Rithm Capital (RITM) investor relations material

Executive summary

• Delivered strong Q2 2026 results with momentum across all divisions, including asset management, commercial real estate, origination, and transitional lending, despite volatile markets.

• Managed over $100 billion in investable assets, with $61 billion in AUM spanning asset-based finance, corporate credit, real estate, and multi-strategy investments.

• Newrez is a top-five US mortgage servicer and lender, Genesis is the #2 US residential transitional lender, and Elecor manages 9.9M sq ft of Class A office space in NYC and San Francisco.

• Operates through five segments: Origination and Servicing, Residential Transitional Lending, Asset Management, Investment Portfolio, and Commercial Real Estate.

• Rithm invests its own capital alongside partners and has a 30-year performance track record across its asset management platform.

Financial highlights

• Q2 2026 earnings available for distribution (EAD) were $338.9 million ($0.60 per diluted share), with GAAP net income of $20.2 million ($0.04 per diluted share).

• Book value per share was $12.33 at quarter-end, with total assets reaching $54.1 billion.

• Dividend yield was 10.6% ($0.25 per share); $139.6 million in common dividends declared for Q2 2026.

• Asset management AUM reached $61 billion, up from $59 billion in Q1 2026, driven by $1.9 billion in gross inflows and new fund commitments.

• Multi-strategy fund YTD net return was ~8%; three-year return was 12.3% with 4.7% volatility.

Outlook and guidance

• Asset management AUM is expected to double in the next 1–2 years, driven by performance and new product offerings, including insurance solutions, infrastructure, and private wealth.

• Management expects continued volatility in interest rates and inflation, with the Federal Reserve signaling a more hawkish stance.

• Focus remains on expanding third-party business, product offerings, and maintaining a performance-first, risk-managed culture.

• The board intends to continue distributing at least 90% of REIT taxable income as dividends, subject to market conditions.

• Market volatility expected to provide tactical deployment opportunities.