RITM Rithm Capital (RITM) Q2 FY26 earnings call
Rithm Capital delivered a strong quarter, leveraging its diversified platform to expand third-party asset management and drive significant growth in its Genesis Capital origination business. The company is strategically investing in its Elecor real estate portfolio and Newrez's technological efficiencies, while maintaining a disciplined capital allocation approach focused on long-term business expansion over immediate shareholder returns.
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RITM operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Properties Elicor | 10Elior's portfolio consists of 10 core assets totaling 9.9 million square feet.Source: earnings call transcript | 10Our portfolio consists of 10 core assets totaling 9.9 million square feet, approximately 7 million square feet of which are in New York and the balance in San Francisco.Source: earnings call transcript | — | 0% |
| Square feet Elicor | 9.9M sq ftElior's portfolio consists of 10 core assets totaling 9.9 million square feet.Source: earnings call transcript | 9.9M sq ftOur portfolio consists of 10 core assets totaling 9.9 million square feet, approximately 7 million square feet of which are in New York and the balance in San Francisco.Source: earnings call transcript | — | 0% |
| Leased rate Elicor | 85.7%The core portfolio is currently 85.7% leased at share with an average in-place rent of $90 per square foot at share and a weighted average lease term of 8.4 years at share.Source: earnings call transcript | 86.5%The core portfolio is currently 86.5% leased with an average in-place rent of $90 per square foot and a weighted average lease term of 8.3 years.Source: earnings call transcript | — | +0.8 pt |
| Occupancy rate New York core portfolio | 92.1%At quarter end, our New York core portfolio's leased occupancy was 92.1% at share, up 470 basis points year-over-year.Source: earnings call transcript | — | 88.6%At quarter end, our New York core portfolio's leased occupancy was 88.6% at share.Source: earnings call transcript | — |
| Occupancy rate San Francisco core portfolio | 59.1%At quarter end, our San Francisco core portfolio's leased occupancy was 59.1% at share, driven largely by a couple of known move asset, One Market Plaza and One Front Street within the past year.Source: earnings call transcript | — | 65%At quarter end, our San Francisco core portfolio leased occupancy was 65% at share, up 590 basis points since Q1 2026.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.