v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets    
Residential transition loans, at fair value [1] $ 448,931 $ 176,584
Residential mortgage loans, at fair value [1] 214,359 87,630
Cash and cash equivalents 4,783 638
Restricted cash [1] 5,681 7,007
Accounts receivable and other assets [1] 6,094 4,594
Derivative assets, at fair value 1,103 0
Total Assets 680,951 276,453
Liabilities    
Secured financings, at fair value [1] 512,944 207,084
Due to related parties [1] 5,379 11,134
Accounts payable and other liabilities [1] 2,663 1,038
Total Liabilities 520,986 219,256
Commitments and Contingencies (Note 12)
Shareholders’ Equity    
Additional paid-in capital 159,432 59,916
Retained earnings (accumulated deficit) 451 (2,749)
Total Shareholders’ Equity 159,965 57,197
Total Liabilities and Shareholders’ Equity $ 680,951 276,453
Other Liability, Related Party [Extensible Enumeration] Related Party  
Class J Par Value    
Shareholders’ Equity    
Common shares $ 78 28
Class E Par Value    
Shareholders’ Equity    
Common shares $ 4 $ 2
[1] The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs” and each, a “VIE”). VIE assets can only be used to settle obligations and liabilities of the VIEs. Substantially all obligations of the consolidated VIEs are non-recourse to Rithm Perpetual Life Residential Trust. As of September 30, 2026 and December 31, 2025, total assets of such consolidated VIEs were $674.6 million and $275.8 million, respectively, and total liabilities of such consolidated VIEs were $512.2 million and $215.6 million, respectively. See Note 8 for further details.