Ready Capital reports Q1 GAAP loss $(0.45)/share; distributable earnings $0.29/share

Ready Capital Corp

2024-Q1 EPS reported -$0.44

GAAP loss per common share from continuing ops $(0.45); distributable earnings per common share $0.29.
Total investments $457M, including record $197M SBA 7(a) loans; LMM originations $260M.
Declared and paid $0.30/share quarterly dividend; net book value $13.44 per share as of March 31.
Repurchased 2.1M shares in Q1 (avg $8.88); entered $115.25M delayed draw term loan, $75M drawn.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ready Capital Corp reported first quarter 2024 results: EPS -$(0.45) GAAP loss per share from continuing operations; distributable earnings per share $0.29.

Period: first quarter 2024
EPS: -$(0.45) GAAP loss per share from continuing operations; distributable earnings per share $0.29
Result: reported results

Exact text from the filing

READY CAPITAL CORPORATION REPORTS FIRST QUARTER 2024 RESULTS - GAAP LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $(0.45) - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.29 - - DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS’ EQUITY OF 8.6%

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Source: SEC EDGAR

accession 0001558370-24-007407

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