Rithm Capital reported second-quarter earnings that exceeded Wall Street expectations, driven by strong inflows into its asset management business. Earnings available for distribution came in at $0.60 per share, beating the consensus estimate of $0.50 and up from $0.51 in the first quarter. Revenue of $1.28 billion missed the $1.42 billion consensus and declined from $1.38 billion in the prior quarter, though asset management revenue rose to $142.2 million from $106.6 million and commercial real estate revenue edged up to $182.1 million from $178.3 million. Assets under management in the asset management segment reached approximately $61 billion as of June 30, 2026, up from $59 billion at the end of the first quarter, including $1.9 billion of gross inflows and new fund commitments. The Newrez unit posted a 22% annualized operating return on equity on $5.7 billion of equity, while total servicing unpaid principal balance slipped to $865.2 billion from $875.0 billion. Book value per share declined to $12.33 from $12.51 at the end of the prior quarter.
Rithm Capital Corp.Earnings beat consensus on available distribution per share, driven by asset management growth.