Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 171

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 171
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ish or increase capital to support our activities. Dividends declared for the three months ended March 31, 2025 were $132.5 million.

We will continue to monitor market conditions and the potential impact the ongoing volatility and uncertainty may have on our business. Our board of directors will continue to evaluate the payment of dividends as market conditions evolve, and no definitive determination has been made at this time. While the terms and timing of the approval and declaration of cash dividends, if any, on shares of our capital stock is at the sole discretion of our board of directors and we cannot predict how market conditions may evolve, we intend to distribute to our stockholders an amount equal to at least 90% of our REIT taxable income determined before applying the deduction for dividends paid and by excluding net capital gains consistent with our intention to maintain our qualification as a REIT under the Internal Revenue Code.

Cash Flows

The following table summarizes changes to our cash and cash equivalents and restricted cash for the periods presented:

Three Months Ended March 31,20252024ChangeBeginning of period — cash and cash equivalents and restricted cash$1,917,809 $1,697,095 $220,714 Net cash provided by (used in) operating activities1,421,267 (1,314,546)2,735,813 Net cash used in investing activities(1,304,457)(4,050,190)2,745,733 Net cash provided by financing activities55,953 5,225,635 (5,169,682)Net increase (decrease) in cash and cash equivalents and restricted cash172,763 (139,101)311,864 End of Period — Cash and Cash Equivalents and Restricted Cash$2,090,572 $1,557,994 $532,578 

Operating Activities

Net cash provided by (used in) operating activities was approximately $1.4 billion and $(1.3) billion for the three months ended March 31, 2025 and 2024, respectively. The net cash provided by operating activities is primarily attributable to proceeds from residential mortgage loan repayments, offset by lower volume of mortgage originations resulting from a decrease in refinance activity as interest rates remained elevated. 

Investing Activities

Net cash used in investing activities was approximately $1.3 billion and $4.1 billion for the three months ended March 31, 2025 and 2024, respectively. The