---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-023869"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T04:07:15.611896+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ready Capital Q1: GAAP EPS $0.47 but distributable loss $(0.09); book value $10.61

## Summary
- GAAP EPS $0.47; distributable loss per share $(0.09); distributable earnings before realized losses $0.00.
- Originations: $79M LMM CRE loans, $387M SBL loans (including $343M SBA 7(a)).
- Book value $10.61 per share; declared $0.125/share cash dividend; repurchased 3.4M shares at avg $5.02.
- Completed acquisition of United Development Funding IV, a REIT for residential developer financing.
- Closed $220M 9.375% Senior Secured Notes due 2028; add-on $50M in April used to repay debt.

## SEC filing metadata
- accession: 0001628280-25-023869
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527590/000162828025023869/0001628280-25-023869-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000162828025023869/rc-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-023869
- JSON: https://secwatch.observer/filing/0001628280-25-023869.json
- Plain text: https://secwatch.observer/filing/0001628280-25-023869.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.