Rithm Capital Corp.

# Rithm Capital Corp. (RITM-PD)

Rithm Capital operates as a diversified asset manager and real estate investment trust focused on residential real estate, credit, and financial services. The company manages a portfolio spanning single-family rental properties, residential mortgage loans, real estate securities, and consumer and business purpose loans. Its business model centers on generating income through property ownership, mortgage servicing, lending activities, and asset management fees.

The company operates through four primary segments: Origination and Servicing, which originates and services residential mortgages; Investment Portfolio, which holds single-family rental properties and real estate securities; Residential Transitional Lending, which provides short-term financing; and Asset Management, which manages third-party capital. Supporting operations include title, appraisal, and property preservation services. As a REIT, the company is required to distribute at least 90 percent of its taxable income to shareholders and operates without federal corporate income tax liability on distributed earnings.

Rithm Capital maintains headquarters in New York, New York, and operates across the United States. The company was incorporated in 2011 and underwent a name change from New Residential Investment Corp. to Rithm Capital Corp. in August 2022, reflecting its evolution into a broader asset management platform beyond residential mortgage investments.