Rithm Capital's Sector Comparative Analysis - Part 2 (Includes Q1 2026 + Q2 2026 Dividend Projection) (NYSE:RITM)

Scott Kennedy Investing Group Follow 5 Share Save Comments Summary This article compares RITM’s recent dividend per share rates, yield percentages, and several dividend sustainability metrics to 17 mREIT peers. This includes an analysis of RITM’s quarterly core earnings/earnings available for distribution (“EAD”) which directly impacts the company's dividend sustainability. This article also projects RITM’s dividend sustainability for Q1 2026 – Q2 2026 (including specific per share amounts). My current RITM buy, sell, or hold per share recommendation ranges (based on a valuation methodology) and current BV projection are stated in the “Conclusions Drawn” section. Zhanna Hapanovich/iStock via Getty Images Focus of Article: The focus of this two-part article is to provide a very detailed analysis comparing Rithm Capital Corp. ( RITM ) to 17 other mortgage real estate investment trust (mREIT) peers I currently fully cover. I am writing this two-part article due to the continued requests that such an analysis be specifically performed on RITM and some of the company’s mREIT peers at periodic intervals. For readers who just want the summarized conclusions/results, I would suggest to scroll down to the “Conclusions Drawn” section at the bottom of each part of the article. PART 1 of this article analyzed RITM’s recent results and compared several of the company’s metrics to 17 mREIT peers. PART 1 also showed how RITM’s book value (“BV”) as of 9/30/2025 compared to the 17 other mREIT peers. PART 1 helps lead to a better understanding of the topics and analysis that will be discussed in PART 2. The focus of PART 2 of this article is to compare RITM’s recent dividend per share rates, yield percentages, and several dividend sustainability metrics to 17 mREIT peers. This analysis will show recent past data with supporting documentation within Table 11 below. This article will also discuss RITM’s dividend sustainability which is partially based on the metrics outlined in Table 11. A more in-depth analysis of RITM’s dividend sustainability will be provided in Table 12 below. By analyzing these metrics, one will better understand which mREIT generally has a safer dividend rate going forward versus other peers who generally have a higher risk for a dividend decrease or a higher probability of a dividend increase and/or a special periodic dividend being declared. When both back testing and projecting the metrics within this analysis, the results have continued to be proven extremely reliable. This is not the only data that should be examined to initiate a position within a particular stock/sector. However, I believe this analysis would be a good “starting-point” to begin a discussion on the topic. At the end of this article, there will be a conclusion regarding the following comparisons between RITM and the 17 mREIT peers: 1) trailing 12-month (“TTM”) yields based on a stock price as of 12/19/2025 (including 1- and 5-year dividend change) ; 2) annual forward yield based on a stock price as of 12/19/2025 ; and 3) annual forward yield based on my estimated CURRENT BV (BV as of...

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