Rithm Capital Q2 profit falls
RITM•Outlook
The company said it is confident in its positioning amid an uncertain macro environment.
Result drivers
- Asset management growth - Asset management revenue rose 34% quarter over quarter to $141 mln, driven by higher incentive fee income and $1.9 bln in gross inflows
- Genesis origination record - Genesis Capital posted record origination volume of $1.9 bln, a 52% increase year over year, and expanded its sponsor base by 46%
- Commercial real estate leasing - Elecor increased year-to-date leasing activity to 681,000 sq ft, with rents 32% higher in New York City and 1% higher in San Francisco compared with FY 2025
Quarterly results and dividend
- U.S. alternative asset manager's Q2 net income and EPS declined from the prior quarter
- Earnings available for distribution rose quarter over quarter, while the dividend was unchanged
- Asset management revenue and AUM increased, and Genesis posted record origination volume
Key details and analyst coverage
| Metric | Actual |
|---|---|
| Q2 Net Servicing Revenue | $221.76 mln |
| Q2 EPS |
