Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 28

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 28
---
402 $18,949 Other variable revenue2,330 593 Total Revenue$21,732 $19,542 The following table summarizes the future minimum rental revenues under existing leases on SFR properties:2026$37,664 2027 and thereafter12,385 Total$50,049 The following table summarizes the activity for the period of the SFR portfolio by properties:SFR Properties HFISFR Properties HFSTotalBalance at December 31, 20243,891 158 4,049 Acquisition of SFR properties— — — Transfer to (from) HFS/HFI45 (45)— Disposition of SFR properties— (42)(42)Balance at March 31, 20253,936 71 4,007 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 held by consolidated CFEs by loan type:Residential Transition Loans - Carrying Value(A)Residential Transition Loans of Consolidated CFEs - Carrying Value(A)Total Carrying Value% of PortfolioLoanCount% of PortfolioWeighted Average YieldWeighted Average Original Life (Months)Weighted Average Committed Loan Balance to Value(B)March 31, 2025Construction$1,003,657 $417,895 $1,421,552 43.4 %477 32.1 %11.4 %19.872.0% / 62.0%Bridge1,063,102 382,927 1,446,029 44.2 %570 38.5 %10.0 %23.666.6%Renovation268,459 137,710 406,169 12.4 %437 29.4 %10.3 %14.883.4% / 68.4%$2,335,218 $938,532 $3,273,750 100.0 %1,484 100.0 %10.6 %20.4N/ADecember 31, 2024Construction$935,142 $492,071 $1,427,213