Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 378

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 378
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 Part I, Item 1. Business, “Investment Guidelines” of the 2024 Form 10-K.

In executing our strategy, from time to time, we explore, and will continue to explore, various opportunities to create value for our shareholders, which may include acquisitions and dispositions of assets, financing transactions (including equity or debt offerings by one or more of our subsidiaries), business combinations, a change in our tax status, spin-off transactions or other similar transactions. Among other opportunities, we believe there are additional growth opportunities in the direct lending, insurance, private equity and infrastructure spaces. Each of the potential transactions described above is subject to market and other conditions and there can be no assurances as to the timing of any such transaction or that a transaction will be completed at all. 

As of September 30, 2025, we had approximately $47.2 billion in total assets and approximately $37.5 billion in assets under management (“AUM”). We conduct our business through the following segments: Origination and Servicing, Investment Portfolio, Residential Transitional Lending and Asset Management.

87 

BOOK VALUE PER COMMON SHARE

The following table summarizes the calculation of book value per common share:

($ in thousands, except per share amounts)September 30,2025June 30,2025March 31, 2025(A)December 31,2024September 30,2024Total equity$8,612,685 $8,059,209 $7,884,840 $7,886,310 $7,751,409 Less: Preferred Stock Series A, B, C, D and E1,390,790 1,207,254 1,207,254 1,257,254 1,257,254 Less: Noncontrolling interests of consolidated subsidiaries114,168 110,826 108,716 91,336 94,867 Total equity attributable to common stock$7,107,727 $6,741,129 $6,568,870 $6,537,720 $6,399,288 Common stock outstanding554,196,670530,292,171530,122,477520,656,256519,732,422Book Value per Common Share$12.83 $12.71 $12.39 $12.56 $12.31 

(A)The change in book value per common share from December 31, 2024