New Residential Quick Facts
We believe that the scale and composition of our investment portfolio provide New Residential with a competitive advantage. Our business mix and overall strategy help enable us to generate returns and have a balanced risk/reward profile.
~$3.3bn
Market Cap
$10.86
Q3'20 Book Value per Common Share¹
7.6%
Indicative Dividend Yield
~$3.4bn
Total Dividends to Shareholders Since Inception
$20.2bn
Investment Portfolio²
~4mm
Customers
Source
As of September 30, 2020
What Differentiates New Residential
New Residential's diversified and hard-to-replicate portfolio of investments has delivered a strong track record of performance year over year, allowing us to drive solid risk-adjusted returns for our shareholders. Our proven financial position coupled with our extensive institutional knowledge is what makes us a leading capital provider to the financial services industry. Following the acquisition of Shellpoint Partners LLC ("Shellpoint") in 2018, New Residential also benefits from Shellpoint's origination and servicing platform, as well as a suite of ancillary businesses, including title insurance, appraisal management, real estate brokerage, property insurance, property management and other real estate services. More recently, New Residential has continued to make investments and establish partnerships geared towards servicing the full mortgage asset and adding incremental value to our overall strategy.
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Our Diversified Portfolio
Places Us in the Position to be a Leading Provider of Capital and Services
At New Residential, we have built a diversified, hard-to-replicate portfolio of high-quality investment strategies that have generated returns across different interest rate environments. In addition, through our subsidiaries and partners, we have access to an origination and servicing platform, as well as a suite of ancillary businesses, including title insurance, appraisal management, real estate brokerage, property insurance, property management and other real estate services. At New Residential, we facilitate homeownership through our mortgage origination subsidiary, NewRez, and maintain a diversified portfolio of investments comprised of Mortgage Servicing Rights, Non-Agency Securities & Associated Call Rights, and other opportunistic investments.
- A diversified portfolio that is difficult to replicate
- A flexible position that allows us to adapt to and perform in changing market conditions
- A proven track record of performance and delivering strong and stable dividends and returns to our shareholders
- Growing operating businesses with expansive footprint in servicing and origination
View Our Investment Portfolio View Our Subsidiaries and Partners
Stock Information
Note: Market data is as of September 30, 2020 and per Bloomberg. Financial data is as of September 30, 2020 and per company filings.
1. Per common share calculations for Book Value are based on 415,744,518 basic common shares outstanding as of September 30, 2020.
2. “Investment portfolio” refers to total assets less cash, restricted cash, other assets, trades receivable, goodwill and mortgage loans originated.