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.

Type
Public
HQ
New York, US
Founded
2011
New Residential Investment was founded in 2011 and is headquartered in New York, US
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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 Financials

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 (Q1, 2018)

614.4 m

EBIT (Q1, 2018)

259.2 m

Market capitalization (22-Jun-2018)

6.2 b

Closing share price (22-Jun-2018)

18.3

Cash (31-Mar-2018)

233.2 m
New Residential Investment's current market capitalization is $6.2 b.
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

87.6 m346.9 m413.1 m765.6 m

Revenue growth, %

296%19%85%

General and administrative expense

38.6 m67.2 m

Operating expense total

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

General and administrative expense

8.6 m21.2 m19.6 m12.1 m7.2 m8.8 m11.8 m16 m20 m

Operating expense total

22.3 m35 m32.9 m25 m36.3 m40.6 m68.4 m139.4 m107.8 m

EBIT

50.4 m96.3 m104.8 m108.8 m176.8 m185.9 m194.3 m356.8 m259.2 m

Interest expense

34 m81.9 m77.6 m81.2 m100.7 m96.5 m98.2 m115.2 m124.4 m
Annual
usdY, 2013Y, 2014Y, 2015FY, 2016FY, 2017

Cash

272 m213 m249.9 m290.6 m295.8 m

Accounts Receivable

18.1 k

Inventories

Total Assets

6 b8.1 b15.2 b18.4 b22.2 b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

459.3 m432 m348.3 m258.6 m233.8 m388.7 m236.6 m560 m233.2 m

Total Assets

7.5 b14.4 b15.4 b17.6 b17.9 b17.7 b20 b23 b22 b

Dividends Payable

53.7 m89.5 m106 m106 m106 m115.4 m147.5 m153.7 m168.1 m

Short-term debt

3 b7.9 b7.2 b
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Inventories

Accounts Payable

Cash From Operating Activities

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

Net Income

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

Cash From Operating Activities

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

Cash From Investing Activities

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

Cash From Financing Activities

368.7 m1.3 b1.1 b1.4 b(717.7 m)(109.6 m)(382.6 m)(453.1 m)(461.6 m)1.3 b3.4 b(763 m)
USDY, 2018

Financial Leverage

3.8 x
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New Residential Investment Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Shellpoint Partners November 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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