secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001628280-25-023869
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000162828025023869/0001628280-25-023869-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000162828025023869/rc-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-023869

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer