Rithm Capital Management

Management criteria checks 1/4

Rithm Capital's CEO is Michael Nierenberg, appointed in Nov 2013, has a tenure of 10.5 years. total yearly compensation is $20.16M, comprised of 6.2% salary and 93.8% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth $15.25M. The average tenure of the management team and the board of directors is 1 years and 9.2 years respectively.

Key information

Michael Nierenberg

Chief executive officer

US$20.2m

Total compensation

CEO salary percentage	6.2%
CEO tenure	10.5yrs
CEO ownership	0.3%
Management average tenure	less than a year
Board average tenure	9.2yrs

Recent management updates

Recent updates

Rithm Capital Non-GAAP EPS of $0.33 beats by $0.04, revenue of $762.4M beats by $12.26M

Feb 08

Rithm Capital: Your Next Purchase Could Yield You 11.9%

Dec 22

Rithm Capital declares $0.25 dividend

Dec 15

Rithm Capital: The Preferreds Move Better

Dec 07

Rithm Capital: Don't Become A Panic Seller Now

Oct 19

Rithm Capital's 11.2% Yield: You Have No Excuse For Not Buying

Sep 19

Rithm's Newrez unit introduces 40-year fixed interest-only non-QM mortgage

Sep 01

New Residential Investment Q2 2022 Earnings Preview

Aug 01

New Residential: Wait Patiently For Another Buy Signal (Technical Analysis)

Jul 20

New Residential Stock: Buy When Others Are Fearful

Jun 19

New Residential: Ready For High Interest Rates?

May 24

New Residential: I Am Buying This Fat 8.8% Yield For Passive Income

May 05

New Residential: Substantial Confusion In The Capital Structure

Apr 21

New Residential: Substantial Mispricing Within The Capital Stack

Apr 08

New Residential Investment: Dynamic Hedging And Alpha Generation

Mar 15

New Residential: 9.8% Yield, Strong Dividend Coverage, 11% Discount To BV

Mar 07

CEO Compensation Analysis

How has Michael Nierenberg's remuneration changed compared to Rithm Capital's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$725m
Dec 31 2023	US$20m	US$1m	US$533m
Sep 30 2023	n/a	n/a	US$702m
Jun 30 2023	n/a	n/a	US$632m
Mar 31 2023	n/a	n/a	US$272m
Dec 31 2022	US$9m	US$654k	US$865m

Compensation vs Market: Michael's total compensation ($USD20.16M) is above average for companies of similar size in the US market ($USD8.43M).

Compensation vs Earnings: Michael's compensation has increased by more than 20% in the past year.

CEO

Michael Nierenberg (60 yo)

10.5yrs

Tenure

US$20,160,023

Compensation

Mr. Michael Nierenberg served as Chief Executive Officer and Chairman at Fortress Capital Acquisition Corp. from December 2020 to June 17, 2022. He served as a Managing Director at Fortress’s Private Equit...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Nierenberg	Chairman	10.5yrs	US$20.16m	0.28% $ 15.2m
Nicola Santoro	CFO, Chief Accounting Officer & Treasurer	8.7yrs	US$2.68m	no data
Philip Sivin	Chief Legal Officer & Secretary	no data	US$1.47m	0.0013% $ 72.1k
Charles Sorrentino	Managing Director	no data	no data	no data
Varun Wadhawan	Managing Director	no data	no data	no data
Sanjeev Khanna	Managing Director	no data	no data	no data
Kenneth Bruce	Managing Director	less than a year	no data	no data
Satish Mansukhani	Managing Director of Investment Strategy	less than a year	no data	no data
Martin Migliara	Managing Director of Europe	no data	no data	no data
David Welsh	Managing Partner of GreenBarn Investment Group	less than a year	no data	no data
David Schonbraun	Managing Partner of GreenBarn Investment Group	no data	no data	no data
Donald Chan	Senior Vice President	no data	no data	no data

1.0yrs

Average Tenure

53yo

Average Age

Experienced Management: RITM's management team is not considered experienced ( 1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Nierenberg	Chairman	10.5yrs	US$20.16m	0.28% $ 15.2m
David Saltzman	Independent Director	11.1yrs	US$295.00k	0.020% $ 1.1m
Kevin Finnerty	Independent Director	11.1yrs	US$285.00k	0.063% $ 3.4m
Peggy Hwan Hebard	Independent Director	1.3yrs	US$287.00k	0.010% $ 562.8k
Andrew Sloves	Independent Director	7.9yrs	US$285.00k	0.041% $ 2.2m
Patrice Le Melle	Independent Director	2.5yrs	US$275.00k	0.0056% $ 302.9k

9.2yrs

Average Tenure

60.5yo

Average Age

Experienced Board: RITM's board of directors are considered experienced (9.2 years average tenure).

