Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 361

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 361
---
.0 %500 (547)20.0 %(109)Other investments2,580 23.5 %700 120 N/A12 Asset management6,025 n/m(B)961 (2,538)n/m(B)2,115 Nine Months Ended September 30,20252024Net Income (Loss)Others’ Ownership Interest as a Percent of TotalNoncontrolling Interest in Income (Loss) of Consolidated SubsidiariesNet Income (Loss)Others’ Ownership Interest as a Percent of TotalNoncontrolling Interest in Income (Loss) of Consolidated SubsidiariesAdvance Purchaser$3,490 10.7 %$372 $(1,212)10.7 %$(131)Newrez Joint Ventures4,547 49.5 %2,251 3,874 49.5 %1,918 Consumer Loan Companies(A)(1,702)— %— (2,136)46.5 %(2,384)Excess MSRs7,264 20.0 %1,452 22,635 20.0 %4,527 Other investments6,860 23.5 %1,891 120 N/A12 Asset management(58,875)n/m(B)1,620 (2,551)n/m(B)4,310 (A)On June 28, 2024, Rithm Capital purchased the remaining 46.5% interest in the Consumer Loan Companies from the co-investor for a total purchase price of $22.0 million. Following the acquisition, Rithm Capital owns 100% interest in the Consumer Loan Companies.(B)Percentages in the table above deemed “n/m” are not meaningful. Noncontrolling interests related to asset management investments represent the ownership interests in certain funds held by entities or persons other than the Company. These interests substantially relate to interests held by employees in real estate and energy funds managed by the Company adjusted for their capital activity and allocated earnings in such funds. Such employees’ portion of carried interest is expensed and recorded within compensation and benefits on the consolidated statements of operations and therefore excluded in the calculation of noncontrolling interests.Redeemable Noncontrolling InterestsIn the first quarter of 2025, the Company consolidated the SPAC it sponsors. The Class A ordinary shares issued by the consolidated SPAC are redeemable for cash by the public