Every material Form 8-K Rithm Capital filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On December 19, 2025, Rithm Capital completed its merger with Paramount Group, Inc. under an agreement dated September 17, 2025, and Paramount's separate corporate existence ended. Paramount common stock and operating partnership units were converted into the right to receive $6.60 in cash each, without interest, so former Paramount shareholders are paid in cash and no longer hold shares.
Paramount common stock converted into the right to receive $6.60 per share in cash, without interest.
Rithm funded the consideration with cash on hand and a $50 million equity investment from Rithm Property Trust Inc., an externally managed affiliate of Rithm.
Paramount owns 13 office assets and manages 4 more, totaling more than 13.1 million square feet in New York City and San Francisco.
Albert Behler, Chairman, Chief Executive Officer and President of Paramount, is departing the company at closing; Paramount will be rebranded.
Rithm Capital Corp. entered into an underwriting agreement with Morgan Stanley & Co. LLC on September 18, 2025, to sell 7,600,000 shares of its 8.750% Series E Fixed-Rate Cumulative Redeemable Preferred Stock. The underwriters also have a 30-day option to buy up to 1,140,000 additional shares, and the offering is expected to close on September 25, 2025. The company intends to use the net proceeds for investments and general corporate purposes.
Offering of 7,600,000 shares of 8.750% Series E Preferred Stock, with a $25.00 per share liquidation preference
Underwriters have a 30-day option to purchase up to 1,140,000 additional shares
Offering expected to close on September 25, 2025
Net proceeds intended for investments and general corporate purposes
On September 17, 2025, Rithm Capital agreed to acquire Paramount Group, Inc. (NYSE: PGRE) in a cash deal valued at about $1.6 billion, or $6.60 per share. Paramount stockholders must approve the Paramount Merger, and the deal is expected to close in late Q4 2025. Paramount would owe Rithm a $59.7 million termination fee in certain circumstances, which would matter to shareholders if the deal fails.
Paramount common stockholders would receive $6.60 per share in cash, without interest.
Total cash consideration to Paramount shareholders is about $1.6 billion.
Closing is expected in late Q4 2025 and requires approval by a majority of votes cast by Paramount stockholders; the deal has no financing condition.
The merger agreement can be terminated if the Mergers are not completed by March 17, 2026; Paramount would pay a $59.7 million termination fee in certain circumstances.
Rithm Capital reported second-quarter 2025 results for the period ended June 30, 2025. GAAP net income attributable to common stockholders was $283.9 million, or $0.53 per diluted share, up from $36.5 million, or $0.07, in the first quarter, while earnings available for distribution rose to $291.1 million, or $0.54 per diluted share, from $275.3 million, or $0.52. The common dividend was unchanged at $0.25 per share.
GAAP net income attributable to common stockholders: $283.9 million, or $0.53 per diluted share, versus $36.5 million, or $0.07, in Q1 2025
Earnings available for distribution: $291.1 million, or $0.54 per diluted share, versus $275.3 million, or $0.52, in Q1 2025
Common dividend of $0.25 per share, totaling $132.6 million, unchanged from Q1 2025
Book value per common share was $12.71 as of June 30, 2025; the company did not provide earnings guidance in the filing
Rithm Capital Corp. closed a private offering of $500 million of 8.000% senior unsecured notes due July 15, 2030, under an indenture dated June 20, 2025. The company plans to use part of the proceeds to redeem its outstanding 6.250% notes due 2025, with the rest for general corporate purposes, which may include repaying other debt. The added debt increases the company's borrowing, while the redemption refinances existing notes.
$500 million principal amount of 8.000% senior unsecured notes due July 15, 2030, closed June 20, 2025
Interest paid semi-annually from January 15, 2026; notes are not guaranteed initially by any subsidiaries
Indenture requires Total Unencumbered Assets of at least 120% of unsecured indebtedness; repurchase at 101% upon a Change of Control
Proceeds partly used to redeem 6.250% 2025 Notes on July 2, 2025 at 100% of principal plus accrued interest
Rithm Capital reported first quarter 2025 results for the quarter ended March 31, 2025, in a press release furnished as Exhibit 99.1. GAAP net income attributable to common stockholders was $36.5 million, or $0.07 per diluted share, down from $263.2 million, or $0.50, in the fourth quarter of 2024. Earnings available for distribution, a non-GAAP measure, was $275.3 million, or $0.52 per diluted share, versus $0.60 in the prior quarter, while the quarterly common dividend held at $0.25 per share.
GAAP net income attributable to common stockholders: $36.5 million, or $0.07 per diluted share, versus $263.2 million, or $0.50, in Q4 2024
Earnings available for distribution: $275.3 million, or $0.52 per diluted share, versus $315.8 million, or $0.60, in Q4 2024
Common dividend of $0.25 per share, totaling $132.5 million, unchanged from the prior quarter; book value per common share was $12.39
Newrez pre-tax income excluding MSR mark-to-market and hedge impact was $270.1 million, down from $280.2 million in Q4 2024
Rithm Capital reported fourth-quarter 2024 GAAP net income attributable to common stockholders of $263.2 million, or $0.50 per diluted share, up from $97.0 million, or $0.20, in the third quarter. For the full year, GAAP net income was $835.0 million, or $1.67 per diluted share, compared with $1.10 in 2023, and the board renewed buyback authorizations of up to $200 million for common stock and $100 million for preferred stock through December 31, 2025.
Q4 2024 total revenues were $2.1 billion, up from $619.5 million in Q3 2024.
Q4 earnings available for distribution were $315.8 million, or $0.60 per diluted share, versus $0.54 in Q3 2024.
Full-year 2024 earnings available for distribution were $1.1 billion, or $2.10 per diluted share, versus $2.06 in 2023.
Quarterly common dividend was $0.25 per share, unchanged; book value per common share was $12.56 at December 31, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Rithm Capital filing is on SEC EDGAR ↗. 8-K briefs of other companies →