Discontinued — last reported Q3 '24
Business Segments · Net income (loss)
Asset Management — Net income (loss)
New Residential Investment Corp. Asset Management — Net income (loss) remained flat by 0.0% to -$2.54M in Q3 2024 compared to the prior quarter. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ3 2024Nov 5, 2024
Rolls up toNet Income
How to read this metric
An increase indicates improved operational efficiency or higher fee generation, while a decrease suggests rising costs or declining management performance.
Detailed definition
This metric represents the bottom-line profitability of the asset management business segment after accounting for all o...
Peer comparison
Comparable to segment net income reported by diversified financial services firms and alternative asset managers.
Metric ID:
ritm_segment_asset_management_net_income_lossHistorical Data
12 periods
| Q1 '23 | Q1 '23 | Q2 '23 | Q2 '23 | Q3 '23 | Q3 '23 | Q1 '24 | Q1 '24 | Q2 '24 | Q2 '24 | Q3 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | -$25.98M | -$25.98M | $25.96M | $25.96M | -$2.54M | -$2.54M |
| QoQ Change | — | — | — | — | — | — | — | +0.0% | +199.9% | +0.0% | -109.8% | +0.0% |
Range-$25.98M – $25.96M
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Frequently Asked Questions
- What is New Residential Investment Corp.'s asset management — net income (loss)?
- New Residential Investment Corp. (NRZ) reported asset management — net income (loss) of -$2.54M in Q3 2024.
- What does asset management — net income (loss) mean?
- The total profit or loss generated by the asset management business segment after all related expenses and taxes.