Company Quick10K Filing
New Residential Investment
10-Q 2020-03-31 Filed 2020-05-11
10-K 2019-12-31 Filed 2020-02-20
10-Q 2019-09-30 Filed 2019-10-29
10-Q 2019-06-30 Filed 2019-08-01
10-Q 2019-03-31 Filed 2019-05-02
10-K 2018-12-31 Filed 2019-02-19
10-Q 2018-09-30 Filed 2018-10-30
10-Q 2018-06-30 Filed 2018-07-30
10-Q 2018-03-31 Filed 2018-05-01
10-K 2017-12-31 Filed 2018-02-15
10-Q 2017-09-30 Filed 2017-11-01
10-Q 2017-06-30 Filed 2017-08-03
10-Q 2017-03-31 Filed 2017-05-04
10-K 2016-12-31 Filed 2017-02-22
10-Q 2016-09-30 Filed 2016-11-03
10-Q 2016-06-30 Filed 2016-08-04
10-Q 2016-03-31 Filed 2016-05-05
10-K 2015-12-31 Filed 2016-02-26
10-Q 2015-09-30 Filed 2015-11-05
10-Q 2015-06-30 Filed 2015-08-10
10-Q 2015-03-31 Filed 2015-05-11
10-K 2014-12-31 Filed 2015-03-02
10-Q 2014-09-30 Filed 2014-11-07
10-Q 2014-06-30 Filed 2014-08-07
10-Q 2014-03-31 Filed 2014-05-15
10-K 2013-12-31 Filed 2014-03-28
10-Q 2013-09-30 Filed 2013-11-12
10-Q 2013-06-30 Filed 2013-08-08
10-Q 2013-03-31 Filed 2013-06-12
8-K 2020-05-19 Enter Agreement, Off-BS Arrangement, Sale of Shares, Shareholder Rights, Exhibits
8-K 2020-05-05 Earnings, Exhibits
8-K 2020-04-03 M&A
8-K 2020-03-31 Enter Agreement, Exhibits
8-K 2020-02-11 Enter Agreement, Shareholder Rights, Amend Bylaw, Exhibits
8-K 2020-02-06 Earnings, Exhibits
8-K 2019-10-31 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-10-25 Earnings, Exhibits
8-K 2019-10-15 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-10-02 M&A, Other Events, Exhibits
8-K 2019-09-20 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-09-09 Enter Agreement
8-K 2019-08-30 Enter Agreement
8-K 2019-08-20 Other Events, Exhibits
8-K 2019-08-15 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-08-15 Shareholder Rights, Amend Bylaw, Exhibits
8-K 2019-08-08 Enter Agreement, Exhibits
8-K 2019-08-01 Other Events, Exhibits
8-K 2019-07-30 Earnings, Exhibits
8-K 2019-07-25 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-07-02 Shareholder Rights, Amend Bylaw, Exhibits
8-K 2019-06-25 Enter Agreement, Exhibits
8-K 2019-06-17 Enter Agreement, Other Events, Exhibits
8-K 2019-05-31 Regulation FD
8-K 2019-05-23 Shareholder Vote
8-K 2019-05-01 Earnings, Exhibits
8-K 2019-04-12 Officers, Exhibits
8-K 2019-03-11 Enter Agreement, Exhibits
8-K 2019-02-19 Enter Agreement, Exhibits
8-K 2019-02-12 Earnings, Exhibits
8-K 2018-11-05 Enter Agreement, Exhibits
8-K 2018-10-25 Earnings, Exhibits
8-K 2018-09-07 Enter Agreement, Exhibits
8-K 2018-08-17 Enter Agreement
8-K 2018-07-30 Other Events, Exhibits
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-07-03 Enter Agreement, Other Events, Exhibits
8-K 2018-06-21 Enter Agreement, Sale of Shares, Exhibits
8-K 2018-05-24 Shareholder Vote
8-K 2018-04-27 Earnings, Exhibits
8-K 2018-03-22 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-02-13 Earnings, Exhibits
8-K 2018-01-18 Enter Agreement
8-K 2018-01-16 Enter Agreement, Exhibits
8-K 2018-01-16 Earnings, Other Events

New Residential Investment Financials

NRZ Metrics, Comps, Filings

Quarterly | Annual

Business

New Residential is a publicly traded real estate investment trust ("REIT") primarily focused on opportunistically investing in, and actively managing, investments related to residential real estate. We were formed as a wholly owned subsidiary of Drive Shack Inc. (formerly Newcastle Investment Corp., "Drive Shack") in September 2011 and were spun-off from Drive Shack on May 15, 2013, which we refer to as the "distribution date." Our stock is traded on the New York Stock Exchange under the symbol "NRZ." We are externally managed and advised by an affiliate (our "Manager") of Fortress Investment Group LLC ("Fortress") pursuant to a management agreement (the "Management Agreement"). In 2016, our wholly-owned subsidiary, New Residential Mortgage LLC ("NRM"), became a licensed or otherwise eligible mortgage servicer.

