**Rithm Capital Corp. Reports Financial Results for Fiscal Year 2025**
Rithm Capital Corp., a global asset manager focused on real estate, credit, and financial services, released its financial results for the fiscal year ending December 31, 2025. The company, structured as an internally managed REIT, reported net income attributable to common stockholders of $567.2 million, compared to $835.0 million in the previous fiscal year. The decrease in net income was primarily driven by a $417.0 million decrease in servicing revenue, net, partially offset by a $47.0 million increase in gain on originated residential mortgage loans, HFS, net, and a $106.7 million increase in asset management revenues. Basic earnings per share were $1.05, while diluted earnings per share were $1.04.
The company's total revenues for 2025 were $4.59 billion, a decrease of 6.7% from $4.92 billion in 2024. This decline was mainly due to a decrease in servicing revenue, net, partially offset by increases in gain on originated residential mortgage loans, HFS, net, and asset management revenues. Total operating expenses increased by 4.0% to $3.99 billion, driven by higher general and administrative expenses and compensation and benefits. As of December 31, 2025, Rithm Capital's total assets were $53.06 billion and total liabilities were $43.81 billion.
Significant strategic developments during the year included the acquisitions of Crestline Management, L.P. on December 1, 2025, for approximately $324.7 million, and Paramount Group, Inc. on December 19, 2025, for approximately $1.8 billion. These acquisitions expanded Rithm Capital's asset management capabilities and commercial real estate platform, respectively. The company also continued to focus on its multi-channel residential mortgage origination platform, with Newrez ranking among the top five lenders and servicers in the U.S.
Key operational developments included an increase in the servicing portfolio to approximately $851.7 billion UPB as of December 31, 2025, compared to $843.8 billion UPB as of December 31, 2024. The company also funded approximately $63.3 billion of residential mortgage loans during 2025, up from $58.6 billion in the previous year. The company's Asset Management segment managed approximately $63 billion in AUM as of December 31, 2025. The company also announced a strategic investment partnership to fund the acquisition of up to $1.5 billion of residential transition loans and completed the first close for R-HOME, a non-traded REIT focused on U.S. residential and household credit investments. The company’s board of directors authorized a stock repurchase program, but no shares of common stock were repurchased during the year.
About Rithm Capital Corp.
Rithm Capital is a diversified asset manager specializing in real estate, credit, and financial services. It manages investments in mortgage origination, servicing, residential loans, SFR properties, consumer loans, and structured finance assets. Operating globally with a focus on long-term value creation, it leverages expertise in origination, asset management, and securitization to generate attractive risk-adjusted returns across its core markets.
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