Rithm Capital Management

Management criteria checks 1/4

Key information

Recent management updates

Rithm Capital Corp., Annual General Meeting, May 23, 2024

Rithm Capital Corp. Announces Hire of Satish Mansukhani as Managing Director in Investment Strategy

Rithm Capital Corp. Appoints Kenneth Bruce as Managing Director; Investor Relations

Rithm Capital Corp. Elects Peggy Hwan Hebard to the Board of Directors

Rithm Capital Corp. Announces Resignation of Robert J. Mcginnis as Director

Insufficient new directors

Recent updates

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Rithm Capital Corp. to Report Q1, 2024 Results on Apr 30, 2024

Rithm Capital Corp., Annual General Meeting, May 23, 2024

Rithm Capital: Look Beyond The ~9% Dividend Yield

Fourth quarter dividend of US$0.25 announced

Rithm Capital Corp. Declares Dividend on Common Stock for the First Quarter 2024, Payable on April 26, 2024

Rithm Capital: This 10% Yield Is On Sale

Consensus EPS estimates fall by 21%, revenue upgraded

Full year 2023 earnings: EPS misses analyst expectations

Rithm Capital Corp. (NYSE:RITM) announces an Equity Buyback for $200 million worth of its shares.

Rithm Capital Corp. to Report Q4, 2023 Results on Feb 07, 2024

Rithm Capital: Recent Acquisitions Support Its High-Dividend Yield

Upcoming dividend of US$0.25 per share at 9.1% yield

Rithm Capital Corp. Declares Fourth Quarter 2023 Common Dividend, Payable on January 26, 2024

Rithm Capital: A Magnificent, Bargain-Priced 10% Yield

Rithm Capital Corp. (NYSE:RITM) completed the acquisition of Sculptor Capital Management, Inc. (NYSE:SCU) from shareholders.

Rithm Capital Corp.(NYSE:RITM) dropped from S&P Global BMI Index

New major risk - Revenue and earnings growth

Rithm Capital: Deep Value, 11% Covered Yield, 26% BV Discount

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Rithm Capital Corp. to Report Q3, 2023 Results on Oct 26, 2023

Rithm Capital PFD D: Maybe No Longer The Best Choice - Swap Time?

Should You Buy Rithm Capital For Its 11% Yield?

Rithm Capital: The Dividend Lesson

Upcoming dividend of US$0.25 per share at 10% yield

Consensus EPS estimates increase by 17%

Rithm Capital Corp. (NYSE:RITM), American Real Estate Partners and GreenBarn Investment Group acquired Luxury 200-unit subdivision of townhomes in Ashburn, Virginia from Dream Finders Homes, Inc. (NYSE:DFH) for approximately $120 million.

Rithm Capital Corp. (NYSE:RITM), American Real Estate Partners and GreenBarn Investment Group acquired Luxury 200-unit subdivision of townhomes in Ashburn, Virginia from Dream Finders Homes, Inc. (NYSE:DFH) for approximately $120 million.

Consensus EPS estimates increase by 10%

Consensus EPS estimates increase by 42%

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Rithm Capital: This 9.8% Yielding Mortgage Trust Now Has A Catalyst

Rithm Capital Corp. (NYSE:RITM) entered into a definitive agreement to acquire Sculptor Capital Management, Inc. (NYSE:SCU) from shareholders for approximately $700 million.

Rithm Capital Corp. (NYSE:RITM) entered into a definitive agreement to acquire Sculptor Capital Management, Inc. (NYSE:SCU) from shareholders for approximately $700 million.

Consensus EPS estimates increase by 24%

Rithm Capital Corp. to Report Q2, 2023 Results on Aug 02, 2023

Rithm Capital Declares Quarterly Dividend Payable on July 28, 2023

Rithm Capital: I Sold The Preferreds To Buy The 11% Yielding Commons

Rithm Capital: This Huge 12% Mortgage Yield Is Sustainable

Rithm Capital Corp. Announces Hire of Satish Mansukhani as Managing Director in Investment Strategy

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Rithm Capital: Out-Of-Touch 21% BV Discount For A Covered 10.5% Yield

Full year 2022 earnings: EPS exceeds analyst expectations

Rithm Capital Non-GAAP EPS of $0.33 beats by $0.04, revenue of $762.4M beats by $12.26M

Rithm Capital Corp. to Report Q4, 2022 Results on Feb 08, 2023

Rithm Capital Corp. Appoints Kenneth Bruce as Managing Director; Investor Relations

Rithm Capital Corp. Elects Peggy Hwan Hebard to the Board of Directors

Rithm Capital: Your Next Purchase Could Yield You 11.9%

Upcoming dividend of US$0.25 per share

Rithm Capital Corp. Announces Resignation of Robert J. Mcginnis as Director

Rithm Capital Corp. (NYSE:RITM) announces an Equity Buyback for $200 million worth of its shares.

Rithm Capital declares $0.25 dividend

Rithm Capital: The Preferreds Move Better

Insufficient new directors

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Now 23% undervalued after recent price drop

Rithm Capital Corp. (NYSE:RITM) entered into an agreement to acquire a 50% interest in Senlac Ridge Partners.

Rithm Capital: Don't Become A Panic Seller Now

Rithm Capital Corp. to Report Q3, 2022 Results on Nov 02, 2022

Upcoming dividend of US$0.25 per share

New Residential Investment Corp. Declares Dividend for the Third Quarter 2022 Payable on October 28, 2022

Rithm Capital's 11.2% Yield: You Have No Excuse For Not Buying

Rithm's Newrez unit introduces 40-year fixed interest-only non-QM mortgage

Consensus forecasts updated

Second quarter 2022 earnings released: US$0.007 loss per share (vs US$0.27 profit in 2Q 2021)

New Residential Investment Q2 2022 Earnings Preview

Consensus forecasts updated

New Residential: Wait Patiently For Another Buy Signal (Technical Analysis)