Rithm Capital Corp. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$RITM
Real Estate Investment Trusts
Real Estate
Get the next $RITM alert in real time by email
ritm-20250206
0001556593false00015565932025-02-062025-02-060001556593us-gaap:CommonStockMember2025-02-062025-02-060001556593ritm:SevenPointFivePercentSeriesAFixedToFloatingRateCumulativeRedeemablePreferredStockMember2025-02-062025-02-060001556593ritm:SevenPointOneTwoFivePercentSeriesBFixedToFloatingRateCumulativeRedeemablePreferredStockMember2025-02-062025-02-060001556593ritm:SixPointThreeSevenFivePercentSeriesCFixedRateResetCumulativeRedeemablePreferredStockMember2025-02-062025-02-060001556593ritm:SevenPercentFixedRateResetSeriesDCumulativeRedeemablePreferredMember2025-02-062025-02-06

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): February 6, 2025

Rithm Capital Corp.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation)
001-3577745-3449660
(Commission File Number)(IRS Employer Identification No.)
799 BroadwayNew YorkNew York10003
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code (212) 850-7770

    
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:Trading Symbols:Name of each exchange on which registered:
Common Stock, $0.01 par value per shareRITMNew York Stock Exchange
7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred StockRITM PR ANew York Stock Exchange
7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred StockRITM PR BNew York Stock Exchange
6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred StockRITM PR CNew York Stock Exchange
7.00% Fixed-Rate Reset Series D Cumulative Redeemable Preferred StockRITM PR DNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐





Item 2.02.    Results of Operations and Financial Condition.
On February 6, 2025, Rithm Capital Corp. (the “Company”) issued a press release announcing the Company’s results for its fiscal quarter and year ended December 31, 2024. A copy of the Company’s press release is attached to this Current Report on Form 8-K (the “Current Report”) as Exhibit 99.1 and is incorporated herein solely for purposes of this Item 2.02 disclosure.

The press release is being furnished, not filed, pursuant to this Item 2.02 of this Current Report and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, unless expressly set forth as being incorporated by reference into such filing.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits

Exhibit
Number
Description
Press release, dated February 6, 2025, issued by Rithm Capital Corp.
104Cover Page Interactive Data File — the cover page XBRL tags are embedded within the Inline XBRL document.




SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RITHM CAPITAL CORP.
(Registrant)
/s/ Nicola Santoro, Jr.
Nicola Santoro, Jr.
Chief Financial Officer and Chief Accounting Officer
Date: February 6, 2025




Get the next $RITM alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$RITM

DatePrice TargetRatingAnalyst
12/6/2023$12.50Buy
UBS
12/16/2022$12.00Buy
B. Riley Securities
9/30/2022$10.00 → $9.00Underweight → Neutral
Piper Sandler
More analyst ratings

$RITM
Press Releases

Fastest customizable press release news feed in the world

See more
  • KBRA Assigns Preliminary Ratings to New Residential Mortgage Loan Trust 2025-NQM2 (NRMLT 2025-NQM2)

    KBRA assigns preliminary ratings to 8 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2025-NQM2 (NRMLT 2025-NQM2), a $325.7 million non-prime RMBS transaction sponsored by Rithm Capital Corp. (formerly New Residential Investment Corp.), a publicly traded (NYSE:RITM) real estate investment trust (REIT). The underlying mortgages in the subject pool were originated by Champions Funding, LLC (43.5%) and NewRez LLC (41.5%). In addition, all loans will be serviced by Shellpoint Mortgage Servicing, a brand of NewRez LLC. NRMLT 2025-NQM2 is collateralized by a pool of 631 residential mortgages. Borrowers in NRMLT 2025-NQM2 possess a non-zero WA original credit score of 74

    $RITM
    Real Estate Investment Trusts
    Real Estate
  • Rithm Capital Announces Close of Largest Ever Mortgage Servicing Rights Debt Issuance, NZES 2025-FHT1

    Non-recourse $878 Million Note Sets New Benchmark for Innovation in MSR Financing Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company")) today announced it has successfully closed NZES 2025-FHT1, an $878 million mortgage servicing rights (MSR) backed securitized note. The single-tranche transaction is the largest MSR debt issuance ever, marking a significant milestone in the evolution of MSR-backed financing structures. The market's second-ever non-recourse MSR securitization, NZES 2025-FHT1 provides fixed financing over the term of the expected life of the assets of 3 years. It builds on the Company's track record of pioneering structured MSR financings and follows

