Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 103

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 103
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 MSRs131,347 20.0 %26,269 136,645 20.0 %27,329 Other investments89,810 25.7 %23,058 50,778 10.0 %4,608 Asset management917,145 n/m40,928 844,669 n/m(B)39,942 Others’ interests in the net income (loss) of consolidated subsidiaries is computed as follows:     Three Months Ended March 31,20252024Net Income (Loss)Others’ Ownership Interest as a Percent of TotalNoncontrolling Interest in Income (Loss) of Consolidated SubsidiariesNet Income (Loss)Others’ Ownership Interest as a Percent of TotalNoncontrolling Interest in Income (Loss) of Consolidated SubsidiariesAdvance Purchaser$(336)10.7 %$(36)$9,530 10.7 %$1,018 Newrez Joint Ventures715 49.5 %354 112 49.5 %55 Consumer Loan Companies(A)(1,550)— %— 2,192 46.5 %1,019 Excess MSRs1,323 20.0 %264 — N/A— Other investments1,730 25.7 %500 — N/A— Asset management(62,117)n/m(B)4 — N/A— (A)On June 28, 2024, Rithm Capital purchased the remaining 46.5% interest in the Consumer Loan Companies from the co-investor for a total purchase price of $22.0 million. Following the acquisition, Rithm Capital owns 100% interest in the Consumer Loan Companies.(B)Percentage in the table above deemed “n/m” are not meaningful. Noncontrolling interests related to asset management investments represents the ownership interests in certain funds held by entities or persons other than the Company. These interests substantially relate to interests held by employees in real estate and energy funds managed by the Company adjusted for their capital activity and allocated earnings in such funds. Such employees’ portion of carried interest is expensed and recorded within compensation and benefits on the consolidated statements of operations and therefore excluded in the calculation of noncontrolling interests.Redeemable Noncontrolling InterestsIn the first quarter of 2025, the Company consolidated the SPAC it sponsors. The Class A ordinary shares issued by