Discontinued — last reported Q3 '23
Business Segments · Income tax expense (benefit)
MSR Related Investments — Income tax expense (benefit)
New Residential Investment Corp. MSR Related Investments — Income tax expense (benefit) remained flat by 0.0% to $1.95M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 127.0%, from -$7.20M to $1.95M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ2 2021
Last reportedQ3 2023Nov 1, 2023
Rolls up toIncome Tax
How to read this metric
A lower expense is generally better for net profitability, though it depends on the segment's pre-tax earnings.
Detailed definition
Reflects the income tax provision or benefit specifically allocated to the MSR-related investment segment. This figure a...
Peer comparison
Standard tax allocation metric found in segment reporting for most public companies.
Metric ID:
ritm_segment_msr_related_investments_income_tax_expense_benefitHistorical Data
16 periods
| Q2 '21 | Q2 '21 | Q3 '21 | Q3 '21 | Q1 '22 | Q1 '22 | Q2 '22 | Q2 '22 | Q3 '22 | Q3 '22 | Q1 '23 | Q1 '23 | Q2 '23 | Q2 '23 | Q3 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$21.38M | -$21.38M | -$9.42M | -$9.42M | $31.46M | $31.46M | $9.47M | $9.47M | -$7.20M | -$7.20M | -$7.37M | -$7.37M | $3.31M | $3.31M | $1.95M | $1.95M |
| QoQ Change | — | +0.0% | +56.0% | +0.0% | +434.1% | +0.0% | -69.9% | +0.0% | -176.0% | +0.0% | -2.4% | +0.0% | +144.9% | +0.0% | -41.2% | +0.0% |
| YoY Change | — | — | — | — | — | — | +144.3% | +144.3% | +23.6% | +23.6% | -123.4% | -123.4% | -65.1% | -65.1% | +127.0% | +127.0% |
Range-$21.38M – $31.46M
CAGR-47.2%
Avg YoY Growth+21.3%
Median YoY Growth+23.6%
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Frequently Asked Questions
- What is New Residential Investment Corp.'s msr related investments — income tax expense (benefit)?
- New Residential Investment Corp. (NRZ) reported msr related investments — income tax expense (benefit) of $1.95M in Q3 2023.
- How has New Residential Investment Corp.'s msr related investments — income tax expense (benefit) changed year-over-year?
- New Residential Investment Corp.'s msr related investments — income tax expense (benefit) increased by 127.0% year-over-year, from -$7.20M to $1.95M.
- What does msr related investments — income tax expense (benefit) mean?
- The income tax expense or benefit attributed to the Mortgage Servicing Rights investment segment.