secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001628280-26-032299
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ready Capital Q1 GAAP loss $(1.25)/share; balance sheet repositioning generates $1.4B cash
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- GAAP loss per common share of $(1.25); distributable loss per share $(1.00).
- Generated $1.4B cash from loan sales; paid down $1.1B asset-level financing and $184M corporate debt.
- Sold 48 CRE loans totaling $1.0B UPB; 60+ day core delinquencies increased to 14.8%.
- Book value $7.43 per share; ended quarter with $200M cash, $730M unencumbered assets.
- Initiated sale process for up to $1.2B of loans as last phase of repositioning plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000162828026032299/0001628280-26-032299-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000162828026032299/rc-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-032299

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