Scott Kennedy’s mREIT Sector Comparison Article: Rithm Capital’s BV, Sector Valuation, And Dividend Versus 19 mREIT Peers – Part 1 (Post Q1 2024 Earnings)

Summary

• Part 1 of this article compares RITM’s recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return (loss), and current valuation to 19 mREIT peers.

• Due to what has occurred during the second quarter of 2024 (fluctuating rates/yields), understanding the composition of RITM’s MSR/investment and derivatives portfoli…