Discontinued — last reported Q3 '24
Business Segments · G&A
Asset Management — G&A
New Residential Investment Corp. Asset Management — G&A decreased by 13.1% to $27.32M in Q3 2024 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2023
Last reportedQ3 2024Nov 5, 2024
Rolls up toG&A
How to read this metric
An increase may indicate rising operational overhead or scaling of the business, while a decrease suggests improved cost efficiency or reduced administrative activity.
Detailed definition
Represents the overhead costs associated with operating the asset management business segment, excluding direct producti...
Peer comparison
Comparable to SG&A expenses in other financial services firms, typically benchmarked as a percentage of assets under management.
Metric ID:
ritm_segment_asset_management_general_and_administrativeHistorical Data
6 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|
| Value | $0 | $0 | $0 | $31.94M | $31.44M | $27.32M |
| QoQ Change | — | — | — | — | -1.6% | -13.1% |
Range$0 – $31.94M
Current Streak2+ quarters decline
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Frequently Asked Questions
- What is New Residential Investment Corp.'s asset management — g&a?
- New Residential Investment Corp. (NRZ) reported asset management — g&a of $27.32M in Q3 2024.
- What does asset management — g&a mean?
- The total administrative and overhead expenses incurred to run the asset management business.