RITM Profile
Rithm Capital Corp. is a prominent investment firm focused on providing capital and strategic services to the real estate and financial services sectors across the United States. The company’s diversified investment portfolio includes mortgage servicing-related assets, residential securities and loans, as well as consumer loans. This broad range of assets enables Rithm Capital to engage in various financial activities and capitalize on opportunities within both the real estate and financial markets.
As a real estate investment trust (REIT), Rithm Capital Corp. benefits from a tax-efficient structure, allowing it to avoid federal corporate income taxes provided it distributes at least 90% of its taxable income to its shareholders. This REIT designation supports the company's strategy of focusing on income-generating investments and distributing a substantial portion of its earnings to investors. By adhering to REIT regulations, Rithm Capital aligns its operations with tax-efficient practices that benefit both the company and its stockholders.
The company’s investments span a variety of asset classes, including mortgage servicing rights, which involve managing and servicing residential mortgage loans; residential securities and loans, which include investments in mortgage-backed securities and loans; and consumer loans, which cover personal lending products. This asset diversification supports Rithm Capital’s strategy of achieving stable returns and managing risk across its investment portfolio.
Incorporated in 2011 and headquartered in New York, New York, Rithm Capital Corp. was formerly known as New Residential Investment Corp. The company rebranded to Rithm Capital Corp. in August 2022 to better reflect its evolving business focus and strategic direction. With a solid foundation in real estate and financial services investments, Rithm Capital continues to pursue growth opportunities and enhance shareholder value through its diversified investment strategies and capital management practices.
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