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AI brief of an SEC Form 8-K · Rithm Capital (RITM)

Rithm Capital Q3 GAAP profit falls to $97.0 million; distributable earnings rise

Mixed Impact 3 of 5 earnings Written later

Rithm Capital reported third quarter 2024 results on October 29, 2024. GAAP net income attributable to common stockholders fell to $97.0 million, or $0.20 per diluted share, from $213.2 million, or $0.43, in the second quarter, while non-GAAP earnings available for distribution rose to $270.3 million, or $0.54 per share. The company also added two independent directors, William Addas and Ranjit Kripalani, effective November 1, 2024.

Key points

  • GAAP net income attributable to common stockholders was $97.0 million, or $0.20 per diluted share, versus $213.2 million, or $0.43, in Q2 2024.
  • Total revenues were $619.5 million, compared with $1.23 billion in Q2 2024.
  • Earnings available for distribution, a non-GAAP measure, was $270.3 million, or $0.54 per diluted share, versus $0.47 in Q2 2024.
  • The quarterly common dividend was $0.25 per share, unchanged from Q2 2024; directors Addas and Kripalani take office November 1, 2024.

The filing

CompanyRithm Capital (RITM)
Form8-K, current report
Filed with the SECOct 29, 2024, 6:45 AM ET
Accession number0001556593-24-000036

Items reported: 2.02 Results of Operations5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.