earnings
confidence high
sentiment positive
materiality 0.70
Ready Capital Q2 GAAP EPS $0.47, distributable EPS $0.48; dividend covered 1.14x
Ready Capital Corp
2022-Q2 EPS reported
$1.07
- GAAP net income $59M ($0.47/share); distributable earnings $60.1M ($0.48/share).
- Total investments $2.1B in Q2; year-to-date $5.2B, up 17% YoY.
- Declared $0.42/share dividend; distributable earnings coverage of 1.14x.
- Net book value $15.28 per share as of June 30, 2022.
- Subsequent: JV with Starz Real Estate for €300M European loans; issued $80M 7.375% Notes due 2027.