New Residential Investment (NRZ) Tops Q4 EPS by 9c

New Residential Investment (NYSE: NRZ) reported Q4 EPS of $0.61, $0.09 better than the analyst estimate of $0.52. Revenue for the quarter came in at $255.4 million versus the consensus estimate of $219.1 million.

FOURTH QUARTER 2019 FINANCIAL HIGHLIGHTS:

• GAAP Net Income of $211.8 million, or $0.51 per diluted common share(1)
• Core Earnings of $255.4 million, or $0.61 per diluted common share(1)(2)
• Common Dividend of $207.8 million, or $0.50 per common share(1)
• Book Value per common share of $16.21(1)

“New Residential’s full mortgage platform delivered strong results in 2019,” said Michael Nierenberg, Chairman, Chief Executive Officer and President of New Residential. “Throughout the year, as we faced a volatile rate environment, we were focused on strategically growing our mortgage platform and delivering stable returns for shareholders. Our performance during the year, including delivering total economic return of 12% and total shareholder return of 27%, reflects our success at executing around our strategy.(3) Specifically, our performance demonstrated the benefits of a diversified and balanced portfolio with differentiated revenue streams. As we progress through 2020, we are excited about our positioning and continue to be focused on executing on our key business initiatives.”

For earnings history and earnings-related data on New Residential Investment (NRZ) click here.

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