Rithm Capital (RITM) investor relations material

Executive summary

• Delivered strong Q1 2026 results with robust activity across all business lines, demonstrating franchise strength and operational resilience despite market volatility.

• Over $100 billion in investable assets, with $59–60B AUM and $53B on balance sheet, spanning credit, real estate, and multi-strategy investing.

• Platform includes Sculptor, Crestline, Elecor Properties, Newrez, and Genesis Capital, offering diversified asset management and recurring revenue streams.

• Rebranded Paramount Group to Elecor Properties, reflecting a renewed focus on Class A real estate in NY and San Francisco.

• Continued focus on performance-led growth, relationship building with LPs, and maximizing value for public equity holders.

Financial highlights

• Earnings available for distribution (EAD) of $0.51 per diluted share; $289.6 million in earnings; 17% ROE.

• GAAP net income of $67.8 million ($0.12 per diluted share), 4% ROE.

• Book value per share at $12.51; cash and liquidity at $1.4 billion.

• Dividend of $0.25 per share (10.5% yield); $139.6 million paid in Q1; $6.6 billion cumulative dividends since inception.

• $2 billion in securitizations and $3 billion invested in mortgage assets during the quarter.

Outlook and guidance

• Expect continued growth in ABF and credit, leveraging market dislocations and technology for operational efficiency.

• Genesis Capital projected to produce $6.5–$7 billion in loans and $150–$175 million EBITDA for 2026.

• Ongoing focus on growing asset management FRE and simplifying business structure.

• Positioned for market share growth in mortgage servicing and origination, with technology-first approach and AI integration.

• Management remains confident in the diversified owner-operator model to drive long-term value amid current market disruptions.