Rithm Capital (US:RITM)2024-10-29 11:39Financial 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]