New Residential Investment Corp.
NRZ-PB
New York Stock Exchange22.90
USD
+0.63
- -
CIK
0001556593
ISIN
US64828T4094
CUSIP
64828T409
Return %
Stock
S&P500
1Y
-4.26
15.98
3Y
-12.50
62.25
5Y
-8.36
67.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Full Time Employees
- 11,321
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- 1345 Avenue Of The Americas New York City NY United States of America 10105
- IPO Date
- Aug 9, 2019
- CIK
- 0001556593
- Website
- newresi.com
- Similar Companies
- Business
- New Residential Investment Corp. New Residential Investment Corp., operating through its preferred shares (NRZ-PB), functions as a real estate investment trust (REIT) focused on residential real estate finance, primarily investing in and managing mortgage servicing rights (MSRs), residential mortgage-backed securities (RMBS), residential mortgage loans, servicer advances, and related assets; its operating platforms encompass origination and servicing through subsidiaries such as Newrez LLC, Shellpoint Mortgage Servicing, Caliber Home Loans Inc., and Genesis Capital LLC, alongside complementary services in title insurance, appraisal management, and real estate-owned management; the company targets excess MSRs for cost-efficient cash flow generation, consumer loans, single-family rental properties, and opportunistic residential securities and loans to deliver risk-adjusted returns across economic cycles. Founded in 2013 as a spin-off from Fortress Investment Group and headquartered in New York City, New Residential conducts operations principally in the United States, serving mortgage originators, investors, and homeowners through its diversified segments including servicing and originations, residential securities and loans, and consumer loans, with a portfolio historically exceeding $150 billion in unpaid principal balance for MSRs and related assets. In recent years, the company internalized its external management function in 2022, replacing the prior agreement with in-house operations to achieve approximately $60-65 million in annual cost savings and synergies while broadening institutional investor appeal; it rebranded to Rithm Capital Corp. in August 2022 (changing its common ticker from NRZ to RITM), reflecting evolution from an MSR-focused entity to a diversified asset manager with operating businesses spanning financial services and real estate; earlier key acquisitions include Shellpoint Partners and its subsidiaries (New Penn Financial, Avenue 365, eStreet) for $190 million in 2019 to bolster origination, servicing, and ancillary platforms, Caliber Home Loans in 2021 to enhance retail purchase origination and customer retention with $141 billion in added MSRs, and Genesis Capital in late 2021 for business-purpose lending expansion into build-to-rent markets; more recently, as Rithm Capital, it announced a definitive agreement in October 2025 to acquire Crestline Management ($17 billion AUM in private credit, alternatives, insurance, and reinsurance) to strengthen asset management capabilities, alongside a $1.6 billion acquisition of Paramount Group assets for office real estate diversification and a partnership for residential transitional loans via a non-traded REIT launch.
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