Rithm Capital reported book value per common share of 12.51 at September 30, 2026, residential mortgage production of $12.9 billion for the three months ended September 30, 2026, and a total servicing portfolio of approximately $878.9 billion UPB.
Rhythm Capital reported third quarter 2026 earnings available for distribution of $315 million, or 55 cents per diluted share. It expects AUM of about $75 to $80 billion by the end of 2028 and approximately $125 million in annualized savings.
Rithm Capital Corp. reported third-quarter results for the quarter ended September 30, 2026, including GAAP net income of $217.1 million and earnings available for distribution of $315.3 million. It declared a common dividend of $0.25 per common share.
TL;DR.Rithm delivered strong GAAP results, Newrez operating income and ROE, Genesis origination and sponsor growth, Elecor leasing progress, asset-management inflows, a 2028 AUM target, and expected technology and AI savings. The offsets were lower sequential EAD, weaker asset-management profitability, declining mortgage production, higher-rate pressure on originations, and expected fourth-quarter wholesale margin pressure.
Bullish
+Q3 GAAP net income was $217.1 million, or $0.38 per diluted share, and EAD was $315.3 million, or $0.55 per diluted share.
+Newrez generated $329.7 million of pre-tax operating income excluding MSR MTM and other non-operating items and a 24% annualized operating ROE.
+Genesis Q3 RTL originations increased 25% year over year, newly funded sponsors increased 74%, and Genesis completed an inaugural $375 million multifamily RTL securitization.
+Elecor increased year-to-date leasing to 1.0 million square feet at rents 22% above FY 2025, formed a joint venture for 1301 Avenue of the Americas, and closed a $515 million refinancing of 31 West 52nd Street.
Bearish
−EAD declined sequentially to $315.3 million, or $0.55 per diluted share, from $338.9 million, or $0.60 per diluted share.
−Newrez origination funded production was $12.9 billion, down 19% quarter over quarter and 21% year over year.
−Management reported a material decline in mortgage production from September to October and expected an approximately 25% decrease.
461 of 518 funds reported for Sep 30 · net -132.5K sh shares · +41 new
Insider flowDistributing
Net -$1.1M over 90 days · 100% sells
Short interestFalling
5.83% of shares out · ▼ -0.9% MoM · 4.3 days cover
Volume signalNormal
Volume near normal
Institution breadthSteady
518 holders — mid 3-yr range
Squeeze score56
elevated · 0–100
Fundamentals
Weak
Revenue growth−7%
Y/Y
EPS growth−38%
Y/Y
ValuationP/E 14.2
in line
Buyback$300.0M
authorized
Balance sheet$28.5B
net debt
Quant / Vol
risk profile
Moderate
Volatility27%
annualized · 1-yr
Max drawdown−31%
past year
ATR3.0%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
what management promised — and delivered
Latest guidance
· from the Earnings Call filed Oct 23, 2026
by the end of 2028
AUM
$75B – $80B
going forward
Savings for Nurez
$125M
Previous outlook
earlier release· from the Earnings Call filed Jul 28, 2026
Still-open targets the latest release did not restate under the same label.
Total annual expense savings
· annual, following the transition to the Valen operating system iat least $65M
Total annual expense savings
· annual savings following the transition to the Valen operating sat least $65M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holdersSell
2 · 4 · 0
50 / 200-day cross
No crossNeutral
Price vs 200-day avg
−6%Bearish
Price vs 50-day avg
−2%Neutral
RSI (14)
46Neutral
MACD trend
NegativeBearish
52-week position
17%Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)No cross
50d $9 › 200d $10 — 200d above 50d
Institutional flowDistributing
461 of 518 funds reported for Sep 30 · net -132.5K sh shares · +41 new
Insider flowDistributing
Net -$1.1M over 90 days · 100% sells
Short interestFalling
5.83% of shares out · ▼ -0.9% MoM · 4.3 days cover
Volume signalNormal
Volume near normal
Institution breadthSteady
518 holders — mid 3-yr range
Price context
position in its 52-week range
Range low$8Now $9 · 17%Range high$12
vs 200-day avg -6%vs 50-day avg -2%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings
Metric
Latest
Period
YoY
annualized operating return on equity (“ROE”)non-GAAP
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Rithm Capital reported book value per common share of 12.51 at September 30, 2026, residential mortgage production of $12.9 billion for the three months ended September 30, 2026, and a total servicing portfolio of approximately $878.9 billion UPB.
Dividends per share over the trailing 365 days by ex-date · buyback figures as last
reported in SEC filings ("spent" derived as authorized − remaining; when several
programs run concurrently, authorized is their combined total per the newest filing) ·
components shown separately — trailing-year buyback spend isn't tracked, so no
combined shareholder yield is derived.
