, providing a competitive advantage in originating both purchase and refinance loans across different market conditions [410]. Mortgage and Servicing Portfolio - As of March 31, 2025, Newrez serviced over 3.7 million customers with an aggregated unpaid principal balance (UPB) of approximately $786.6 billion, compared to $778.4 billion as of December 31, 2024 [410]. - The total servicing portfolio reached $844.9 billion UPB as of March 31, 2025, an increase of $1.0 billion from December 31, 2024 [412]. - The performing loan servicing division serviced $516.8 billion UPB of loans, while the special servicing division serviced $269.7 billion UPB of loans as of March 31, 2025 [412]. - The total UPB of MSRs and MSR financing receivables as of March 31, 2025, is $591.1 billion, with a carrying value of $10.1 billion [430]. - The delinquency rate for GSE loans is 0.3%, while the non-agency loans have a delinquency rate of 2.3% [432]. Financing and Liquidity - As of March 31, 2025, Rithm Capital had approximately $1.3 billion of available liquidity at NRM and Newrez, with $0.8 billion in excess of new regulatory liquidity requirements [541]. - Total outstanding debt obligations amounted to $32.5 billion as of March 31, 2025, including secured financing agreements and unsecured notes [545]. - Rithm Capital has margin exposure on $16.8 billion of secured financing agreements, which could significantly impact liquidity if collateral values decline [546]. - The total borrowing capacity under secured financing arrangements was $25.5 billion, with $11.6 billion of available financing [557]. - The company expects its cash on hand, cash flow from operations, and ability to refinance secured financing agreements to meet liquidity needs for the next 12 months [559]. Dividends and Shareholder Returns - Preferred dividends declared for the quarter ended March 31, 2025, were $27.3 million [567]. - Common dividends declared for the three months ended March 31, 2025, were $132.5 million [571]. Loan Origination and Performance - The origination business funded $11.8 billion in mortgages for the three months ended March 31, 2025, down from $17.3 billion in the prior quarter [418]. - Funded loan origination volume for Q1 2025 was $11.8 billion, down from $17.3 billion in the prior quarter, with refinance volume at 27.0%, down from 28.9% [519]. - Gain on originated residential mortgage loans as a percentage of pull through adjusted lock volume increased to 1.23% in Q1 2025, compared to 1.14% in the prior quarter [519]. - Refinance originations comprised 27.0% of funded loans for the three months ended March 31, 2025, down from 28.9% in the prior quarter due to lower refinance activity as interest rates remained elevated [417].

Group 1 - Rithm (RITM) is a stock that has shown better year-to-date performance compared to its Finance sector peers, returning approximately 1.3% against the sector average of 0.8% [4] - The Zacks Rank system indicates that Rithm has a current rank of 2 (Buy), reflecting a positive earnings outlook with a 4.2% increase in the consensus estimate for full-year earnings over the past three months [3] - Rithm belongs to the Financial - Miscellaneous Services industry, which has underperformed with an average loss of 12% year-to-date, further highlighting Rithm's relative strength [6] Group 2 - Banco Comercial Portugues S.A. Unsponsored ADR (BPCGY) is another Finance stock that has outperformed the sector, with a year-to-date return of 23% and a Zacks Rank of 2 (Buy) [4][5] - The Banks - Foreign industry, to which Banco Comercial Portugues belongs, has performed well with a 14.5% increase year-to-date, ranking 16 among industries [7]

Financial Data and Key Metrics Changes - Earnings available for distribution (EAD) was $0.52 per diluted share, representing an 8% year-over-year growth, marking the 22nd consecutive quarter where EAD exceeded common dividends paid [17] - GAAP net income was $36.5 million or $0.07 per diluted share, with a 2% return on equity [17] - Book value at the end of the quarter was $12.39, with the company trading at $10.40, indicating that equity is perceived as severely undervalued [19][30] Business Line Data and Key Metrics Changes - Genesis Capital produced nearly $1 billion in production, reflecting a 7% increase year-over-year [20] - Sculptor's asset management business reported $35 billion of assets under management (AUM) with $1.4 billion of gross inflows across the platform [21] - Newrez, as the third-largest servicer and fifth-largest originator, had a funded volume of just under $12 billion, generating $270 million of pre-tax income [23][43] Market Data and Key Metrics Changes - The company has over $80 billion of assets under management, with significant growth in various sectors including real estate, credit, energy, and infrastructure [15][16] - The servicing portfolio at Newrez is approximately $850 billion, which includes $509 billion of owned mortgage servicing rights (MSRs) [47] Company Strategy and Development Direction - The company aims to grow off-balance sheet capital and expand investment verticals, including energy transition and infrastructure funds [26][27] - There is a focus on building partnerships with limited partners (LPs) to enhance capital raising efforts and improve overall business performance [27][73] - The company is exploring various capital actions to unlock shareholder value, including potential public listings and restructuring [59][113] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating market volatility, emphasizing the importance of performance and risk management [6][7] - The outlook for the asset management business remains positive, with expectations of continued inflows and strong performance across various funds [37][80] - Management is optimistic about the potential for acquisitions in both the mortgage and asset management sectors, particularly in light of lower valuations in the current market [68][69] Other Important Information - The company is rolling out MSR funds, which are expected to attract significant demand in the marketplace [12][85] - The SPAC initiative aims to generate asset management fees and create off-balance sheet investment opportunities [40][108] Q&A Session Summary Question: Update on the Cooper Rocket transaction and its impact on Newrez - Management indicated that it would be business as usual for Newrez, with potential opportunities for subservicing arising from the transaction [56] Question: Thoughts on potential acquisition opportunities - Management confirmed an active M&A pipeline, particularly in the mortgage and asset management spaces, with a focus on scaling the credit business [68][69] Question: Fundraising activity and LP appetite amid volatility - Management reported strong fundraising momentum and emphasized the importance of building relationships with LPs for future success [72][73] Question: Performance and returns at Sculptor - Management highlighted strong performance across the credit and real estate businesses, with significant commitments in the real estate fund [80][81] Question: Insights on the securitization market amid volatility - Management noted that the market remains open for deals, with opportunities arising from wider spreads [95][96] Question: Update on the SPAC vehicle and its strategic rationale - Management explained that the SPAC provides a low-cost option for generating asset management fees and deploying capital effectively [108] Question: Potential structural changes to unlock value - Management is exploring various options, including the possibility of transitioning to a C-Corp structure to enhance valuation [127][130]

