New Residential Investment Corp. Estimates Preliminary Earnings and Impairment Guidance for the Fourth Quarter and Full Year Ended December 31, 2016
For the quarter, the company expected impairment of $38,297,000.
For the full year 2016, the company expects GAAP net income to be in the range of $2.09 to $2.13 per diluted share and core earnings to be in the range of $2.12 to $2.16 per diluted share. Net income attributable to common stockholders expected between $498,990,000 to $509,042,000 and core earnings expected between $505,039,000 to $515,091,000.
For the year, the company expected impairment of $87,980,000.