Rithm Capital Corp. (NYSE: RITM-PD)

Rithm Capital is a global asset manager focused on real estate credit and financial services. The company operates as an internally managed real estate investment trust headquartered in New York City with additional offices in London Hong Kong Abu Dhabi and Tokyo. Rithm Capital seeks to generate long term value for investors by using its investment expertise to identify manage and invest in real estate related and other financial assets while offering broader asset management capabilities to provide attractive risk adjusted returns.

Rithm Capital generates revenue through multiple channels including servicing fee revenue and interest income from mortgage servicing rights and related financing receivables gain on originated residential mortgage loans held for sale net interest income from various investment portfolios asset management fees and incentive income from its alternative asset management business and other revenues such as property inspection and maintenance services.

The company operates through the following segments: Origination and Servicing Investment Portfolio Residential Transitional Lending and Asset Management.

• Origination and Servicing operates through wholly owned subsidiaries Newrez and New Residential Mortgage LLC and provides a multi channel residential lending platform offering purchase and refinance loan products including agency government insured non agency and non qualified mortgage loans the segment services approximately 3.8 million customers with an aggregated unpaid principal balance serviced of $822.1 billion as of September 30 2025 and generates revenue through gain on loans originated and sold and the value of mortgage servicing rights retained on transfer of loans.

• Investment Portfolio primarily consists of residential mortgage loans single family rental properties consumer loans non agency securities excess mortgage servicing rights and servicer advance investments the segment earns income from interest on these investments gains on sales and other investment returns.

• Residential Transitional Lending operates through the wholly owned subsidiary Genesis and specializes in originating and managing short term business purpose mortgage loans to fund single family and multi family real estate developers with construction renovation and bridge loans the segment earns loan origination fees extension fees amendment fees and interest income on its loan portfolio.

• Asset Management primarily operates through wholly owned subsidiaries Sculptor RCM Manager and RCA and provides asset management services and investment products across credit real estate and multi strategy platforms through commingled funds separate accounts and other alternative investment vehicles with approximately $37.5 billion in assets under management as of September 30 2025 the segment generates revenue primarily through management fees and incentive income based on investment performance.

Rithm Capital holds a leading position in the mortgage origination and servicing industry with Newrez ranking among the top five lenders and servicers in the United States as of September 30 2025 the company benefits from integrated operations across the mortgage lifecycle and competitive advantages in direct to consumer and wholesale channels its asset management business through Sculptor is a recognized global alternative asset manager with scale across credit real estate and multi strategy platforms.

The company serves a diverse customer base including individual borrowers seeking residential mortgage loans real estate developers and investors utilizing transitional lending services institutional and retail investors in its asset management funds and tenants occupying its single family rental properties specific customer names are not disclosed in the filing.