Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 308

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 308
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 is summarized below:December 31,20242023Weighted Average Remaining Lease Term (Years):Operating leases5.15.8Finance leases2.53.5Weighted Average Discount Rate:Operating leases6.5 %6.2 %Finance leases7.9 %7.9 %Year Ended December 31,Supplemental Information202420232022Cash Paid for Amounts Included in the Measurement of Lease Liabilities:Operating cash flows - operating leases$51,289 $34,655 $51,005 Operating cash flows - finance leases4 — — Finance cash flows - finance leases224 — — Supplemental Non-Cash Information on Lease Liabilities Arising from Obtaining ROU Assets:ROU obtained in exchange for new operating lease liabilities$20,465 $1,449 $5,773 

See Note 9 for further information on leases of SFR properties. 

17. DERIVATIVES AND HEDGING

Rithm Capital enters into economic hedges including interest rate swaps, to-be-announced forward contract positions (“TBAs”), and Treasury short sales to hedge a portion of its interest rate risk exposure. Interest rate risk is sensitive to many factors, including governmental monetary and tax policies, domestic and international economic and political considerations, as well as 

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RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(dollars in tables in thousands, except share data)

other factors. Rithm Capital’s credit risk with respect to economic hedges is the risk of default on Rithm Capital’s investments that results from a borrower’s or counterparty’s inability or unwillingness to make contractually required payments.Rithm Capital may at times hold TBAs in order to mitigate Rithm Capital’s interest rate risk on certain specified MBS and MSRs. Amounts or obligations owed by or to Rithm Capital are subject to the right of set-off with the counterparty. As part of executing these trades, Rithm Capital may enter into agreements with its counterparties that govern the transactions for the purchases or sales made, including margin maintenance, payment and transfer, events of default, settlements and various other provisions. Changes in the value of economic hedges designed to protect against MBS and MSR fair value fluctuations, or hedging gains and losses, are reflected in the tables below. Rithm Capital enters into short sales