Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 103

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 103
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947 $260,727 $780 $438,712 $438,712 $— 90+138,392 14,366 (124,026)120,605 7,545 (113,060)Total Marcus398,339 275,093 (123,246)559,317 446,257 (113,060)$580,301 $465,231 $(115,070)$767,623 $665,565 $(102,058)(A)Consumer loans are carried at fair value. See Note 19 regarding fair value measurements.

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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 the activity for consumer loans for the period:Balance at December 31, 2024$665,565 Additional fundings(A)11,669 Proceeds from repayments(198,992)Accretion of loan discount and premium amortization, net6,700 Fair Value Adjustments due to:Changes in instrument-specific credit risk(6,388)Other factors(13,323)Balance at June 30, 2025$465,231 (A)Represents draws on consumer loans with revolving privileges.

9. SINGLE-FAMILY RENTAL PROPERTIES

Rithm Capital invests in its SFR portfolio by acquiring and maintaining a geographically diversified portfolio of high-quality single-family homes and leasing them to high-quality residents. SFR properties HFI are carried at cost less accumulated depreciation and impairment. SFR properties HFS are managed for near term sale and disposition and are measured at the lower of carrying value or fair value less estimated cost to sell. SFR properties HFI and HFS are presented within single-family rental properties on the consolidated balance sheets. The following table summarizes the net carrying value of investments in SFR properties:June 30, 2025December 31, 2024Land$188,515 $191,992 Building754,078 767,966 Capital improvements154,833 150,811 Total gross investment in SFR properties1,097,426 1,110,769 Accumulated depreciation(95,165)(82,474)Investment in SFR Properties, Net$1,002,261 $1,028,295 Dep