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
USD

Net income (Q1, 2017)

137.2 m

EBIT (Q1, 2017)

194.3 m

Market capitalization (21-Sep-2017)

5.2 b

Cash (31-Mar-2017)

236.6 m
New Residential Investment's current market capitalization is $5.2 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

General and administrative expense

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

Operating expense total

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

EBIT

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

Interest expense

34 m81.9 m77.6 m81.2 m100.7 m96.5 m98.2 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, 2017

Cash

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

Total Assets

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

Dividends Payable

53.7 m89.5 m106 m106 m106 m115.4 m147.5 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)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

239.1 m391.2 m41.8 m79.3 m61.8 m115.9 m93.6 m131.1 m137.2 m

Cash From Operating Activities

27.4 m68.8 m

Cash From Investing Activities

(1.1 b)(1.6 b)

Cash From Financing Activities

1.1 b1.4 b
Y, 2017

Financial Leverage

4.7 x
Show all financial metrics

New Residential Investment Market Value History

Traffic Overview of New Residential Investment

New Residential Investment Online and Social Media Presence

New Residential Investment Company Life and Culture

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