Rithm Capital Q2: Distributable Earnings Hit $0.60/Share, AUM Climbs to $61B, Genesis Originations Jump 52%
RITM is trading near its 52-week low of $8.43 (11% above the low).
Summary
Rithm Capital posted Q2 2026 distributable earnings of $0.60 per share, comfortably exceeding the $0.25 dividend, while Genesis achieved record origination volume and AUM expanded to $61 billion.
Key Events · Earnings and Guidance · RITM
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Earnings Available for Distribution of $0.60/Share
Non-GAAP earnings available for distribution came in at $338.9 million, or $0.60 per diluted share, easily covering the $0.25 quarterly dividend and improving from $0.51 in Q1 2026.
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Asset Management AUM Reaches $61 Billion
Driven by $1.9 billion in gross inflows and new fund commitments, AUM grew to $61 billion from $59 billion at the end of Q1. Asset management revenue jumped 34% quarter-over-quarter to $141 million, fueled by higher incentive fees.
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Genesis Capital Record Originations
The residential transitional lending platform originated $1.9 billion in Q2, a 52% year-over-year increase that marks another record quarter. Genesis also expanded its sponsor base by 125 new sponsors.
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Newrez 22% Annualized Operating ROE
Excluding MSR MTM and hedges, Newrez generated pre-tax operating income of $307.6 million, translating to a 22% annualized operating return on equity on $5.7 billion of average segment equity.
Analysis · RITM · Real Estate & Construction
Second-quarter results reveal a stark gap between GAAP net income of $0.04 per share and earnings available for distribution of $0.60 per share, largely due to non-cash MSR markdowns. The owner-operator model is performing across the board: asset management AUM rose to $61 billion on robust inflows, Newrez delivered a 22% annualized operating ROE, and Genesis Capital set a new origination record. With book value per share at $12.33—well above the current stock price—the market may be underestimating the platform's earnings power.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.1% of the 1612 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, RITM was trading at $9.34 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $5.2B. The 52-week trading range was $8.43 to $12.74. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.