New Residential Investment

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

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 $765.6 m in FY, 2016
USD

Net income (Q2, 2017)

337.4 m

EBIT (Q2, 2017)

356.8 m

Market capitalization (22-Dec-2017)

5.7 b

Cash (30-Jun-2017)

560 m
New Residential Investment's current market capitalization is $5.7 b.
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

87.6 m346.9 m413.1 m765.6 m

Revenue growth, %

296%19%85%

General and administrative expense

38.6 m

Operating expense total

38.6 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

General and administrative expense

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

Operating expense total

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

EBIT

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

Interest expense

34 m81.9 m77.6 m81.2 m100.7 m96.5 m98.2 m115.2 m
USDY, 2013Y, 2014Y, 2015FY, 2016

Cash

272 m213 m249.9 m290.6 m

Accounts Receivable

18.1 k

Total Assets

6 b8.1 b15.2 b18.4 b

Accounts Payable

924.1 k
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

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

Total Assets

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

Dividends Payable

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

Short-term debt

3 b7.9 b7.2 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

265.6 m442.1 m281.9 m582.7 m

Cash From Operating Activities

152.9 m155.4 m320.8 m560.8 m

Cash From Investing Activities

(993.5 m)(2 b)(312.7 m)(182.6 m)

Cash From Financing Activities

1.1 b1.8 b28.9 m(269.2 m)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

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 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)

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)

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
Y, 2017

Financial Leverage

5 x
Show all financial metrics

New Residential Investment Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Shellpoint PartnersNovember 29, 2017$190 m

New Residential Investment Market Value History

New Residential Investment's Web-traffic and Trends

New Residential Investment Online and Social Media Presence

New Residential Investment Company Life and Culture

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