Rithm Reports $315.3 Million in Q3 Earnings Available for Distribution, or $0.55 Per Share

Rithm Capital posted $315.3 million in third-quarter earnings available for distribution, or $0.55 per diluted common share, for the quarter ended Sept. 30, with revenue rising from the prior quarter. Earnings available for distribution is a non-GAAP measure. GAAP net income was $217.1 million, or $0.38 per diluted common share. Revenue totaled $1.756 billion for the three months ended Sept. 30, compared with $1.282 billion for the three months ended June 30. “Rithm’s strong third quarter results reflect disciplined execution across every part of our platform,” CEO Michael Nierenberg said. John Kim reports on the digital-asset business for TokenPost.

Source: TokenPost