ABR - Rithm Capital: Adding To The Preferred Suite Of This Resilient Mortgage REIT

2024-04-03 06:22:17 ET

Summary

• We take a look at mortgage REIT RITM and its suite of preferreds.
• Rithm Capital has demonstrated stability in its book value compared to other mortgage REITs, making it an attractive option for preferreds investors.
• The company's diversified portfolio includes mortgage servicing rights, consumer loans, single-family residential properties and more.
• We continue to like Series D as well as Series A.

In this article, we take a look at the mortgage REIT Rithm Capital ( RITM ) in the context of its preferred securities. We currently hold the Series D ( RITM.PR.D ) in our High Income Portfolio and have recently added Series A ( RITM.PR.A ) as well given it's a nice complement as we discuss below....

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