Rithm Capital stock rises nearly 3% on Q3 beat driven by strong asset management

Rithm Capital Corp., traded under the symbol RITM on the New York Stock Exchange, reported impressive financial results for the third quarter of 2026. Earnings per share came in at $0.55, surpassing the analyst consensus of $0.49 by $0.06. Revenue for the quarter reached $1.76 billion, a 37% increase from the $1.28 billion recorded in the previous quarter. This surge in performance drove shares of Rithm Capital up 2.72% in pre-market trading.

The company's asset management arm managed a substantial $61 billion in assets under management. Additionally, Rithm attracted $569 million in gross new capital inflows during the quarter. Newrez, a subsidiary of Rithm, achieved an operating return on equity of 24% on an annualized basis. Meanwhile, Genesis Capital reported a $1.5 billion origination volume, a 25% year-over-year increase.

CEO Michael Nierenberg emphasized that Rithm's strong third quarter results were a testament to disciplined execution across the entire platform. The company focused on scaling its asset management business, launching new funds, and building a more resilient, fee-based earnings stream. Genesis Capital's pre-tax operating income amounted to $329.7 million, excluding mortgage servicing rights mark-to-market gains and other non-operating items.

The total servicing unpaid principal balance rose to $878.9 billion at the end of the quarter, encompassing $282.8 billion in third-party servicing.

Rithm also declared a common dividend of $0.25 per share for the quarter, maintaining consistency with the previous quarter's payout. The book value per common share stood at $12.51 as of September 30, 2026. This account was compiled with AI assistance and reviewed by an editor.