Discontinued — last reported Q3 '24
Business Segments · Income tax expense (benefit)
Investment Portfolio — Income tax expense (benefit)
New Residential Investment Corp. Investment Portfolio — Income tax expense (benefit) remained flat by 0.0% to -$4.92M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 85.6%, from -$2.65M to -$4.92M.
Analysis
StatementSegment
CategoryProfitability
SignalContext dependent
VolatilityModerate
First reportedQ1 2023
Last reportedQ3 2024Nov 5, 2024
Rolls up toIncome Tax
How to read this metric
Fluctuations often reflect changes in pre-tax profitability or shifts in tax strategy and regulatory environments.
Detailed definition
The provision for income taxes or the benefit recognized from tax credits and deferred tax assets within the investment...
Peer comparison
Standard tax accounting metric used to reconcile pre-tax and net income across all corporate segments.
Metric ID:
ritm_segment_investment_portfolio_income_tax_expense_benefitHistorical 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 | -$11.04M | -$11.04M | $8.30M | $8.30M | -$2.65M | -$2.65M | $1.25M | $1.25M | $2.91M | $2.91M | -$4.92M | -$4.92M |
| QoQ Change | — | +0.0% | +175.2% | +0.0% | -131.9% | +0.0% | +147.1% | +0.0% | +133.1% | +0.0% | -269.0% | +0.0% |
| YoY Change | — | — | — | — | — | — | +111.3% | +111.3% | -65.0% | -65.0% | -85.6% | -85.6% |
Range-$11.04M – $8.30M
CAGR-25.5%
Avg YoY Growth-13.1%
Median YoY Growth-65.0%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is New Residential Investment Corp.'s investment portfolio — income tax expense (benefit)?
- New Residential Investment Corp. (NRZ) reported investment portfolio — income tax expense (benefit) of -$4.92M in Q3 2024.
- How has New Residential Investment Corp.'s investment portfolio — income tax expense (benefit) changed year-over-year?
- New Residential Investment Corp.'s investment portfolio — income tax expense (benefit) decreased by 85.6% year-over-year, from -$2.65M to -$4.92M.
- What does investment portfolio — income tax expense (benefit) mean?
- The amount of tax the segment pays or the tax benefit it receives based on its earnings.