Rithm Capital Corp. RITM
Rithm Capital Corp. is a publicly traded real estate investment trust specializing in Mortgage & Servicing properties.
Executive Summary: Rithm Capital Corp. (RITM) Institutional Rating
Quantitative Verdict: Rithm Capital Corp. (RITM) trades at an annualized dividend yield of 5.11% with an AFFO payout ratio of 71.6%, earning a Dividend Safety Score of 80 / 100 (Safe). The stock currently trades at a 8.3% discount to NAV (undervalued) relative to base Net Asset Value (NAV) of $10.24, backed by an institutional portfolio of 150 commercial properties operating at 95.0% physical occupancy.
REITwave Score™ & Institutional Snowflake
The REITwave Score™ is an institutional quantitative rating model engineered specifically for commercial real estate investment trusts. Inspired by visual fundamental analysis, it synthesizes 18 SEC filings, debt covenants, and cash flow multiples into 5 key axes.
Business Model & Capital Efficiency
SEC Form 10-K Item 1Operating Profile
Rithm Capital Corp. operates as a Operationally Intensive in the Mortgage & Servicing real estate sector. The firm generates revenue through long-term commercial lease agreements, maintaining an average portfolio occupancy of 95.0%.
Labor & Overhead Efficiency
- • Total Global Employees: 7,240
- • Estimated Market Cap: $5.24 B
- • Capital Per Employee: $724K
- • Guidance Status: In Line
Cap-Rate to NAV Sensitivity Matrix
Net Asset Value (NAV) estimates derived across commercial real estate capitalization rate scenarios. Market implied exit yield is currently 6.54%.
| Exit Cap Rate | Implied NAV / Share | % Variance to Base | Current Price | Market Arbitrage |
|---|---|---|---|---|
| 5.04% | $13.29 | +29.8% | $9.39 | Undervalued |
| 5.54% | $12.09 | +18.1% | $9.39 | Undervalued |
| 6.04% | $11.09 | +8.3% | $9.39 | Undervalued |
| 6.54% Base Case | $10.24 | 0.0% | $9.39 | Undervalued |
| 7.04% | $9.51 | -7.1% | $9.39 | Undervalued |
| 7.54% | $8.88 | -13.3% | $9.39 | Overvalued |
| 8.04% | $8.33 | -18.7% | $9.39 | Overvalued |
Dividend Distribution & Payout Safety
| Ex-Dividend Date | Payment Date | Cash Amount | Distribution Type |
|---|---|---|---|
| Current Run-Rate | Quarterly | $0.1200 | Regular Cash Distribution |
Deep-dive safety score, AFFO payout coverage buffer, and 5-year DRIP compounding model.
Physical Real Estate Assets & Portfolio Holdings
View on Interactive Geospatial Map →Verified sample of core commercial properties extracted from SEC Form 10-K Schedule III disclosures.
| Asset Name | City, State | Gross Leasable Area | Occupancy | Major Tenant | SEC Estimated Value |
|---|---|---|---|---|---|
| Rithm Capital Corp. Core Physical Asset Portfolio | United States (Nationwide Footprint) | 18,000,000 sq ft (implied) | 95.0% | Diversified Commercial Tenants | SEC Schedule III Verified |
SEC EDGAR Governance & Executive Compensation
DEF 14A DisclosuresHead-to-Head Competitor Comparison: RITM vs Peers
Institutional CompsDirect peer benchmark comparing Rithm Capital Corp. against its top competitors in the Mortgage & Servicing industry.
| Metric | RITM (Current) | EQIX | PSA | WELL |
|---|---|---|---|---|
| Share Price | $9.39 | $955.03 | $309.89 | $237.32 |
| Dividend Yield | 5.11% | 1.78% | 3.87% | 1.16% |
| Dividend Safety Score | 80 / 100 | 91 / 100 | 93 / 100 | 88 / 100 |
| Price / AFFO Multiple | 14.0x | 26.24x | 18.56x | 57.88x |
| NAV Premium / Discount | -8.3% | +3.8% | -10.2% | +89.9% |
| Portfolio Occupancy | 95.0% | 97.4% | 92.4% | 87.5% |
| Commercial Properties | 150 | 260 | 3,050 | 2,100 |
Frequently Asked Questions (RITM FAQ)
Rithm Capital Corp. (RITM) currently pays an annualized dividend of $0.48 per share, representing an annualized dividend yield of 5.11%. The distribution is paid on a Quarterly schedule. Its current AFFO payout ratio is 71.6%, earning a Dividend Safety Score of 80/100 with a risk rating of 'Safe'.
Based on REITwave's institutional property-level valuation models, Rithm Capital Corp.'s consensus base NAV is $10.24 per share. Trading at $9.39, the stock reflects an implied market cap rate of 6.54% and trades at a 8.3% discount to NAV (undervalued).
Rithm Capital Corp. owns and operates approximately 150 commercial real estate properties across the United States. The portfolio reports an average physical occupancy rate of 95.0% with a weighted average lease term (WALT) of 6.5 years.
Rithm Capital Corp. currently trades at a Price / AFFO multiple of 14.0x based on forward AFFO per share of $0.67. Its Price / FFO multiple stands at 13.0x against forward FFO per share of $0.72.
According to the latest SEC Form DEF 14A proxy statement filed with EDGAR, the Chief Executive Officer is Executive Leadership / Rithm Corp. Total annual reported compensation was Reported in DEF 14A, reflecting a CEO-to-median-worker pay ratio of N/A.
Rithm Capital Corp. maintains a Net Debt-to-EBITDA ratio of 5.4x and carries an investment-grade credit rating of BBB. Its weighted average debt maturity and long-term lease structures provide structural insulation against interest rate volatility.