secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2026-08-06T21:12:13+00:00
Accession:  0001628280-26-054466
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000162828026054466/0001628280-26-054466-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000162828026054466/rc-20260806.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-054466

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