Rithm Capital Corp. (RITM), an asset manager focused on the real estate and financial services sectors, Tuesday reported net income of $97.02 million or $0.20 per share for the third quarter, significantly lower than $193.95 million or $0.40 per share in the same quarter a year ago, mainly impacted by decline in revenue.
Earnings available for distribution were $270.3 million, or $0.54 per share compared with $280.84 million or $0.58 per share last year.
Interest income, however, increased to $550.73 million from $476.61 million last year.
Revenue for the quarter declined to $619.51 million from $1.089 billion in the previous year.
Net servicing revenue was a loss of $254.16 million compared with profit of $463.58 million a year ago.
The consensus estimate for revenue was $469.08 million.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.