New Residential Investment

We believe that unfolding developments in the approximately $19 trillion U.S. residential housing market are generating significant investment opportunities. For example, in the aftermath of the U.S. financial crisis, the residential mortgage industry is undergoing major structural changes that are transforming the way mortgages are originated, owned and serviced. These changes are creating a compelling set of investment opportunities. We believe that New Residential is one of only a select number of market participants that have the combination of capital, industry experience and key business relationships we think are necessary to take advantage of this opportunity. Our objective is to leverage our proven investment expertise to drive attractive risk adjusted returns that will help deliver strong and growing dividends to our shareholders. We target stable long term cash flows and employ conservative capital structures to generate returns throughout different interest rate environments. We take an active approach centered around identifying and executing on opportunities, responding to the changing market environment and dynamically managing our investment portfolio to enhance returns.


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

New Residential Investment Data and Metrics

New Residential Investment Financial Metrics

New Residential Investment's revenue was reported to be $765.6 m in FY, 2016 which is a 85% increase from the previous period.
USD

Revenue (FY, 2016)

765.6 m

Revenue growth (FY, 2015 - FY, 2016), %

85%

Net income (FY, 2016)

582.7 m

EBIT (FY, 2016)

703.3 m

Market capitalization (21-Jul-2017)

4.6 b

Cash (31-Dec-2016)

290.6 m
New Residential Investment's current market capitalization is $4.6 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

42.5 m104.9 m117.8 m174.2 m

EBIT

(82.9 m)(53.8 m)270.9 m703.3 m

EBIT margin, %

(95%)(16%)66%92%

Interest expense

704 k15 m140.7 m274 m373.4 m

Interest income

645.1 m1.1 b

Pre tax profit

270.9 m621.6 m

Income tax expense

23 m(11 m)38.9 m

Net Income

265.6 m442.1 m281.9 m582.7 m
USDY, 2011Y, 2012Y, 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

Dividends Payable

63.3 m53.7 m106 m115.4 m

Total Debt

5 b5.8 b14.5 b

Total Liabilities

14.9 b

Additional Paid-in Capital

1.2 b1.3 b2.6 b2.9 b

Retained Earnings

103 m237.8 m148.8 m210.5 m

Total Equity

1.5 b1.8 b3 b3.5 b

Debt to Equity Ratio

3.3 x3.1 x4.9 x

Debt to Assets Ratio

0.8 x0.7 x1 x

Financial Leverage

3.9 x4.4 x5.1 x5.3 x
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)

Interest Paid

128 m244.2 m350 m

Income Taxes Paid

14.1 m535 k1.1 m
Y, 2016

Financial Leverage

5.3 x

New Residential Investment Market Value History

New Residential Investment Online and Social Media Presence

New Residential Investment Company Life and Culture

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