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…