earnings
confidence high
sentiment positive
materiality 0.65
Ready Capital Q4 2022 distributable EPS $0.42, GAAP EPS $0.08, book value $15.20
Ready Capital Corp
2022-FY EPS reported
$1.66
- GAAP EPS $0.08 per common share; distributable EPS $0.42 per common share.
- Distributable return on average stockholders' equity 11.4%.
- Total investments of $1.4B, including $891M SBC originations/acquisitions.
- Completed securitization of $860M floating rate SBC loans; sold $657M senior bonds at SOFR+3.0%.
- Acquired ~3.6M shares at avg $10.34; declared $0.40 dividend with 1.1x coverage.