In the latest trading session, Rithm (RITM) closed at $10.67, marking a -0.28% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.09%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq decreased by 0.1%.Prior to today's trading, shares of the real estate investment trust had gained 0.56% over the past month. This has outpaced the Finance sector's loss of 4.24% and the S&P 500's loss of 0.29% in that time.Analysts and investors al ...

The most recent trading session ended with Rithm (RITM) standing at $11.16, reflecting a +0.09% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily loss of 0.54%. At the same time, the Dow lost 0.53%, and the tech-heavy Nasdaq lost 0.66%.Coming into today, shares of the real estate investment trust had gained 3.82% in the past month. In that same time, the Finance sector gained 0.08%, while the S&P 500 gained 1.5%.The upcoming earnings release of Rithm wi ...

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Shares of Rithm Capital Corp. (RITM) have gained 3.3% since it reported better-than-expected third-quarter 2024 earnings on Oct. 29, 2024, driven by an improving performance in its Mortgage Loans Receivable business and solid Asset Management unit.Higher interest income was a key contributor to third-quarter growth, though rising expenses and declining servicing revenues partially offset these gains. Still, Rithm’s expanding Newrez business and strategic initiatives are expected to boost the market share of ...

For the quarter ended September 2024, Rithm (RITM) reported revenue of $619.51 million, down 43.1% over the same period last year. EPS came in at $0.54, compared to $0.58 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.11 billion, representing a surprise of -44.39%. The company delivered an EPS surprise of +25.58%, with the consensus EPS estimate being $0.43. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Financial Data and Key Metrics Changes - For Q3 2024, GAAP net income was $97 million, or $0.20 per diluted share, while earnings available for distribution were $270 million, or $0.54 per diluted share, reflecting a return on equity of 18% [17] - Book value increased by 8% since 2021, closing the quarter at $6.4 billion, or $12.31 per common share, with current estimates around $12.5 [16][17] - The company has $2 billion in cash and liquidity on its balance sheet as of the end of the quarter [17] Business Line Data and Key Metrics Changes - Newrez maintained its position as the second largest non-bank servicer with over $755 billion in notional UPB serviced and was the fifth largest lender with a 3.4% market share [33] - Genesis Capital reported a record quarter, with production numbers expected to close the year between $3.5 billion and $4 billion, up from $2 billion [23] - Sculptor, acquired less than a year ago, is seeing strong performance across its verticals, with significant fundraising efforts underway [11] Market Data and Key Metrics Changes - The company manages $80 billion in assets and has a servicing portfolio of approximately $875 billion [13] - The origination business reported $41 billion in origination through Q3, higher than all of 2023 [23] - The company noted low delinquency rates and high sponsor growth within its portfolio [24] Company Strategy and Development Direction - The company aims to grow assets under management (AUM) while prioritizing performance across all business lines [14] - There is a focus on expanding direct lending capabilities and exploring new market opportunities, particularly in private capital [15][21] - The company is strategically repositioning Great Ajax to focus on opportunistic investments in commercial real estate [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of consumer credit, noting no significant deterioration despite mixed signals in the market [30][56] - The company is closely monitoring macroeconomic factors, including inflation and potential impacts from the upcoming election, while maintaining a cautious approach to capital deployment [27][72] - Management believes that current capital deployment in real estate will yield significant rewards in the future [26] Other Important Information - The company raised $300 million in equity to support growth and M&A activities, having deployed $5.8 billion since 2021 without raising equity prior [8][20] - The company is focused on maintaining operational efficiency and flexibility in its origination and servicing operations [38] Q&A Session Summary Question: Thoughts on potentially listing part of Newrez - Management indicated that a potential public listing of Newrez could occur in 2025, depending on market conditions and equity pricing [46] Question: Update on book value in October - Book value is approximately $12.5 [47] Question: Residential volume refinance activity - Refinance volume was close to 30% of overall production, with expectations to normalize [48] Question: Performance fees in Q4 for Sculptor - Management expects to see performance fees in Q4, with potential lumpiness in earnings as AUM grows [49][50] Question: Flexibility to repurpose capital from Newrez - Management confirmed the ability to redeploy capital across segments as needed [52] Question: Perspectives on consumer credit - The servicing portfolio remains in good shape, with manageable delinquency rates [56] Question: Recent net flow picture for Sculptor - AUM has increased to approximately $34 billion, with strong performance across various strategies [60] Question: Direct lending expansion - The company is exploring partnerships and opportunities in direct lending, particularly in the credit space [65] Question: Expectations for sustainable operating ROEs - Management aims for mid-teens returns, consistent with historical performance [68] Question: Election implications for Rithm - Management anticipates potential volatility but believes a divided government may mitigate extreme policy changes [70][72] Question: Dividend payout considerations - Management is cautious about raising dividends, focusing on long-term capital deployment for growth [78] Question: Operational flexibility in origination - The company has significant operational headroom to manage varying origination volumes [81] Question: Growth opportunities in the wholesale channel - Management sees potential for growth in the wholesale channel through technology upgrades and disciplined capital deployment [84]

