Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 273

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 273
---
 revenues and other income (loss), net, respectively, on the consolidated statements of operations based on the specific lease terms for the period:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Rental revenue$19,920 $19,348 $58,814 $57,216 Other variable revenue2,697 833 7,582 2,492 Total $22,617 $20,181 $66,396 $59,708 The following table summarizes the future minimum rental revenues under existing leases on SFR properties:2026$18,075 2027 and thereafter40,053 Total$58,128 

30 

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

The following table summarizes SFR portfolio activity for the period by number of properties:SFR Properties HFISFR Properties HFSTotalBalance at December 31, 20243,891 158 4,049 Transfer to (from) HFS/HFI42 (42)— Disposition of SFR properties— (75)(75)Balance at September 30, 20253,933 41 3,974 See Note 18 regarding the financing of SFR properties.

10. RESIDENTIAL TRANSITION LOANS

Genesis specializes in originating and managing a portfolio of primarily short-term mortgage loans to fund the construction and development of, or investment in, residential properties.The following table summarizes residential transition loans, at fair value and residential transition loans (“RTL”) held by consolidated entities by loan type:Residential Transition Loans - Carrying Value(A)Residential Transition Loans of Consolidated Entities - Carrying Value(A)Total Carrying Value% of PortfolioLoanCount% of PortfolioWeighted Average YieldWeighted Average Original Life (Months)Weighted Average Committed Loan Balance to Value(B)September 30, 2025Construction$1,019,526 $579,036 $1,598,562 41.7 %561 33.9 %11.2 %20.272.1% / 62.1%Bridge1,274,957 455,451 1,730,408 45.2 %537 32.5 %9.5 %26.267.2%