Discontinued — last reported Q3 '24
Business Segments · Income tax expense (benefit)
Mortgage Loans Receivable — Income tax expense (benefit)
New Residential Investment Corp. Mortgage Loans Receivable — Income tax expense (benefit) increased by 41.1% to $2.75M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 346.8%, from -$1.12M to $2.75M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ2 2021
Last reportedQ3 2024Nov 5, 2024
Rolls up toIncome Tax
How to read this metric
Changes often reflect fluctuations in pre-tax income or changes in the effective tax rate applied to the segment.
Detailed definition
Represents the tax impact associated with the mortgage loans receivable segment's earnings. This reflects the segment's...
Peer comparison
Standard tax allocation metric in segment reporting.
Metric ID:
ritm_segment_mortgage_loans_receivable_income_tax_expense_benefitHistorical Data
11 periods
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0 | $0 | $0 | -$3.62M | -$1.94M | -$2.09M | -$981K | -$1.12M | -$333K | $1.95M | $2.75M |
| QoQ Change | — | — | — | — | +46.5% | -7.9% | +53.2% | -13.8% | +70.2% | +686.2% | +41.1% |
| YoY Change | — | — | — | — | — | — | +72.9% | +42.5% | +84.1% | +299.0% | +346.8% |
Range-$3.62M – $2.75M
Avg YoY Growth+169.0%
Median YoY Growth+84.1%
Current Streak3 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is New Residential Investment Corp.'s mortgage loans receivable — income tax expense (benefit)?
- New Residential Investment Corp. (NRZ) reported mortgage loans receivable — income tax expense (benefit) of $2.75M in Q3 2024.
- How has New Residential Investment Corp.'s mortgage loans receivable — income tax expense (benefit) changed year-over-year?
- New Residential Investment Corp.'s mortgage loans receivable — income tax expense (benefit) increased by 346.8% year-over-year, from -$1.12M to $2.75M.
- What does mortgage loans receivable — income tax expense (benefit) mean?
- The tax expense or benefit attributed to the mortgage segment.