Company Information

New Residential

New Residential became a public company is 2013. With a market cap of ~$6.5 billion, the Company has grown since that time into a leading provider of capital and services to the mortgage and financial services industries. With over $41 billion in assets as of September 30, 2019, New Residential has built a diversified, hard-to-replicate portfolio with high-quality investment strategies that have generated returns across different interest rate environments. New Residential’s investment portfolio includes mortgage servicing assets, non-agency securities (and associated call rights), residential loans and other opportunistic investments. Since inception in 2013, New Residential has a proven track record of performance, growing and protecting the value of its assets while generating attractive risk-adjusted returns and delivering over $3 billion in dividends to shareholders.

Over time, New Residential has closed a number of acquisitions that emphasize the Company’s disciplined and strategic approach to growth as markets have evolved. Following the acquisition of Shellpoint Partners LLC ("Shellpoint") in 2018, New Residential 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.

New Residential is organized and conducts its operations to qualify as a real estate investment trust (“REIT”) for federal income tax purposes. New Residential is managed by an affiliate of Fortress Investment Group LLC, a global investment management firm, and headquartered in New York City.

Industry Classifications

Sector

Real Estate

Industry

REITs

NAICS

Lessors of Residential Buildings and Dwellings (531110)

SIC

Real Estate Investment Trusts (6798)

New Residential at a Glance

~$6.5bn

Market Cap

147%

Total Shareholder Return Since Inception

~12.8%

Indicative Common Dividend Yield

Over $3.0bn

Total Dividends to Shareholders Since Inception

$41.3bn

Total Assets

63%

Book Value Growth Since Inception

As of September 30, 2019

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