Company: RITM-PC
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001104659-25-033195
Chunk: 34

Company: Rithm Capital Corp.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 34
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 momentum across the platform: • Strong risk-adjusted investment performance across the platform in 2024 ; 22 TABLE OF CONTENTS • Drove substantial fundraising in 2024 , with $5 billion of gross inflows across the platform; • Assets Under Management (“AUM”) of $34 billion (h) as of December 31, 2024, including the launch of Sculptor Real Estate Fund V, the acceleration of momentum in Sculptor’s non-traded REIT and the launch of Sculptor’s collateralized loan obligation (“CLO”) equity platform with an anchor investment from Rithm; • Continued the Expansion and Diversification of the Genesis Capital Franchise , with a funded volume of $1.2 billion, representing a 101% increase from 2023, and an increase of the number of sponsors to 140, representing a 14% increase from 2023; and • Completed a Transaction to Become the External Manager of Rithm Property Trust Inc. (“RPT”) , a publicly traded mortgage REIT, leveraging our CRE platform to transform RPT into a CRE investment vehicle and demonstrating our ability to grow into a diversified global asset manager and generating fee-related earnings. (a) Per diluted share calculations for both GAAP Net Income and EAD are based on 499,597,670 weighted average diluted common for the year ended December 31, 2024. (b) GAAP Net Income and EAD per diluted share for the year ended December 31, 2023 was $1.10 and $2.06 per diluted share, respectively. Per diluted share calculations for both GAAP Net Income and EAD were based on 483,716,715 weighted average diluted shares for the year ended December 31, 2023. The 22% increase from 2023 adjusts for a one-time gain of $167 million from the sale of excess servicing rights in 2023. (c) Annex A includes a discussion and reconciliation of non-GAAP financial measures to the most directly comparable GAAP measure. (d) Total economic return represents Rithm book value change from December 31, 2023 to December 31, 2024, plus common dividends declared during that time, divided by Rithm book value as of December 31, 2023. (e) GAAP Net Income ROE for the year ended December 31, 2024 is calculated based on GAAP Net Income for the year ended December 31, 202