Rithm Capital Quarterly Supplement Q1 2025 Q1 2025 Quarterly Supplement Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." FORWARD-LOOKING STATEMENTS. Certain statements regarding Rithm Capital Corp. (together with its subsidiaries, "Rithm," "Rithm Capital," the "Company" or "we") in this Presentation may constitute ...

Financial Data and Key Metrics Changes - Earnings available for distribution (EAD) was $0.52 per diluted share, representing an 8% year-over-year growth, marking the 22nd consecutive quarter where EAD exceeded common dividends paid [17] - GAAP net income was $36.5 million or $0.07 per diluted share, with a 2% return on equity [17] - Book value at the end of the quarter was $12.39, with the company trading at $10.40, indicating that equity is perceived as severely undervalued [19][30] Business Line Data and Key Metrics Changes - Genesis Capital produced nearly $1 billion in production, a 7% increase year-over-year, with 33 new sponsors added in the quarter [20][34] - Sculptor's asset management business reported $35 billion of assets under management (AUM) with $1.4 billion of gross inflows across the platform [21][37] - Newrez, as the third-largest servicer and fifth-largest originator, generated $270 million of pre-tax income with a funded volume of nearly $12 billion [23][43] Market Data and Key Metrics Changes - The company has over $80 billion of assets under management, with significant growth in the mortgage servicing and asset management sectors [15][16] - The servicing portfolio for Newrez is approximately $850 billion, which includes $509 billion of owned mortgage servicing rights (MSRs) [47] Company Strategy and Development Direction - The company aims to grow off-balance sheet capital and expand investment verticals, including energy transition and infrastructure funds [26][27] - There is a focus on building partnerships with limited partners (LPs) to enhance capital raising efforts and improve overall business performance [28][72] - The company is exploring various capital actions to unlock shareholder value, including potential public listings and restructuring [59][113] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating market volatility, emphasizing the importance of performance and risk management [6][7] - The outlook for the asset management business remains positive, with expectations for continued fundraising momentum despite market conditions [72][104] - Management is optimistic about the potential for acquisitions in both the mortgage and asset management sectors, particularly in light of lower valuations [68][70] Other Important Information - The company is rolling out MSR funds, which are expected to attract significant demand in the marketplace [12][85] - The SPAC initiative aims to generate asset management fees and create off-balance sheet investment opportunities [40][108] Q&A Session Summary Question: Update on the Cooper Rocket transaction and its impact on Newrez - Management indicated that it would be business as usual for Newrez, with potential opportunities for subservicing arising from the transaction [56] Question: Thoughts on potential acquisition opportunities - Management confirmed an active M&A pipeline, particularly in the mortgage and asset management spaces, with a focus on scaling the credit business [68][70] Question: Fundraising activity and LP appetite amid volatility - Management reported strong brand recognition and active fundraising efforts, emphasizing the importance of partnerships with LPs [72][74] Question: Performance and returns at Sculptor - Management highlighted strong performance across the credit and real estate businesses, with significant commitments in the real estate fund [80][82] Question: Insights on MSR funds and expected returns - Management noted that the MSR funds are still in development, with anticipated demand and returns to be determined [85] Question: Credit performance within the Genesis portfolio - Management reported steady performance with low delinquency rates, emphasizing disciplined underwriting practices [92] Question: Market conditions for securitization - Management indicated that the market remains open for deals, with opportunities arising from wider spreads [96][97] Question: Update on Sculptor's fundraising targets - Management stated that multiple funds are in the market, focusing on credit, real estate, and energy infrastructure [106] Question: Motivation behind the SPAC vehicle - Management explained that the SPAC provides a low-cost option for generating asset management fees and deploying capital [108] Question: Triggers for potential listing of Newrez - Management expressed hope for capital actions in 2025, driven by performance improvements and market conditions [114]

For the quarter ended March 2025, Rithm (RITM) reported revenue of $768.38 million, down 40.3% over the same period last year. EPS came in at $0.52, compared to $0.48 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.13 billion, representing a surprise of -31.84%. The company delivered an EPS surprise of +15.56%, with the consensus EPS estimate being $0.45.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

Rithm (RITM) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.56%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.45 per share when it actually produced earnings of $0.60, delivering a surprise of 33.33%.Over the last four quarters, t ...

Exhibit 99.1 Rithm Capital Corp. Announces First Quarter 2025 Results NEW YORK - (BUSINESS WIRE) — Rithm Capital Corp. (NYSE: RITM; "Rithm Capital," "Rithm" or the "Company") today reported the following information for the first quarter ended March 31, 2025: "Rithm delivered strong performance in the first quarter despite a challenging macroeconomic environment, demonstrating the power of our diversified platform," said Michael Nierenberg, Chief Executive Officer and President of Rithm. "The quarter was ma ...