Financial Performance - Rithm reported GAAP Net Income of $97 million, or $0.20 per diluted share, representing a 6% Return on Equity[5] - Earnings Available for Distribution (EAD) was $270.3 million, or $0.54 per diluted share, an 18% Return on Equity[5] - The company maintains a strong cash position with $2 billion in cash and liquidity[5] - Book value per share stands at $12.31[5], a slight decrease of 0.6% QoQ[85] Business Segments - Newrez's servicing portfolio has a Q3'24 Rithm Portfolio Servicing UPB of $755 billion[20] - Genesis Capital's Q3'24 originations reached $761 million, marking a near-record quarter[67] and YTD origination volume of $2.432 billion[67] - Sculptor manages $34 billion in Assets Under Management (AUM)[3, 27] Strategic Initiatives - Rithm has deployed approximately $5.8 billion in capital since 2021 to drive growth and diversify earnings[10] - The company's total servicing portfolio reached $878 billion[3, 37] - Newrez achieved a 23% ROE YTD, driven by strategic acquisitions and platform execution[47]

Exhibit 99.1 https://files.reporti Rithm Capital Corp. Announces Third Quarter 2024 Results NEW YORK - (BUSINESS WIRE) — Rithm Capital Corp. (NYSE: RITM; "Rithm Capital," "Rithm" or the "Company") today reported the following information for the third quarter ended September 30, 2024: Third Quarter 2024 Financial Highlights: (1) • GAAP net income of $97.0 million, or $0.20 per diluted common share • Earnings available for distribution of $270.3 million, or $0.54 per diluted common share • Common dividend of ...

Group 1 - Analysts project Rithm (RITM) will announce quarterly earnings of $0.43 per share, a decline of 25.9% year over year, with revenues expected to reach $1.11 billion, an increase of 2.3% from the same quarter last year [1] - There has been a downward revision of 2.8% in the consensus EPS estimate for the quarter over the past 30 days, indicating a collective reassessment by analysts [2] - Revisions to earnings estimates are crucial for predicting potential investor actions, as empirical research shows a strong correlation between earnings estimate trends and short-term stock price performance [3] Group 2 - Analysts estimate 'Revenues- Interest income' at $487.76 million, reflecting a change of +2.3% from the prior-year quarter [5] - 'Revenues- Servicing revenue, net' is projected to be $314.63 million, indicating a decline of -32.1% from the prior-year quarter [5] - 'Revenues- Gain on sale of originated mortgage loans, net' is expected to reach $168.06 million, suggesting a change of +12.6% year over year [6] Group 3 - Over the past month, Rithm shares have recorded returns of -7.4%, while the Zacks S&P 500 composite has changed by +2% [6] - Based on its Zacks Rank 4 (Sell), RITM is likely to underperform the overall market in the upcoming period [6]