Q3 Results Show Newrez 24% Operating ROE, $5B Genesis Originations
RITM is trading near its 52-week low of $8.31 (4.6% above the low).
Summary
Rithm reported Q3 2026 results with the emphasis on fee-based and operating-unit momentum rather than headline GAAP figures. Newrez posted a 24% annualized operating ROE, Genesis originations reached $5.0B year-to-date, and the asset management arm closed new funds. The Elecor joint venture on a core NYC property signed 320K sq ft of leases, adding third-party capital and rental income visibility. This follows the 44% dividend hike to $0.36 a share reported October 22 and the October 2 DRA Advisors JV on 1301 Avenue of the Americas. The release carries no GAAP EPS, book value, or guidance detail, so the quarter's bottom line versus the $0.04 per share Q2 print and $12.33 book value is not yet established.
At the time of this announcement, RITM was trading at $8.70 on NYSE in the Finance sector, with a market capitalization of approximately $4.8B. The 52-week trading range was $8.31 to $12.15. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.