    $RITM
    Real Estate Investment Trusts
    Real Estate
  • Rithm Capital Corp. Declares First Quarter 2025 Common and Preferred Dividends

    Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company")) announced today that its Board of Directors (the "Board") has declared first quarter 2025 common and preferred stock dividends. Common Stock Dividend The Board declared a dividend of $0.25 per share of common stock for the first quarter 2025. The first quarter common stock dividend is payable on April 30, 2025, to shareholders of record on March 31, 2025. Preferred Stock Dividends In accordance with the terms of Rithm Capital's Series A Cumulative Redeemable Preferred Stock ("Series A"), the Board declared a Series A dividend for the first quarter 2025 of $0.6419490 per share, which reflects a rate of 10.387%. The Series

    $RITM
    Real Estate Investment Trusts
    Real Estate

$RITM
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$RITM
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$RITM
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$RITM
SEC Filings

See more

$RITM
Leadership Updates

Live Leadership Updates

See more
  • Great Ajax Corp. Announces Record Date for Stockholders Meeting to Approve Strategic Transaction With Rithm Capital Corp.

    Great Ajax Corp. (NYSE:AJX, the "Company"))), a real estate investment trust, announced today that its board of directors has fixed a record date of April 22, 2024 for its 2024 meeting of stockholders (the "Meeting") to, among other things, consider and vote upon certain matters relating to the previously announced strategic transaction (the "Transaction") by and between the Company and Rithm Capital Corp. (together with its subsidiaries, "Rithm"). At the Meeting, the Company will seek stockholder approval for the following actions: (1) the issuance of common stock to certain exchanging investors in excess of the 19.99% cap imposed by the New York Stock Exchange rules; (2) the issuance of

    $AJX
    $RITM
    Real Estate Investment Trusts
    Real Estate

$RITM
Financials

Live finance-specific insights

See more
  • Rithm Capital Announces Close of Largest Ever Mortgage Servicing Rights Debt Issuance, NZES 2025-FHT1

    Non-recourse $878 Million Note Sets New Benchmark for Innovation in MSR Financing Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company")) today announced it has successfully closed NZES 2025-FHT1, an $878 million mortgage servicing rights (MSR) backed securitized note. The single-tranche transaction is the largest MSR debt issuance ever, marking a significant milestone in the evolution of MSR-backed financing structures. The market's second-ever non-recourse MSR securitization, NZES 2025-FHT1 provides fixed financing over the term of the expected life of the assets of 3 years. It builds on the Company's track record of pioneering structured MSR financings and follows

    $RITM
    Real Estate Investment Trusts
    Real Estate
  • Rithm Capital Corp. Declares First Quarter 2025 Common and Preferred Dividends

    Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company")) announced today that its Board of Directors (the "Board") has declared first quarter 2025 common and preferred stock dividends. Common Stock Dividend The Board declared a dividend of $0.25 per share of common stock for the first quarter 2025. The first quarter common stock dividend is payable on April 30, 2025, to shareholders of record on March 31, 2025. Preferred Stock Dividends In accordance with the terms of Rithm Capital's Series A Cumulative Redeemable Preferred Stock ("Series A"), the Board declared a Series A dividend for the first quarter 2025 of $0.6419490 per share, which reflects a rate of 10.387%. The Series

    $RITM
    Real Estate Investment Trusts
    Real Estate
  • Rithm Capital Corp. Announces a Redemption of $50 million of 7.50% Series A Fixed‑to‑Floating Rate Cumulative Redeemable Preferred Stock

    Rithm Capital Corp. (NYSE:RITM; "Rithm Capital" or the "Company"), "Rithm Capital" or the "Company") announced today that it will redeem $50,000,000, or 2,000,000 shares, of the Company's outstanding 6,210,000 shares of 7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series A Shares") at a redemption price equal to $25.00 per Series A Share in cash, plus $0.274091 per Series A Share of accumulated and unpaid distributions thereon to, but not including, the redemption date of March 28, 2025 (the "Redemption"). The Series A Shares trade under the ticker symbol "RITM PR A." A Notice of Partial Redemption for the Series A Shares describing the Redemption proc

    $RITM
    Real Estate Investment Trusts
    Real Estate

$RITM
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more