New Residential Investment is a real estate investment trust, which focuses on investing in and managing residential mortgage related assets in the United States. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments. The Company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs. It also invests in non-agency and agency residential mortgage backed securities; and residential mortgage loans comprising loans held-for-investment, loans held-for-sale, and real estate owned loans. In addition, the Company has an interest in a portfolio of consumer loans, including unsecured and homeowner loans.

TypePublic
HQNew York, US
Founded2011
Websitenewresi.com
New Residential Investment was founded in 2011 and is headquartered in New York, US
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Key People/Management at New Residential Investment

Michael Nierenberg

Michael Nierenberg

Board Chairman, Chief Executive Officer & President
Nick Santoro

Nick Santoro

CFO
David Schneider

David Schneider

Chief Accounting Officer
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New Residential Investment Office Locations

New Residential Investment has an office in New York
New York, US (HQ)
1345 Ave of the Americas
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New Residential Investment Financials and Metrics

New Residential Investment Revenue

New Residential Investment's revenue was reported to be $765.65 m in FY, 2016 which is a 85.3% increase from the previous period.
USD

Net income (Q3, 2018)

195.5m

EBIT (Q3, 2018)

262.7m

Market capitalization (14-Dec-2018)

5.3b

Closing stock price (14-Dec-2018)

15.7

Cash (30-Sep-2018)

330.1m
New Residential Investment's current market capitalization is $5.3 b.
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

87.6m346.9m413.1m765.6m

Revenue growth, %

296%19%85%

General and administrative expense

61.9m38.6m67.2m

Operating expense total

117.8m174.2m422.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

General and administrative expense

8.6m21.2m19.6m12.1m7.2m8.8m11.8m16.0m19.9m20.0m40.6m98.6m

Operating expense total

22.3m35.0m32.9m25.0m36.3m40.6m68.4m139.4m117.1m107.8m227.6m192.1m

EBIT

50.4m96.3m104.8m108.8m176.8m185.9m194.3m356.8m272.4m259.2m529.1m262.7m

Interest expense

34.0m81.9m77.6m81.2m100.7m96.5m98.2m115.2m125.3m124.4m258.3m162.8m
Annual
USDFY, 2013Y, 2013Y, 2014FY, 2015Y, 2015FY, 2016FY, 2017

Cash

272.0m272.0m213.0m249.9m249.9m290.6m295.8m

Accounts Receivable

18.1k

Inventories

Total Assets

6.0b6.0b8.1b15.2b15.2b18.4b22.2b
Quarterly
USDQ3, 2013Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

172.2m459.3m432.0m348.3m258.6m233.8m388.7m236.6m560.0m279.8m233.2m193.2m330.1m

Total Assets

7.5b14.4b15.4b17.6b17.9b17.7b20.0b23.0b21.4b22.0b22.9b30.1b

Dividends Payable

44.3m53.7m89.5m106.0m106.0m106.0m115.4m147.5m153.7m153.7m168.1m169.9m170.2m

Short-term debt

3.0b7.9b7.2b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

265.6m442.1m281.9m582.7m1.0b

Inventories

Accounts Payable

Cash From Operating Activities

152.9m155.4m320.8m560.8m(899.7m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

185.4m56.9m239.1m391.2m41.8m121.1m182.8m115.9m209.6m340.7m137.2m337.4m614.4m800.2m995.7m

Cash From Operating Activities

104.6m2.1m27.4m68.8m517.3m362.1m169.4m342.9m524.0m(378.8m)(343.5m)513.7m196.8m(75.8m)

Cash From Investing Activities

(301.1m)(1.4b)(1.1b)(1.6b)419.4m(117.2m)221.9m94.1m76.3m(1.0b)(2.8b)216.2m(55.7m)(5.0b)

Cash From Financing Activities

368.7m1.3b1.1b1.4b(717.7m)(109.6m)(382.6m)(453.1m)(461.6m)1.3b3.4b(763.0m)(232.5m)5.1b
USDY, 2018

Financial Leverage

5.2 x
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New Residential Investment Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Shellpoint PartnersNovember 29, 2017$190 m
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New Residential Investment Online and Social Media Presence

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New Residential Investment News and Updates

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New Residential Investment Company Life and Culture

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New Residential Investment Frequently Asked Questions

  • When was New Residential Investment founded?

    New Residential Investment was founded in 2011.

  • Who are New Residential Investment key executives?

    New Residential Investment's key executives are Michael Nierenberg, Nick Santoro and David Schneider.

  • Who are New Residential Investment competitors?

    Competitors of New Residential Investment include Intercontinental International, POAO and Piedmont Office Realty Trust.

  • Where is New Residential Investment headquarters?

    New Residential Investment headquarters is located at 1345 Ave of the Americas, New York.

  • Where are New Residential Investment offices?

    New Residential Investment has an office in New York.

  • How many offices does New Residential Investment have?

    New Residential Investment has 1 office.