Rithm Capital Corp. (RITM)

11.05 -0.07 (-0.63%) At close: 04:00PM EDT

Rithm Capital Corp.

799 Broadway
8th Floor
New York, NY 10003
United States
212 850 7770
https://www.rithmcap.com

Sector(s): Real Estate
Industry: REIT - Mortgage
Full-time employees: 6,570

Description

Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as New Residential Investment Corp. and changed its name to Rithm Capital Corp. in August 2022. Rithm Capital Corp. was incorporated in 2011 and is based in New York, New York.

Corporate governance

Rithm Capital Corp.’s ISS governance QualityScore as of 1 June 2024 is 7. The pillar scores are Audit: 8; Board: 7; Shareholder rights: 7; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.