We seek to drive strong risk-adjusted returns primarily through investments in the U.S. residential real estate market, which at times incorporate the use of leverage. We generally target assets that generate significant current cash flows and/or have the potential for meaningful capital appreciation. Our investment guidelines are purposefully broad to enable us to make investments in a wide array of assets in diverse markets, including non-real estate related assets such as consumer loans. We expect our asset allocation and target assets to change over time depending on the types of investments our Manager identifies and the investment decisions our Manager makes in light of prevailing market conditions. For more information about our investment guidelines, see "-Investment Guidelines." On December 27, 2017, SoftBank Group Corp. ("SoftBank") announced that it completed its previously announced acquisition of Fortress (the "SoftBank Merger"). In connection with the SoftBank Merger, Fortress operates within SoftBank as an independent business headquartered in New York. Fortress's senior investment professionals will remain in place, including those individuals who perform services for New Residential.

Our portfolio is currently composed of mortgage servicing and origination related assets, residential securities (and associated call rights) and loans and other opportunistic investments. For more details on our portfolio, see "-Our Portfolio" below, as well as "Management's Discussion and Analysis of Financial Condition and Results of Operations-Our Portfolio." For information concerning current market trends which impact our portfolio, see "Management's Discussion and Analysis of Financial Condition and Results of Operations-Market Considerations" and "Quantitative and Qualitative Disclosures About Market Risk."


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Gaming & Leisure Properties (GLPI) 8,355 0% 17.5 4% 8,505 6,398 1,168 0 370 802 14,078
Liberty Property Trust (LPT) 8,131 73% 11.8 6% 7,339 3,428 663 480 435 646 7,602
Apartment Investment & Mgmt (AIV) 8,129 0% 15.8 6% 6,539 4,652 916 0 375 779 12,291
Douglas Emmett (DEI) 7,412 0% 23.9 1% 8,521 4,537 919 0 122 478 11,444
Americold Realty Trust (COLD) 7,220 0% 42.0 1% 4,142 2,304 1,714 0 27 207 8,701
Starwood Property Trust (STWD) 7,187 0% 9.3 1% 74,434 69,521 1,203 0 459 941 8,719
SL Green Realty (SLG) 7,110 0% 11.3 2% 13,295 6,844 1,248 0 210 608 6,893
American Campus Communities (ACC) 6,495 0% 24.3 1% 7,669 4,131 933 0 112 402 9,773
New Residential Investment (NRZ) 6,479 29.0 1% 41,348 34,086 0 0 420 1,244 36,103
Epr Properties (EPR) 67 91% 5.2 3% 6,578 3,572 652 591 202 503 2,638
Brixmor Property Group (BRX) 5,925 0% 17.7 3% 8,160 5,401 584 0 213 610 10,769
Howard Hughes (HHC) 5,611 0% 14.5 1% 7,948 4,568 1,481 0 113 329 4,769
Cousins Properties (CUZ) 5,574 66% 29.6 1% 6,704 2,355 463 307 34 251 7,415
JBG Smith (JBGS) 5,251 0% 22.9 1% 6,022 2,021 646 0 36 219 5,007
PS Business Parks (PSB) 5,014 0% 23.4 7% 2,118 142 424 0 138 214 5,007
Rexford Industrial Realty (REXR) 4,879 0% 37.9 2% 3,502 1,016 250 0 55 146 5,542
EastGroup Properties (EGP) 4,865 0% 32.7 2% 2,400 1,292 245 0 46 149 4,865
Blackstone Mortgage Trust (BXMT) 4,808 22.6 2% 15,082 11,322 0 0 302 649 14,662
Highwoods Properties (HIW) 4,788 0% 12.2 3% 4,891 2,595 544 0 135 384 4,665
First Industrial Realty Trust (FR) 4,639 0% 18.6 6% 3,387 1,651 420 0 197 328 6,088

Balance Sheet ($MM)2013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash210172305140311188213459432348250259234389291237717432446413355486415509565901
Accounts Receivable9872,0311,5381,5091,5501,5311,6881,8582,6781,7861,0311,0841,0773,4253,9257,0505,3084,488
Inventory
PP&E
Assets2,7422,9325,9596,9997,0397,7738,0947,46814,39515,35615,19317,57217,90517,70418,36520,03023,00021,40522,21422,01222,94430,09131,69133,41036,79241,348
Accounts Payable149
Long-Term Debt4,1095,3785,1055,5866,0625,33910,31111,03911,30612,86312,94412,78313,20913,85916,06915,09915,76114,68615,48521,66322,67325,40828,78330,525
Liabilities1,4971,6714,4465,4385,2285,9186,2445,65311,30012,33012,20614,49314,79214,28714,89715,72818,38116,72617,41716,25017,14524,25425,60326,49729,99234,086
Stockholders' Equity1,2461,2611,2661,2761,4981,5751,5961,5682,8632,8072,7962,7852,8113,1283,2604,1024,4254,5724,6905,6645,7095,7435,9986,8226,7187,178
Income Statement ($MM)2013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A1342671292120121279101216201920219999119134
Tax0218-7014-6-160821216833347034-6746-22-5
Net Income109638057182152514279629911694131242137337240300614186195915611245
Cash Flow ($MM)2013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating87482254187-19536-155-4116917418137-37935-274-282514-317-273-300-2,483467
Cash Investing-123-692-1,400320-4981,119-700-537-196222-128-18-259-1,014-1,7621,206-208216-272-4,969-2,753-724-1,774
Cash Financing-17441,267-175333-855137608139-383-70-91921,3342,049-1,217504-7635315,3733,1473,2631,643