Rithm Capital Corp. (NYSE: RITM) announced its financial results for the fiscal quarter ended September 30, 2026, in a press release filed with the SEC on October 23, 2026. The company reported GAAP net income of $217.1 million, or $0.38 per diluted common share, representing a significant increase from the $20.2 million ($0.04 per share) reported in the prior quarter.
Management highlighted the performance of its operating subsidiaries. Newrez, the company's mortgage origination and servicing platform, generated pre-tax operating income of $329.7 million in Q3 2026, up from $307.6 million in Q2 2026. The platform achieved an annualized operating return on equity of 24% on $5.5 billion of average ending segment equity.
In the residential transitional lending sector, Genesis Capital LLC originated $1.5 billion of residential transition loans (RTLs) in Q3 2026, a 25% year-over-year increase. Additionally, the company completed its inaugural securitization collateralized entirely by multifamily RTLs, totaling $375 million.
On the asset management front, Rithm Asset Management reported approximately $61 billion in assets under management (AUM) as of September 30, 2026. The platform secured $569 million in gross new capital and fund commitment inflows during the quarter, bringing year-to-date gross inflows to $2.9 billion.
Elecor Properties, the company's office property owner and operator, expanded its third-party capital base by executing a joint venture for ownership of 1301 Avenue of the Americas in New York City. The company also closed a $515 million refinancing of 31 West 52nd Street.
Rithm Capital declared a common dividend of $0.25 per share, totaling $139.6 million. The company also reported earnings available for distribution of $315.3 million, or $0.55 per diluted common share.
