---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-054466"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2026-08-06T21:12:13+00:00"
generated_at: "2026-08-06T21:14:08.915854+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ready Capital reports Q2 GAAP loss of $0.63/share; book value $6.83

## Summary
- GAAP loss per common share $(0.63); distributable loss $(0.47); distributable loss before realized losses $(0.24).
- Generated $1.4B cash YTD from loan sales/runoff; paid down >$1B asset-level financing and retired $184M corporate debt.
- Total loan originations $278.8M, including $155.9M LMM CRE and $82.1M SBA 7(a) loans.
- Book value $6.83/share; ended quarter with $124M cash and $690M unencumbered assets; total leverage 3.0x.
- Portland Ritz: sold 50 units (38% completion); hotel occupancy up 10% YoY to 52%, RevPar up 20% to $244.

## SEC filing metadata
- accession: 0001628280-26-054466
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2026-08-06T21:12:13+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527590/000162828026054466/0001628280-26-054466-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000162828026054466/rc-20260806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-054466
- JSON: https://secwatch.observer/filing/0001628280-26-054466.json
- Plain text: https://secwatch.observer/filing/0001628280-26-054466.txt

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